Published date: 28 September 2020

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 9 November 2020, 10am

Contract summary

Industry

  • Trust and custody services - 66160000

Location of contract

United Kingdom

Value of contract

£50,000,000

Procurement reference

NCCT42038

Published date

28 September 2020

Closing date

9 November 2020

Closing time

10am

Contract start date

9 February 2021

Contract end date

8 February 2025

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Norfolk Pension Fund, administered by Norfolk County Council, is seeking to establish a multi-provider framework agreement for the provision of Global Custody Services primarily in support of the local government pension scheme on its own behalf and on behalf of Cambridgeshire County Council, The City of Edinburgh Council, Essex County Council, Northamptonshire County Council, Hampshire County Council, Hertfordshire County Council, Suffolk County Council and Wolverhampton City Council.

The founder authorities named above wish to establish a multi-provider framework agreement for the provision of Global Custody Services to be available to all LGPS administering authorities and other bodies as defined in this OJEU contract notice, to provide national access to high-quality efficient and effective services at the best possible price.

The procurement involves the establishment of a framework agreement with several operators. The framework agreement will be in place for 4 years. Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond February 2035.

More information

Links

Additional text

This procurement will be managed electronically via the Council's eProcurement system. To participate in this procurement, applicants must first be registered on the system at https://in-tendhost.co.uk/norfolkcc. Full instructions for registration and use of the system can be found at https://in-tendhost.co.uk/norfolkcc/aspx/BuyerProfiles. Once registered you will be able to see the procurement project under the 'tenders' section and 'express an interest' to view the documentation. If you encounter any difficulties whilst using the system you can contact the InTend support team by phoning +44 8442728810 or emailing mail to: support@in-tend.co.uk?subject=TED (if you are already registered there is no need to re-register). The framework agreement is being let by Norfolk County Council as the contracting authority. Norfolk County Council is working jointly with the following authorities, who have expressed an intention to procure services under the framework (including itself):

- Cambridgeshire County Council (as administering authority of the Cambridgeshire Pension Fund)
- City of Edinburgh (as Administering Authority of the Lothian Pension Fund)
- Essex County Council (as administering authority of the Essex Pension Fund)
- Northamptonshire County Council (as administering authority of the Northamptonshire Pension Fund)
- Hampshire County Council
- Hertfordshire County Council (as administering authority of the Hertfordshire Pension Fund)
- Suffolk County Council (as administering authority of the Suffolk Pension Fund)
- Wolverhampton City Council (as administering authority of the West Midlands Pension Fund)

In addition to those listed above, the framework may also be used by:

- any LGPS administering authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the firefighters' pension scheme and police pension schemes and any of their participating employing authorities, or in relation to the LGPS in Scotland, any administering authority and any of their Scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended);

- NILGOSC in Northern Ireland and employing authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 (SRNI 2014/188) (as amended);

- the Board of the Pension Protection Fund (http://www.pensionprotectionfund.org.uk);

- any other administering authority or organisation of a public sector pension scheme or any public sector body or that requires pension related services;

- any common asset pool or collective investment vehicle established by or on behalf of an administering authority or group of administering authorities; or

- any bodies, organisations or companies established by them for the purpose of operating on a collective basis.

About the buyer

Contact name

Julie Ward

Address

Martineau Lane
NORWICH
NR12DH
England

Email

sourcingteam@norfolk.gov.uk