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Summary

OCID:
Published by:: LGPS Central Limited
Authority ID:: AA57662
Publication date:: 21 December 2016
Deadline date:: 16 January 2017
Notice type:: Contract Notice
Has documents:: No
Has SPD:: No
Has Carbon Reduction Plan:: N/A

Abstract

Eight Local Government Pension Funds, all based in the Midlands, intend to create an investment pool. Which will see the creation of a multi asset investment pool of 35 000 000 000 GBP. The Participating Funds in the LGPS Central Investment Pool are Cheshire, Derbyshire, Leicestershire,

Nottinghamshire, Shropshire, Staffordshire, West Midlands (including the West Midlands Integrated Transport Authority) and Worcestershire.

Full notice text

CONTRACT NOTICE – OFFICIAL JOURNAL

Section I: Contracting Authority

I.1)

Name, Address and Contact Point(s)

Official Name: LGPS Central Limited
Postal Address: c/o West Midlands Pension Fund, Mander House, Mander Centre
Town: Wolverhampton	Postal Code: WV1 3NB	Country: UK
Contact Point: Procurement, Wolverhampton City Council For the attention of: Jessica Prince	Telephone: +44 1902555065
E-Mail: jessica.prince@wolverhampton.gov.uk	Fax:
General Address of the contracting authority (URL) http://wolverhampton.gov.uk Address of the Buyers Profile (URL) Electronic access to information www.wolverhamptontenders.com Electronic submission of tenders and requests to participate www.wolverhamptontenders.com

Further information can be obtained at:	As in above mentioned contact point(s) Other: Please complete Annex A.I
Specifications and further documents can be obtained at:	As in above mentioned contact point(s) Other: Please complete Annex A.II
Tenders or requests to participate must be sent to:	As in above mentioned contact point(s) Other: Please complete Annex A.III

I.2)

Type of contracting Authority and Main Activity or Activities

	Ministry or any other national or federal authority, including their regional or local sub-divisions
	National or federal agency/Office
	Regional or local Authority
	Regional or local Agency/Office
	Body governed by public law
	European Institution/Agency or International Organisation

	General public services
	Defence
	Public order and safety
	Environment
	Economic and financial affairs
	Health
	Housing and community amenities
	Social protection
	Recreation, culture and religion
	Education

The contracting authority is purchasing on behalf of other contracting authorities: No

Section II: Object of the Contract

II.1)

Description

II.1.1)

Title attributed to the contract by the contracting authority

PP16162 — LGPS Central Depositary and Asset Services.

II.1.2(a))

Type of works contract

II.1.2(b))

Type of supplies contract

II.1.2(c))

Type of service contract

Service category 6

II.1.2)

Main site or location of works, place of delivery or performance

Wolverhampton.

NUTS Code UKG35

II.1.3)

This notice involves

A public contract
The setting up of a Dynamic Purchasing System
The establishment of a framework agreement

II.1.4)

Information on framework agreement (if applicable)

Framework agreement with a single operators
Framework agreement with several operators

Number of participants to the framework agreement envisaged

Duration of the framework agreement

Justification for a framework agreement the duration of which exceeds four years

Estimated total value of purchases for the entire duration of the framework agreement

Frequency and value of the contracts to be awarded

II.1.5)

Short description of the contract or purchase(s)

Nottinghamshire, Shropshire, Staffordshire, West Midlands (including the West Midlands Integrated Transport Authority) and Worcestershire.

II.1.6)

Common Procurement Vocabulary (CPV)

	Main vocabulary	Supplementary vocabulary (when applicable)
Main object	66000000
Additional objects

II.1.7)

Contract covered by the Government Procurement Agreement (GPA)

II.1.8)

Division into lots

II.1.9)

Will variants be accepted

Yes

II.2)

Quantity or Scope of the Contract

II.2.1)

Total quantity or scope

Nottinghamshire, Shropshire, Staffordshire, West Midlands (including the West Midlands Integrated Transport Authority) and Worcestershire.

The collaboration will aim to deliver cost savings and to build on the individual participating Funds' strong investment performances by providing scale, increased resilience, knowledge sharing and robust governance and decision making arrangements.

Individual participating Funds will continue to retain their separate identities and local accountability. The collaboration will offer an equal say in the oversight of the new entity to each participating Fund.

LGPS Central Limited is a company jointly owned by the participating local authorities and will be responsible for providing centralised administration services.

Further information in relation to the Investment Pooling can be found at: http://www.wmpfonline.com/CHttpHandler.ashx?id=10550&p=0

Further information in relation to the individual LGPS Funds can be found at:

Cheshire: http://www.cheshirepensionfund.org/

Derbyshire: http://www.derbyshire.gov.uk/working_for_us/pensions/

Leicestershire: http://www.leics.gov.uk/pensions

Nottinghamshire: http://www.nottspf.org.uk/

Shropshire: https://shropshirecountypensionfund.co.uk/

Staffordshire: https://www.staffspf.org.uk/Home.aspx

West Midlands: http://www.wmpfonline.com/

Worcestershire: http://www.worcestershire.gov.uk/pensions

LGPS Central Limited is seeking a provider to undertake depositary and custody services: registrar and transfer agency services: and administration services. The successful bidder will enter into one or more contracts to provide these services.

LGPS Central Limited reserves the right to cancel the procurement process at any stage for any reason; to amend the terms and conditions; and/or to vary the scope of the services required and it shall not be liable to any bidder as a result of this action. All bidders are solely responsible for their costs and expenses incurred in connection with the preparation and submission of their proposal.

Any agreement entered into will be governed by English and Welsh law and will be subject to the exclusive jurisdiction of the English Courts.

The procurement process will have two stages. The first stage is a selection process to select a shortlist of up to four bidders. For the first stage bidders are required to complete a selection questionnaire and return using the e-tendering portal at www.wolverhamptontenders.com and searching for ‘PP16162 — LGPS Central Depositary and Asset Services’.

Bidders selected for the second stage will be required to submit a detailed proposal and negotiate with the authority. A preferred bidder will be selected by May 2017 and further negotiation will be undertaken to agree a final contract and pricing by the end of 2017.

Please note that the Authority considers that the services being required pursuant to this notice are services which are exempt from the Public Contracts Regulations (and Directive 2014/24/EU of the European Parliament and of the Council ) as being comprised of services falling within the exemption in regulation 10(1)(e) of the Public Contracts Regulations 2015. Accordingly this represents a voluntary contract notice only and not one which it is required to publish to comply with the Public Contracts Regulations. Its decision to issue this notice in the official journal should not be taken to indicate any intention to follow the negotiated procedure or any other procedure or comply with any requirements under the Public Contracts Regulations 2015 (or the Directive), nor will it be (irrespective of this notice) under any obligation to do so.

Estimated value range between10 000 000and 20 000 000
Currency: GBP

II.2.2)

Options

Provisional timetable for recourse to these options

Number of possible renewals

In the case of renewable supplies or service contracts, estimated time frame for subsequent contracts

60 months (from award of the contract)

II.3)

Duration of the contract or limit for completion

Period in month/s: 60(from the award of the contract)

Section III: Legal, Economic, Financial and Technical Information

III.1)

Conditions Relating to the Contract

III.1.1)

Deposits and guarantees required

Details of the deposits and guarantees will be set out in the second stage documentation.

III.1.2)

Main Terms of financing and payment and/or reference to the relevant provisions

Details of the main terms and conditions of financing and payment will be set out in the second stage documentation.

III.1.3)

Legal form to be taken by the grouping of suppliers, contractors or service providers to whom the contract is to be awarded

Jointly and severally liable.

III.1.4)

Other particular conditions to which the performance of the contract is subject

III.2)

Conditions for Participation

III.2.1)

Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if requirements are met:

III.2.2)

Economic and financial capacity

Information and formalities necessary for evaluating if requirements are met:

As set out in the Selection Questionnaire.

Minimum level(s) of standard possibly required

As set out in the Selection Questionnaire.

III.2.3)

Technical capacity

Information and formalities necessary for evaluating if requirements are met:

As set out in the Selection Questionnaire.

Minimum level(s) of standard possibly required

As set out in the Selection Questionnaire.

III.2.4)

Reserved contracts

The contract is restricted to sheltered workshops
The execution of the contract is restricted to the framework of sheltered employment programmes

III.3)

Conditions Specific to Service Contracts

III.3.1)

Is provision of the service reserved to a specific profession?

III.3.2)

Will legal entities be required to state the names and professional qualifications of the personnel responsible for the execution of the service?

Section IV: Procedure

IV.1)

Type of Procedure

Open		Restricted
Accelerated restricted		Negotiated
Accelerated negotiated		Competitive dialogue

Justification for the choice of accelerated procedure

IV.1.1)

Have candidates already been selected?

IV.1.2)

Limitations on the number of operators who will be invited to tender or to participate

Envisaged minimum number 2 and maximum number 4

Objective criteria for choosing the limited number of candidates

As set out in the Selection Questionnaire.

IV.1.3)

Reduction of the number of operators during the negotiation or dialogue

Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated

IV.2)

Award Criteria

A) Lowest Price No

B) The most economically advantageous tender in terms of:

B1) Criteria as stated in contract documents: No

B2) Criteria as stated below: Yes

	Criteria	Weighting
1	Quality	40
2	Price	60

IV.2.2)

An electronic auction will be used

IV.3 Administrative Information

IV.3.1)

Reference number attributed to the notice by the contracting authority

PP16162 - LGPS Central Depositary and Asset Services

IV.3.2)

Previous publication(s) concerning the same contract

Prior Information Notice
Notice on a Buyer Profile

Other previous publications

IV.3.3)

Conditions for obtaining specifications and additional documents

Obtainable until 16-01-2017 12:00

Price (where applicable) Currency:

Terms and method of payment:

IV.3.4)

Time-limit for receipt of tenders or requests to participate

16-01-2017 12:00

IV.3.5)

Date of dispatch of invitations to tender or to participate to selected candidates

Estimated date 06-02-2017

IV.3.6)

Language or languages in which tenders or requests to participate can be drawn up

IV.3.7)

Minimum time frame during which the tenderer must maintain the tender

IV.3.8)

Conditions for opening tenders

Persons authorised to be present at the opening of tenders (where applicable)

Date:
Place

Section VI: Other Information

VI.1)

Indicate whether this procurement is a recurrent one and the Estimated timing for further notices to be published

VI.2)

Does the contract relate to a Project/Programme financed by Community Funds?

No

If yes, indicate the project/programme and any useful reference

VI.3)

Additional Information

BIdders can access the Selection Questionnaire at www.wolverhamptontenders.com and search for ‘PP16162 — LGPS Central Depositary and Asset Services’

VI.4)

Procedures for appeal

VI.4.1)

Body responsible for appeal procedures

Official Name: Director of Governance, Wolverhampton City Council
Postal Address: Civic Centre, St Peters Square
Town: Wolverhampton	Postal Code: WV1 1RL	Country: UK
E-Mail: legal.support@wolverhampton.gov.uk	Telephone:
Internet address (URL):	Fax:

Body responsible for mediation procedures

Official Name:
Postal Address:
Town:	Postal Code:	Country:
E-Mail:	Telephone:
Internet address (URL):	Fax:

VI.4.2)

Lodging of appeals
Precise information on deadline(s) for lodging appeals:

VI.4.3)

Service from which information about the lodging of appeals may be obtained

Official Name:
Postal Address:
Town:	Postal Code:	Country:
E-Mail:	Telephone:
Internet address (URL):	Fax:

VI.5)

Dispatch date of this Notice

16-12-2016

SF 22

Coding

Commodity categories

ID	Title	Parent category
66000000	Financial and insurance services	Finance and Related 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:: jessica.prince@wolverhampton.gov.uk
Admin contact:: N/a
Technical contact:: N/a
Other contact:: N/a

Further information

Date	Details
No further information has been uploaded.

PP16162 — LGPS Central Depositary and Asset Services.

Contents

Summary

Abstract

Full notice text

CONTRACT NOTICE – OFFICIAL JOURNAL

Section I: Contracting Authority

I.1)

Name, Address and Contact Point(s)

I.2)

Type of contracting Authority and Main Activity or Activities

Section II: Object of the Contract

II.1)

Description

II.1.1)

Title attributed to the contract by the contracting authority

II.1.2(a))

Type of works contract

II.1.2(b))

Type of supplies contract

II.1.2(c))

Type of service contract

II.1.2)

Main site or location of works, place of delivery or performance

II.1.3)

This notice involves

II.1.4)

Information on framework agreement (if applicable)

Number of participants to the framework agreement envisaged

Duration of the framework agreement

Justification for a framework agreement the duration of which exceeds four years

Estimated total value of purchases for the entire duration of the framework agreement

Frequency and value of the contracts to be awarded

II.1.5)

Short description of the contract or purchase(s)

II.1.6)

Common Procurement Vocabulary (CPV)

II.1.7)

Contract covered by the Government Procurement Agreement (GPA)

II.1.8)

Division into lots

II.1.9)

Will variants be accepted

II.2)

Quantity or Scope of the Contract

II.2.1)

Total quantity or scope

II.2.2)

Options

Provisional timetable for recourse to these options

Number of possible renewals

In the case of renewable supplies or service contracts, estimated time frame for subsequent contracts

II.3)

Duration of the contract or limit for completion

Section III: Legal, Economic, Financial and Technical Information

III.1)

Conditions Relating to the Contract

III.1.1)

Deposits and guarantees required

III.1.2)

Main Terms of financing and payment and/or reference to the relevant provisions

III.1.3)

Legal form to be taken by the grouping of suppliers, contractors or service providers to whom the contract is to be awarded

III.1.4)

Other particular conditions to which the performance of the contract is subject

III.2)

Conditions for Participation

III.2.1)

Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

III.2.2)

Economic and financial capacity

III.2.3)

Technical capacity

III.2.4)

Reserved contracts

III.3)

Conditions Specific to Service Contracts

III.3.1)

Is provision of the service reserved to a specific profession?

III.3.2)

Lodging of appeals
Precise information on deadline(s) for lodging appeals: