Independent Investments Advisor Contract

Independent Investments Advisor Contract

The Authority wishes to award a contract for an Independent Investments Advisor. The contract will commence 1.9.2016 – 31.8.2019.

United Kingdom-Northallerton: Pension services

2016/S 089-156361

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

North Yorkshire County Council
County Hall, North Yorkshire
Northallerton
DL7 8AD
UNITED KINGDOM
Contact person: Rachel Woodward
Telephone: +44 1609798133
E-mail: rachel.woodward@northyorks.gov.uk
NUTS code: UKE22Internet address(es):Main address: www.northyorks.gov.ukAddress of the buyer profile: http://www.yortender.co.uk
I.2)Joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: http://www.yortender.co.uk
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: https://www.yortender.co.uk/procontract/supplier.nsf/frm_home?ReadForm

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:

Independent Investment Adviser.

Reference number: A63L-G38R0H

II.1.2)Main CPV code

66520000

II.1.3)Type of contract

Services

II.1.4)Short description:

The Authority wishes to award a contract for an Independent Investments Advisor. The contract will commence 1.9.2016 — 31.8.2019, with the option to extend for periods of 1 year, up to a maximum of 3 years (1+1+1) i.e. potential contract length 31.8.2022.

II.1.5)Estimated total value

Value excluding VAT: 180 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no
II.2)Description
II.2.1)Title:
II.2.2)Additional CPV code(s)

II.2.3)Place of performance

NUTS code: UKE22

II.2.4)Description of the procurement:

The Authority wishes to award a contract for an Independent Investments Advisor. The contract will commence 1.9.2016 — 31.8.2019, with the option to extend for periods of 1 year, up to a maximum of 3 years (1+1+1) i.e. potential contract length 31.8.2022. The anticipated contract value is 180 000 GBP.

The core duties include:

— To advise on the strategic asset allocation of the Fund and provide an assessment of ongoing risk associated with the strategy and investment manager structure.

— To advise on the performance of the individual investment managers against the Investment Management Agreements set by the Pension Fund Committee (the Committee) and report in writing on a quarterly basis.

— To draw to the attention of the Committee, or the Treasurer, as appropriate, any significant issues arising under (a) and / or (b) above.

— To give advice verbally and in writing (quarterly) to the Committee and the Treasurer on market conditions and investment matters whenever necessary.

— To attend quarterly meetings of the Committee in North Yorkshire (being 4 meetings of up to 4 hours each) and meetings receiving the presentations of the Fund’s investment managers (being normally 6 meetings of up to 3 hours each).

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: 180 000.00 GBP

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:

The contract will commence 1.9.2016 — 31.8.2019, with the option to extend for periods of 1 year, up to a maximum of 3 years (1+1+1) i.e. potential contract length 31.8.2022.

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged number of candidates: 5

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

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

To access the tender documents you must register your organisation details on the YORtender system on the following linkhttps://www.yortender.co.uk/ by creating a username, password and Company profile. To view details of this contract, click on the Current Opportunities icon, the Opportunity should be displayed on the page; alternatively use the Opportunity Search icon to find the opportunity.

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

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.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Restricted procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction

IV.1.8)Information about the 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

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 31/05/2016
Local time: 12:00

IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

Date: 10/06/2016

IV.2.4)Languages in which tenders or requests to participate may be submitted:

English
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes
VI.2)Information about electronic workflows

VI.3)Additional information:

To access the tender documents you must register your organisation details on the YORtender system on the following the linkhttps://www.yortender.co.uk/ by creating a username, password and Company profile.

To view details of this contract, click on the Current Opportunities icon, the Opportunity should be displayed on the page; alternatively use the Opportunity Search icon to find the opportunity. In the search criteria set:

— Organisation to: North Yorkshire County Council.

— Use the ‘Contains’ search to search by key word or the contract ID: A63L-G38R0H.

— Click search and the details of this contract should be displayed.

Once you locate the tender you will need to express your interest in this tender by clicking the Register tab which will then allow you to download any documentation required, complete and re-attach the documents to the system. This should be done in advance of the deadline date. If you require further information, guidance or support using YORtender please visit the website link https://www.yortender.co.uk which contains an overview of the system as well as detailed guidance for registering and participating in procurement projects. If you have specific system issues please contact the YORtender Help-desk; tel: +448445434580 or email:yorkshiresupport@due-north.com

VI.4)Procedures for review

VI.4.1)Review body

North Yorkshire County Council
Northallerton
DL7 8AD
UNITED KINGDOM

VI.4.2)Body responsible for mediation procedures

North Yorkshire County Council
Northallerton
Dl7 8AD
UNITED KINGDOM
VI.4.3)Review procedure

VI.4.4)Service from which information about the review procedure may be obtained

North Yorkshire County Council
Northallerton
DL7 8AD
UNITED KINGDOM

VI.5)Date of dispatch of this notice:

05/05/2016

 

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