Tender for ICT Investment Platform

Tender for ICT Investment Platform

Consolidated capacity to deliver management and/or oversight of core middle and back office activity in respect of investment funds. 

United Kingdom-South Shields: Compliance software package

2017/S 227-473067

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Border to Coast Pensions Partnership Limited
10795539
Town Hall and Civic Offices, Westoe Road
South Shields
NE33 2RL
United Kingdom
Contact person: Mr David Hayward
Telephone: +44 1914247217
E-mail: David.Hayward@southtyneside.gov.uk
NUTS code: UKInternet address(es):Main address: http://www.bordertocoast.org.uk

Address of the buyer profile: http://www.bordertocoast.org.uk

I.2)Joint procurement

I.3)Communication

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

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

ICT Investment Platform (Revised Tender).

Reference number: DN308270

II.1.2)Main CPV code

48170000

II.1.3)Type of contract

Services

II.1.4)Short description:

Contract for the supply and maintenance of an investment ICT platform to Border to Coast Pensions Partnership Limited.

II.1.5)Estimated total value

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)

48200000
48410000
48170000
48441000
48442000

II.2.3)Place of performance

NUTS code: UK
Main site or place of performance:

It is envisaged that the company will be based in Leeds and that the contract will be performed at the Company’s premises there — presently being acquired.

II.2.4)Description of the procurement:

The Company is seeking to procure an ICT investment platform to provide it with consolidated capacity to deliver management and/or oversight of core middle and back office activity in respect of its investment funds. The support will be required across ACS and AIF funds as well as financial and non-financial instruments. It is intended that all front office portfolio management activity across all funds and asset classes will be managed through the single portfolio management platform to be provided by the chosen supplier. The contract is for an initial term of of 4 years with options to extend for 2 further 2 year periods and the estimate of value reflects this.

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: 5 750 000.00 GBP

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

Duration in months: 48
This contract is subject to renewal: yes
Description of renewals:

The contract allows for 2 potential renewals/extensions each of 2 years at the buyer’s election.

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
III.1.3)Technical and professional ability
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
Accelerated procedure
Justification:

This is a re-issue of a tender for a previously abandoned process. The buyer requires the service urgently to meet government requirements for the pooling of LGPS and must begin implementation early in the new year to achieve this.

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: no
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: 11/12/2017
Local time: 13:00
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: 11/12/2017
Local time: 13:00
Place:

The tender seal will be broken by Cumbria County Council’s procurement team at their Carlisle office and the results accessed subsequently by BCPP.

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows

VI.3)Additional information:

BCPP will become an Financial Conduct Authority authorised alternative investment fund manager (AIFM). It is a private limited company owned by the administering authorities of the following Local Government Pension Schemes: Bedfordshire Pension Fund, Cumbria Pension Fund, Durham Pension Fund, East Riding PensionFund, Lincolnshire Pension Fund, North Yorkshire Pension Fund, Northumberland Pension Fund, South Yorkshire Pension Fund, Surrey Pension Fund, Teesside Pension Fund, Tyne and Wear Pension Fund and Warwickshire Pension Fund. Further details are provided in the Invitation to Tender (ITT) available via the portal in Section I.3) of this contract notice. All organisations or groups of organisations who are interested in this contract opportunity are required to complete and return a selection questionnaire and tender to BCPP (available via the details included in this contract notice at Section I.3) by the deadline in Section IV.2.2). BCPP reserves the right to cancel the tender process at any stage for any reason; and/or to amend the terms and conditions of the tender process. BCPP reserves the right to withdraw from the tendering process at any stage and BCPP shall not be liable to any organisation as a result of this action. All organisations are solely responsible for their costs and expenses incurred in participating in the tender process.

Details of the contract can be inspected by registering on the Chest portal operated by Cumbria Council. This can be accessed at: https://www.the-chest.org.uk/

The contract is to be let for an initial period of 4 years. The stated value refers to this period. BCPP intends that there should be an option to take up to 2 2-year extensions to this term.

The value for the contract stated above is based on the full potential duration of 8 years and is an upper estimate of the total value of the opportunity.

VI.4)Procedures for review

VI.4.1)Review body

High Court (Royal Courts of Justice)
The Strand
London
WC2 1AA
United Kingdom
Telephone: +44 2079476000
E-mail: qbenquiries@hmcts.gsi.gov.uk
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:

23/11/2017

 

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