Tender

Provision of Investment Services for OSPT

MINISTRY OF JUSTICE.

This public procurement record has 1 release in its history.

Tender

29 Jul 2019 at 07:47

Tender Notice
Summary of the contracting process

The Ministry of Justice is seeking tenders for the provision of Investment Services, a contract valued at £1,050,000. This opportunity is classified under financial and insurance services and is located in London, United Kingdom. The procurement process is currently in the tender stage, with the submission deadline set for 6th September 2019. The tendering method adopted is an open procedure, allowing participation from a broad range of suppliers.

This tender represents a significant opportunity for businesses proficient in investment management and financial advisory services. Companies that possess the necessary regulatory qualifications and a strong track record in providing management information and consolidated valuation reports will be well-suited to compete. Engaging in this tender could pave the way for future contracts, contributing to strategic growth and enhanced service offerings in the public sector.

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Notice Information

Notice Title

Provision of Investment Services for OSPT

Notice Description

This contract is for the provision of Investment Services for the Official Solicitor and for the Public Trustee. The business need is for the provision of investment advice to the Official Solicitor and to the Public Trustee in respect of their current estates and trusts and for future cases. The key requirements are: - Provision of investment advice by a fully qualified Investment Manager (whose activities are professionally regulated); - Provision of associated management information (MI) in line with the schedule set out in the below Management Information (MI) section; - Provision of monthly consolidated valuation reports; - The Investment Manager must provide a contract note for each sale or purchase at the point of transaction. The contract note shall be emailed to the relevant case manager; - The Investment Manager will accept all funds that are referred to the Investment Manager (without reference to the value of the Fund or otherwise); - Contribute to the stewardship accounts; - Must comply to the Trustee Act 2000

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e4fa5ff7-a49c-4103-8c1a-512ae8d4c1ff
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3332a6d8-9ce9-48e3-bada-3ace017b2822
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 (above 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
£1,050,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20196 years ago
Submission Deadline
6 Sep 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
3 Dec 2019 - 2 Dec 2022 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
MINISTRY OF JUSTICE.
Contact Name
Shauna Grant
Contact Email
shauna.grant@justice.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
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
TLI London
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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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