Tender for Proxy Voting Research and Services

Tender for Proxy Voting Research and Services

Nest Corporation is seeking to work with an organisation that provides proxy voting research and reporting services.

United Kingdom-London: Business services: law, marketing, consulting, recruitment, printing and security

2019/S 246-606361

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Official name: National Employment Savings Trust (NEST)
Postal address: 10 South Colonnade 1st floor
Town: London
NUTS code: UK
Postal code: E14 4PU
Country: United Kingdom
E-mail: Procurement@nestcorporation.org.uk

Internet address(es):Main address: https://www.nestpensions.org.uk/schemeweb/nest.html

I.2)Information about joint procurement

I.3)Communication

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

General public services

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

TEN-1920-022 — Proxy Voting Research and Services

Reference number: TEN-1920-022 – Proxy voting research & services

II.1.2)Main CPV code

79000000

II.1.3)Type of contract

Services

II.1.4)Short description:

Nest Corporation is seeking to work with an organisation that provides proxy voting research and reporting services (the Provider). The Provider will support Nest’s investment team with a number of its stewardship functions primarily around, but not limited to voting. The Provider will have expert knowledge and in-depth analysis on corporate governance as well as social and environmental practices and policies of listed companies globally.

It is essential the Provider should be able to tailor its services and be flexible to Nest’s needs and requirements – which are likely to be different to other more traditional asset owners.

The Provider will serve as an important source of information and expertise for Nest particularly during voting season. It will advise Nest on key issues and watch points ahead of companies’ AGMs.

The selected Provider will support and interact with Nest on an intra-day basis primarily during voting season to help monitor and analyse fund manager voting.

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)

73000000

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Nest Corporation is seeking to work with an organisation that provides proxy voting research and reporting services (the Provider). The Provider will support Nest’s investment team with a number of its stewardship functions primarily around, but not limited to voting. The Provider will have expert knowledge and in-depth analysis on corporate governance as well as social and environmental practices and policies of listed companies globally.

It is essential the Provider should be able to tailor its services and be flexible to Nest’s needs and requirements – which are likely to be different to other more traditional asset owners.

The Provider will serve as an important source of information and expertise for Nest particularly during voting season. It will advise Nest on key issues and watch points ahead of companies’ AGMs.

The selected Provider will support and interact with Nest on an intra-day basis primarily during voting season to help monitor and analyse fund manager voting on a subset of companies.

The contract will be for 3 years duration with the potential to extend for a further 2 years.

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

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

Duration in months: 36
This contract is subject to renewal: yes
Description of renewals:

The contract will be for 3 years duration with the potential to extend for a further 2 years.

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
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: yes
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: 24/01/2020
Local time: 17:00
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: 24/01/2020
Local time: 17:00

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes
VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

Official name: Nest Corporation
Town: London
Country: 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:

18/12/2019