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Public Contracts Scotland verified 1 month ago Contract award

Global Custody Services

Awarded United Kingdom Financial & insurance services

Buyer Fife Council

€163,284 awarded value

Key facts

Awarded
Procedure
Open procedure Anyone may submit a bid, in one step, with no pre-selection. Full entry
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Awarded to

Northern Trust

Awarded value
€163,284
Record with this buyer
1 first contract from this buyer in the register

Summary

Machine-generated summary

Fife Council has awarded a contract for Global Custody Services, appointing a contractor capable of meeting the Council's needs in this area. The award was made to Northern Trust for a value of EUR 163,284.35, with the contract awarded on 2026-02-27. The award follows a collaborative mini-competition, CT1455, conducted by Edinburgh City Council under the LGPS Framework Agreement NCCT42038 Global Custody Services Framework, in which the Fife Pension Fund participated. The award is fully compliant with the terms and conditions of that framework agreement.

Timing

  1. Awarded
  2. Published

Description

Fife Council is appointing a Contractor capable of meeting the needs of the Council in respect of provision of Global Custody Services Award against framework: NCCT42038 Global Custody Services Framework Edinburgh City Council conducted a collaborative mini-competition CT1455, which included participation from the Fife Pension Fund. This award is being made in accordance with the outcome of that mini-competition and is fully compliant with the terms and conditions of the LGPS Framework Agreement NCCT42038 - Global Custody Services Framework. (SC Ref:825439)

Official source

Source: Public Contracts Scotland

Always verify details on the official notice.

Last verified against Public Contracts Scotland 1 month ago

Documents on Public Contracts Scotland (English)

Market

Financial & insurance services in United Kingdom

median award in this market
€142,796
More figures

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 186 awards for Financial & insurance services in United Kingdom.

This award
€163,284
Median award
€142,796
Middle half of past awards
€62,832 to €504,573

The award sits inside the usual range.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Market context

open now in Financial & insurance services
2,136
median open notice
€400,000

Who wins in this market

Many suppliers

United Kingdom · Financial & insurance services

different companies won awards here
147
of the awards went to the three most frequent winners
16%
buyers awarded contracts here
149

Based on 229 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

The buyer in figures

Fife Council

notices in the register
172
awards
123
awarded in total
€81.1M

Who wins its contracts

Many suppliers
different companies won its awards
109
of the awards went to the three most frequent winners
7%
of its calls state an estimated value
31%

Based on 118 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

Fife Council

United Kingdom

Awards most often to

  1. Hub East Central Scotland Limited 3 awards €6.5M
  2. MAN Truck & Bus UK Ltd 3 awards €445,203
  3. Boxxe Limited 2 awards €1.3M

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Awarded before

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