CONTRACT NOTICE – OFFICIAL JOURNAL
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Section I: Contracting Authority
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I.1)
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Name, Address and Contact Point(s)
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North Yorkshire Pension Fund |
County Hall, North Yorkshire |
Northallerton |
DL7 8AL |
UK |
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www.nypf.org.uk
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I.2)
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Type of contracting Authority and Main Activity or Activities
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UK Local Authority Pension Fund |
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No |
Section II: Object of the Contract
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II.1)
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Description
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II.1.1)
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Title attributed to the contract by the contracting authorityPrivate Debt Pension Fund Investment Management Arrangement. |
II.1.2(a))
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Type of works contract
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II.1.2(b))
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Type of supplies contract
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II.1.2(c))
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Type of service contract6 |
II.1.2)
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Main site or location of works, place of delivery or performance
Northallerton, North Yorkshire.
UKE22 |
II.1.3)
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This notice involves
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II.1.4)
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Information on framework agreement (if applicable)
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Number of participants to the framework agreement envisaged
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Duration of the framework agreement
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Justification for a framework agreement the duration of which exceeds four years
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Estimated total value of purchases for the entire duration of the framework agreement
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Frequency and value of the contracts to be awarded |
II.1.5)
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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.
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II.1.6)
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Common Procurement Vocabulary (CPV)
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66131100 |
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II.1.7)
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Contract covered by the Government Procurement Agreement (GPA) |
II.1.8)
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Division into lots No |
II.1.9)
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Will variants be accepted
No |
II.2)
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Quantity or Scope of the Contract
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II.2.1)
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Total quantity or scopeThe 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. |
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II.2.2)
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Options |
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Provisional timetable for recourse to these options
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Number of possible renewals
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In the case of renewable supplies or service contracts, estimated time frame for subsequent contracts
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Section III: Legal, Economic, Financial and Technical Information
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III.2)
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Conditions for Participation
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III.2.1)
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Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
As detailed in the tender documentation.
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III.2.2)
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Economic and financial capacity
As detailed in the tender documentation.
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III.2.3)
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Technical capacity
As detailed in the tender documentation.
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III.2.4)
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Reserved contracts
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III.3)
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Conditions Specific to Service Contracts
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III.3.1)
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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)
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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
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IV.1)
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Type of Procedure
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Justification for the choice of accelerated procedure
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IV.1.1)
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Have candidates already been selected? No |
IV.1.2)
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Limitations on the number of operators who will be invited to tender or to participate |
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Objective criteria for choosing the limited number of candidates
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IV.1.3)
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Reduction of the number of operators during the negotiation or dialogue
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IV.2)
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Award Criteria
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No
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Yes
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No
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IV.2.2)
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An electronic auction will be used No
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IV.3 Administrative Information
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IV.3.1)
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Reference number attributed to the notice by the contracting authority
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IV.3.2)
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Previous publication(s) concerning the same contract
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Other previous publications
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IV.3.3)
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Conditions for obtaining specifications and additional documents
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IV.3.4)
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Time-limit for receipt of tenders or requests to participate 17-02-2016
12:00 |
IV.3.5)
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Date of dispatch of invitations to tender or to participate to selected candidates
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IV.3.6)
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Language or languages in which tenders or requests to participate can be drawn up
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IV.3.7)
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Minimum time frame during which the tenderer must maintain the tender 6
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IV.3.8)
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Conditions for opening tenders
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18-02-2016 Clareville House, 26-27 Oxendon Street, SW1Y 4EL, London.
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Section VI: Other Information
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VI.1)
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Indicate whether this procurement is a recurrent one and the Estimated timing for further notices to be published
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VI.2)
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Does the contract relate to a Project/Programme financed by Community Funds? No
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VI.3)
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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.
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VI.4)
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Procedures for appeal
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VI.4.1)
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Body responsible for appeal procedures
See section VI.4.2) |
See section VI.4.2) |
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Body responsible for mediation procedures
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VI.4.2)
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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.
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VI.4.3)
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Service from which information about the lodging of appeals may be obtained
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VI.5)
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Dispatch date of this Notice 05-01-2016 |
ANNEX A
Additional Addresses and Contact Points
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I)
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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 |
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II)
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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 |
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III)
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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 |
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