Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Border to Coast Pensions Partnership Limited
10795539
Town Hall and Civic Offices, Westoe Road
South Shields
NE33 2RL
UK
Contact person: Mr David Hayward
Telephone: +44 1914247217
E-mail: David.Hayward@southtyneside.gov.uk
NUTS: UK
Internet address(es)
Main address: http://www.bordertocoast.org.uk
Address of the buyer profile: http://www.bordertocoast.org.uk
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
ICT Investment Platform (Revised Tender)
Reference number: DN308270
II.1.2) Main CPV code
48300000
II.1.3) Type of contract
Services
II.1.4) Short description
Provision of an ICT investment platform for Border to Coast Pensions Partnership.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
4 170 252.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
Provision of an ICT investment platform which will provide core capabilities necessary to manage and deliver investment outcomes efficiently and effectively. This includes provision of IT support for portfolio management and decision making, including fund rebalancing and scenario analysis, and managing or overseeing associated operational processes including risk, performance measurement, and asset life cycle processes.
II.2.5) Award criteria
Quality criterion: Response to Capability Questionnaire
/ Weighting: 70 %
Cost criterion: Overall contract cost
/ Weighting: 30 %
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 IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
- Accelerated procedure
Justification:
This is a re-issue of a tender for a previously abandoned process. The buyer requires the service urgently to meet government requirements for the pooling of LGPS and must begin implementation early in the new year to achieve this.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/02/2018
V.2.2) Information about tenders
Number of tenders received: 7
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 2
Number of tenders received by electronic means: 7
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Bloomberg Finance LP
2110234
731 Lexington Avenue
New York
NY 10022
US
NUTS: UK
Internet address(es)
URL: www.Bloomberg.com
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 4 170 252.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
High Court
The Strand
London
WC2 1AA
UK
Telephone: +44 2079476000
E-mail: qbenquiries@hmcts.gsi.gov.uk
VI.5) Date of dispatch of this notice
06/03/2018