Services - 300774-2018

12/07/2018    S132    - - Services - Contract notice - Competitive dialogue 

United Kingdom-Birkenhead: Pension fund management services

2018/S 132-300774

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses
Wirral Borough Council
Old Market House, 3rd Floor, West Wing, Hamilton Street
Birkenhead
CH41 5AL
United Kingdom
Telephone: +44 1516662000
E-mail: tenders@wirral.gov.uk
Fax: +44 1516663702
NUTS code: UKD74

Internet address(es):

Main address: http://www.wirral.gov.uk/

Address of the buyer profile: http://www.wirral.gov.uk/

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://procontract.due-north.com
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: https://procontract.due-north.com
I.4)Type of the contracting authority
Regional or local authority
I.5)Main activity
General public services

Section II: Object

II.1)Scope of the procurement
II.1.1)Title:

Equity Downside Risk management

Reference number: DN348547
II.1.2)Main CPV code
66141000
II.1.3)Type of contract
Services
II.1.4)Short description:

Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s).

This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures).

Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool.

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)
66000000
II.2.3)Place of performance
NUTS code: UKD74
II.2.4)Description of the procurement:

Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s).

This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures).

Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool.

II.2.5)Award criteria
Criteria below
Quality criterion - Name: Quality / Weighting: 50
Price - Weighting: 50
II.2.6)Estimated value
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 48
This contract is subject to renewal: no
II.2.9)Information about the limits on the number of candidates to be invited
Maximum number: 8
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
Competitive dialogue
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: no
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: 01/08/2018
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
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence
This is a recurrent procurement: no
VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review
VI.4.1)Review body
Royal Courts of Justice
Strand
London
WC2A 2LL
United Kingdom
Telephone: +44 2079476000
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:
10/07/2018