📑UK Bond investment management services to the Northumberland County Council pension fund.
Procurement process summary
This process is to purchase UK Bond investment management services to the Northumberland County Council pension fund.
This contract was awarded by 🇬🇧 Northumberland County Council for an amount of GBP 1,050,000 to 1 supplier. It was published on 2011-04-14 through selective
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
Buying entity🇬🇧 Northumberland County Council Buying unitnot reported Publication date2011-04-14 Contest statusnot reported DescriptionNorthumberland County Council is the statutory administering authority for the Northumberland County Council Pension Fund. It has delegated its responsibility for determining investment policy and monitoring performance to the Pension Fund Panel. In February 2010 the Pension Fund Panel resolved to undertake a search for a specialist active UK bond investment manager to manage 10 % of the Pension Fund.Awards
This award was granted to Wellington Management International Ltd by Northumberland County Council for an amount of GBP 1,050,000. The procurement process was conducted through selective for the category of services. The award was granted on 2011-03-01. This is award number 1.
| Supplier | Amount | Award date | Award number |
|---|---|---|---|
| 🇬🇧 Wellington Management International Ltd | GBP 1,050,000 | 2011-03-01 | 1 |
Market context and opportunities
The execution of this contract allows the entity Northumberland County Council to fulfill its public service objectives efficiently.
The selective purchase modality ensures that the process is transparent and compliant with regulations.
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
This transparency in public procurement promotes fair competition, prevents corruption, and ensures that public resources are used efficiently for the benefit of citizens.
Additional data
Contract NumberUK_ocds-70d2nz-a0b66f4c-8b16-4fe4-bf33-af201d1ddc7d-award-1Publication date2011-04-14Contract datenot reportedAward date2011-03-01CategoriesservicesPurchase modalityselectiveMethod detailspt_restrictedStatusnot reportedData sources
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