---
title: "WSCC and IOWC TH - Global Custody Services - AWARD"
ocid: "ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WEST SUSSEX COUNTY COUNCIL"
published: "2021-02-15"
---

# WSCC and IOWC TH - Global Custody Services - AWARD

Buyer: WEST SUSSEX COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24

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## Summary

The procurement process for Global Custody Services has been concluded, with West Sussex County Council (WSCC) as the buying organisation. This tender, titled "WSCC and IOWC TH - Global Custody Services," falls within the services industry category, specifically under trust and custody services. The procurement was carried out via a selective method, utilising a restricted procedure. The award took place on 26th July 2019, with the contract lasting until 26th July 2021. The main contractor, Northern Trust, has been appointed to manage services for both WSCC and the Isle of Wight Council, indicating a significant collaboration between these local authorities.

This awarding of the contract represents a substantial opportunity for businesses in the financial services sector, particularly those specialised in custody services, pension fund management, and related consulting services. Companies with experience in managing large investment funds and those equipped to handle the complexities of trust services would be particularly well-suited to compete for similar tenders in the future. The contract value of £210,000 further illustrates the financial significance of such procurement processes, which can foster growth for businesses that respond to these opportunities effectively.

## Notice

This procurement seeks to appoint a contractor to provide services on behalf of West Sussex County Council (WSCC) and the Isle of Wight Council (IOWC) for Global Custody Services. The total business for both Councils will be awarded to one sole provider, however; each Council will have its own unique contract with the successful provider.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e12ee12a-5743-4a2e-b7a1-f18336f518b7 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Feb 2021 |
| Submission deadline | 8 Mar 2019 |
| Future notice date | Not specified |
| Award date | 25 Jul 2019 |
| Contract period | 26 Jul 2019 - 26 Jul 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £210,000 |
| Lots value | Not specified |
| Awards value | £210,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WEST SUSSEX COUNTY COUNCIL |
| Locality | WEST SUSSEX |
| Post town | Portsmouth |
| Postcode | PO19 1RQ |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ2 Surrey, East and West Sussex |
| ITL 3 | TLJ27 West Sussex (South West) |
| Local authority | Chichester |
| Electoral ward | Chichester Central |
| Westminster constituency | Chichester |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NORTHERN TRUST |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66160000 - Trust and custody services
- 66162000 - Custody services
- 66520000 - Pension services
- 66522000 - Group pension services
- 66523000 - Pension fund consultancy services

## Release History

- 15 Feb 2021 at 16:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e12ee12a-5743-4a2e-b7a1-f18336f518b7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e12ee12a-5743-4a2e-b7a1-f18336f518b7
  15th February 2021 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-94d2c6f0-1846-44f9-baa7-87c62e4a4b24.json.