Tender

Review of Custody Arrangements

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

07 Feb 2020 at 16:01

Summary of the contracting process

The Wolverhampton City Council is seeking bids for a service contract titled "Review of Custody Arrangements," aimed at evaluating the current Custodian arrangements for the West Midlands Pension Fund. This procurement, classified under the industry category of financial and insurance services, is currently in the Tender stage, with bids due by 24 February 2020. The total contract value is £25,000, and the selected services will commence on 2 March 2020, concluding by 2 June 2020. The procurement follows an open procedure below the threshold, enabling broad participation.

This tender presents significant opportunities for businesses specialising in financial consultancy, custody services, or related sectors to engage with a notable public sector client. Firms that possess expertise in conducting service reviews, benchmarking analyses, and contractual assessments would be particularly well-suited to compete. Engaging with Wolverhampton City Council may allow these companies to showcase their capabilities, potentially leading to further collaborative opportunities within public procurement.

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Notice Title

Review of Custody Arrangements

Notice Description

This service agreement is to review West Midlands Pension Fund's existing Custodian arrangements which will cover a review of the current custody services provided. To conduct analysis and provide opinion, benchmarking them against industry peers, value for money benchmarking considerations, a review of the products and services supplied by the existing custodian, a contractual review, a service level agreement review and recommendations regarding the reviews carried out.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9cb38dc0-32b4-4ccc-beac-97a45c8b2a8f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a85d1ec3-7d4a-4fe2-80c9-9353ac70fed2
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£25,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Feb 20206 years ago
Submission Deadline
24 Feb 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Mar 2020 - 2 Jun 2020 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WOLVERHAMPTON CITY COUNCIL
Contact Name
Nav Sandhu
Contact Email
nav.sandhu@wolverhampton.gov.uk
Contact Phone
01902 558580

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1XP
Post Town
Wolverhampton
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)

Local Authority
Wolverhampton
Electoral Ward
Heath Town
Westminster Constituency
Wolverhampton North East

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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