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United Kingdom-Bristol: Pension services
Section I: Contracting authority
Main address: https://www.gov.uk/government/organisations/environment-agency
Main address: www.wiltshire.gov.uk
Main address: www.somerset.gov.uk
Main address: www.cornwall.gov.uk
Main address: www.dorsetforyou.gov.uk
Main address: www.gloucestershire.gov.uk
Main address: www.oxfordshire.gov.uk
Main address: https://new.devon.gov.uk/
Main address: www.bathnes.gov.uk
Main address: www.buckscc.gov.uk
Section II: Object
LGPS Pool Administrator.
The purpose of this Tender is to procure contracts for the Brunel Pension Partnership Pension Funds (the Clients) listed in this OJEU notice and a company to be jointly owned by the Clients (the Company, and, together with the Clients, BPP). The successful bidder will be required to enter into the following contracts: One Administrator Services contract with the Company. Ten Custody contracts with each of the Clients individually. The contract with the Company for the Administrator Services will be the master agreement for the entire BPP relationship. More information on the services to be provided under these contracts can be found in the Tender Documents. This procurement is being managed through the Environment Agency's online procurement portal, Bravo.
In July 2015, the government announced in its Budget that they wanted the 89 Local Government Pension Schemes (LGPS) to pool their investments. In response to this agenda, Project BPP was set up to explore the options for pooling investment assets across ten LGPS across the South and Southwest UK. The founding pension scheme Clients are The Environment Agency Pension Fund, of which there are two constituent Local Government pension schemes, and the Avon, Buckinghamshire, Cornwall, Devon, Dorset, Gloucestershire, Oxfordshire, Somerset and Wiltshire local government pension schemes. Project BPP will create an FCA regulated entity (the Company) which will manage the investments of the 11 underlying Clients. The assets under their management will total approximately £25 billion. At the time of this tender the Company is not yet operational. The Company will be incorporated as a private limited company registered in England and Wales under the joint ownership of the Clients prior to the Custodian and Administrator Services contracts being awarded. The purpose of this Tender is to procure the following contracts for the Clients listed in this OJEU notice and the Company: one Administrator Services contract with the Company; and ten Custody contracts with each of the Clients individually. The contract with the Company for the Administration services will be the master agreement for the entire BPP relationship. The term of the Administration Services contract will be for an initial period of 5 years. After the initial period the Company will have the option to extend for three years and then a further two years, resulting in a maximum contract term of 10 years. The Custody Services contracts will have different contract start dates in line with transition, (more details are available in the Tender Document) but will have the same contract end date as the Administration Services contract. More information on the services that are required to be provided under these two forms of contract can be found in the Tender Documents. All contracts will be awarded to one successful bidder. This procurement is being managed through the Environment Agency's online procurement portal, Bravo.
Administration Services contract will be for an initial period of 5 years. After the initial period the Company will have the option to extend for three years and then a further two years, resulting in a maximum contract term of 10 years. The Custody Services contracts will have different contract start dates in line with transition. Conditions for the extensions are in the tender document.
Section III: Legal, economic, financial and technical information
Each economic operator to be jointly and severally liable for the performance of the
Section IV: Procedure
Section VI: Complementary information
Suppliers Instructions How to Express Interest in this Tender~: 1. Register your company on the eSourcing portal (this is only required once) — Browse to the eSourcing Portal: https://defra.bravosolution.co.uk and click the link to register — Accept the terms and conditions and click ‘continue’ — Enter your correct business and user details — Note the username you chose and click ‘Save’ when complete — You will shortly receive an email with your unique password (please keep this secure) 2. Express an Interest in the tender — Login to the portal with the username/password — Click the ‘PQQs / ITTs Open To All Suppliers’ link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier) — Click on the relevant PQQ/ ITT to access the content. — Click the ‘Express Interest’ button at the top of the page. — This will move the PQQ /ITT into your ‘My PQQs/ My ITTs’ page. (This is a secure area reserved for your projects only) -You can now access any attachments by clicking ‘Buyer Attachments’ in the ‘PQQ/ ITT Details’ box 3. Responding to the tender — Click ‘My Response’ under ‘PQQ/ ITT Details’, you can choose to ‘Create Response’ or to ‘Decline to Respond’ (please give a reason if declining) — You can now use the ‘Messages’ function to communicate with the buyer and seek any clarification — Note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ ITT — There may be a mixture of online and offline actions for you to perform (there is detailed online help available) You must then submit your reply using the ‘Submit Response’ button at the top of the page. If you require any further assistance please consult the online help, or contact the eTendering help desk.
Right to Cancel: The Contracting Autority reserves the right to discontinue the procurement process at any time, which shall include the right not to award a framework or contract, and does not bind itself to accept the lowest tender, or any tender received, and reserves the right to award the framework or contract in part, or to call for new tenders should it consider this necessary.
The Contracting Authority shall not be liable for any costs or expenses incurred by any candidate or tenderer in connection with the completion and return of the information requested in this Contract Notice, or in the completion or submission of any tender.
Other Authorities Involved:
The Contract will be available for use by the Clients listed in this Notice as Contracting Authorities and the Company.