Find a TenderAwardedContract details notice
Published 20 Mar 2025, 14:19 GMT

Official UK procurement notice

Dyfed Pension Fund Independent Investment Adviser

Official notice

Authority: Carmarthenshire County Council (Local council)

ServicesBelow threshold - open competitionBelow thresholdSME suitable
Published estimate£150,000≈ £50k / year · £179,999 inc. VAT · 1 value update
Submissions closed 16 May 2025awarded 1 Oct 2025
Awarded to Apex Investment Advisers Limited
Contract term 3 yrsends 30 Sept 2028 · up to 30 Sept 2030 with extensions · starts 1 Oct 2025

What is being bought

Published requirement description

THIS IS NOT A TENDERING OPPORTUNITY. Carmarthenshire County Council, as the administering authority for the Dyfed Pension Fund, has renewed the contract of the Independent Investment Adviser.

CPV: Financial and insurance services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewal 3 yrsSMEPublished value£150,000
Contract period: 1 Oct 2025 – 30 Sept 2028 (3 yrs) · up to 30 Sept 2030 with extensionsValue: £150,000 exc. VAT · £179,999 inc. VAT
Delivery: WalesEligibility: SME eligible
Extensions: There is an option to extend by up to 24 months
Pre-qualification & selection criteria (PQQ)1
  • Condition of participation

    As per tender documentation

What it takes to win
i

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 more
How bids were scored
  • Technical: 70% Quality
  • Commercial: 30% Cost
Conditions of participation1
  • Condition of participation

    As per tender documentation

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - open competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Below threshold
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
20 Mar 2025, 14:19 GMT
Last source update
28 Jan 2026, 11:16 GMT
FTS notice number
2025/S 000-015454
Latest notice
Contract details notice (UK7)
Classification (CPV)
Financial and insurance services
Delivery area
Wales (UKL14)
Official registry OCID
ocds-h6vhtk-04efbb Find a Tender

How it was run

Official notice
Submission deadline
16 May 2025, 14:00 BST
Clarification deadline
12 May 2025, 14:00 BST
Electronic submission
Allowed
Detailed submission instructions & authority contactsFrom official release

To assist you in locating these opportunities on the BRAVO E Procurement System the project code is: project_58825

As this is an Open procedure, Tenderers must ensure that all ITT questions are fully responded to. The following ITT Project codes may further assist you in locating the opportunities:

ITT Code: itt_116149

Please also ensure you check the Attachments area for any documents/ information which may assist you with your submission or you are required to upload as part of your submission as per information contained within the tender pack.

Suppliers Instructions How to express interest in this Tender:

  1. Register your company on the etenderwales portal (this is only required once)
  • Browse to the eSourcing Portal: www.etenderwales.bravosolution.co.uk ↗
  • Click the "Suppliers register here" link
  • 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)
  • Agree to the terms and conditions and click "continue"
  1. Express an Interest in the Project
  • Login to the portal with the username/password
  • Click the "ITTs Open to All Suppliers" link. (These are Invitation to Tender Documents open to any registered supplier)
  • Click on the relevant ITT to access the content.
  • Click the "Express Interest" button at the top of the screen
  • This will move the ITT into your "My ITTs" page. (This is a secure area reserved for your projects only)
  • Click on the ITT code, you can now access any attachments by clicking the ''''Buyer Attachments" on the left hand side of the screen
  1. Responding to the tender
  • At the top of the screen you can choose to Create Response or Decline to Respond (please give a reason if declining)
  • You can now use the Messages function on to communicate with the buyer and seek any clarification
  • Note the deadline for completion, then follow the onscreen instructions to complete the ITT
  • There may be a mixture of online & offline actions for you to perform (there is detailed online help available)

If you require any further assistance use the online help, or the BravoSolution help desk is available Mon - Fri (8am - 6pm) on:

Tenders or Requests to Participate must be sent to:

Official name:

www.etenderwales.bravosolution.co.uk ↗

Postal Address:

Carmarthenshire County Council will be conducting this procurement exercise through the Value Wales e-Tendering portal. This can be found at www.etenderwales.bravosolution.co.uk ↗, all information may be downloaded and returned through this channel.

Timeline

20 Mar 2025 → 28 Jan 2026 · 7 dates
  1. Planning notice published
    20 Mar 2025, 14:19 GMT
  2. Next notice expected
    15 Apr 2025, 23:59 BST
  3. Tender notice published
    16 Apr 2025, 10:46 BST
  4. Clarification questions by
    12 May 2025, 14:00 BST
  5. Submission deadline
    16 May 2025, 14:00 BST
  6. Contract starts388 days ago
    1 Oct 2025, 00:00 BST
  7. Latest notice published268 days ago
    28 Jan 2026, 11:16 GMT

Notice history

5 events · 3 releases on Find a Tender · since 20 Mar 2025
  1. Planned procurement notice published
    20 Mar 2025, 14:19 GMT
    UK3
  2. Tender notice published
    16 Apr 2025, 10:46 BST
    UK4
  3. Status changed to active
    16 Apr 2025, 10:46 BST
  4. Contract details notice published
    28 Jan 2026, 11:16 GMT
    UK7
  5. Status changed to complete
    28 Jan 2026, 11:16 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £150,0001 contract exc. VAT
Contracts signed 1latest 1 Oct 2025
Awarded toValueDateStatus
Apex Investment Advisers Limited£150,000 †—Awarded

Contracts

  • Dyfed Pension Fund Independent Investment Adviser · Apex Investment Advisers Limited

    Signed
    1 Oct 2025
    Value
    £150,000
    Period
    1 Oct 2025 – 30 Sept 2028 · up to 30 Sept 2030 with extensions
    Status
    active
    Extensions
    There is an option to extend this contract by up to 24 months subject to funding and performance.

Contracting authority & participating public bodies

Carmarthenshire County Council

Contracting authorityPublic authority - sub-central governmentWelsh devolved regulations apply GB-PPON: PTVL-7854-TMRZ County Hall, Carmarthen, Wales, SA31 1JPContact name, email

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Planned procurement notice planningPlanned procurement noticeUK3Planned procurement notice on Find a Tender