Award

CPU 4968 Invitation to Quote for the provision of Independent Financial Advice

NOTTINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

02 Nov 2022 at 13:12

Summary of the contracting process

The Nottingham City Council has awarded a contract for the provision of Independent Financial Advice (IFA) to Samra Wealth Management Ltd. The contract, with a value of £56,000, has a contract period starting from November 1, 2022, until August 31, 2025. The procurement method was an Invitation to Quote, and the tender period ended on August 7, 2022. The contract is related to financial consultancy services.

This tender opportunity can benefit businesses in the financial consultancy services industry, especially those providing Independent Financial Advice tailored to individual clients' needs. Small and medium-sized enterprises (SMEs) with expertise in financial planning and asset management could compete successfully for such contracts. Nottingham City Council's procurement approach presents opportunities for businesses to access public sector contracts and contribute to the enhancement of financial services in the community.

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Notice Title

CPU 4968 Invitation to Quote for the provision of Independent Financial Advice

Notice Description

This contract will be for provision of Independent Financial Advice (IFA), including care fees planning, which should be individually tailored to each client's personal and financial circumstances, with the aim of maximising the clients' income and assets. The contract will involve the provision of IFA for any client whose assets are, or rise above, PS30,000 during the contract period.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-787daa29-7f6f-4063-a47c-e0bd1d69ddc8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2987c5f9-432c-4ae8-9ab2-744a273f536b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£56,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Nov 20223 years ago
Submission Deadline
7 Aug 2022Expired
Future Notice Date
Not specified
Award Date
31 Aug 20223 years ago
Contract Period
1 Nov 2022 - 31 Aug 2025 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NOTTINGHAM CITY COUNCIL
Contact Name
Utari Wytchard
Contact Email
utari.wytchard@nottinghamcity.gov.uk
Contact Phone
+44 1159155555

Buyer Location

Locality
NOTTINGHAM
Postcode
NG2 3NG
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
Not specified

Local Authority
Nottingham
Electoral Ward
Castle
Westminster Constituency
Nottingham East

Supplier Information

Number of Suppliers
1
Supplier Name

SAMRA WEALTH MANAGEMENT LTD PART OF ST JAMES PLACE WEALTH MANAGE

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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