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Published 12 Jan 2024, 14:33 GMT

Official UK procurement notice

Global Custodian and Investment Accounting Services

Official notice

Authority: POOL REINSURANCE COMPANY LIMITED·Consortium: 2 public authorities

2 lotsServicesOpen procedureMax 2 lots per supplier
Sectors: Financial and insurance services (66) Delivery: UK
Awarded value£4,011,3502 contracts · exc. VAT
Submissions closed 16 Feb 2024awarded 13 Dec 2024
Awarded to JPMORGAN CHASE BANK, N.A., LONDON BRANCH, Clearwater Analytics, LLC2 awards

What is being bought2 lots · detail below

Published requirement description

Pool Re is awarding two suppliers for the provision of global custodian and

investment accounting services for its investment fund.

The procurement was structured in two individual lots: Lot 1) Provision of global

custodian services; Lot 2) Provision of investment accounting services.

  • Recurrence: 2028

CPV: Financial and insurance services

Lots and requirements (2)Procurement structure

2 lots · no lot values published · win at most 2 of them
Lot #1Global CustodianAwardedRenewal
Delivery: UK
Extensions: The Initial Term of the Contract is 5 years. Pool Re may extend the term for 5 additional periods of up to 12 months. · The Initial Term of the Contract is 5 years. Pool Re may extend the term for 5 additional periods of up to 12 months.Variant bids: not allowed
66000000 Financial and insurance services
Lot #2Provision of Investment AccountingAwardedRenewal
Delivery: UK
Extensions: The Initial Term of the Contract is 5 years. Pool Re may extend the term for 5 additional periods of up to 12 months. · The Initial Term of the Contract is 5 years. Pool Re may extend the term for 5 additional periods of up to 12 months.Variant bids: not allowed
66000000 Financial and insurance services

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes · 2028
First published
12 Jan 2024, 14:33 GMT
Last source update
27 Dec 2024, 12:19 GMT
Award evaluation window
16 Feb 2024 – …
Authority reference
PRE00132
FTS notice number
2024/S 000-041564
Classification (CPV)
Financial and insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-042cbb Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic payment

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
Submission deadline
16 Feb 2024, 14:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bid validity
180 days from the deadline
Bids opened
16 Feb 2024, 14:00 GMT
Detailed submission instructions & authority contactsFrom official release

poolre.ukp.app.jaggaer.com ↗

Timeline

16 Feb 2024 → 27 Dec 2024 · 3 dates
  1. Submission deadline
    16 Feb 2024, 14:00 GMT
  2. Bids opened
    16 Feb 2024, 14:00 GMT
  3. Notice published
    27 Dec 2024, 12:19 GMT

Notice history

2 events · 2 releases on Find a Tender · since 27 Dec 2024
  1. Status changed to complete
    27 Dec 2024, 12:19 GMT
  2. Buyer details updated
    27 Dec 2024, 12:19 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 2
Awarded value £4,011,3502 contracts exc. VAT
Bids received 10
Contracts signed 2latest 13 Dec 2024
Awarded toValueDateStatus
Lot 1 · Global Custodian1 award
JPMORGAN CHASE BANK, N.A., LONDON BRANCHGlobal Custody Agreement£2,261,350 †—Awarded
Lot 2 · Provision of Investment Accounting1 award
Clearwater Analytics, LLCProvision of Investment Accounting Services£1,750,000 †—Awarded

Contracts

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Global Custodian4bids———
2 · Provision of Investment Accounting6bids———

Contracting authority & participating public bodies

2 public bodies on the notice

POOL REINSURANCE COMPANY LIMITED

Contracting authorityBody governed by public lawEconomic affairs Equitable House, 47 King William St, London, UK, EC4R 9AFContact name, email

Dispute resolution & review bodies

  • Royal Court of JusticeReview body London

Bidders & participating suppliers

2 commercial parties on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.