Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Flintshire County Council
County Hall, Mold
Flintshire
CH7 6NA
UK
Telephone: +44 1352701814
E-mail: procurement@flintshire.gov.uk
NUTS: UKL23
Internet address(es)
Main address: www.flintshire.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0419
I.1) Name and addresses
The City of Cardiff Council
County Hall, Atlantic Wharf
Cardiff
CF10 4UW
UK
Telephone: +44 2920873732
E-mail: procurement@cardiff.gov.uk
NUTS: UKL22
Internet address(es)
Main address: www.cardiff.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0422
I.1) Name and addresses
City and County of Swansea
Room 3.2.7, Civic Centre
Swansea
SA1 3SN
UK
Telephone: +44 1792637578
E-mail: procurement@swansea.gov.uk
NUTS: UKL18
Internet address(es)
Main address: www.swansea.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0254
I.1) Name and addresses
Torfaen County Borough Council
Civic Centre, Pontypool
Torfaen
NP4 6YB
UK
Telephone: +44 1495762200
E-mail: procurement@flintshire.gov.uk
NUTS: UKL16
Internet address(es)
Main address: www.torfaen.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0498
I.1) Name and addresses
Powys County Council
County Hall
Llandrindod Wells
LD1 5LG
UK
Telephone: +44 01597826000
E-mail: procurement@flintshire.gov.uk
NUTS: UKL24
Internet address(es)
Main address: www.powys.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0354
I.1) Name and addresses
Rhondda Cynon Taf CBC
The Pavilions, Clydach Vale
Tonypandy
CF40 2XX
UK
Telephone: +44 1443744550
E-mail: purchasing@rctcbc.gov.uk
NUTS: UKL15
Internet address(es)
Main address: http://www.rctcbc.gov.uk/
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0276
I.1) Name and addresses
Gwynedd Council
Corporate Procurement Unit,, Council Offices, Shire Hall Street,
Caernarfon
LL55 1SH
UK
Telephone: +44 1286679772
E-mail: alisonevans@gwynedd.llyw.cymru
NUTS: UKL12
Internet address(es)
Main address: www.gwynedd.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0361
I.1) Name and addresses
Carmarthenshire County Council
County Hall
Carmarthen
SA31 1JP
UK
Telephone: +44 1267234567
E-mail: procurement@flintshire.gov.ik
NUTS: UKL1
Internet address(es)
Main address: www.carmarthenshire.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0281
I.2) Joint procurement
The contract involves joint 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
Regulated third party operator to provide a series of collective vehicles for the Wales LGPS
II.1.2) Main CPV code
66131100
II.1.3) Type of contract
Services
II.1.4) Short description
The contracting authority (on behalf of itself, City of Cardiff Council, Swansea City and County Council, Torfaen County Borough Council, Powys County Council, Rhondda Cynon Taf County Borough Council, Carmarthenshire County Council and Gwynedd Council) (together
the “All Wales Pool”) wishes to appoint a regulated third party operator to provide an authorised contractual scheme and other UK collective investment vehicles in order to benefit from economies of scale from the management of Welsh LGPS pension fund assets.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
21 000 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66141000
66522000
66523000
66523100
II.2.3) Place of performance
NUTS code:
UKL23
II.2.4) Description of the procurement
The contracting authority (on behalf of itself, City of Cardiff Council, Swansea City and County Council, Torfaen County Borough Council, Powys County Council, Rhondda Cynon Taf County Borough Council, Carmarthenshire County Council and Gwynedd Council) (together
the “All Wales Pool”) wishes to appoint a regulated third party operator to provide an authorised contractual scheme and other UK collective investment vehicles in order to benefit from
economies of scale from the management of Welsh LGPS pension fund assets. The authority shall conduct a procurement process subject to the restricted procedure in accordance with the Public Contracts Regulations 2015 and Directive 2014/24/EU The project will comprise a single contract (the "Operator Agreement") comprising core operator services and discretionary ancillary advisory services. We expect to appoint a single contractor able to deliver, whether itself or with its named sub-contractor(s),the services. If a sub-contracted model is proposed by an Applicant, the Applicant must be the prime contractor who must also perform the core operator services. Applicants may not participate in more than one tender response. A draft services specification is included in the selection questionnaire which explains in full the scope of services. Broadly, the services involve the establishment and operation of an ACS and other UK collective investment vehicles; the preparation, maintenance and adherence to policies and processes required by regulators in relation to the operation of selected investment vehicles including provision of regulatory capital; the establishment and management of a range of sub-funds;management of investment managers and other third parties; reporting on fund performance; and maintenance of pricing of assets/shares.
The evaluation criteria will be specified in the Invitation to Tender. The Authority envisages that the criteria will be within the following specific ranges:-
Service Delivery:65-75%
Legal: 5%
Price: 25-35%
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 75
Price
/ Weighting:
25
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
Restricted 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 050-092093
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
22/12/2017
V.2.2) Information about tenders
Number of tenders received: 8
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Link Fund Solutions Limited
65 gresham Street
London
EC2V 7NQ
UK
Telephone: +44 2072047843
NUTS: UKI31
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 21 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
Any economic operator that wishes to receive a copy of the Selection Questionnaire must send a request to WalesPoolProcurement@Hymans.co.uk and not to any other person or authority. Responses to the Selection Questionnaire must be submitted to the same email address no later than the date shown in section 4.2 of this Contract Notice
The Buyer is acting on behalf of the following organisations:
Cardiff City Council, Swansea City and County Council, Torfaen County Borough Council, Powys County Council,, Rhondda Cynon Taf County Borough Council, Carmarthenshire County Council, Gwynedd Council
(WA Ref:81003)
VI.4) Procedures for review
VI.4.1) Review body
Flintshire County Council
County Hall, Mold
Flintshire
CH7 6NA
UK
Telephone: +44 1352701814
Internet address(es)
URL: www.flintshire.gov.uk
VI.4.2) Body responsible for mediation procedures
Royal Courts of Justice
London
UK
VI.5) Date of dispatch of this notice
21/05/2018