Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
UK
Telephone: +44 8456002541
E-mail: commercialservices@ppf.co.uk
NUTS: UK
Internet address(es)
Main address: www.ppf.co.uk
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
Investment Performance Reporting System
II.1.2) Main CPV code
72212411
II.1.3) Type of contract
Services
II.1.4) Short description
An investment performance reporting system.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
5 500 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
48411000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
An investment performance reporting system which will deliver improved quality, scalability, efficiency and automation for performance measurement, attribution and risk.
The contract is for a period of 36 months with options to extend to a maximum period of 120 months.
II.2.5) Award criteria
Quality criterion: Technical
/ Weighting: 80 %
Price
/ Weighting:
20 %
II.2.11) Information about options
Options:
Yes
Description of options:
The contract is awarded for a period of 3 years with extensions at the PPF's option of up to 7 years, the maximum duration of the contract will therefore be 10 years.
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
Note that the contract value in section II.1.7) of this notice is the estimated value of the contract assuming all extension options are taken but does not include the cost of all potential additional services, systems, software and licences stated above.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive dialogue
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 242-594961
Section V: Award of contract
Title: Investment Performance Reporting System
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/05/2020
V.2.2) Information about tenders
Number of tenders received: 6
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
FactSet UK Ltd
05323396
Broadgate Quarter, One Snowden Street
London
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:
: 5 500 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
This contract award notice supersedes contract award notice (ref: 2020/S 095-228396) which was issued in error.
The PPF is a continuously developing business within a changing market and it is envisaged that there will be a future requirement for further components, modules or packages within the investment performance reporting area, such as risk, performance measurement and treasury including bespoke developments within the system which are reserved for the PPF's use only. It is fully envisaged that these components and modules will be developed over the life of the contract not only to reflect changes in the market, but also the Board's strategy, including, but not limited to, changes in approach to the amount of investment business retained or brought in-house, the nature and size of the Board's assets and liabilities and the Board's approach to risk and return. This may require additional components and modules not currently listed or development of the services themselves or existing services provided to the Board which support or are supported by these services. It is further envisaged that additional software, including licences, may need to be developed to enhance the services, to increase efficiency and streamline the services, to increase the availability of the services in line with changes in the market, anticipated changes to the Board's strategy over the life of the contract and changes in the nature and size of the Board's assets and liabilities or to develop other services that support or are supported by these services. These additional services, systems, software and licences may result in price revision of the original contract and/or may significantly increase the fees paid in relation to these services over the life of the contract. The Board makes no guarantee as to the nature and extent of such additional services, systems, software or licences. Note that the contract value in section II.1.7) of this notice is the estimated value of the contract assuming all extension options are taken but does not include the cost of all potential additional services, systems, software and licences stated above.
VI.4) Procedures for review
VI.4.1) Review body
The Board of the Pension Protection Fund
Renaissance 12 Dingwall Road Croydon
London
CR0 2NA
UK
VI.5) Date of dispatch of this notice
15/05/2020