Contract notice
Section I: Contracting
authority
I.1) Name and addresses
LGPS Central Limited
First Floor, i9, Wolverhampton Interchange
Wolverhampton
WV1 1LH
UK
Contact person: Ann-Marie Patterson
E-mail: ann-marie.patterson@lgpscentral.co.uk
NUTS: UKG39
Internet address(es)
Main address: https://www.lgpscentral.co.uk/
Address of the buyer profile: https://www.lgpscentral.co.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://in-tendhost.co.uk/lgpscentral/
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent to the abovementioned address
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
LGPS Central Global Active Investment Grade Credit Sub-Fund – Manager Procurement
Reference number: LGPSC0031
II.1.2) Main CPV code
66131100
II.1.3) Type of contract
Services
II.1.4) Short description
LGPS Central is looking for Global Investment Grade Credit managers that already have a minimum £5bn of external client money invested in Global Investment Grade Credit as of 30th September 2024 with a five-year track record (to the same date) in managing a Global Active Investment Grade Credit strategy. LGPSC is looking for active managers who utilise a fundamental rather than quantitative approach, evidence of strong performance, and the capability to build a robust and high-quality credit portfolio.This procurement will be split into three stages:Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2)
II.1.5) Estimated total value
Value excluding VAT:
1 800 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66131100
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
II.2.4) Description of the procurement
Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2)
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
1 800 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 48
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
This will be a rolling contract with no fixed end date or minimum duration, however LGPS reserves the right to terminate the contract giving any applicable notice period agreed upon in any pursuant contract. This contract term has been described as 48 months only in the interest of calculating a value.
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:
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
III.2.1) Information about a particular profession
Participation is reserved to a particular profession: Yes
Reference to the relevant law, regulation or administrative provision:
As described in the procurement documents
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
20/12/2024
Local time: 12:00
IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date:
23/12/2024
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: 6 (from the date stated for receipt of tender)
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
LGPS Central Limited
Wolverhampton
UK
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
VI.5) Date of dispatch of this notice
05/12/2024