Tender for Multi-Asset Portfolio Management System

Tender for Multi-Asset Portfolio Management System

LPP are looking to select and implement an institutional standard investment management system to support its investment management business.

United Kingdom-Preston: Financial and insurance services

2018/S 115-261866

Contract notice


Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Local Pensions Partnership Investments Ltd
County Hall, Fishergate
United Kingdom
Contact person: Stuart Brown
Telephone: +44 1772737625
E-mail: stuart.brown@localpensionspartnership.org.uk
NUTS code: UKI
Internet address(es):Main address: http://www.localpensionspartnership.org.uk
I.2)Information about joint procurement


The procurement documents are available for unrestricted and full direct access, free of charge, at: https://www.contractsfinder.service.gov.uk/Notice/67398f23-aecf-4a75-b872-6a3f6b829f7a
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

Body governed by public law

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement


Multi-Asset Portfolio Management System

Reference number: 180618v1

II.1.2)Main CPV code


II.1.3)Type of contract


II.1.4)Short description:

Local Pensions partnership (LPP) is a pension service provider for Local government pension schemes (LGPS) and other public-sector pension funds. They aim to help clients reduce pension deficits, improve investment returns and lower costs through the core services of investment management, pension administration and risk management.

LPP was formed in 2016 through a collaboration between Lancashire County Council and the London pensions fund authority. Today they manage more than c. 16 000 000 000 GBP of pension assets for investors and provide pensions administration services to more than 540 000 members across LGPS, Fire and police schemes.

LPP are looking to select and implement an institutional standard investment management system to support its investment management business.

II.1.5)Estimated total value

Value excluding VAT: 5 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no

II.2.2)Additional CPV code(s)


II.2.3)Place of performance

NUTS code: UKI

II.2.4)Description of the procurement:

LPP I — the regulated investment business within LPP — are looking to select and implement a portfolio management system to support its investment management business. This initial selection questionnaire will be used to identify suitable systems and vendors, who LPP I and its advisors will invite to participate in a formal selection process. This process will involve responding to a full tender document and being engaged in a process of demonstrations and workshops to understand the use and applicability of systems to LPP I’s requirements.

LPP I expect to procure and implement this system during Q4 2018 and early 2019 with a view to being operational during Q3 2019.

Tendering Instructions.

Tender documentation can be obtained at the following link: https://www.contractsfinder.service.gov.uk/Notice/67398f23-aecf-4a75-b872-6a3f6b829f7a

For further information please contact stuart.brown@localpensionspartnership.org.uk

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: 5 000 000.00 GBP

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

Duration in months: 120
This contract is subject to renewal: yes
Description of renewals:

Contract will be an initial 3 years with 7 x 1 year extensions.

II.2.9)Information about the limits on the number of candidates to be invited

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.1.1)Type of procedure

Competitive procedure with negotiation
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.1.5)Information about negotiation
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: 19/07/2018
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:


IV.2.6)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders

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:
VI.4)Procedures for review

VI.4.1)Review body

Local Pensions Partnership Limited
County Hall, Fishergate
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:


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