Pension Fund Property Investment Manager Staffordshire

Pension Fund Property Investment Manager Staffordshire

Management of a segregated UK core direct property mandate (plus up to 20 % in European indirect real estate).

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Staffordshire County Council as the Administering Authority of the Staffordshire Pension Fund
2 Staffordshire Place
Contact point(s): bfinance
For the attention of: Kevin Chan and Derek Williams
ST16 2DH Stafford
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540

Internet address(es):

General address of the contracting authority: www.staffordshire.gov.uk

Further information can be obtained from: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Kevin Chan / Derek Williams
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540
Internet address: www.bfinance.com

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Kevin Chan / Derek Williams
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540
Internet address: www.bfinance.com

Tenders or requests to participate must be sent to: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Kevin Chan / Derek Williams
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540
Internet address: www.bfinance.com

I.2)Type of the contracting authority

Regional or local authority

I.3)Main activity

General public services

I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description

II.1.1)Title attributed to the contract by the contracting authority:

PC477: Pension Fund Property Investment Manager.

II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial services a) Insurances services b) Banking and investment services
NUTS code

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement

II.1.5)Short description of the contract or purchase(s)

Management of a segregated UK core direct property mandate (plus up to 20 % in European indirect real estate).

II.1.6)Common procurement vocabulary (CPV)

6613110066140000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): yes

II.1.8)Lots

This contract is divided into lots: no

II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract

II.2.1)Total quantity or scope:

The assets to be managed are valued at approximately 300 million GBP.

II.2.2)Information about options

Options: yes
Description of these options: The contract may be extended for two further periods of up to 5 years each.

II.2.3)Information about renewals

This contract is subject to renewal: no

II.3)Duration of the contract or time limit for completion

Starting 1.4.2015. Completion 31.3.2025

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no
III.2)Conditions for participation

III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: As detailed in the tender documentation.

III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: As detailed in the tender documentation.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
As detailed in the tender documentation.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts

III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: yes
Reference to the relevant law, regulation or administrative provision: Non FCA/EEA regulated managers should satisfy themselves that they comply with the Local Government Pension Scheme (LGPS) Investment Regulations of 2009. Bidders will preferably have existing or previous experience managing money for investors subject to LGPS.

III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: yes

Section IV: Procedure

IV.1)Type of procedure

IV.1.1)Type of procedure

Restricted

IV.1.2)Limitations on the number of operators who will be invited to tender or to participate

Envisaged minimum number 8: and maximum number 12
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria

IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document

IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:

IV.3.2)Previous publication(s) concerning the same contract

no

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Payable documents: no

IV.3.4)Time limit for receipt of tenders or requests to participate

17.10.2014 – 17:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender
IV.3.8)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no

VI.3)Additional information

It is intended that the contract will continue in force until such time as is determined in accordance with the provisions contained in the contract.
VI.4)Procedures for appeal

VI.4.1)Body responsible for appeal procedures

See section VI.4.2
See section VI.4.2
UNITED KINGDOM

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: Staffordshire County Council as the Administering Authority of the Staffordshire Pension Fund will incorporate a minimum 10 calendar day stand-still period at the point information on the award of the contract is communicated to tenderers. This period allows unsuccessful tenderers to seek further debriefing from the contracting authority before the contract is entered into, in line with the new Remedies Directive. Applicants have 2 working days from the notification of the award decision to request additional debriefing and that information should be required from the contact in part I.1. If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts Regulations 2006 (SI 2006 No. 5) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland). In accordance with the Public Contract Regulations 2006 (as amended) a claimant must generally start proceedings in the High Court within 30 days beginning with the date on which he first knew or ought to have known that grounds for bringing such proceedings had arisen. Where a contract has not been entered into, the Court may order the setting aside of the award decision or order the EN Standard form 02 — Contract notice 12 / 16 authority to amend any document and may award damages. If the Contract has been entered into, the Court may only award damages.

VI.4.3)Service from which information about the lodging of appeals may be obtained

Staffordshire Pension Fund
2 Staffordshire Place
ST16 2LP Stafford
UNITED KINGDOM
Internet address: www.staffordshire.gov.uk

VI.5)Date of dispatch of this notice:

16.9.2014