Award

Investment Service for OSPT - Contract Award

MINISTRY OF JUSTICE.

This public procurement record has 1 release in its history.

Award

13 Jan 2020 at 15:27

Award Notice
Summary of the contracting process

The Ministry of Justice has awarded a contract for "Investment Service for OSPT" valued at £1,050,000, providing investment services on behalf of the official solicitor and public trustee. This procurement falls under the financial and insurance services category and was conducted through an open procedure due to its high value. The contract period commenced on 4 December 2019 and is set to conclude on 3 January 2023. The tender process has now been completed, with all official documentation published as of 13 January 2020.

This award presents significant opportunities for large financial service providers looking to expand their services within the public sector, particularly in investment management. Businesses with expertise in financial services, particularly those that cater to government departments and agencies, would be well-positioned to compete in similar future procurement processes. The geographic scope includes the British Oversea Territories, Channel Islands, and the United Kingdom, accommodating a wide range of potential suppliers who meet the criteria established by the Ministry of Justice.

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Notice Information

Notice Title

Investment Service for OSPT - Contract Award

Notice Description

A contract for the provision of investment services for the official solicitor and public trustee

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-61d12095-61fc-4f37-8814-fb76b7e77780
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/35feb44d-c214-44ab-b1f6-0e5ffb9a8605
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,050,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,050,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jan 20206 years ago
Submission Deadline
4 Dec 2019Expired
Future Notice Date
Not specified
Award Date
2 Dec 20196 years ago
Contract Period
4 Dec 2019 - 3 Jan 2023 3-4 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
MINISTRY OF JUSTICE.
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4AP
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

N/A

Further Information

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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