Award

Provision of independent investment advice on the 3rd National Lottery Trust Fund Investments

GAMBLING COMMISSION

This public procurement record has 1 release in its history.

Award

30 Sep 2021 at 15:54

Award Notice
Summary of the contracting process

The Gambling Commission, based in Birmingham, has completed a procurement process titled "Provision of independent investment advice on the 3rd National Lottery Trust Fund Investments." This tender falls under the financial market regulatory services industry category and was classified as a direct procurement via a single tender action, given that it was below the threshold. The tender period ended on 8th July 2021, and the awarded contract, valued at £45,000, will run from 1st October 2021 until 31st January 2024.

This tender presents a significant opportunity for small and medium-sized enterprises (SMEs) specialising in financial consulting and investment advisory services. As the project focuses on independent investment advice for a vital public funding mechanism, businesses with experience in managing or advising on large financial portfolios, particularly those familiar with lottery or charitable funding, would be well-positioned to compete successfully. The successful supplier for this contract was Edale UK Management, indicating the potential for similar firms to engage in public sector contracts in the future.

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Notice Information

Notice Title

Provision of independent investment advice on the 3rd National Lottery Trust Fund Investments

Notice Description

Provision of independent investment advice on the 3rd National Lottery Trust Fund Investments.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-56967218-64e4-4ab4-9364-bcef93f7e7b3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0d3c503a-d4fb-47e3-b371-f9ec3c473bd7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66152000 - Financial market regulatory services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20214 years ago
Submission Deadline
8 Jul 2021Expired
Future Notice Date
Not specified
Award Date
9 Sep 20214 years ago
Contract Period
30 Sep 2021 - 31 Jan 2024 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GAMBLING COMMISSION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B2 4BP
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

EDALE UK MANAGEMENT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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