This public procurement record has 1 release in its history.

Summary of the contracting process

Dumfries and Galloway Council procured pension fund investment advisory services for its pension fund. The work is located in Dumfries and Galloway. This is a specialist financial advisory requirement, rather than a purchase of goods or a works contract.

The procurement has been awarded following an open procedure. Hymans Robertson LLP was selected as supplier for the single lot. The contract value is £297,900.58. The contract was signed on 1 July 2021 and is recorded as active. Two bids were received, both from small and medium-sized enterprises.

For firms advising pension funds, this award shows demand from Dumfries and Galloway Council for specialist investment advice. A credible competitor when this requirement returns would need to demonstrate relevant pension fund investment advisory capability and the capacity to advise a public-sector fund. The selected supplier is an SME, showing that the work was awarded to a specialist firm rather than necessarily requiring the scale of a large consultancy. This is a focused opportunity for investment advisory businesses with experience relevant to pension fund clients.

How relevant is this notice?

Notice Information

Notice Title

Pension Fund Investment Advisor

Notice Description

Pension Fund Investment Advisor

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000844556
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT565736
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£297,900 £100K-£500K

Notice Dates

Publication Date
1 Oct 20266 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
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
Dumfries and Galloway 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
DUMFRIES
Postcode
DG1 2HP
Postcode Area
Dumfries and Galloway
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM92 Dumfries and Galloway
Delivery Location
TLM92 Dumfries and Galloway

Local Authority
Dumfries and Galloway
Electoral Ward
Nith
Westminster Constituency
Dumfries and Galloway

Supplier Information

Number of Suppliers
1
Supplier Name

Hymans Robertson LLP

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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