Pension investment services Islington

Pension investment services Islington

Pension Fund Investment Management Arrangement.

UK-London: pension investment services

2012/S 120-199538

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

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

Islington Council Pension Fund
7 Newington Barrow Way
Contact point(s): Ms Joana Marfoh
N7 7EP London
UNITED KINGDOM
Telephone: +44 2075272382
E-mail: joana.marfoh@islington.gov.uk

Internet address(es):

General address of the contracting authority: http://www.islington.gov.uk

Further information can be obtained from: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Aglaya Nickolova / Vikram Aggarwal / Ottavia Sebastiani
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2072402614
Internet address: www.bfinance.co.uk

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: Aglaya Nickolova / Vikram Aggarwal / Ottavia Sebastiani
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2072402614
Internet address: www.bfinance.co.uk

Tenders or requests to participate must be sent to: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Aglaya Nickolova / Vikram Aggarwal / Ottavia Sebastiani
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478600
E-mail: financialinstitutions@bfinance.com
Fax: +44 2072402614
Internet address: www.bfinance.co.uk

I.2)Type of the contracting authority

Regional or local authority
I.3)Main activity

Other: Pension Fund
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:

Pension Fund Investment Management Arrangement.
II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial servicesa)Insurances services b)Banking and investment services
Main site or location of works, place of delivery or of performance: Islington Council Pension Fund.
7 Newington Barrow Way
London, N7 7EP.
United Kingdom.
NUTS code UKI

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)

Manage an investment of circa 10-20 000 000 GBP on behalf of the Islington Council Pension Fund in residential real estate. It is anticipated that one manager will be appointed to manage these assets.
II.1.6)Common procurement vocabulary (CPV)

66131100

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 10-20 000 000 GBP. It is anticipated that one manager will be appointed to manage these assets.
Estimated value excluding VAT:
Range: between 10 000 000,00 and 20 000 000,00 GBP
II.2.2)Information about options

Options: no
II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

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: Providers must be authorised under the Financial Services and Markets Act 2000 and the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009.
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

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

Time limit for receipt of requests for documents or for accessing documents: 30.7.2012
Payable documents: no
IV.3.4)Time limit for receipt of tenders or requests to participate

6.8.2012 – 12:00
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

Duration in months: 6 (from the date stated for receipt of tender)
IV.3.8)Conditions for opening tenders

Date: 6.8.2012
Place:

Clareville House, 26-27 Oxendon Street, London SW1Y 4EL.

Persons authorised to be present at the opening of tenders: yes
Additional information about authorised persons and opening procedure: Suppliers are not able to attend.

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

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: In accordance with the Public Contract Regulaions 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.
VI.4.3)Service from which information about the lodging of appeals may be obtained

Islington Council Pension Fund
7 Newington Barrow Way
N7 7EP London
UNITED KINGDOM

VI.5)Date of dispatch of this notice:

22.6.2012