Official UK procurement notice
Asset Liability Management Model
Authority: BORDER TO COAST PENSIONS PARTNERSHIP LIMITED (Public body)
What is being bought
Published requirement descriptionBorder to Coast offers investment propositions across Public and Private asset classes that deliver investment opportunities and management to our Partner Funds. As part of our strategic plan, we intend to expand our range of services for our Partner Funds. A key capability is to enable us to support Partner Funds with their SAA and Portfolio Construction decisions. Therefore, we aim to procure an Asset Liability Management (ALM) model to support the efficient implementation of these new capabilities. The ALM model will support evaluation of scheme investment strategy and risk management, strategic investment planning, asset allocation, and scenario analysis. The core functionalities and modules of the ALM are expected to include Economic Scenario Generator and Capital Market Assumptions, capable of accurate representation of Partner Funds underlying asset classes and investment strategies, stochastic ALM projections and stress testing, and comprehensive reporting modules. The ALM model will utilize the current scheme actuaries' liability data as input.
The initial contract length will be 3 years with the option of two additional 3 year extensions (9 years in total).
- How the procedure runs: The process will take part in two distinct stages: Stage 1 – Down Selection: This stage will be scored and the highest scoring maximum of 3 Suppliers will be invited to participate in Stage 2. Stage 2 – ITT Stage Assessment and scoring of down selected Supplier bids, Where relevant, down selected Suppliers will be invited to take part in a Workshop at Border to Coast’s head office in Leeds w/c 6th October 2025.
CPV: Financial analysis software package
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£3,600,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (4)
- Strategic Alignment and Partnership: 5%
- ESG: 5%
- Functional Requirements: 70%
- Bid Price: 20%
Published award criteria (4)
- Strategic Alignment and Partnership
- ESG
- Functional Requirements
- Bid Price
- Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive flexible procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Goods
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 8 Jul 2025, 14:20 BST
- Last source update
- 10 Mar 2026, 15:15 GMT
- Award evaluation window
- Submission end – 24 Oct 2025
- Authority reference
DN781589- FTS notice number
2025/S 000-052503- Accelerated
- Qualifying planned procurement notice
- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-055b30Find a Tender
- How it runs
The process will take part in two distinct stages:
Stage 1 – Down Selection:
This stage will be scored and the highest scoring maximum of 3 Suppliers will be invited to
participate in Stage 2.
Stage 2 – ITT Stage
Assessment and scoring of down selected Supplier bids, Where relevant, down selected Suppliers will be invited to take part in a Workshop at Border to Coast’s head office in Leeds w/c 6th October 2025.
How it was run
Official notice- Requests to participate (first stage)
- 12 Sept 2025, 12:00 BST
- Submission deadline
- 12 Sept 2025, 12:00 BST
- Clarification deadline
- 9 Sept 2025, 00:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
The tender will be published on Proactis ProContract.
Bidders who have not previously submitted an EOI will need to respond to the ProContract Expression of Interest/Advert, published under Opportunity ID DN781589, to be automatically invited to access tender documentation and submit bids.
Relevant registration and log in links are below:
ProContract Log in - procontract.duenorth.com/Login ↗
ProContract Registration link - procontract.due-north.com/Register ↗
If Suppliers identify a technical issue with the ProContract portal, they should contact Border to Coast without delay via [email protected]. All other clarification questions/communication must be raised via the ProContract portal.
Timeline
8 Jul 2025 → 10 Mar 2026 · 11 dates- Planning notice published8 Jul 2025, 14:20 BST
- Next notice expected18 Aug 2025, 23:59 BST
- Market engagement18 Aug 2025, 23:59 BST
Border to Coast offers investment propositions across Public and Private asset classes that deliver investment opportunities and management to our Partner Funds.
As part of our strategic plan, we intend to expand our range of services for our Partner Funds. A key capability is to enable us to support Partner Funds with their SAA and Portfolio Construction decisions. Therefore, we aim to procure an Asset Liability Management (ALM) model to support the efficient implementation of these new capabilities. The ALM model will support evaluation of scheme investment strategy and risk management, strategic investment planning, asset allocation, and scenario analysis. The core functionalities and modules of the ALM are expected to include Economic Scenario Generator and Capital Market Assumptions, capable of accurate representation of Partner Funds underlying asset classes and investment strategies, stochastic ALM projections and stress testing, and comprehensive reporting modules. The ALM model will utilize the current scheme actuaries' liability data as input.
- Tender notice published29 Aug 2025, 14:45 BST
- Clarification questions by9 Sept 2025, 00:00 BST
- Submission deadline12 Sept 2025, 12:00 BST
- Award decision expected by362 days ago24 Oct 2025, 23:59 BST
- Assessment summaries sent355 days ago31 Oct 2025
- Standstill ends342 days ago12 Nov 2025, 23:59 GMT
- Contract starts317 days ago8 Dec 2025
- Latest notice published225 days ago10 Mar 2026, 15:15 GMT
Notice history
10 events · 5 releases on Find a Tender · since 8 Jul 2025- Preliminary market engagement notice published8 Jul 2025, 14:20 BSTUK2
- Planned procurement notice published8 Jul 2025, 14:39 BSTUK3
- Status changed to planned8 Jul 2025, 14:39 BST
- Procurement method changed8 Jul 2025, 14:39 BST
- Tender notice published29 Aug 2025, 14:45 BSTUK4
- Status changed to active29 Aug 2025, 14:45 BST
- Contract award notice published3 Nov 2025, 16:08 GMTUK6
- Status changed to complete3 Nov 2025, 16:08 GMT
- Contract signature expected7 Dec 2025, 23:59 GMTscheduled
- Contract details notice published10 Mar 2026, 15:15 GMTUK7
Routine re-releases (5)
- 2025-07: 2 releases · 8 Jul 2025, 8 Jul 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Ortec Finance LTD8 Dec 2025 – 7 Dec 2031 · up to 7 Dec 2034Extensions: The initial contract length will be 6 years with the option of an additional 3 year extension. | £3,600,000 | 24 Oct 2025 | Awarded |
Contracts
Asset Liability Management Model · Ortec Finance LTD
- Signed
- 10 Mar 2026
- Value
- £3,600,000
- Period
- 11 Mar 2026 – 10 Mar 2029 · up to 10 Mar 2035 with extensions
- Status
- active
- Extensions
- The initial contract length will be 3 years with the option of two additional 3 year extensions (9 years in total).
No agreed KPIs: Contract is below £5million in value
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3final-stage tenders · 5 at stage one | 0 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- ORTEC FINANCE LIMITEDAwarded supplier
Official documents & specifications (5)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Planned procurement notice Planned procurement notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender