Section one: Contracting authority
one.1) Name and addresses
Norfolk County Council (As Administering Authority for Norfolk Pension Fund)
Martineau Lane
NORWICH
NR12DH
Country
United Kingdom
NUTS code
UKH15 - Norwich and East Norfolk
Internet address(es)
Main address
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of Global Custody Services for Norfolk Pension Fund
Reference number
NCCT42163
two.1.2) Main CPV code
- 66160000 - Trust and custody services
two.1.3) Type of contract
Services
two.1.4) Short description
Norfolk County Council undertook a Further Competition under the National LGPS Multi-Provider Framework Agreement NCCT42038 for the provision of Global Custody Services.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £500,000
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKH15 - Norwich and East Norfolk
two.2.4) Description of the procurement
Norfolk County Council undertook a Further Competition from the National LGPS Multi-Provider Framework Agreement NCCT42038 for the provision of Global Custody Services.
two.2.5) Award criteria
Quality criterion - Name: Pre-evaluated Technical Capabilities / Weighting: 40
Quality criterion - Name: On-line System / Weighting: 12
Quality criterion - Name: Client Service Team / Weighting: 8
Quality criterion - Name: Reporting / Weighting: 12
Quality criterion - Name: Transition/Onboarding / Weighting: 8
Price - Weighting: 20
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
Explanation:
This was a further competition under the National LGPS Multi-Provider Framework Agreement for the Provision of Global Custody Services NCCT42038
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
Section five. Award of contract
Contract No
NCCT42163
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 June 2021
five.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 0
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
The Northern Trust Company
London
Country
United Kingdom
NUTS code
- UKI - London
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £500,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Norfolk County Council
Norwich
Country
United Kingdom
six.4.3) Review procedure
Precise information on deadline(s) for review procedures
The Public Contracts Regulations 2015 (as amended) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern EN Standard form 02 - Contract Notice 12/19 Ireland). Proceedings must be brought within 30 days from the date of knowledge (the date on which the economic operator first knew or ought to have known that grounds for starting the proceedings had arisen) unless the Court considers that there is good reason for extending the period within which proceedings may be brought, in which case the Court may extend that period up to a maximum of 3 months from the date of knowledge.