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Contract Award for the provision of Pension Fund Investment Management Consultancy Services

Pension fund consultancy services
Pension investment services
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: The Royal Borough of Kensington and Chelsea: "Contract Award for the provision of Pension Fund Investment Management Consultancy Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityThe Royal Borough of Kensington and ChelseaScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: The Royal Borough of Kensington and Chelsea
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for The Royal Borough of Kensington and Chelsea. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
4Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 3 active published awards; 3 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityThe Royal Borough of Kensington and Chelsea
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published6 Sept 2023, 16:28 BST
Last source update6 Sept 2023, 16:28 BST
Recurring procurementNot published
ClassificationPension fund consultancy services, Pension investment services
Delivery area
UK
OCIDocds-h6vhtk-03fa95
What is being bought
The Royal Borough of Kensington & Chelsea (RBKC) has awarded a consultancy services contract to Mercer Ltd. The contract is for the provision of pension fund investment management consultancy and was procured using the National LGPS Frameworks under the Investment Management Consultancy Services Framework Agreement (NCCT42289) Lot 1-Investment Consultancy Services via a further competition. The contract was established for an initial duration of 3 years from 1 September 2023, with the option to extend for 2 years at the RBKC’s discretion.
What changed
From the official release history
  1. Status changed to complete
    6 Sept 2023, 16:28 BST
  2. Official notice release published
    6 Sept 2023, 16:28 BST
  3. Buyer information updated
    6 Sept 2023, 16:28 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The Investment Consultant is contracted to provide a wide range of advisory services in relation to investment management support and work with the fund’s actuary on an on-going basis in respect of the integrated management of fund assets and liabilities.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    6 Sept 2023, 16:28 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 31 Aug 2023, 00:00 BST · £500,000
Commercial outcome and competition
Awards
Mercer Limited
Not published · Not published · active
Contracts
Contract Award for the provision of Pension Fund Investment Management Consultancy Services
£500,000 · signed 31 Aug 2023, 00:00 BST · active
Bid statistics
bids: 4 (lot 1)
electronicBids: 4 (lot 1)
foreignBidsFromEU: 1 (lot 1)
foreignBidsFromNonEU: 1 (lot 1)
smeBids: 1 (lot 1)
Buyer and organisations in this procedure

The Royal Borough of Kensington and Chelsea

Contracting authority GB-FTS-91975
View buyer profile

  • The Royal Borough of Kensington and Chelsea
    buyer

    Town Hall, 8 Hornton Street, London, UK, W8 7NX
    procurement@rbkc.gov.uk

  • Mercer Limited
    supplier

    1 Tower Place Lower Thames Street, London, UK, EC3R 5BU

  • Public Procurement Review Service
    reviewBody

    70 Whitehall, London, SW1A 2AS
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleFramework call-off contract.