Award

Global Custody Services

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

09 Apr 2019 at 09:36

Award Notice
Summary of the contracting process

The Isle of Wight Council has recently completed a public procurement process for Global Custody Services, aimed at managing its pension fund. The tender was categorised under pension fund management services and has a contract value of £125,100. The procurement method was classified as 'Other', and the tender period concluded on 8 April 2019. The awarded contract has a duration starting from 27 July 2019 to 26 July 2022, and the services are to be delivered in the South East region of the United Kingdom.

This tender presents an opportunity for businesses in the financial services industry, particularly those specialising in pension fund management and custody services, to expand their reach. Small and medium-sized enterprises (SMEs) are encouraged to consider participating in similar future tenders, as this particular process was designed with them in mind. Engaging with public-sector contracts like this can enhance business growth and open up new avenues for collaboration with established suppliers, such as The Northern Trust Company, the awarded contractor in this instance.

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Notice Information

Notice Title

Global Custody Services

Notice Description

Isle of Wight Council Pensions Global Custody Services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8a82b5d0-8026-42c5-b22f-afe0a9a051b3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7f1466d4-48a4-4d7a-8163-30e118873b04
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
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£125,100 £100K-£500K
Lots Value
Not specified
Awards Value
£125,100 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Apr 20196 years ago
Submission Deadline
8 Apr 2019Expired
Future Notice Date
Not specified
Award Date
8 Apr 20196 years ago
Contract Period
26 Jul 2019 - 26 Jul 2022 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
ISLE OF WIGHT 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
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

THE NORTHERN TRUST

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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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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