Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Warwickshire County Council
Shire Hall, Warwick
Warwick
CV34 4RL
UK
Contact person: Strategic Procurement
Telephone: +44 1926414131
E-mail: procurement@warwickshire.gov.uk
NUTS: UKG13
Internet address(es)
Main address: http://www.warwickshire.gov.uk
Address of the buyer profile: http://www.warwickshire.gov.uk/procurement
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of Actuarial Services for Warwickshire Pension Fund
II.1.2) Main CPV code
66520000
II.1.3) Type of contract
Services
II.1.4) Short description
The Warwickshire Pension Fund requires Actuarial advice and services. The contract is for the use of all members of the Warwickshire Pension Fund.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Lowest offer:
26 730.00
GBP/ Highest offer:
47 400.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKG13
Main site or place of performance:
At locations where the Warwickshire Pension Fund requires it.
II.2.4) Description of the procurement
The Procurement was carried out via a Further Competition exercise. The Council used National LGPS Frameworks (Ref. NCCT40954) "Actuarial, Benefits and Governance Consultancy Services Primarily in Support of the Local Government Pension Scheme" and invited all Suppliers on the Framework to participate.
The Warwickshire Pension Fund includes multiple members/employers including the County Council, the Warwickshire Districts and Boroughs and others.
The Further Competition was carried out via Warwickshire County Council's e-tendering system CSW Jets https://in-tendhost.co.uk/csw-jets/aspx/Home
The contract is for 6 years to compliment the current Valuation cycle and also includes a one year extension should it be beneficial to use it.
The Contract is planned to start on 1.4.2018.
II.2.5) Award criteria
Quality criterion: Track Record of team
/ Weighting: 20
Quality criterion: Understanding of LGPS Schemes
/ Weighting: 15
Quality criterion: Ability to adapt to changing environment
/ Weighting: 15
Quality criterion: Service responsiveness
/ Weighting: 10
Cost criterion: Activity pricing
/ Weighting: 10
Cost criterion: Pricing exercise
/ Weighting: 15
Cost criterion: Financial reporting
/ Weighting: 15
II.2.11) Information about options
Options:
Yes
Description of options:
This 6 year contract includes an option to extend for 1 year should this benefit activities within the valuation cycle and performance is satisfactory.
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
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section V: Award of contract
Title: Provision of Actuary Services for the Warwickshire Pension Fund
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
21/02/2018
V.2.2) Information about tenders
Number of tenders received: 2
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: 0
Number of tenders received by electronic means: 2
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Hymans Robertson LLP
Waterloo Street
Glasgow
G2 6DB
UK
NUTS: UKM82
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
Lowest offer:
26 730.00
GBP
/ Highest offer:
47 400.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Warwickshire County Council
Warwick
UK
VI.5) Date of dispatch of this notice
21/03/2018