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Contract Award Notice

A multi-lot, multi-provider Framework Agreement for the provision of Transition Management and Imple

  • First published: 21 February 2018
  • Last modified: 21 February 2018
  • Version: N/A
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To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
Published by:
Norfolk County Council
Authority ID:
AA0071
Publication date:
21 February 2018
Deadline date:
-
Notice type:
Contract Award Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

To provide a wide range of services in relation to Transition and Implementation Services, including but not limited to:

— provision of strategic transition planning advice to clients including where economies of scale might best be obtained, risk minimised and returns maintained or enhanced during transition,

— provision of transition risk analysis and risk management advice,

— provision of project management support throughout the transition process,

— provision of transition management services to a new manager with the same destination portfolio (e.g. UK active equity to UK active equity) across a range of asset types,

— provision of transition management services to a new manager with a different end mandate (e.g. passive UK equity to global active equity mandate) across a range of asset types, including the ability to manage and or arrange the execution of equities and fixed Income assets, and the ability to instruct execution and/or payments on behalf of the client,

— provision of interim portfolio management (for up to 6 months) where changes need to be made at short notice where the target portfolio is not yet known, available for new clients or ready to launch,

— the provision of temporary custody where required,

— provision of cost-effective foreign exchange management during the transition of overseas assets, including forex hedging and netting where possible/applicable,

— provision of assistance in minimising the effects of performance drag from holding cash (for the purposes of managing expenses, cash flows and collateral) during transition through the smart management of cash over a prolonged period,

— provision of assistance in the management of cost-effective, high quality execution of transition-related trades through the monitoring/delivery of trading activity,

— provision of detailed, transparent transition cost information and, where required, attribution between pool participants,

— ability to identify cross-pool efficiency opportunities and willingness to co-operate across LGPS pools as required,

— attendance at meetings as required by clients.

Full notice text

Contract award notice

Results of the procurement procedure

Section I: Contracting authority

I.1) Name and addresses

Norfolk County Council

Floor 3, County Hall, Martineau Lane,

Norwich

NR1 2DH

UK

Contact person: Julie Ward

E-mail: sourcingteam@norfolk.gov.uk

NUTS: UKH15

Internet address(es)

Main address: www.norfolk.gov.uk

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.1) Name and addresses

Bedford Borough Council

Borough Hall, Cauldwell Street

Bedford

MK42 9AP

UK

E-mail: pensions@bedford.gov.uk

NUTS: UKH2

Internet address(es)

Main address: www.bedford.gov.uk

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.1) Name and addresses

Derbyshire County Council

County Hall

Matlock

DE4 3AG

UK

E-mail: pensions@derbyshire.gov.uk

NUTS: UKF1

Internet address(es)

Main address: www.derbyshire.gov.uk

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.1) Name and addresses

Carmarthenshire County Council

County Hall

Camarthen

SA31 1JP

UK

E-mail: pensions@carmarthenshire.gov.uk

NUTS: UKL

Internet address(es)

Main address: www.camarthenshire.gov.wales

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.1) Name and addresses

Suffolk County Council

Endeavour House, 8 Russell Road

Ipswich

IP1 2BX

UK

E-mail: customer.service@suffolk.gov.uk

NUTS: UKH14

Internet address(es)

Main address: www.suffolk.gov.uk

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.1) Name and addresses

Brunel Pensions Partnership Ltd

101 Victoria Street

Bristol

BS1 6PU

UK

E-mail: BPP.Project@brunel.org

NUTS: UKK

Internet address(es)

Main address: www.brunelpensionpartnership.org

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.1) Name and addresses

The London CIV

59½ Southwark Street

London

SE1 0AL

UK

E-mail: pensionsCIV@londonciv.org.uk

NUTS: UKI

Internet address(es)

Main address: https://londonciv.org.uk

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.2) Joint procurement

The contract involves joint procurement

I.4) Type of the contracting authority

Regional or local authority

I.5) Main activity

General public services

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

A multi-lot, multi-provider Framework Agreement for the provision of Transition Management and Implementation Services

Reference number: NCCT41279

II.1.2) Main CPV code

66520000

 

II.1.3) Type of contract

Services

II.1.4) Short description

Norfolk County Council, on its own behalf and on behalf of Bedford Borough Council, Carmarthenshire, Derbyshire and Suffolk County Councils, Brunel Pensions Partnership, and the London CIV (the ‘Founding Authorities’) has let a multi-lot, multi-provider framework agreement for the provision of Transition Management Services primarily in support of the Local Government Pension Scheme (LGPS).

II.1.6) Information about lots

This contract is divided into lots: Yes

II.1.7) Total value of the procurement

Value excluding VAT: 40 000 000.00  GBP

II.2) Description

Lot No: 1

II.2.1) Title

Transition management and implementation services

II.2.2) Additional CPV code(s)

66141000

66522000

66520000

66523000

66131100

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

To provide a wide range of services in relation to Transition and Implementation Services, including but not limited to:

— provision of strategic transition planning advice to clients including where economies of scale might best be obtained, risk minimised and returns maintained or enhanced during transition,

— provision of transition risk analysis and risk management advice,

— provision of project management support throughout the transition process,

— provision of transition management services to a new manager with the same destination portfolio (e.g. UK active equity to UK active equity) across a range of asset types,

— provision of transition management services to a new manager with a different end mandate (e.g. passive UK equity to global active equity mandate) across a range of asset types, including the ability to manage and or arrange the execution of equities and fixed Income assets, and the ability to instruct execution and/or payments on behalf of the client,

— provision of interim portfolio management (for up to 6 months) where changes need to be made at short notice where the target portfolio is not yet known, available for new clients or ready to launch,

— the provision of temporary custody where required,

— provision of cost-effective foreign exchange management during the transition of overseas assets, including forex hedging and netting where possible/applicable,

— provision of assistance in minimising the effects of performance drag from holding cash (for the purposes of managing expenses, cash flows and collateral) during transition through the smart management of cash over a prolonged period,

— provision of assistance in the management of cost-effective, high quality execution of transition-related trades through the monitoring/delivery of trading activity,

— provision of detailed, transparent transition cost information and, where required, attribution between pool participants,

— ability to identify cross-pool efficiency opportunities and willingness to co-operate across LGPS pools as required,

— attendance at meetings as required by clients.

II.2.5) Award criteria

Quality criterion: Quality / Weighting: 80

Price / Weighting:  20

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

II.2.14) Additional information

Contracts awarded under the framework may have a maximum total duration of 7 years (5 years with a max. 2 year extension). No contract awarded from the framework will be permitted to extend beyond 16.11.2028 and must be awarded during the term of the Framework.

Max. of 5 providers were to be appointed to this lot on the framework but as there was a tie for 5th place 6 providers have been appointed.

Lot No: 2

II.2.1) Title

Transition Execution Services

II.2.2) Additional CPV code(s)

66520000

66522000

66523000

66131100

66141000

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

To provide a wide range of services in relation to Transition Management Services, including but not limited to:

— provision of transition management services to a new manager with the same destination portfolio (e.g. UK active equity to UK active equity),

— provision of transition management services to a new manager with a different end mandate (e.g. passive UK equity to global active equity mandate), including the ability to manage and or arrange the execution of equities and fixed Income assets, and the ability to instruct execution and/or payments on behalf of the client,

— provision of interim portfolio management where changes need to be made at short notice where the target portfolio is not yet known, available for new clients or ready to launch,

— provision of cost-effective foreign exchange management during the transition of overseas assets, including forex hedging and netting where possible/applicable,

— provision of assistance in minimising the effects of performance drag from holding cash (for the purposes of managing expenses, cash flows and collateral) during transition through the smart management of cash,

— provision of assistance in the management of cost-effective, high quality execution of transition-related trades through the delivery of trading activity,

— provision of detailed, transparent transition cost information and, where required, attribution between pool participants,

— attendance at meetings as required by clients.

II.2.5) Award criteria

Quality criterion: Quality / Weighting: 80

Price / Weighting:  20

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

II.2.14) Additional information

Contracts awarded under the framework may have a maximum total duration of 7 years (5 years with a maximum 2 year extension). No contract awarded from the framework will be permitted to extend beyond 16.11.2028 and must be awarded during the term of the Framework.

Maximum of 8 providers to be appointed to this lot on the framework.

No guarantee of business is given.

Lot No: 3

II.2.1) Title

Transition Management Advisory Services

II.2.2) Additional CPV code(s)

66523000

66520000

66522000

66131100

66141000

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

To provide a wide range of services in relation to Transition Management Advisory Services, including but not limited to:

— provision of assistance in the management of cost-effective, high quality execution of transition-related trades through the selection of “best fit” transition managers and monitoring of trading activity,

— providing assistance to clients in establishing the appropriate governance and monitoring structure for a transition programme,

— provision of strategic transition planning advice to clients including where economies of scale might best be obtained, risk minimised and returns maintained or enhanced during transition,

— provision of transition risk analysis and risk management advice,

— provision of project management support throughout the transition process,

— provision of in-house support during transition management activities,

— provision of detailed, transparent transition cost and transition outcome reporting information and, where required, attribution of cost between pool participants,

— the ability to undertake independent post transition reviews on behalf of clients, and, where required, represent the client in any required follow-up action,

— ability to identify cross-pool efficiency opportunities and willingness to co-operate across LGPS pools as required,

— attendance at meetings as required by clients.

II.2.5) Award criteria

Quality criterion: Quality / Weighting: 80

Price / Weighting:  20

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

II.2.14) Additional information

Contracts awarded under the framework may have a maximum total duration of 7 years (5 years with a maximum 2 year extension). No contract awarded from the framework will be permitted to extend beyond 16.11.2028 and must be awarded during the term of the Framework.

Maximum of 10 providers to be appointed to this lot on the framework.

No guarantee of business is given.

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Open procedure

IV.1.3) Information about a framework agreement or a dynamic purchasing system

The procurement involves the establishment of a framework agreement

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: No

IV.2) Administrative information

IV.2.1) Previous publication concerning this procedure

Notice number in the OJ S:

2017/S 172-352565

Section V: Award of contract

Lot No: 1

Title: Transition management and implementation services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 6

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 6

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

BlackRock Advisors (UK) Ltd

12 Throgmore Avenue

London

EC2N 2DL

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 20 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 1

Title: Transition management and implementation services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 6

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 6

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Goldman Sachs International

133 Fleet Street

London

EC4A 2BB

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 20 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 1

Title: Transition management and implementation services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 6

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 6

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Legal & General Investment Management

One Colman Street

London

EC2R 5AA

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: : 20 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 1

Title: Transition management and implementation services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 6

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 6

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Macquarie Capital (Europe) Ltd

28 Ropemaker Street

London

EC2Y 9HD

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 20 000 000.00  EUR

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 1

Title: Transition management and implementation services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 6

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 6

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Russell Investments Implementation Service Ltd

Rex House, 10-12 Lower Regent Street

London

SW1Y 4PE

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 20 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 1

Title: Transition management and implementation services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 6

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 6

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

The Northern Trust Company

50 Bank Street, Canary Wharf

London

E14 5NT

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 20 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

BlackRock Advisors (UK) Ltd

12 Throgmorton Avenue

London

EC2N 2DL

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Citigroup Global Markets Ltd

Citigroup Centre, Canary Wharf

London

E14 5LB

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Goldman Sachs International

133 Fleet Street

London

EC4A 2BB

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Legal & General Investment Management

One Colman Street

London

EC2R 5AA

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Macquarie Capital (Europe) Ltd

28 Ropemaker Street

London

EC2Y 9HD

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

The Northern Trust Company

50 Bank Street, Canary Wharf

London

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 2

Title: Transition management services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 8

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 8

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Russell Investments Implementation Service Ltd

Rex House, 10-12 Lower Regent Street

London

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 16 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 3

Title: Transition management advisory services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 3

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 3

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Allenbridge

8 Old Jewry

London

EC2R 8DN

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 4 000 000.00  GBP

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 3

Title: Transition management advisory services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 3

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 3

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Hymans Robertson LLP

Exchange Place One, 1 Semple Street

Edinburgh

EH3 8BL

UK

NUTS: UKM75

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 4 000 000.00  EUR

V.2.5) Information about subcontracting

Section V: Award of contract

Lot No: 3

Title: Transition management advisory services

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

14/11/2017

V.2.2) Information about tenders

Number of tenders received: 3

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 3

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Mercer Ltd

Tower Place West

London

UK

NUTS: UKI

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot:

Total value of the contract/lot: : 4 000 000.00  GBP

V.2.5) Information about subcontracting

The contract is likely to be subcontracted

Section VI: Complementary information

VI.3) Additional information

The framework may also be used by: any LGPS administering authorities and any of their participating employing authorities as defined in the Local Government Pension Scheme Regulations 2013 SI2013 Nº 2356 (as amended) and the Local Government Pension Scheme (Administration) (Scotland) Regulations 2008 as amended by SSI 2011/349;

— the Committee (the NILGOSC) and employing authorities as defined in the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 / SRNI 2009/33,

— the Board of the Pension Protection Fund http://www.pensionprotectionfund.org.uk,

— any other administering authority or organisation of a public sector pension scheme or any public sector body that requires pensions related services; and,

— any Common Asset Pool or Collective Investment Vehicle established by or on behalf of an administering authority or group of administering authorities; any Local Government Pension Fund(s) or groups of Pension Funds; or any bodies, organisations or companies established by them for the purpose of operating on a collective basis.

This is a Framework agreement and the estimated maximum spend across all Lots for the life of the framework is GBP 40 000 000.00.

VI.4) Procedures for review

VI.4.1) Review body

Norfolk County Council

Norwich

UK

VI.4.2) Body responsible for mediation procedures

Norfolk County Council

Norwich

UK

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

The Public Contracts Regulations 2015 (as amended) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern EN Standard form 02 — Contract notice 12 / 19 Ireland). Proceedings must be brought within 30 days from the date of knowledge (the date on which the economic operator first knew or ought to have known that grounds for starting the proceedings had arisen) unless the Court considers that there is good reason for extending the period within which proceedings may be brought, in which case the Court may extend that period up to a maximum of 3 months from the date of knowledge.

VI.4.4) Service from which information about the review procedure may be obtained

Norfolk County Council

Norwich

UK

VI.5) Date of dispatch of this notice

19/02/2018

Coding

Commodity categories

ID Title Parent category
66522000 Group pension services Pension services
66523000 Pension fund consultancy services Pension services
66141000 Pension fund management services Portfolio management services
66131100 Pension investment services Security brokerage services
66520000 Pension services Insurance and pension services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
sourcingteam@norfolk.gov.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

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