Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Local Pensions Partnership Investments Ltd
09835244
County Hall, Fishergate
Preston
PR1 8XJ
UK
Contact person: Stuart Brown
Telephone: +44 1772737625
E-mail: stuart.brown@localpensionspartnership.org.uk
NUTS: UKI
Internet address(es)
Main address: http://www.localpensionspartnership.org.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.contractsfinder.service.gov.uk/Notice/67398f23-aecf-4a75-b872-6a3f6b829f7a
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Multi-Asset Portfolio Management System
Reference number: 180618v1
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
Local Pensions partnership (LPP) is a pension service provider for Local government pension schemes (LGPS) and other public-sector pension funds. They aim to help clients reduce pension deficits, improve investment returns and lower costs through the core services of investment management, pension administration and risk management.
LPP was formed in 2016 through a collaboration between Lancashire County Council and the London pensions fund authority. Today they manage more than c. 16 000 000 000 GBP of pension assets for investors and provide pensions administration services to more than 540 000 members across LGPS, Fire and police schemes.
LPP are looking to select and implement an institutional standard investment management system to support its investment management business.
II.1.5) Estimated total value
Value excluding VAT:
5 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66131100
66140000
66141000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
LPP I — the regulated investment business within LPP — are looking to select and implement a portfolio management system to support its investment management business. This initial selection questionnaire will be used to identify suitable systems and vendors, who LPP I and its advisors will invite to participate in a formal selection process. This process will involve responding to a full tender document and being engaged in a process of demonstrations and workshops to understand the use and applicability of systems to LPP I's requirements.
LPP I expect to procure and implement this system during Q4 2018 and early 2019 with a view to being operational during Q3 2019.
Tendering Instructions.
Tender documentation can be obtained at the following link: https://www.contractsfinder.service.gov.uk/Notice/67398f23-aecf-4a75-b872-6a3f6b829f7a
For further information please contact stuart.brown@localpensionspartnership.org.uk
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
5 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 120
This contract is subject to renewal: Yes
Description of renewals:
Contract will be an initial 3 years with 7 x 1 year extensions.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
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
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
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.2) Conditions related to the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive procedure with negotiation
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
19/07/2018
Local time: 12:00
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: 3 (from the date stated for receipt of tender)
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Local Pensions Partnership Limited
County Hall, Fishergate
Preston
PR1 8XJ
UK
VI.5) Date of dispatch of this notice
18/06/2018