Award

Provision of Lord Chancellor's Common Investment Fund

MINISTRY OF JUSTICE

This public procurement record has 1 release in its history.

Award

21 Feb 2018 at 13:21

Summary of the contracting process

The Ministry of Justice executed a competitive tender process for the "Provision of Lord Chancellor's Common Investment Fund," within the banking and investment services industry. The tender aimed to appoint a fund manager to oversee investment vehicles for court funds, aiming to deliver reasonable returns to clients. The procurement concluded with an award date of 17 February 2017, with the contract starting on the same day and set to run until 17 February 2022. The total contract value was £23,000,000 and is applicable across multiple locations including the United Kingdom, British Overseas Territories, and Europe.

This tender presents significant opportunities for businesses in the financial services sector, particularly those specialising in fund management and investment strategy. Companies equipped to manage substantial investment portfolios and demonstrate a proven track record in delivering returns will be well-suited to compete in similar future tenders. The involvement of a government body like the Ministry of Justice also suggests a need for firms to exhibit compliance with regulatory standards, making it an ideal scenario for experienced financial institutions and asset management firms seeking to expand their public sector engagement.

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Notice Title

Provision of Lord Chancellor's Common Investment Fund

Notice Description

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

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fb620b15-2732-4bd3-8c16-d049f497a2fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/30a63c4b-ccfd-4c50-be38-153e7b201a21
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Other - Competitive Tender
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
£2,300,000 £1M-£10M
Lots Value
Not specified
Awards Value
£23,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Feb 20188 years ago
Submission Deadline
17 Feb 2017Expired
Future Notice Date
Not specified
Award Date
17 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

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
SW1H 9AJ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LEGAL & GENERAL INVESTMENT MANAGEMENT

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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