Award

Global Custody Services

FIFE COUNCIL

This public procurement record has 1 release in its history.

Award

30 Mar 2026 at 00:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

Fife Council has successfully completed a procurement process to appoint Northern Trust as the contractor for the provision of Global Custody Services, designated under the CPV classification 66122000. This award falls under the services category and was procured using an open procedure, with all stages now complete as of 30 March 2026. Located in Glenrothes, Fife, the contract will be administered throughout the region. The procurement aligns with the LGPS Framework Agreement NCCT42038 through a mini-competition led by Edinburgh City Council. The contract is valued at £140,000 and was signed on 27 February 2026.

This procurement presents significant opportunities for businesses operating within the financial services industry, particularly those capable of delivering global custody services to local governmental bodies. The framework agreement provides a collaborative environment, which may encourage large-scale financial organisations or those experienced in handling public sector contracts to participate. Companies focused on public order and safety, housing, and community amenities in Scotland stand well-positioned to benefit from engaging in similar opportunities within the region. Despite the demand for large-scale capabilities, businesses expanding their footprint in public services could leverage collaborations such as Edinburgh City Council's mini-competition, fostering potential partnerships and growth within the UK market.

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Notice Information

Notice Title

Global Custody Services

Notice Description

Fife Council is appointing a Contractor capable of meeting the needs of the Council in respect of provision of Global Custody Services

Lot Information

Lot 1

Fife Council is appointing a contractor capable of meeting the needs of the Fife Pension Fund in relation to provision of Global Custody Services. Edinburgh City Council conducted a collaborative mini-competition CT1455, which included participation from the Fife Pension Fund. This award is being made in accordance with the outcome of that mini-competition and is fully compliant with the terms and conditions of the LGPS Framework Agreement NCCT42038 - Global Custody Services Framework.. Edinburgh City Council conducted a collaborative mini-competition CT1455, which included participation from the Fife Pension Fund. This award is being made in accordance with the outcome of that mini-competition and is fully compliant with the terms and conditions of the LGPS Framework Agreement NCCT42038 - Global Custody Services Framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000825439
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR552807
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£140,000 £100K-£500K

Notice Dates

Publication Date
30 Mar 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 Feb 20261 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FIFE 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
GLENROTHES
Postcode
KY7 5LT
Post Town
Kirkcaldy
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM01 Clackmannanshire and Fife
Delivery Location
TLM72 Clackmannanshire and Fife
Local Authority
Fife
Electoral Ward
Glenrothes Central and Thornton
Westminster Constituency
Glenrothes and Mid Fife

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST

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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