Award

Pensions Custody call off from National Frameworks Global Custody (NCCT40221)

LINCOLNSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

24 Jan 2019 at 12:51

Summary of the contracting process

The procurement process for the project titled "Pensions Custody call off from National Frameworks Global Custody (NCCT40221)" has been completed. This tender was initiated by the Lincolnshire County Council, located in Lincoln, England. The contract, which falls under the banking and investment services industry category (CPV code: 66100000), has a total value of £450,000. The procurement process involved a tender method and concluded with an award date of 3 January 2019, with the contract period set to run from 1 April 2019 to 1 April 2024.

This procurement presents significant opportunities for businesses in the financial services sector, particularly those specialising in custody, performance measurement, and investment accounting services. The awarded contract is currently held by Northern Trust, which suggests that firms with substantial experience and capacity in managing large pension fund assets will find this market particularly suitable for competition. As the contract will last for five years, it may be beneficial for other companies to explore collaboration or alternative service offerings to meet the needs of similar future tenders.

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Notice Title

Pensions Custody call off from National Frameworks Global Custody (NCCT40221)

Notice Description

Custody, Performance Measurement and Investment Accounting Services to the Lincolnshire Pension Fund

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d03cd9da-2e94-44ef-b7f0-ce3b51032f5c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/22dab040-3b25-4412-82d6-94027bcba140
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
£340,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jan 20197 years ago
Submission Deadline
31 Oct 2018Expired
Future Notice Date
Not specified
Award Date
3 Jan 20197 years ago
Contract Period
31 Mar 2019 - 1 Apr 2024 Over 5 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
LINCOLNSHIRE COUNTY COUNCIL
Contact Name
Jo Ray
Contact Email
jo.ray@lincolnshire.gov.uk
Contact Phone
+44 1522553656

Buyer Location

Locality
LINCOLN
Postcode
LN1 1YL
Post Town
Lincoln
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
Not specified

Local Authority
Lincoln
Electoral Ward
Carholme
Westminster Constituency
Lincoln

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST

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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