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Contract Notice

Pension Services — Scheme Actuary and Actuarial Consultant, Investment Consultant and Administrator

  • First published: 19 November 2019
  • Last modified: 19 November 2019
  • Version: N/A
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Contents

Summary

OCID:
Published by:
Trustees of the University of Nottingham Contributory Pension and Assurance Scheme (CPAS)
Authority ID:
AA77821
Publication date:
19 November 2019
Deadline date:
19 December 2019
Notice type:
Contract Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

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 1 or 2 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 2 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.

Full notice text

Contract notice

Section I: Contracting authority

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.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge at:

https://in-tendhost.co.uk/universityofnottingham/aspx/Home


Additional information can be obtained from the abovementioned address


Tenders or requests to participate must be sent electronically to:

https://in-tendhost.co.uk/universityofnottingham/aspx/Home


Tenders or requests to participate must be sent to the abovementioned address


Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at:

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 Consultant 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.1.5) Estimated total value

Value excluding VAT: 3 000 000.00  GBP

II.1.6) Information about lots

This contract is divided into lots: Yes

Tenders may be submitted for all lots

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

66141000

66131100

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 1 or 2 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 2 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 is not the only award criterion and all criteria are stated only in the procurement documents

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 84

This contract is subject to renewal: No

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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)

66523000

II.2.3) Place of performance

NUTS code:

UKF14


Main site or place of performance:

II.2.4) Description of the procurement

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 1 or 2 lots. The Trustees are open to appointing 1 provider or 3 different providers for all lots. Please indicate if you are only prepared to act if you are awarded a minimum of 2 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 is not the only award criterion and all criteria are stated only in the procurement documents

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 84

This contract is subject to renewal: No

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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 the Trustees

II.2.2) Additional CPV code(s)

66141000

66523100

66520000

II.2.3) Place of performance

NUTS code:

UKF14


Main site or place of performance:

II.2.4) Description of the procurement

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 1 or 2 lots. The Trustees are open to appointing 1 provider or 3 different providers for all lots. Please indicate if you are only prepared to act if you are awarded a minimum of 2 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 is not the only award criterion and all criteria are stated only in the procurement documents

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 84

This contract is subject to renewal: No

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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 III: Legal, economic, financial and technical information

III.1) Conditions for participation

III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

Described in the selection questionnaire.

III.1.2) Economic and financial standing

Selection criteria as stated in the procurement documents


III.1.3) Technical and professional ability

Selection criteria as stated in the procurement documents


III.2) Conditions related to the contract

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 206-502147

IV.2.2) Time limit for receipt of tenders or requests to participate

Date: 19/12/2019

Local time: 12:00

IV.2.4) Languages in which tenders or requests to participate may be submitted

EN

IV.2.6) Minimum time frame during which the tenderer must maintain the tender

Duration in months: 3 (from the date stated for receipt of tender)

IV.2.7) Conditions for opening of tenders

Date: 19/12/2019

Local time: 12:00

Place:

Section VI: Complementary information

VI.1) Information about recurrence

This is a recurrent procurement: Yes

VI.4) Procedures for review

VI.4.1) Review body

High Court

Strand

London

WC2A 2LL

UK

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

Precise information on deadline(s) for review procedures: in accordance with Regulation 86 and 87 of the Public Contracts Regulations 2015, the contracting authority has incorporated a minimum 10 calendar days standstill period starting from the day when contract award was notified to the bidders. Unsuccessful bidders will be provided with a debrief in the award decision at the start of the standstill period including details of their bid in relation to the winning bid comprising the reasons for the decision, the characteristics and relative advantages of the successful tender, the score of the economic operator and the name of the economic operator to be awarded the contract. Tenderers have a right to appeal provided for within the Public Contracts Regulations 2015. Any such proceedings must be brought in the High Court of England and Wales

VI.5) Date of dispatch of this notice

15/11/2019

Coding

Commodity categories

ID Title Parent category
66523100 Pension fund administration services Pension fund consultancy services
66523000 Pension fund consultancy services Pension services
66141000 Pension fund management services Portfolio management services
66131100 Pension investment services Security brokerage services
66520000 Pension services Insurance and pension services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
leanne.bryant@nottingham.ac.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

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