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
Contract for Provision of Third Party Administrator Services
Reference number: DN294696
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
Award of contract for Third Party Administrator Services to support the newly formed Border to Coast Pensions Partnership Limited, A pension pooling body established by 12 LGPS funds to meet government pension pooling objectives.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
16 368 590.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKE
II.2.4) Description of the procurement
Award of contract to carry out the following services.
— Outsourced Dealing – support of the execution of BCPP’s investment strategies through provision of an outsourced dealing service to support execution and matching of listed securities including equities, fixed income and collective investments,
— Middle Office Services – Support of the management of core processes and reporting for investment funds/sub-funds, including, but not exclusively, in relation to core investment management activity and asset life cycles,
— Fund Administration – support for core administration of investment funds/sub-funds including, but not limited to, fund valuations and reporting and tax services,
— Depositary Services – depositary services for investment funds/sub-funds, including but not limited to, oversight of valuations, subscription/redemption processing, transactions, and investment compliance.
II.2.5) Award criteria
Quality criterion: Technical quality of tender submission/offer
/ Weighting: 70
Cost criterion: Total Pricing over contract period
/ 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
Competitive dialogue
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
13/12/2017
V.2.2) Information about tenders
Number of tenders received: 6
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 1
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 6
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Northern Trust Global Services Limited
04795756
50 Bank Street
London
E14 5NT
UK
NUTS: UK
Internet address(es)
URL: www.northerntrust.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:
: 16 368 590.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
High Court (Royal Courts of Justice
The Strand
London
WC2A 2LL
UK
Telephone: +44 2079476000
VI.5) Date of dispatch of this notice
06/03/2018