Award

Investment Consultant Services 1 October 2024 - 30 September 2025

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 1 release in its history.

Award

09 Jun 2025 at 13:37

UK7 - Contract Details Notice
Summary of the contracting process

The procurement process for "Investment Consultant Services 1 October 2024 - 30 September 2025" has been completed by the buying organisation, The Mayor and Commonalty and Citizens of the City of London. This contract falls within the financial consultancy services industry category and is located in the City of London, UK. The project involved investment consultancy services for a financial investment portfolio, awarded directly to Mercer Limited. The procurement method was direct, under a scheme designed for below-threshold contracts without competition, indicating a negotiated agreement with the existing supplier under the National LGPS Framework. Notable dates include the contract period starting on 1st October 2024 and concluding on 30th September 2025, with the contract signed on 30th September 2024.

This tender offers businesses in the financial consultancy sector, particularly those providing investment advisory services, a valuable case study for growth opportunities through direct contracting. Although awarded without competition, the agreement showcases the potential for continued collaborative partnerships with public authorities. Organisations familiar with public funds management and possessing extensive expertise in financial consultancy are best positioned for similar opportunities, demonstrating their capability to secure contracts under national frameworks like the LGPS. Exploring similar contractual frameworks and nurturing relationships with governmental bodies can facilitate business expansion in this lucrative market segment.

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Notice Information

Notice Title

Investment Consultant Services 1 October 2024 - 30 September 2025

Notice Description

Investment consultancy services for the financial investment portfolio. The City has an existing contract in place with Mercer, contracted under the National LGPS Framework

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-054569
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030987-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£82,000 Under £100K

Notice Dates

Publication Date
9 Jun 20258 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Sep 20241 years ago
Contract Period
30 Sep 2024 - 4 Oct 2025 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Not specified
Contact Email
ajibola.akingbade@cityoflondon.gov.uk
Contact Phone
020 7606 3030

Buyer Location

Locality
CITY OF LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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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