Award

Awarded Contract; Investment Service for OSPT

MINISTRY OF JUSTICE.

This public procurement record has 2 releases in its history.

TenderCancellation

13 Jan 2020 at 12:05

Award

13 Jan 2020 at 09:56

Summary of the contracting process

The Ministry of Justice has recently completed the procurement process for an awarded contract titled "Investment Service for OSPT," which entails the provision of investment advice. This contract falls under the financial and insurance services category and has a total value of £1,050,000. The open procurement method was used, and the contract period commenced on 4th December 2019, concluding on 3rd January 2022. While the tender period ended on 13th November 2019, the contract award was officially published on 13th January 2020, indicating the Ministry's commitment to transparent and effective financial management.

This procurement process presents significant opportunities for businesses looking to engage in financial services. Companies with expertise in investment advisory services, particularly those with a strong track record in public sector contracts, would be well-positioned to compete. Given the contract's substantial value, businesses able to demonstrate a robust understanding of the unique requirements for serving governmental entities will have a competitive edge. The open procedure encourages participation from a wide range of suppliers, expanding the market for businesses in this sector.

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Notice Title

Awarded Contract; Investment Service for OSPT

Notice Description

Provision of investment advice for OSPT

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f4cec434-2f56-4a08-92c7-f7f434548725
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bc683ba8-b499-45bd-b875-de060640355b
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open 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
£1,050,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,050,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jan 20206 years ago
Submission Deadline
13 Nov 2019Expired
Future Notice Date
Not specified
Award Date
2 Dec 20196 years ago
Contract Period
4 Dec 2019 - 3 Jan 2022 2-3 years
Recurrence
Not specified

Notice Status

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

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

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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