Pension Fund Custodian Services to Lancashire County Council

Pension Fund Custodian Services to Lancashire County Council

LCPF is a Local Authority Pension Scheme with assets valued at GBP 7 200 000 000 (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services.

United Kingdom-Preston: Pension services

2017/S 244-509646

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Lancashire County Council
2nd Floor Christ Church Precint, County Hall, Preston, Lancashire
Preston
PR1 8XJ
United Kingdom
Contact person: Chris Ridings
E-mail: contractscorporate@lancashire.gov.uk
NUTS code: UKD4Internet address(es):Main address: http://www.lancashire.gov.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.lancashire.gov.uk/corporate/web/?siteid=6864&pageid=41137&e=e
Additional information can be obtained from the abovementioned address
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 Pension Fund Custodian Services To Lancashire County Council

Reference number: CR/CORP/LCC/17/605

II.1.2)Main CPV code

66520000

II.1.3)Type of contract

Services

II.1.4)Short description:

LCPF (Lancashire County Pension Fund) is a Local Authority Pension Scheme with assets valued at GBP 7 200 000 000 (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc.

This contract will be awarded for a period of 3 years with an option to extend of any given period up to a maximum of 3 further years.

The total value of the contract is estimated to be within the range of GBP 900 000 to GBP 2 100 000. Currently valued at GBP 250 000 per annum.

II.1.5)Estimated total value

Value excluding VAT: 1 500 000.00 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)

75320000

II.2.3)Place of performance

NUTS code: UKD4

II.2.4)Description of the procurement:

LCPF (Lancashire County Pension Fund) is a Local Authority Pension Scheme with assets valued at GBP 7 200 000 000 (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc.

This contract will be awarded for a period of 3 years with an option to extend of any given period up to a maximum of 3 further years.

The total value of the contract is estimated to be within the range of GBP 900 000 to GBP 2 100 000. Currently valued at GBP 250 000 per annum.

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: 1 500 000.00 GBP

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

Duration in months: 72
This contract is subject to renewal: yes
Description of renewals:

The contract is for an initial period of 3 years with an option to extend for any given period up to a maximum of a further 3 years.

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

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

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

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

Date: 26/01/2018
Local time: 10:00
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

Duration in months: 6 (from the date stated for receipt of tender)

IV.2.7)Conditions for opening of tenders

Date: 26/01/2018
Local time: 14:30
Place:

Lancashire County Council, County Hall, Preston, PR1 8XJ.

Information about authorised persons and opening procedure:

Tender Opening Procedures shall take place at County Hall every Tuesday and Friday at 14:30 in the presence of 1 officer from the Procurement Service and 1 officer from a separate service.

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about electronic workflows

Electronic invoicing will be accepted

VI.3)Additional information:

The tender documents are available on Lancashire County Council’s electronic tendering site. http://www.lancashire.gov.uk/corporate/web/?siteid=6864&pageid=41137&e=e

Use of this system does not require high specification IT equipment or connections, nor high level personal IT skills/capabilities.

Access to the system/software and advice is free of charge. Please note if you do not already have a supplier account on the new e-tendering system (Oracle), you will be required to obtain a DUNS number, this can take a number of days to be issued and is required as part of the system registration, therefore, tenderers are advised to allow plenty of time for registration and to do this as early as possible during the tender period. Registration is necessary in order to view the tender details and obtain tender documentation.

The LCC reference number for this tender is RFQ 15186217, please quote this number when enquiring about the tender procedure.

For further information please contact: contractscorporate@lancashire.gov.uk

VI.4)Procedures for review

VI.4.1)Review body

Lancashire County Council
Preston
PR1 8XJ
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:

18/12/2017

 

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