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AwardedFind a Tender · award

Asset Class Modelling & Allocation Services

Buyer: LONDON LGPS CIV LIMITED →

BuyerLONDON LGPS CIV LIMITED
StatusAwarded
DeadlineNot published
ValueValue not published
Published1 Aug 2025

What is being bought

LCIV wishes to procure data sets and modelling, scenario and risk analysis tools and related services which will be used to support the delivery of asset class modelling and allocation services to our Partner Funds, including advising on the appropriate risk profile for Partner Funds to take into account their strategic objectives and risk appetites. The data, tools and services must cover the full range of public and private market strategies used by the London Local Authority LGPS. LCIV is inviting suppliers to bid their respective solutions, including proof-of-concept presentations which will enable bidders to demonstrate (and LCIV to evaluate) detailed functional capabilities of the proposed solutions, and the method of delivery of these solutions to the authority. We anticipate that the appointed supplier will enter into a single agreement with LCIV for the provision of data and services and that such data and services will be allowed to be passed onto shared with our Partner Funds where they have a contractual agreement with LCIV for such services.

Lot details

Lot 1

No lot description published.

Statuscomplete

Comparable-procurement analytics

No usable CPV category has been published, so a comparable market set cannot yet be built.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

1

Statuspending
Value£750,000
Contract periodFrom 1 Sept 2025 to 31 Aug 2028

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-04fa80
Latest release ID045170-2025
Latest release timestampFri Aug 01 2025 11:05:45 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsCompetitive flexible procedure
Main procurement categoryNot published
Above thresholdNot published
Legal basis2023/54
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source0
Tender documents in source0
Awards in latest release1
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
1 Aug 2025award, contract045170-2025
8 Apr 2025tenderUpdate013702-2025
31 Mar 2025tender011951-2025

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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Complete JSON history (3 releases)
1 Aug 2025 · 045170-2025 · award, contract
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8 Apr 2025 · 013702-2025 · tenderUpdate
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    }
  ],
  "language": "en",
  "planning": {
    "noEngagementNoticeRationale": "Market engagement was light touch exercise to help shape the requirement, this service requirement has been brought about by regulatory change."
  },
  "initiationType": "tender"
}
31 Mar 2025 · 011951-2025 · tender
{
  "id": "011951-2025",
  "tag": [
    "tender"
  ],
  "date": "2025-03-31T11:12:08+01:00",
  "ocid": "ocds-h6vhtk-04fa80",
  "buyer": {
    "id": "GB-COH-09136445",
    "name": "LONDON LGPS CIV LIMITED"
  },
  "tender": {
    "id": "P00125",
    "lots": [
      {
        "id": "1",
        "value": {
          "currency": "GBP",
          "amountGross": 2700000
        },
        "status": "active",
        "renewal": {
          "description": "Subject to satisfactory performance and ability to accommodate any service changed arising during the contract period, they initial contract period may be extended."
        },
        "hasRenewal": true,
        "secondStage": {
          "maximumCandidates": 8
        },
        "awardCriteria": {
          "criteria": [
            {
              "name": "Ability to derive capital markets risk and return assumptions for the full range of public and private markets asset classes and to model and optimise these inputs",
              "type": "quality",
              "numbers": [
                {
                  "number": 1,
                  "weight": "order"
                }
              ]
            },
            {
              "name": "Approach used to generate asset class assumptions and techniques used to model and optimise outputs under different scenarios.",
              "type": "quality",
              "numbers": [
                {
                  "number": 2,
                  "weight": "order"
                }
              ]
            },
            {
              "name": "Experience and track record of delivering asset class modelling and allocation services to LGPS and other institutional investors",
              "type": "quality",
              "numbers": [
                {
                  "number": 3,
                  "weight": "order"
                }
              ]
            },
            {
              "name": "Method of delivery of services to London CIV and its Partner Funds, and capacity to scale up the service to cover the full range of London CIV clients.",
              "type": "quality",
              "numbers": [
                {
                  "number": 4,
                  "weight": "order"
                }
              ]
            },
            {
              "name": "Ability to incorporate climate scenarios and best practice in responsible investment into the asset allocation process.",
              "type": "quality",
              "numbers": [
                {
                  "number": 5,
                  "weight": "order"
                }
              ]
            },
            {
              "name": "Cost of providing the services",
              "type": "cost",
              "numbers": [
                {
                  "number": 6,
                  "weight": "order"
                }
              ]
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2028-12-31T23:59:59Z",
          "startDate": "2026-01-01T00:00:00Z",
          "maxExtentDate": "2032-12-31T23:59:59Z"
        },
        "selectionCriteria": {
          "criteria": [
            {
              "description": "Previous track record of delivering similar services within a related sector.",
              "forReduction": true
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK",
            "country": "GB",
            "countryName": "United Kingdom"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66151000",
            "scheme": "CPV",
            "description": "Financial market operational services"
          }
        ]
      }
    ],
    "title": "Asset Class Modelling & Allocation Services",
    "value": {
      "currency": "GBP",
      "amountGross": 2700000
    },
    "status": "active",
    "documents": [
      {
        "id": "conflictOfInterest",
        "description": "Not published",
        "documentType": "conflictOfInterest"
      },
      {
        "id": "A-384",
        "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-384",
        "format": "application/zip",
        "documentType": "biddingDocuments"
      },
      {
        "id": "A-385",
        "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-385",
        "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document",
        "documentType": "biddingDocuments"
      },
      {
        "id": "A-386",
        "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-386",
        "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document",
        "documentType": "biddingDocuments"
      },
      {
        "id": "011951-2025",
        "url": "https://www.find-tender.service.gov.uk/Notice/011951-2025",
        "format": "text/html",
        "noticeType": "UK4",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "datePublished": "2025-03-31T11:12:08+01:00"
      }
    ],
    "procedure": {
      "features": "The procurement will be structured into two key stages:\na.\tStage 1: Selection\ni.\tApplicants who have expressed an interest in the procurement will need to pre-qualify and must complete the Procurement Specific Questionnaire (PSQ) and have registered their details on the Central Digital Portal (CDP) within the Find a Tender portal.\nii.\tThe PSQ sets out the information required by the authority in order to assess the suitability of applicants to perform the Services as well as their economic and financial standing and technical and professional ability.\niii.\tTenders will be evaluated based on the bidder's written submission and proof of concept presentations.\niv.\tLCIV reserves the right to limit the number of applicants that are invited to Stage 2 of the procurement to no more than 5 that have received the highest scores under section 3 of the PSQ. \nb.\tStage 2: Invitation to Tender \ni.\tThe Authority will issue an ITT to applicants that are shortlisted to Stage 2 following the evaluation of the PSQ responses.\nii.\tA draft ITT will be made available to applicants on request via email during Stage 1 of the procurement for information only. Applicants must not respond to the draft ITT during Stage 1 of the procurement."
    },
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "awardPeriod": {
      "endDate": "2025-06-23T23:59:59+01:00"
    },
    "description": "LCIV wishes to procure data sets and modelling, scenario and risk analysis tools and related services which will be used to support the delivery of asset class modelling and allocation services to our Partner Funds, including advising on the appropriate risk profile for Partner Funds to take into account their strategic objectives and risk appetites. The data, tools and services must cover the full range of public and private market strategies used by the London Local Authority LGPS.\nLCIV is inviting suppliers to bid their respective solutions, including proof-of-concept presentations which will enable bidders to demonstrate (and LCIV to evaluate) detailed functional capabilities of the proposed solutions, and the method of delivery of these solutions to the authority.\nWe anticipate that the appointed supplier will enter into a single agreement with LCIV for the provision of data and services and that such data and services will be allowed to be passed onto shared with our Partner Funds where they have a contractual agreement with LCIV for such services.",
    "aboveThreshold": true,
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "electronicSubmissionPolicy": "notAllowed"
    },
    "procurementMethod": "selective",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "Enquiries and Submissions may only be made via email to the following address:\nprocurement@londonciv.org.uk",
    "procurementMethodDetails": "Competitive flexible procedure",
    "expressionOfInterestDeadline": "2025-04-28T17:00:00+01:00"
  },
  "parties": [
    {
      "id": "GB-COH-09136445",
      "name": "LONDON LGPS CIV LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI44",
        "country": "GB",
        "locality": "London",
        "postalCode": "SE1 0NZ",
        "countryName": "United Kingdom",
        "streetAddress": "4th Floor, 22 Lavington Street"
      },
      "details": {
        "url": "http://www.londonciv.org.uk",
        "classifications": [
          {
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - sub-central government"
          }
        ]
      },
      "identifier": {
        "id": "09136445",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "name": "Ian Inglis",
        "email": "procurement@londonciv.org.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PQBW-9692-CYCW",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "planning": {
    "noEngagementNoticeRationale": "Market engagement was light touch exercise to help shape the requirement, this service requirement has been brought about by regulatory change."
  },
  "initiationType": "tender"
}