Contract notice
Section I: Contracting
authority
I.1) Name and addresses
LGPS Central
Limitedc/o West Midlands Pension Fund, Mander House, Mander Centre
Wolverhampton
WV1 3NB
UK
Contact person: Mrs Jessica Prince
Telephone: +44 1902556556
E-mail: jessica.prince@wolverhampton.gov.uk
Fax: +44 1902555095
NUTS: UKG
Internet address(es)
Main address: http://www.wolverhampton.gov.uk
Address of the buyer profile: http://www.wolverhampton.gov.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
www.wolverhamptontenders.com
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
www.wolverhamptontenders.com
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
PP17044 — LGPS Central Straight Through Processing — Investment System.
Reference number: DN252871
II.1.2) Main CPV code
72000000
II.1.3) Type of contract
Services
II.1.4) Short description
LGPS Central, the 35 000 000 000 GBP multi-asset investment pool created by 8 Midlands based local government pension funds, is seeking to appoint a suitably qualified and experienced supplier to provide a global, multi-asset, integrated investment management platform that incorporates risk management with portfolio management, trading, compliance and operations. The system should be able to deliver ‘straight through processing’, thus enhancing the efficiency of the investment process and reducing the reliance on manual reconciliation.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKG
II.2.4) Description of the procurement
LGPS Central, the 35 000 000 000 GBP multi-asset investment pool created by 8 Midlands based local government pension funds, is seeking to appoint a suitably qualified and experienced supplier to provide a global, multi-asset, integrated investment management platform that incorporates risk management with portfolio management, trading, compliance and operations. The system should be able to deliver ‘straight through processing’, thus enhancing the efficiency of the investment process and reducing the reliance on manual reconciliation.
Requirements:
— Portfolio Management;
— Trading;
— Operations;
— Compliance and Risk;
— Technology and Infrastructure.
II.2.5) Award criteria
Criteria below:
Quality criterion: Approach and methodology
/ Weighting: 20 %
Quality criterion: Implementation plan
/ Weighting: 25 %
Quality criterion: Team and experience
/ Weighting: 5 %
Quality criterion: Experience of similar projects
/ Weighting: 10 %
Quality criterion: Support (Project management and change management)
/ Weighting: 5 %
Price
/ Weighting:
35 %
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
Option of a 2 year extension.
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
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:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
02/05/2017
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: 60 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
02/05/2017
Local time: 12:00
Place:
Wolverhampton.
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.3) Additional information
Bidders can access the Selection Questionnaire at www.wolverhamptontenders.com and search for ‘PP17044— LGPS Central Straight Through Processing — Investment System’.
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.
VI.4) Procedures for review
VI.4.1) Review body
Director of Governance, Wolverhampton City Council
Civic Centre, St Peter's Square
Wolverhampton
WV1 1RL
UK
E-mail: legal.support@wolverhampton.gov.uk
VI.5) Date of dispatch of this notice
28/03/2017