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352474-2017 - Competition
Notice View
Summary
I.1.
Name and addresses
Official name: Kent County Council
Official name: Kent County Council
Postal address: County Hall
Town: Maidstone
NUTS code: UKJ South East (England)
Postal code: ME14 1XQ
Country: United Kingdom
Contact person: Mrs Katherine Clark
E-mail: katherine.clark@kent.gov.uk
Telephone: +44 3000411290
Internet address(es):
Main address: http://www.kent.gov.uk
Address of the buyer profile: http://www.kent.gov.uk
I.5.
Main activity
General public services
General public services
II.1.1.
Title
ACCESS LGPS Pool Operator.
Reference number: DN278237
II.1.2.
Main CPV code
66141000 Pension fund management services
66141000 Pension fund management services
II.1.3.
Type of contract
Services
Services
II.1.5.
Estimated total value
Value excluding VAT: 25 000 000,00 GBP
Value excluding VAT: 25 000 000,00 GBP
II.1.6.
Information about lots
This contract is divided into lots: no
This contract is divided into lots: no
II.2.2.
Additional CPV code(s)
66100000 Banking and investment services
66100000 Banking and investment services
II.2.3.
Place of performance
NUTS code: UKJ South East (England)
II.2.7.
Duration of the contract, framework agreement or dynamic purchasing system
End: 31/01/2025
End: 31/01/2025
This contract is subject to renewal: yes
Description of renewals:
The contract is anticipated to commence upon 1.2.2018 and will continue for a period of 5 years with an option to extend for a further period(s) of up to 2 years unless terminated in accordance with the Conditions of Contract on the Kent Business Portal.
IV.2.1.
IV.2.2.
Time limit for receipt of tenders or requests to participate
Date: 06/10/2017 Local time: 12:00
Date: 06/10/2017 Local time: 12:00
IV.2.4.
Languages in which tenders or requests to participate may be submitted
English
English
VI.5.
Date of dispatch of this notice
05/09/2017
05/09/2017
Languages and formats
Notice
Official language
352474-2017 - CompetitionSee the notice on TED website
352474-2017
352474-2017 - CompetitionUnited Kingdom-Maidstone: Pension fund management services
OJ S 172/2017 08/09/2017
Contract notice
Services
Legal Basis:
Directive 2014/24/EU
Section I: Contracting authority
I.1.
Name and addresses
Official name: Kent County Council
Official name: Kent County Council
Postal address: County Hall
Town: Maidstone
NUTS code: UKJ South East (England)
Postal code: ME14 1XQ
Country: United Kingdom
Contact person: Mrs Katherine Clark
E-mail: katherine.clark@kent.gov.uk
Telephone: +44 3000411290
Internet address(es):
Main address: http://www.kent.gov.uk
Address of the buyer profile: http://www.kent.gov.uk
I.3.
Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at: www.kentbusinessportal.org.uk
The procurement documents are available for unrestricted and full direct access, free of charge, at: www.kentbusinessportal.org.uk
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: www.kentbusinessportal.org.uk
I.4.
Type of the contracting authority
Regional or local authority
Regional or local authority
I.5.
Main activity
General public services
General public services
Section II: Object
II.1.
Scope of the procurement
II.1.1.
Title
ACCESS LGPS Pool Operator.
Reference number: DN278237
II.1.2.
Main CPV code
66141000 Pension fund management services
66141000 Pension fund management services
II.1.3.
Type of contract
Services
Services
II.1.4.
Short description
This procurement is being undertaken by Kent County Council on behalf of the ACCESS (A Collaboration of Central, Eastern and Southern Shires) Pool's (‘the Pool’) Administering Authorities; a pool of eleven UK Local Government pension schemes as listed in Section II.2.4 below. The contract will also be accessible by any other LGPS Authority (for the list of LGPS member Authorities see http://www.lgpsboard.org/index.php/fund-annual-reports-2016) that joins the Pool at any time.
The object of the procurement is a contract for the services of an FCA regulated, or equivalent EEA financial services regulated, Operator (the ‘Operator’) who will be responsible for establishing and operating an umbrella Authorised Contractual Scheme (‘ACS’) and to facilitate the provision of other collective investment schemes for the benefit of the Pool, exclusively for the Pool.
II.1.5.
Estimated total value
Value excluding VAT: 25 000 000,00 GBP
Value excluding VAT: 25 000 000,00 GBP
II.1.6.
Information about lots
This contract is divided into lots: no
This contract is divided into lots: no
II.2.
Description
II.2.2.
Additional CPV code(s)
66100000 Banking and investment services
66100000 Banking and investment services
II.2.3.
Place of performance
NUTS code: UKJ South East (England)
II.2.4.
Description of the procurement
The ACCESS Pool Administering Authorities are Cambridgeshire County Council, East Sussex County Council, Essex County Council, Hampshire County Council, Hertfordshire County Council, Isle of Wight Council, Kent County Council, Norfolk County Council, Northamptonshire County Council, Suffolk County Council, West Sussex County Council.
On behalf of the ACCESS Pool Administering Authorities, Kent County Council are seeking to procure the services of an FCA regulated, or or equivalent EEA financial services regulated, CIV Operator. The CIV Operator will be responsible for establishing and operating an Authorised Contractual Scheme (ACS) and other collective investment vehicles, exclusively for the Pool, which is expected to have in the region of 25-35 sub-funds. Its key functions will be to establish investment sub-funds, and to appoint, manage and dismiss investment managers of those funds. The Administering Authorities require all major asset classes to be available, including as a minimum, equities, fixed income, multi asset and property. The successful Supplier will provide quarterly reporting to the Pool on a range of monitoring metrics and Key Performance Indicators.
The successful Supplier will be required to apply for and obtain all the necessary regulatory authorisations required to operate the ACS. The supplier will be required to exercise best endeavours to have the ACS ready for investment in order for the transfer of assets to occur.
Further background and technical information can be found within the tender documentation.
Contract award will be based on the Most Economically Advantageous Tender based upon the criteria specified within the Invitation to Tender.
The Administering Authorities may choose to include optional ancillary services as detailed in the Invitation to Tender. These are not part of the core requirement, and do not form any part of the evaluation.
II.2.5.
Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
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
End: 31/01/2025
End: 31/01/2025
This contract is subject to renewal: yes
Description of renewals:
The contract is anticipated to commence upon 1.2.2018 and will continue for a period of 5 years with an option to extend for a further period(s) of up to 2 years unless terminated in accordance with the Conditions of Contract on the Kent Business Portal.
II.2.10.
Information about variants
Variants will be accepted: no
Variants will be accepted: no
II.2.11.
Information about options
Options: yes
Options: yes
Description of options:
See Section II.2.4 — Description of the procurement.
II.2.13.
Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds: no
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.1.2.
Economic and financial standing
Selection criteria as stated in the procurement documents
Selection criteria as stated in the procurement documents
III.1.3.
Technical and professional ability
Selection criteria as stated in the procurement documents
Selection criteria as stated in the procurement documents
III.2.
Conditions related to the contract
III.2.1.
Information about a particular profession
Execution of the service is reserved to a particular professionReference to the relevant law, regulation or administrative provision:
Execution of the service is reserved to a particular professionReference to the relevant law, regulation or administrative provision:
The Operator is a full-scope UK AIFM and has obtained Part 4A Permission from the FCA in order to carrying out the regulated activity of ‘managing an authorised AIF’ specified in article 51ZC of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 and is permitted to carry on the activities under FUND 1.4.3 (1),(3),(4) and (6) or the Operator is an EEA AIFM and authorised in an EEA State and the EEA AIFM's home Member State competent authority has sent the relevant notification forms, in accordance with the requirements of the AIFMD, to the FCA for these purposes.
Section IV: Procedure
IV.1.
Description
IV.1.1.
Type of procedure
Open procedure
Open procedure
IV.1.3.
Information about a framework agreement or a dynamic purchasing system
IV.1.8.
Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: yes
The procurement is covered by the Government Procurement Agreement: yes
IV.2.
Administrative information
IV.2.1.
IV.2.2.
Time limit for receipt of tenders or requests to participate
Date: 06/10/2017 Local time: 12:00
Date: 06/10/2017 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
English
English
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)
Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7.
Conditions for opening of tenders
Date: 06/10/2017 Local time: 12:00
Date: 06/10/2017 Local time: 12:00
Section VI: Complementary information
VI.1.
Information about recurrence
This is a recurrent procurement: yes
This is a recurrent procurement: yes
VI.2.
Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.3.
Additional information
VI.4.
Procedures for review
VI.4.1.
Review body
Official name: Kent County Council (on behalf of the Pool)
Official name: Kent County Council (on behalf of the Pool)
Postal address: County Hall
Town: Maidstone
Postal code: ME14 1XQ
Country: United Kingdom
VI.5.
Date of dispatch of this notice
05/09/2017
05/09/2017
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