Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
The Royal Borough of Kensington and Chelsea
Town Hall, 8 Hornton Street
London
W8 7NX
UK
E-mail: procurement@rbkc.gov.uk
NUTS: UK
Internet address(es)
Main address: www.rbkc.gov.uk
Address of the buyer profile: www.rbkc.gov.uk/business-and-enterprise/business-opportunities-and-procurement/procurement-borough
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
Contract Award for the provision of Pension Fund Investment Management Consultancy Services
II.1.2) Main CPV code
66523000
II.1.3) Type of contract
Services
II.1.4) Short description
The Royal Borough of Kensington & Chelsea (RBKC) has awarded a consultancy services contract to Mercer Ltd. The contract is for the provision of pension fund investment management consultancy and was procured using the National LGPS Frameworks under the Investment Management Consultancy Services Framework Agreement (NCCT42289) Lot 1-Investment Consultancy Services via a further competition.
The contract was established for an initial duration of 3 years from 1 September 2023, with the option to extend for 2 years at the RBKC’s discretion.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
500 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66131100
66523000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
London
II.2.4) Description of the procurement
The Investment Consultant is contracted to provide a wide range of advisory services in relation to investment management support and work with the fund’s actuary on an on-going basis in respect of the integrated management of fund assets and liabilities.
II.2.5) Award criteria
Quality criterion: Method Statements
/ Weighting: 35%
Quality criterion: Social Value
/ Weighting: 10%
Quality criterion: Presentation
/ Weighting: 25%
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
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation
Framework call-off contract.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section V: Award of contract
Lot No: 1
Contract No: 1
Title: Contract Award for the provision of Pension Fund Investment Management Consultancy Services
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/08/2023
V.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from EU Member States: 1
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Mercer Limited
1 Tower Place Lower Thames Street
London
EC3R 5BU
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 500 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Public Procurement Review Service
70 Whitehall
London
SW1A 2AS
UK
Internet address(es)
URL: www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit
VI.5) Date of dispatch of this notice
06/09/2023