Investment Consultancy Services Contract London

Investment Consultancy Services Contract London

Westminster City Council on behalf of The Royal Borough of Kensington and Chelsea (RBKC) intends to procure a contract for the Provision of Investment Consultancy Services for RBKC Pension Fund.

United Kingdom-London: Business and management consultancy services

2017/S 066-124335

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

The Royal Borough of Kensington and Chelsea (RBKC)
5 Strand
London
WC2N 5HR
United Kingdom
Contact person: Raj Sandhu
E-mail: rsandhu@westminster.gov.uk
NUTS code: UKI
Internet address(es):Main address: https://www.capitalesourcing.com
I.2)Joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: https://www.capitalesourcing.com
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: https://www.capitalesourcing.com
Tenders or requests to participate must be submitted to the abovementioned address

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:

Provision of Investment Consultancy Services.

II.1.2)Main CPV code

79410000

II.1.3)Type of contract

Services

II.1.4)Short description:

Westminster City Council (WCC) on behalf of The Royal Borough of Kensington and Chelsea (RBKC) intends to procure a contract for the Provision of Investment Consultancy Services for RBKC Pension Fund.

II.1.5)Estimated total value

Value excluding VAT: 350 000.00 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: UKI

II.2.4)Description of the procurement:

RBKC is considering the following services by the Investment Consultancy Provider:

1. Advise and provide challenge to the committee on different investment asset classes;

2. Review and advice on asset allocation and investment strategy;

3. Regular monitoring and reporting of investment managers performance;

4. Advice and support on Fund Managers, Custodian and Transition managers appointments and terminations;

5. Undertake asset and liability modelling along with the Fund actuary;

6. Advice on Corporate Governance, Class Action and Socially Responsible policies;

7. Attendance at committee meetings and provide ad-hoc reports by the agreed time-scales;

8. Provide training to Committee members and officers.

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

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Start: 01/09/2017
End: 31/08/2020
This contract is subject to renewal: yes
Description of renewals:

2 year extension period.

II.2.10)Information about variants

Variants will be accepted: yes

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

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

Execution of the service is reserved to a particular profession
III.2.2)Contract performance conditions:

III.2.3)Information about staff responsible for the performance of the contract

Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Open 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

Notice number in the OJ S: 2016/S 212-386118

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

Date: 03/05/2017
Local time: 12:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

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

Date: 03/05/2017
Local time: 12:00

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about electronic workflows

Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

The Royal Borough of Kensington and Chelsea (RBKC)
London
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

31/03/2017

 

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