Contract notice
Section I: Contracting
authority
I.1) Name and addresses
London LGPS CIV Ltd
59½ Southwark Street
London
SE1 0AL
UK
Contact person: Philip Burns, Procurement Lead, Alpha FMC
Telephone: +44 2077969300
E-mail: Philip.burns@alphafmc.com
NUTS: UK
Internet address(es)
Main address: http://www.londoncouncils.gov.uk/pensionsciv
Address of the buyer profile: http://www.londoncouncils.gov.uk/pensionsciv
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
http://www.londontenders.org
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
http://www.londontenders.org
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
London CIV Investments and Investment Oversight System
Reference number: DN324784
II.1.2) Main CPV code
48000000
II.1.3) Type of contract
Services
II.1.4) Short description
London CIV is seeking a long term partner organisation to implement an Investments and Investment Oversight (“IIO”) software tool which will provide the core capabilities necessary to deliver its value proposition effectively. This includes the provision of a tool that will facilitate manager selection, investment manager oversight (risk, performance, guideline compliance etc.), fund rebalancing and scenario analysis, and managing or overseeing associated operational processes including risk, performance measurement, and asset life cycle processes.
II.1.5) Estimated total value
Value excluding VAT:
1 650 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
48100000
66100000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
London LGPS CIV Limited (“London CIV” or “LCIV”) is a Local Government Pension Scheme (LGPS) pool responsible for pooling the investments of 32 London Local Authority (LLAs) pension funds, formed to significantly reduce costs while delivering enhanced overall investment performance. The strategic objectives of LCIV are to deliver cost savings, provide a broader range of investment opportunities, provide transparency and improved investment outcomes.
In support of these strategic objectives, London CIV is seeking a long term partner organisation to implement an Investments and Investment Oversight (“IIO”) software tool which will provide the core capabilities necessary to deliver its value proposition effectively. This includes the provision of a tool that will facilitate manager selection, investment manager oversight (risk, performance, guideline compliance etc.), fund rebalancing and scenario analysis, and managing or overseeing associated operational processes including risk, performance measurement, and asset life cycle processes.
Erational processes including risk, performance measurement, and asset life cycle processes.
The contract will be for 3 years with a possible 2 year extension.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
1 650 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
LCIV can take an option to extend the contract by 2 years subject to satisfactory performance.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged number of candidates: 3
Objective criteria for choosing the limited number of candidates:
Up to 3 to be invited to submit Invitations to Participate in Negotiation and up to 3 to be invited to submit Invitations to Submit Final Tenders. LCIV reserves the right to take forward more than 3 candidates at both stages.
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
No
II.2.12) Information about electronic catalogues
Tenders must be presented in the form of electronic catalogues or include an electronic catalogue
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 III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
Information and formalities necessary for evaluating if the requirements are met:
Potential service providers will be assessed on the basis of information provided in response to an Invitation to Participate in Dialogue.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive procedure with negotiation
IV.1.4) Information about reduction of the number of solutions or tenders during negotiation or dialogue
Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated
IV.1.5) Information about negotiation
The contracting authority reserves the right to award the contract on the basis of the initial tenders without conducting negotiations
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
21/03/2018
Local time: 12:00
IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date:
19/02/2018
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
Yes
Estimated timing for further notices to be published:
Estimated timing for further notices to be published: subject to political, organisational and funding at the time it is envisaged to have a similar arrangement in place for 2023 at the latest subject to the use of extension clause.
VI.4) Procedures for review
VI.4.1) Review body
London LGPS CIV Ltd
59½ Southwark Street
London
SE1 0AL
UK
Internet address(es)
URL: https://londonciv.org.uk/
VI.5) Date of dispatch of this notice
19/02/2018