Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Tower Hamlets
Mulberry Place, 5 Clove Crescent, Town Hall
London
E14 2BG
UK
Contact person: Mr Neil Ward
Telephone: +44 2073645000
E-mail: Neil.Ward@towerhamlets.gov.uk
NUTS: UKI4
Internet address(es)
Main address: http://www.towerhamlets.gov.uk
Address of the buyer profile: http://www.towerhamlets.gov.uk
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
R5169_Global Custody Services for Tower Hamlets Pension Fund
Reference number: DN304992
II.1.2) Main CPV code
79200000
II.1.3) Type of contract
Services
II.1.4) Short description
The Global Custody Provider will provide services including but not limited to; safekeeping of assets in a range of global markets; trade settlement; tax reclaims; corporate actions instruction and collection; proxy voting facilitation; foreign exchange services; cash management; investment accounting; online reporting; performance measurement; compliance monitoring; passive currency hedging, and other asset administration services which may arise from time to time.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
125 876.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI4
II.2.4) Description of the procurement
The Local Government Pension Scheme (LGPS) is a national scheme administered on a local basis by The London Borough of Tower Hamlets, providing current and future benefits for approximately scheme members.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ 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
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:
2017/S 209-433531
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
20/02/2018
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
Northern Trust Company
50 Bank Street, Canary Wharf
London
E14 5NT
UK
NUTS: UKI4
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 125 876.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
London borough of Tower Hamlets
London
UK
VI.5) Date of dispatch of this notice
02/05/2018