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ID 4973874 - DoJ - NICTS - Independent Investment Advisory Service for Court Funds Office

Financial and insurance services
Financial consultancy
financial transaction processing and clearing-house services
+5 more
Northern Ireland (UKN)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Northern Ireland Courts and Tribunals Service: "ID 4973874 - DoJ - NICTS - Independent Investment Advisory Service for Court Funds Office". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityNorthern Ireland Courts and Tribunals ServiceScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Northern Ireland Courts and Tribunals Service
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Northern Ireland Courts and Tribunals Service. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
2Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 1 active published awards; 1 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityNorthern Ireland Courts and Tribunals Service
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published11 Mar 2024, 15:31 GMT
Last source update11 Mar 2024, 15:31 GMT
Recurring procurementNot published
ClassificationFinancial and insurance services, Financial consultancy, financial transaction processing and clearing-house services, Financial market regulatory services, Financial markets administration services, Investment banking services and related services, Portfolio management services, Trust and custody services
Delivery area
Northern Ireland (UKN)
OCIDocds-h6vhtk-0424e7
What is being bought
The Northern Ireland Court Funds Office (CFO) is an office within the Northern Ireland Courts and Tribunals Service (NICTS), an Agency of the Department of Justice (DOJ). The function of CFO is to administer and manage funds which are brought under court control for a variety of reasons. These include: • where money is awarded to a minor in a civil action; • where a person (a patient) is deemed to be incapable of managing their financial affairs because of mental incapacity; • where monies are lodged in satisfaction or against costs as a token of intention to proceed with litigation. CFO appoints an Investment Manager (the Manager) to provide professional investment management services in relation to the investment of these funds. The service includes making investment recommendations for a client’s funds according to the circumstances of the case, operating a sponsored CREST membership for CFO and processing investment transactions as directed. This service is an advisory service only, as funds can only be invested on the direction of the court. Currently, the role of CFO is overseen by the Court Funds Judicial Liaison Group (JLG), which comprises the Accountant General, members of the judiciary and independent members. The purpose and scope of the contract is to ensure that the quality of advice provided by the Manager is adequately assessed and investment recommendations made in respect of CFO clients are robustly challenged. Please refer to the document entitled ID 4973874 Specification for further information.
What changed
From the official release history
  1. tender value changed
    11 Mar 2024, 15:31 GMT
  2. Status changed to complete
    11 Mar 2024, 15:31 GMT
  3. Official notice release published
    11 Mar 2024, 15:31 GMT
  4. Submission deadline changed to published date
    11 Mar 2024, 15:31 GMT
  5. Buyer information updated
    11 Mar 2024, 15:31 GMT
  6. Published value updated to £360,000
    12 Dec 2023, 12:52 GMT
  7. Status changed to active
    12 Dec 2023, 12:52 GMT
  8. Official notice release published
    12 Dec 2023, 12:52 GMT
  9. Submission deadline changed to 26 Jan 2024, 15:00 GMT
    12 Dec 2023, 12:52 GMT
  10. Buyer information updated
    12 Dec 2023, 12:52 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The Northern Ireland Court Funds Office (CFO) is an office within the Northern Ireland Courts and Tribunals Service (NICTS), an Agency of the Department of Justice (DOJ). The function of CFO is to administer and manage funds which are brought under court control for a variety of reasons. These include: • where money is awarded to a minor in a civil action; • where a person (a patient) is deemed to be incapable of managing their financial affairs because of mental incapacity; • where monies are lodged in satisfaction or against costs as a token of intention to proceed with litigation. CFO appoints an Investment Manager (the Manager) to provide professional investment management services in relation to the investment of these funds. The service includes making investment recommendations for a client’s funds according to the circumstances of the case, operating a sponsored CREST membership for CFO and processing investment transactions as directed. This service is an advisory service only, as funds can only be invested on the direction of the court. Currently, the role of CFO is overseen by the Court Funds Judicial Liaison Group (JLG), which comprises the Accountant General, members of the judiciary and independent members. The purpose and scope of the contract is to ensure that the quality of advice provided by the Manager is adequately assessed and investment recommendations made in respect of CFO clients are robustly challenged. Please refer to the document entitled ID 4973874 Specification for further information.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    11 Mar 2024, 15:31 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 8 Mar 2024, 00:00 GMT · £360,000
Commercial outcome and competition
Awards
Information withheld for security reasons
Not published · Not published · active
Contracts
Independent Investment Advisory Service for Court Funds Office
£360,000 · signed 8 Mar 2024, 00:00 GMT · active
Bid statistics
bids: 2 (lot 1)
electronicBids: 2 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 1 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

Northern Ireland Courts and Tribunals Service

Contracting authority GB-FTS-107380
View buyer profile

  • Northern Ireland Courts and Tribunals Service
    buyer
    centralPurchasingBody

    c/o Construction and Procurement Delivery, 303 Airport Road West, Belfast, UK, BT3 9ED
    justice.cpd@finance-ni.gov.uk

  • Information withheld for security reasons
    supplier

    Information withheld for security reasons, UK, BT3 9ED
    justice.cpd@finance-ni.gov.uk

  • The UK does not have any such bodies with responsibility for appeal/mediation procedures. Instead; any challenges are dealt with by the High Court, Commercial Division, to which proceedings may be issued regarding alleged breaches of the PCR 2015 as amended.
    reviewBody

    N/A
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published