Published date: 12 April 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 26 January 2018

Contract summary

Industry

  • Pension services - 66520000

  • Government employee pension schemes - 75320000

Location of contract

North West

Value of contract

£1,500,000

Procurement reference

CR/CORP/LCC/17/605 - award notice

Published date

12 April 2018

Closing date

26 January 2018

Contract start date

1 April 2018

Contract end date

31 March 2021

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

This procurement is to establish a single provider contract agreement for custodian services to LCPF (Lancashire County Pension Fund.) LCPF is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc.
Current annual value of contract estimated at £250,000 per annum but total contract value estimated to be between £900,000 and £2,100,000 over the enire contract period (including possible extensions).

More information

Previous notice about this procurement

LPS CORP - Provision of Pension Fund Custodian Services To Lancashire County Council

  • Opportunity
  • Published 19 December 2017, last edited 19 December 2017

Links

Additional text

Please note: The contract end-date is scheduled for 31st March 2021, with an option to extend for a further three years maximum.

The estimated contract value range is between £900,000 and £2,100,000.

Additional contact email: contractscorporate@lancashire.gov.uk

Award information

Awarded date

9 April 2018

Contract start date

16 April 2018

Contract end date

15 April 2021

Total value of contract

£1,500,000

This contract was awarded to 1 supplier.

The Northern Trust Company

Address

50 Bank Street London Canary Wharf E14 5NT

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Chris Ridings

Address

2nd Floor, Christ Church Precinct
County Hall
Preston
PR1 8XJ
England

Telephone

01772 539403

Email

christopher.ridings@lancashire.gov.uk