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Contract Notice

Private Debt Pension Fund Investment Management Arrangement.

  • First published: 06 January 2016
  • Last modified: 06 January 2016
  • Version: N/A
  • This file may not be fully accessible.

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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)

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Contents

Summary

OCID:
Published by:
North Yorkshire Pension Fund
Authority ID:
AA46680
Publication date:
06 January 2016
Deadline date:
17 February 2016
Notice type:
Contract Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

North Yorkshire Pension Fund is looking to invest 120 000 000 GBP-130 000 000 GBP in a fund (or funds) focused on investing in private corporate debt.

Full notice text

CONTRACT NOTICE – OFFICIAL JOURNAL

Section I: Contracting Authority

I.1)

Name, Address and Contact Point(s)


North Yorkshire Pension Fund

County Hall, North Yorkshire

Northallerton

DL7 8AL

UK





www.nypf.org.uk


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I.2)

Type of contracting Authority and Main Activity or Activities

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UK Local Authority Pension Fund
No

Section II: Object of the Contract

II.1)

Description

II.1.1)

Title attributed to the contract by the contracting authority

Private Debt Pension Fund Investment Management Arrangement.

II.1.2(a))

Type of works contract

II.1.2(b))

Type of supplies contract

II.1.2(c))

Type of service contract

6

II.1.2)

Main site or location of works, place of delivery or performance

Northallerton, North Yorkshire.



UKE22

II.1.3)

This notice involves

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II.1.4)

Information on framework agreement (if applicable)

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Number of participants to the framework agreement envisaged

Duration of the framework agreement

Justification for a framework agreement the duration of which exceeds four years

Estimated total value of purchases for the entire duration of the framework agreement

Frequency and value of the contracts to be awarded

II.1.5)

Short description of the contract or purchase(s)

North Yorkshire Pension Fund is looking to invest 120 000 000 GBP-130 000 000 GBP in a fund (or funds) focused on investing in private corporate debt.

II.1.6)

Common Procurement Vocabulary (CPV)

66131100

II.1.7)

Contract covered by the Government Procurement Agreement (GPA)

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II.1.8)

Division into lots

No

II.1.9)

Will variants be accepted

No

II.2)

Quantity or Scope of the Contract

II.2.1)

Total quantity or scope

The assets to be managed are valued at / up to approximately 120 000 000 GBP-130 000 000 GBP.

1 or 2 managers / funds may be appointed to manage some of these assets.

II.2.2)

Options

Provisional timetable for recourse to these options

Number of possible renewals

In the case of renewable supplies or service contracts, estimated time frame for subsequent contracts

Section III: Legal, Economic, Financial and Technical Information

III.2)

Conditions for Participation

III.2.1)

Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers


As detailed in the tender documentation.

III.2.2)

Economic and financial capacity


As detailed in the tender documentation.




III.2.3)

Technical capacity


As detailed in the tender documentation.




III.2.4)

Reserved contracts

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III.3)

Conditions Specific to Service Contracts

III.3.1)

Is provision of the service reserved to a specific profession?

Yes

Providers must be authorised under the Financial Services and Markets Act 2000 and the Local Government Pension Scheme (Management and Investment of Funds) regulations 2009.

Firms must be FCA authorised or similarly authorised within EEA.

Firms who are willing to obtain FCA or EEA authorisation will be considered.

III.3.2)

Will legal entities be required to state the names and professional qualifications of the personnel responsible for the execution of the service?

Yes

Section IV: Procedure

IV.1)

Type of Procedure


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Justification for the choice of accelerated procedure

IV.1.1)

Have candidates already been selected?

No

IV.1.2)

Limitations on the number of operators who will be invited to tender or to participate

Objective criteria for choosing the limited number of candidates

IV.1.3)

Reduction of the number of operators during the negotiation or dialogue

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IV.2)

Award Criteria

No


Yes

No

IV.2.2)

An electronic auction will be used

No

IV.3 Administrative Information

IV.3.1)

Reference number attributed to the notice by the contracting authority

IV.3.2)

Previous publication(s) concerning the same contract

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Other previous publications

IV.3.3)

Conditions for obtaining specifications and additional documents



 


IV.3.4)

Time-limit for receipt of tenders or requests to participate

 17-02-2016  12:00

IV.3.5)

Date of dispatch of invitations to tender or to participate to selected candidates


IV.3.6)

Language or languages in which tenders or requests to participate can be drawn up

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IV.3.7)

Minimum time frame during which the tenderer must maintain the tender 

6 

IV.3.8)

Conditions for opening tenders



 18-02-2016
Clareville House, 26-27 Oxendon Street, SW1Y 4EL, London.

Section VI: Other Information

VI.1)

Indicate whether this procurement is a recurrent one and the Estimated timing for further notices to be published


VI.2)

Does the contract relate to a Project/Programme financed by Community Funds?

No



VI.3)

Additional Information

It is intended that the contract will continue in force until such time as is determined in accordance with the provisions contained in the contract.

VI.4)

Procedures for appeal

VI.4.1)

Body responsible for appeal procedures


See section VI.4.2)

See section VI.4.2)







Body responsible for mediation procedures










VI.4.2)

Lodging of appeals

North Yorkshire Pension Fund will incorporate a minimum 10 calendar day stand-still period at the point information on the award of the contract is communicated to tenderers. This period allows unsuccessful tenderers to seek further debriefing from the contracting authority before the contract is entered into. Applicants have 2 working days from the notification of the award decision to request additional debriefing and that information has to be provided a minimum of 3 working days before the expiry of the stand-still period. Such additional information should be required from the contact in Annex A. If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts Regulations 2006 (SI 2006 No.5) 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 Ireland). Any such action must be brought promptly (Generally within 3 months). Where a contract has not been entered into, the Court may order the setting aside of the award decision or order the authority to amend any document and may award damages. If the Contract has been entered into, the Court may only award damages.

VI.4.3)

Service from which information about the lodging of appeals may be obtained










VI.5)

Dispatch date of this Notice

 05-01-2016

ANNEX A

Additional Addresses and Contact Points

I)

Address and contact points from which further information can be obtained



bfinance

Clareville House, 26-27 Oxendon Street

London

SW1Y 4EL

UK

Witold Witkiewicz / Dharmy Rai / Kevin Chan

+44 2077478600

NorthYorkshirePD@bfinance.com

+44 2079301540
www.bfinance.com

II)

Address and contact points from which specifications and additional documentation may be obtained



bfinance

Clareville House, 26-27 Oxendon Street

London

SW1Y 4EL

UK

Witold Witkiewicz / Dharmy Rai / Kevin Chan

+44 2077478600

NorthYorkshirePD@bfinance.com

+44 2079301540
www.bfinance.com

III)

Address and contact points to which Tenders/Requests to Participate must be sent



bfinance

Clareville House, 26-27 Oxendon Street

London

SW1Y 4EL

UK

Witold Witkiewicz / Dharmy Rai / Kevin Chan

+44 2077478600

NorthYorkshirePD@bfinance.com

+44 2079301540
www.bfinance.com

Coding

Commodity categories

ID Title Parent category
66131100 Pension investment services Security brokerage 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:
N/a
Admin contact:
NorthYorkshirePD@bfinance.com
Technical contact:
N/a
Other contact:
NorthYorkshirePD@bfinance.com

Further information

Date Details
No further information has been uploaded.

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