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
Section I: Contracting authority
I.1)Name and addresses
Town Hall and Civic Offices, Westoe Road
Contact person: Mr David Hayward
Telephone: +44 1914247217
NUTS code: UKInternet address(es):Main address: http://www.bordertocoast.org.uk
Address of the buyer profile: http://www.bordertocoast.org.uk
I.4)Type of the contracting authority
Section II: Object
ICT Investment Platform (Revised Tender).
II.1.2)Main CPV code
II.1.3)Type of contract
Contract for the supply and maintenance of an investment ICT platform to Border to Coast Pensions Partnership Limited.
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)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.2.7)Duration of the contract, framework agreement or dynamic purchasing system
The contract allows for 2 potential renewals/extensions each of 2 years at the buyer’s election.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
Section IV: Procedure
IV.1.1)Type of procedure
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.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.7)Conditions for opening of tenders
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
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.
Telephone: +44 2079476000
VI.5)Date of dispatch of this notice: