Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Border to Coast Pensions Partnership Ltd
5th Floor, Toronto Square, Toronto Street
Leeds
LS1 2HJ
UK
Contact person: procurement@bordertocoast.org.uk
Telephone: +44 1134872550
E-mail: procurement@bordertocoast.org.uk
NUTS: UK
Internet address(es)
Main address: https://www.bordertocoast.org.uk/
Address of the buyer profile: https://www.bordertocoast.org.uk/
I.2) Joint procurement
The contract is awarded by a central purchasing body
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
Procurement for Alternatives Due Diligence Provider
Reference number: DN425874
II.1.2) Main CPV code
66141000
II.1.3) Type of contract
Services
II.1.4) Short description
Procurement for alternatives due diligence provider.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
4 800 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66171000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
Border to Coast has recently launched its alternatives private markets structure and has commenced making capital commitments on behalf of its investors. Current assets under management are c. GBP 1.2 Billion and are expected to increase to c. GBP 5 Billion over the next 3-5 years and c. GBP 10 Billion over the longer term.
In order to support the internal investment resources, Border to Coast is seeking an advisor/consultant to provide the following core services:
— investment due diligence support,
— operational due diligence support,
— market and strategy research and portfolio construction support,
— investment book of record (IBOR) reconciliation.
Border to Coast is also interested in the following ancillary services from the same advisor/consultant:
— portfolio analytics to support portfolio monitoring, analysis, cash flow forecasting and client reporting,
— compliance monitoring support,
— co-investment due diligence support.
II.2.5) Award criteria
Quality criterion: Technical competency
/ Weighting: 80
Price
/ Weighting:
20
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
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2019/S 157-388097
IV.2.9) Information about termination of call for competition in the form of a prior information notice
The contracting authority will not award any further contracts based on the above prior information notice
Section V: Award of contract
Contract No: CON0213
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
29/11/2019
V.2.2) Information about tenders
Number of tenders received: 3
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: 3
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Albourne Partners Ltd
02905244
16 Palace Street
London
SW1E 5JD
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 4 800 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Border to Coast Pensions Partnership Ltd
5th Floor, Toronto Square, Toronto Street
Leeds
LS1 2HJ
UK
Telephone: +44 1134872550
E-mail: procurement@bordertocoast.org.uk
Internet address(es)
URL: https://www.bordertocoast.org.uk/
VI.5) Date of dispatch of this notice
06/03/2020