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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London LGPS CIV Ltd |
59½ Southwark Street |
London |
SE1 0AL |
UK |
London LGPS CIV Ltd, 59½ Southwark Street, London SE1 0AL
Freddie Fuller |
+44 2079349844 |
pensionsciv@londoncouncils.gov.uk |
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http://www.londoncouncils.gov.uk/policylobbying/localgovernmentfinance/civpensions/
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I.2)
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Type of contracting Authority and Main Activity or Activities
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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 authorityProvision of Fund Administration and Depositary Services for London LGPS CIV Ltd. |
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
UKI12 |
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)
Appointment of a Fund Administrator and Depositary for a UK ACS Fund. Services to be provided may include but not limited to fund accounting, fund administration, transfer agency, global custody (including safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting), performance measurement, foreign exchange, cash management, and on-line reporting.
Please note London Councils are managing the procurement on behalf of the ACS Operator, with whom the final contracts will be executed.
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II.1.6)
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Common Procurement Vocabulary (CPV)
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66160000 |
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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 scopeIt is anticipated the contract will have a contract award date in Q4 2014 and a start date for the provision of services during Q2 2015. The Fund has targeted an initial market value of approximately GBP 5bn with a yet unknown amount of segregated assets requiring safe-keeping and yet unknown amount in pooled funds held at third parties.
We anticipate possible annual fees of between GBP 50 000 — 500 000 over the course of the contract. |
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50 000500 000 GBP |
II.2.2)
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OptionsThe contract is for an initial period of 5 years with the option to extend for a further 5 years. |
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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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II.3)
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Duration of the contract or limit for completion 01-04-2015 31-03-2020 |
Section III: Legal, Economic, Financial and Technical Information
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III.1)
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Conditions Relating to the Contract
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III.1.1)
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Deposits and guarantees required
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III.1.2)
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Main Terms of financing and payment and/or reference to the relevant provisions
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III.1.3)
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Legal form to be taken by the grouping of suppliers, contractors or service providers to whom the contract is to be awarded
Joint and Several Liability. Where bids are submitted as part of a consortium or association, the ‘group’ would be required to nominate a lead partner with whom the Contracting Authority can contract with or form themselves into a single legal entity.
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III.1.4)
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Other particular conditions to which the performance of the contract is subject
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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 per the minimum criteria section of the tender and the requirements of Regulation 23 of the Public Contacts Regulations 2006. Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalent law of European Economic Area (EEA) member state. Proof of registration should be provided.
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III.2.2)
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Economic and financial capacity
As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document and subject to any further requirements during the process; details of corporate structure and ownership, external credit assessments, outstanding litigation/claims, insurance coverage, acceptable financial standing.
As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document. Candidates and associated holding companies must have a minimum long term deposit credit rating of at least A2 / A / A (Moody's / S&P / Fitch) from 2 providers.
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III.2.3)
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Technical capacity
As per the requirements of regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document.
As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document. Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalents law of European Economic Area (EEA) member state. Proof of registration should be provided.
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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
Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalent law of European Economic Area (EEA) member state. Proof of registration should be provided. |
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? No |
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 01-08-2014
11:45
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IV.3.4)
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Time-limit for receipt of tenders or requests to participate 19-08-2014
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
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IV.3.8)
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Conditions for opening tenders
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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
You will need to register with the www.competefor.com to record your expression of interest and to download the PQQ documentation.
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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
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Body responsible for mediation procedures
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VI.4.2)
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Lodging of appeals
A minimum 10 calendar day standstill period at the point of information on the award of the contract will be communicated to tenderers. The communication will contain contact details.
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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 22-07-2014 |