Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Local Pensions Partnership Investments Ltd
1 Finsbury Avenue
London
EC2M2PF
UK
Contact person: Tom Richardson
E-mail: tom.richardson@lppi.co.uk
NUTS: UKI31
Internet address(es)
Main address: https://www.localpensionspartnership.org.uk/Investment-management
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Internal Audit
II.1.2) Main CPV code
79212200
II.1.3) Type of contract
Services
II.1.4) Short description
The FCA authorised and regulated asset management firm Local Pensions Partnership Investments Ltd seeks to award a contract for Internal Audit and Assurance under Lot 1 of the Crown Commercial Service's Audit and Assurance Services Framework Agreement RM6188.
The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards.
The Supplier to Local Pensions Partnership Investments Ltd will provide:
• Assurance on governance, risk management and controls including but not limited to IT, finance, commercial, human resources, facilities management, policy development and operations
• Advice and guidance on internal audit
• Development of internal audit strategy and methodologies
• Outsourced internal audit services
• Specialist services covering Finance including treasury management
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
450 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKD
UKI
II.2.4) Description of the procurement
The FCA authorised and regulated asset management firm Local Pensions Partnership Investments Ltd seeks to award a contract for Internal Audit and Assurance under Lot 1 of the Crown Commercial Service's Audit and Assurance Services Framework Agreement RM6188.
The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards.
The Supplier to Local Pensions Partnership Investments Ltd will provide:
• Assurance on governance, risk management and controls including but not limited to IT, finance, commercial, human resources, facilities management, policy development and operations
• Advice and guidance on internal audit
• Development of internal audit strategy and methodologies
• Outsourced internal audit services
• Specialist services covering Finance including treasury management
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation
In accordance with the process detailed in framework schedule 7, LPPI Ltd is making a direct award to Deloitte LLP to provide Internal Audit and Assurance under Lot 1 of the Crown Commercial Service (CCS) Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Direct Award is made on the basis that the Buyer has determined that the deliverables can be met by Deloitte LLP as set out in Framework schedule 1 and Framework schedule 2. The Buyer's statement of requirements was assessed against the Suppliers' catalogues and it was established that the from the Suppliers assessed as able to provide the services, the most economically advantageous solution was provided by Deloitte LLP.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
29/04/2022
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Deloitte LLP
London
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 450 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Local Pensions Partnership Investments Ltd
London
UK
VI.5) Date of dispatch of this notice
29/04/2022