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NRW/30180 Money Market Funds

Norwich City Council

This public procurement record has 1 release in its history.

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23 Sep 2026 at 19:45

UK7 - Contract Details Notice
Summary of the contracting process

Norwich City Council procured money market fund services: investment of council cash in money market funds to manage short-term cash and liquidity. The work is a financial service, specifically financial market operational services, delivered in the United Kingdom. The procurement has one lot and is intended for the council’s requirements. The named buyer is Norwich City Council.

The procurement is complete and the contract is active. Norwich City Council used limited competition below the applicable threshold. Royal London Asset Management was selected as supplier. The contract was signed on 4 December 2025 and runs from 4 December 2025 to 3 December 2030, with an extension limit of 3 December 2035. Its value is £50,000 excluding VAT (£60,000 including VAT). The competition was for a single lot. The available information does not state the evaluation criteria.

This award shows demand from Norwich City Council for money market fund services to support its cash and liquidity management. A credible competitor for a future requirement would need the ability to manage public-sector cash through money market funds and provide dependable financial market operations. The selected supplier, Royal London Asset Management, is identified as a large organisation, indicating that the awarded service went to an established asset manager. Firms with relevant investment-management expertise and capacity to handle a council’s cash-management requirements are the closest fit. The work is a focused financial services requirement rather than a broad council-services contract; suppliers without money market fund capabilities are unlikely to be well matched.

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Notice Information

Notice Title

NRW/30180 Money Market Funds

Notice Description

Procurement of Money Market Funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-07790a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/090345-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66151000 - Financial market operational services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£50,000 Under £100K

Notice Dates

Publication Date
23 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Dec 2025 - 3 Dec 2030 Over 5 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
Norwich City Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORWICH
Postcode
NR2 1NH
Postcode Area
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Mancroft
Westminster Constituency
Norwich South

Supplier Information

Number of Suppliers
1
Supplier Name

Royal London Asset Management

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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