Tender for Global Custody Services to Hampshire County Council
Appointment of a global custodian to provide services including but not limited to safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting, investment accounting, performance measurement, foreign exchange and cash management.
UK-Winchester: Trust and custody services
Section I: Contracting authority
Hampshire County Council
Corporate Procurement and County Supplies, Bar End Road
Contact point(s): https://in-tendhost.co.uk/hampshire
For the attention of: Jamie Butt
SO23 9NR Winchester
Telephone: +44 1962832323
General address of the contracting authority: http://www.hants.gov.uk
Address of the buyer profile: http://www3.hants.gov.uk/procurement.htm
Electronic access to information: https://in-tendhost.co.uk/hampshire
Electronic submission of tenders and requests to participate: https://in-tendhost.co.uk/hampshire
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
Public order and safety
Economic and financial affairs
Recreation, culture and religion
Section II: Object of the contract
Service category No 6: Financial services a) Insurances services b) Banking and investment services
Main site or location of works, place of delivery or of performance: In the county of Hampshire, for Hampshire County Council who are the administering authority for the Hampshire Pension Fund.
Estimated value excluding VAT:
Range: between 200 000 and 4 500 000 GBP
Description of these options: The Contract will commence on 2.8.2013 for an initial period of five years to expire on 1.8.2018. Subject to satisfactory performance, Hampshire County Council may consider extending this period by a further year or up to maximum period of five years, to have a final maximum expiry date of 1.8.2023.
Number of possible renewals: Range: between 1 and 5
Section III: Legal, economic, financial and technical information
Description of particular conditions: As detailed in the Invitation To Tender and the requirements of Regulation 23 of the Public Contracts Regulations 2006.
Minimum level(s) of standards possibly required: As stated and above requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the Invitation To Tender documents and: Candidates and associated holding companies must have a minimum long term deposit credit rating of at least A2 / A / A (Moody’s / S&P / Fitch) from two providers. Achieve a ‘risk’ score of 50 via a third part company risk assessment or a score between 26 and 49 which may require suitable guarantees and bonds, to be advised. Where a contract is considered to be ‘high’ risk, Hampshire County Council reserves the right to fail candidates if the annual contract value exceeds 20 % of the suppliers’ annual turnover reported in their latest financial accounts. The Candidate acknowledges County Council’s the following minimum insurance levels and that they may be required to increase the level of their insurance to these levels if required prior to award:
Professional Indemnity The Council’s Minimum GBP 5 m.
Public Liability The Council’s Minimum GBP 10 m.
Employers Liability The Council’s Minimum GBP 10 m.
As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the Invitation To Tender documents.
Minimum level(s) of standards possibly required:
As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the Invitation To Tender documents. Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalent law of European Economic Area (EEA) member state. Proof of registration should be provided.
Reference to the relevant law, regulation or administrative provision: Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalent law of European Economic Area (EEA) member state. Proof of registration must be provided.
Section IV: Procedure
Payable documents: no
Section VI: Complementary information
Estimated timing for further notices to be published: Please see section ii.2.2 regarding options and potential timeframes.
This open tender procedure is being conducted via Hampshire County Council’s electronic tender management portal “In-tend” which can be found here: https://in-tendhost.co.uk/hampshire
The candidates will need to register with the above portal to (i) obtain the Invitation To Tender documentation and (ii) submit their tender electronically.
Candidates must direct all questions relating to the tender, in writing via this portal before the 28.1.2013. It cannot be guaranteed that any queries raised outside of the portal and this date will be received and responded to in a timely manner.
Tenders not submitted electronically via the portal and before the deadline, will be not be opened or evaluated.
Any tenders that do not meet the minimum pass / fail requirements stated in section III of this notice and as detailed in the Invitation To Tender, will not be evaluated further.
Any tender that is qualified in anyway will not be evaluated unless such qualifications are withdrawn.
Tenders that meet the above conditions and the stated minimum requirements, may be invited to attend presentations either at the County Council or their own premises.
The County Council reserves the right, post tender submission and for the final stages, to select only the applications that are mathematically capable of winning. More detail is contained within the relevant sections of the Invitation To Tender.
VI.5)Date of dispatch of this notice:19.12.2012