Award

Awarded Contract - Provision of Lord Chancellor's Common Investment Fund

MINISTRY OF JUSTICE.

This public procurement record has 1 release in its history.

Award

20 Nov 2019 at 14:52

Award Notice
Summary of the contracting process

The public procurement process detailed here involved the Ministry of Justice, which sought a fund manager to provide and manage investment vehicles for funds in court under the title "Awarded Contract - Provision of Lord Chancellor's Common Investment Fund." This contract falls within the financial and insurance services industry category. The procurement method utilised was a selective approach through a restricted procedure, with an award amount of £2,000,000. The contract period commenced on 18 February 2017 and concluded on 17 February 2022, following a tender period that ended on 12 August 2016.

This opportunity could be advantageous for large financial management firms that possess the capability to handle significant investment portfolios, particularly in the context of court-managed funds. Companies with expertise in delivering tailored financial solutions and a proven track record in the public sector would be well-positioned to explore similar future tenders in the evolving procurement landscape, particularly within government contracts that require stringent compliance and effective fund management strategies.

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Notice Information

Notice Title

Awarded Contract - Provision of Lord Chancellor's Common Investment Fund

Notice Description

Appoint a fund manager who can provide and manage investment vehicles for funds in court, providing a reasonable return for all clients.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c2ea42bf-3bac-4df3-af1c-798468d611e3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/42ca5469-2e90-437a-b0c3-e1b5ee1d6594
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Nov 20196 years ago
Submission Deadline
12 Aug 2016Expired
Future Notice Date
Not specified
Award Date
3 Feb 20179 years ago
Contract Period
18 Feb 2017 - 17 Feb 2022 Over 5 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 JUSTICE.
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
LS1 4AP
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

LEGAL & GENERAL INVESTMENT MANAGEMENT

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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