Award

Provision of Fuel Hedging Services For The Ministry of Defence

MINISTRY OF DEFENCE

This public procurement record has 5 releases in its history.

Award

21 Mar 2017 at 17:28

Award Notice
Award

21 Mar 2017 at 17:10

Award Notice
Award

21 Mar 2017 at 16:26

Award Notice
Award

21 Mar 2017 at 15:59

Award Notice
Tender

16 Jan 2017 at 13:48

Tender Notice
Summary of the contracting process

The Ministry of Defence is seeking tenders for the Provision of Fuel Hedging Services, classified under the industry category of Financial markets administration services. This procurement process follows a selective method with a restricted procedure. The tender period ended on 27th February 2017, while the contract is set to commence on 1st March 2017 and will run until 29th February 2020. The value of the contract is estimated at £18,000,000, with delivery addresses located in the South West region of the United Kingdom.

This opportunity can significantly benefit businesses specialising in financial services, particularly those focusing on fuel hedging or related activities. Small and medium-sized enterprises (SMEs) are encouraged to consider participating in this tender, as the documentation indicates a suitability for SMEs within the procurement process. Competing suppliers should have the capacity to deliver sophisticated financial solutions aligned with the Ministry of Defence’s requirements, establishing a solid platform for business growth.

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Notice Information

Notice Title

Provision of Fuel Hedging Services For The Ministry of Defence

Notice Description

Provision of Fuel Hedging Services For The Ministry Of Defence

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-63af9f5e-938f-4930-8e51-0d3838dfbdf9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f0f70b55-b606-46a1-9009-ff15a8f63bee
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66150000 - Financial markets administration services

Notice Value(s)

Tender Value
£18,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£18,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Mar 20178 years ago
Submission Deadline
27 Feb 2017Expired
Future Notice Date
Not specified
Award Date
28 Feb 20178 years ago
Contract Period
1 Mar 2017 - 29 Feb 2020 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 DEFENCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 8EX
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLK South West (England)
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
4
Supplier Names

BRITANNIC TRADING

CITIGROUP GLOBAL MARKETS

MERRILL LYNCH INTERNATIONAL

MORGAN STANLEY & CO INTERNATIONAL

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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