Contract award notice – utilities
Section I: Contracting
entity
I.1) Name and addresses
MAG Airport Ltd
11748654
Olympic House, Manchester Airport
Manchester
M90 1QX
UK
Contact person: Tina Yu, Callum O'Brien
E-mail: Tina.Yu@magairports.com
NUTS: UKD3
Internet address(es)
Main address: www.magairports.com
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.6) Main activity
Airport-related activities
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of a Master Trust Defined Contributions Pension Scheme
Reference number: ID 1445
II.1.2) Main CPV code
66522000
II.1.3) Type of contract
Services
II.1.4) Short description
This is an award notice advising of the completion of the following procurement procedure. Following a review of its current defined contributions (DC) scheme, MAG intends to appoint a new defined contributions provider under the Master Trust model. This decision has been taken so that employees of MAG can access a modern pension arrangement which offers full pension freedoms, comprehensive member engagement, a range of investment choices (where members want these); and default and accompanying investment strategies which are aligned to the new pension freedoms. MAG requires the Master Trust to offer members comprehensive support throughout the period of their membership at a competitive charging level.
The contract will serve all of MAG, currently Manchester, London Stansted and East Midlands Airports.
There is no guarantee to the value or volume of work awarded under the contract.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Lowest offer:
/ Highest offer:
II.2) Description
II.2.2) Additional CPV code(s)
66141000
66520000
66523000
66523100
66131100
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
The contract will serve all of MAG, currently Manchester, London Stansted and East Midlands Airports.
II.2.4) Description of the procurement
MAG intends to appoint a new defined contributions (DC) provider under the Master Trust (MT) model. This decision has been taken so that employees of MAG can access a modern pension arrangement which offers full pension freedoms, comprehensive member engagement, a range of investment choices (where members want these); and default and accompanying investment strategies which are aligned to the new pension freedoms. MAG requires the Master Trust to offer members comprehensive support throughout the period of their membership at a competitive charging level.
The contract will serve all of MAG, currently Manchester, London Stansted and East Midlands Airports.
Based on portfolio of current potential members, the value of ongoing contribution is expected to be circa 10 000 000 GBP-12 000 000 GBP p.a. with potential asset transfer value of circa 60 000 000 GBP. Please note that the 'estimated total value' is based on the estimated value of ongoing contribution of 12 000 000,00 GBP per annum. Further details are contained within the procurement documents.
II.2.11) Information about options
Options:
Yes
Description of options:
The contract is to be let for an initial period of 5 years with the option to extend for 2 further periods, each of 5 years reviewable annually and subject to satisfactory performance. Based on portfolio of current potential members, the value of ongoing contribution is expected to be circa 10 000 000 GBP-12 000 000 GBP p.a. with potential asset transfer value of circa 60 000 000 GBP. Please note that the 'estimated total value' is based on the estimated value of ongoing contribution of 12 000 000,00 GBP per annum for the maximum potential term (including extension options). Further details are contained within the procurement documents.
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
Further details are contained within the procurement documents.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Negotiated with call for competition
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 005-008110
Section V: Award of contract
Contract No: 1
Title: Provision of a Master Trust Defined Contributions Pension Scheme
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/10/2019
V.2.2) Information about tenders
The contract has been awarded to a group of economic operators:
No
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
The following procurement has since concluded. To express an interest and participate in this procurement, applicants must register on MAG Source Wax Digital (our E-Sourcing Portal) free of charge at the earliest opportunity (see instructions below).
To register please visit https://esourcing.waxdigital.co.uk/MAG/. Once you have registered on the portal please email: Callum.O’Brien@magairports.com in order for your organisation to be added to this particular procurement event. Please appreciate that due to the confidential nature of this procurement, all applicants will need to agree, sign and return MAG’s non-disclosure agreement for access to be granted to the PQQ documentation. Applicants will only be able to upload/download documents when they have been invited to participate in the relevant procurement event.
If you require technical assistance regarding using the MAG Source Wax Digital system, please contact WAX Digital Ltd quoting the name and telephone number of your organisation on: +44 (0) 161 367 8375, opening hours: Monday-Friday 9.00-17.30.
VI.4) Procedures for review
VI.4.1) Review body
MAG Legal Department
Olympic House, Manchester Airport
Manchester
M90 1QX
UK
VI.5) Date of dispatch of this notice
17/10/2019