Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Trustees of the University of Nottingham Contributory Pension and Assurance Scheme (CPAS)
University of Nottingham
Nottingham
NG7 2RD
UK
E-mail: leanne.bryant@nottingham.ac.uk
NUTS: UKF14
Internet address(es)
Main address: https://www.nottingham.ac.uk/
Address of the buyer profile: https://in-tendhost.co.uk/universityofnottingham/aspx/Home
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Pension Services — Scheme Actuary and Actuarial Consultant, Investment Advisor and Administrator and Secretary to The Trustees
Reference number: PROC LSB ITT/1143
II.1.2) Main CPV code
66520000
II.1.3) Type of contract
Services
II.1.4) Short description
The Trustees of the University of Nottingham Contributory Pension and Assurance Scheme (CPAS) are seeking applications for the appointment of:
• Scheme Actuary and Actuarial Consultant (Lot 1);
• Investment Adviser (Lot 2);
• Administrator and Secretary to the Trustees (Lot 3).
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
3 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Scheme Actuary and general acturial Consultancy
II.2.2) Additional CPV code(s)
66520000
66523100
66523000
66131100
66141000
II.2.3) Place of performance
NUTS code:
UKF14
Main site or place of performance:
II.2.4) Description of the procurement
Scheme actuary and actuarial consultant
The initial appointment would be for a term of 5 years with an option to extend for a further 1 + 1 years. The tender has been structured on a lot basis which means the most economically advantageous tender (MEAT) for each lot will be awarded a contract. Tenderers can bid for all lots or just one or two lots. The Trustees are open to appointing one provider or three different providers for all lots. Please indicate if you are only prepared to act if you are awarded a minimum of two lots. The expected scope of services are set out in the appendices. If you submit a tender, we will assume that you are able to provide all of the services detailed in the appendices unless you make it clear in your response that you cannot.
II.2.5) Award criteria
Price
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
II.2.14) Additional information
Lot No: 2
II.2.1) Title
Investment Consultant
II.2.2) Additional CPV code(s)
66131100
II.2.3) Place of performance
NUTS code:
UKF14
Main site or place of performance:
II.2.4) Description of the procurement
Included in tender documents.
II.2.5) Award criteria
Price
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
II.2.14) Additional information
Lot No: 3
II.2.1) Title
Administrator and secretary to Trustees
II.2.2) Additional CPV code(s)
66520000
II.2.3) Place of performance
NUTS code:
UKF14
Main site or place of performance:
II.2.4) Description of the procurement
In tender documents.
II.2.5) Award criteria
Price
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
II.2.14) Additional information
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:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2019/S 223-547315
Section V: Award of contract
Lot No: 1
Title: Scheme Actuary and general consultancy
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
28/02/2020
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: 0
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
Mercer Ltd
1 Tower Place West, Lower Thames Street
London
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 206 500.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Title: Investment Consultant
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
28/02/2020
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: 0
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
Mercer Ltd
London
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 206 500.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 3
Title: Administrator and Secretary
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
28/02/2020
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: 0
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
XPS Pensions Consulting Ltd
Reading
UK
NUTS: UKJ11
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 1 015 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Trustees of the University of Nottingham Contributory Pension and Assurance Scheme (CPAS)
University of Nottingham
Nottingham
NG7 2RD
UK
E-mail: leanne.bryant@nottingham.ac.uk
Internet address(es)
URL: https://www.nottingham.ac.uk/
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
VI.4.4) Service from which information about the review procedure may be obtained
Trustees of the University of Nottingham Contributory Pension and Assurance Scheme (CPAS)
University of Nottingham
Nottingham
NG7 2RD
UK
E-mail: leanne.bryant@nottingham.ac.uk
Internet address(es)
URL: https://www.nottingham.ac.uk/
VI.5) Date of dispatch of this notice
20/03/2020