Award

Provision of Fuel Hedging Services For Ministry of Defence

MINISTRY OF DEFENCE

This public procurement record has 1 release in its history.

Award

21 Mar 2017 at 16:58

Award Notice
Summary of the contracting process

The Ministry of Defence has successfully completed the procurement process for the Provision of Fuel Hedging Services through a selective tendering method. The contract, valued at £18,000,000, was awarded to Goldman Sachs International and covers the provision of financial markets administration services in the South West region of the United Kingdom. The tender period concluded on 27th February 2017, with the contract commencing on 1st March 2017 and running until 29th February 2020.

This tender presents significant opportunities for businesses specialising in financial services, particularly those focusing on fuel hedging and related financial market strategies. Small and medium-sized enterprises (SMEs) are encouraged to explore similar tenders in the future, as the procurement process explicitly supports their participation. Companies that offer innovative financial solutions or trading expertise will find a favourable environment to compete for such public contracts in the future.

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Notice Information

Notice Title

Provision of Fuel Hedging Services For Ministry of Defence

Notice Description

Provision of Fuel Hedging Services For The Ministry of Defence

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b0ee2f5c-a3f0-4572-a089-f67f8ff5d205
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6d234246-f1cc-4014-992d-bc081d48d472
Current Stage
Award
All Stages
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
1
Supplier Name

GOLDMAN SACHS INTERNATIONAL

Further Information

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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