Contract notice – utilities
Section I: Contracting
entity
I.1) Name and addresses
Manchester Airport Plc
01960988
Olympic House, Manchester Airport
Manchester
M90 1QX
UK
Contact person: Tina Yu, Callum O'Brien
E-mail: Tina.Yu@magairports.com
NUTS: UKD3
Internet address(es)
Main address: www.magairports.com
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.3) Communication
Access to the procurement documents is restricted. Further information can be obtained at:
https://esourcing.waxdigital.co.uk/MAG/SignIn.aspx
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://esourcing.waxdigital.co.uk/MAG/SignIn.aspx
I.6) Main activity
Airport-related activities
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of a Master Trust Defined Contributions Pension Scheme
Reference number: ID 1445
II.1.2) Main CPV code
66522000
II.1.3) Type of contract
Services
II.1.4) Short description
Following a review of its current Defined Contributions (DC) Scheme, Manchester Airport Plc (MAG) intends to appoint a new Defined Contributions provider under the Master Trust model. This decision has been taken so that employees of MAG can access a modern pension arrangement which offers full pension freedoms, comprehensive member engagement, a range of investment choices (where members want these); and default and accompanying investment strategies which are aligned to the new pension freedoms. MAG requires the Master Trust to offer members comprehensive support throughout the period of their membership at a competitive charging level.
The contract will serve all of Manchester Airport Plc, currently Manchester, London Stansted and East Midlands Airports.
There is no guarantee to the value or volume of work awarded under the contract. Further details are contained within the procurement documents.
II.1.5) Estimated total value
Value excluding VAT:
180 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66141000
66520000
66523000
66523100
66131100
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
The contract will serve all of Manchester Airport Plc, currently Manchester, London Stansted and East Midlands Airports.
II.2.4) Description of the procurement
Manchester Airport Plc (MAG) intends to appoint a new Defined Contributions (DC) provider under the Master Trust (MT) model. This decision has been taken so that employees of MAG can access a modern pension arrangement which offers full pension freedoms, comprehensive member engagement, a range of investment choices (where members want these); and default and accompanying investment strategies which are aligned to the new pension freedoms. MAG requires the Master Trust to offer members comprehensive support throughout the period of their membership at a competitive charging level.
The contract will serve all of Manchester Airport Plc, currently Manchester, London Stansted and East Midlands Airports.
Based on portfolio of current potential members, the value of ongoing contribution is expected to be circa 10 000 000 GBP — 12 000 000 GBP p.a. with potential asset transfer value of circa 60 000 000 GBP. Please note that the “estimated total value” is based on the estimated value of ongoing contribution of 12 000 000,00 (GBP) per annum. Further details are contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in working days: 60
This contract is subject to renewal: Yes
Description of renewals:
The contract is to be let for an initial period of 5 years with the option to extend for 2 further periods, each of 5 years reviewable annually and subject to satisfactory performance. Please note that the 'estimated total value is based on the estimated value of ongoing contribution of 12 000 000,00 (GBP) per annum for the maximum potential term (including extension options).
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
The Contract is to be let for an initial period of 5 years with the option to extend for 2 further periods, each of 5 years reviewable annually and subject to satisfactory performance. Based on portfolio of current potential members, the value of ongoing contribution is expected to be circa 10 000 000 GBP — 12 000 000 GBP p.a. with potential asset transfer value of circa 60 000 000 GBP. Please note that the “estimated total value” is based on the estimated value of ongoing contribution of 12 000 000,00 (GBP) per annum for the maximum potential term (including extension options). Further details are contained within the procurement documents.
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
Further details are contained within the procurement documents.
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
The award of contract is subject to the intended provider having secured authorisation from The Pensions Regulator (TPR) who imposes minimum solvency requirements to operate its Master Trust by the date of contract award. The intended provider will be required to submit evidence of authorisation from the Pensions Regulator.
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.1.4) Objective rules and criteria for participation
The award of contract is subject to the intended provider having secured authorisation from The Pensions Regulator (TPR) who imposes minimum solvency requirements to operate its Master Trust by the date of contract award. As this tender opportunity is being undertaken during the MT authorisation window any appointment will be subject to such authorisation being confirmed to the provider by The Pension Regulator. The intended provider will be required to submit evidence of having TPR MT authorisation.
III.2) Conditions related to the contract
III.2.1) Information about a particular profession
Participation is reserved to a particular profession: Yes
Reference to the relevant law, regulation or administrative provision:
The award of contract is subject to the intended provider having secured authorisation from The Pensions Regulator (TPR) who imposes minimum solvency requirements to operate its Master Trust by the date of contract award. As this tender opportunity is being undertaken during the MT authorisation window any appointment will be subject to such authorisation being confirmed to the provider by The Pension Regulator. The intended provider will be required to submit evidence of having TPR MT authorisation.
III.2.2) Contract performance conditions
Further details are contained within the procurement documents.
III.2.3) Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Negotiated with call for competition
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.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2018/S 144-330475
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
25/01/2019
Local time: 10:00
IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date:
06/02/2019
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 6 (from the date stated for receipt of tender)
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.3) Additional information
To express an interest and participate in this procurement, applicants must register on MAG Source Wax Digital (our E-Sourcing Portal) free of charge at the earliest opportunity (see instructions below).
To register please visit https://esourcing.waxdigital.co.uk/MAG/
Once you have registered on the portal please email: Callum.O’Brien@magairports.com in order for your organisation to be added to this particular procurement event. Please appreciate that due to the confidential nature of this procurement, all applicants will need to agree, sign and return MAG’s Non-Disclosure Agreement for access to be granted to the PQQ documentation. Applicants will only be able to upload/download documents when they have been invited to participate in the relevant procurement event.
If you require technical assistance regarding using the MAG Source Wax Digital system, please contact WAX Digital Limited quoting the name and telephone number of your organisation on: +44 (0) 161 367 8375, opening hours: Monday-Friday 9:00-17:30.
VI.4) Procedures for review
VI.4.1) Review body
MAG Legal Department
Olympic House, Manchester Airport, Manchester
Manchester
M90 1QX
UK
VI.5) Date of dispatch of this notice
04/01/2019