Award

Provision of Pension Fund Custodian Services

LANCASHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

24 May 2024 at 13:29

Award Notice
Award

24 May 2024 at 10:37

Award Notice
Summary of the contracting process

The Lancashire County Council has awarded a contract for the provision of Pension Fund Custodian Services. The contract, valued at £420,000 GBP, will be delivered in the North West region, United Kingdom. The procurement stage is complete, and the contract period is set to start on July 16, 2024, and end on July 15, 2027.

This tender process presents opportunities for businesses in the insurance and pension services industry, particularly those providing custodian services. SMEs are well-suited to compete due to the contract's nature and value. The procurement method involves further completion through an LGPS Framework Agreement, offering a structured approach for eligible businesses to participate in the contracting process.

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Notice Information

Notice Title

Provision of Pension Fund Custodian Services

Notice Description

A single supplier contract for the provision of custodian services to Lancashire County Pension Fund and Lancashire County Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6bde33ba-5dd4-4df3-ab7c-9f9a3ed18690
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eb2013cc-81b0-4f18-9135-e774af1c3029
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Further Completion through LGPS Framework Agreement (NCCT42038)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£420,000 £100K-£500K
Lots Value
Not specified
Awards Value
£420,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20241 years ago
Submission Deadline
24 May 2024Expired
Future Notice Date
Not specified
Award Date
23 May 20241 years ago
Contract Period
15 Jul 2024 - 15 Jul 2027 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
LANCASHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PRESTON
Postcode
PR1 8XJ
Post Town
Preston
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)
Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

THE NORTHERN TRUST

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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