Official UK procurement notice
Enterprise Investment and Data Platform
Authority: BORDER TO COAST PENSIONS PARTNERSHIP LIMITED (Public body)·On behalf of: LIQUEO LIMITED
What is being bought
Published requirement descriptionBorder to Coast has propositions within Public Listed, Private Markets, and Real Estate asset classes that deliver investment opportunities and management to our Partner Funds, with specific systems in place for each asset class.
As part of our strategy to become more effective and efficient, whilst being able to offer more value to our Partner Funds, we need to implement a platform that enables management of, and insight into, Partner Fund cross-asset investments.
Border to Coast wishes to procure an Enterprise Investments platform that creates a unified and integrated data layer as the foundation that enables the efficient and effective implementation of new investments capabilities. These capabilities will be core to our ongoing delivery of strategic outcomes to our Partner Funds. The platform needs to have interoperability with our administrator and other third parties, such as Partner Fund custodians, to enable the on-going management of Border to Coast's own investment funds (including public market and private market funds).
Additionally, the platform needs to enable Border to Coast to manage the 'whole customer fund' and the provision of these new capabilities. For clarity, 'whole customer fund' relates to Partner Fund holdings within their selected investment funds across multiple asset classes, inclusive of any Partner Fund assets not managed directly by Border to Coast
- How the procedure runs: As Border to Coast have previously published a Preliminary Market engagement notice under reference 2025/S 000-019169 and a Planned Procurement Notice under reference 2025/S 000-019195 (6th May 2025), a reduced tendering period of 15 days will be utilised. The Procurement has the following key stages: Part 1 – Issuing ITT & Pre-Selection Questionnaire Border to Coast issues the ITT and documents set out at 4.2 Part 2 – Clarification Phase Suppliers to submit clarification questions within deadline stated in the Procurement Timetable. Border to Coast to respond to clarifications within the deadline stated in the Procurement Timetable. Part 3 – Review and Assessment of Pre-Selection Questionnaire Border to Coast to assess Pre-Selection Questionnaires in order to down select Suppliers. Notification to all Suppliers of Down-Selection outcome. Part 4 - Evaluation of Bids Border to Coast to evaluate Bids. Part 5 – Workshop Stage Suppliers may be invited to a Workshop stage, which could include workshops and any required clarifications. Part 6 – Assessment and Moderation Moderation sessions will take place following the Workshop Stage. Part 7 – Board Approval Board approval is required prior to this contract being awarded, timings are included in the Procurement Timetable for reference. Part 8 – Contract Award Border to Coast to issue Contract Award Notice and assessment summary letters. Standstill Period observed. Selected Provider and Border to Coast to execute Contract. Estimated Dates below: Planned Procurement Notice & Preliminary Market Engagement Notice Published 06/05/2025 - Midnight 16/06/2025 Pre-Selection Documentation & ITT Published 25/06/2025 Supplier Clarification Window 25/06/2025 - 04/07/2025 Tender Response Deadline [Pre-Selection Documentation & ITT Response] Midday 11/07/2025 Down-Selection Evaluation & Notification to all Suppliers 11/07/2025 -15/07/2025 Evaluation of Tenders 15/07/2025 - 25/07/2025 Notification to Suppliers of Workshop Stage 28/07/2025 Supplier Workshop Stage 06/08/2025 - 27/08/2025 Review and Moderation 02/09/2025 - 04/09/2025 Successful Supplier Identified subject to contract and Board approval 19/11/2025 Standstill Period 19/11/2025 - 28/11/2025
CPV: Financial and insurance services · Software package and information systems
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£25,000,000
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 (2)
- Quality/Service: 80%
- Bid Price: 20%
Published award criteria (2)
- Quality/Service
- 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
- 6 May 2025, 15:46 BST
- Last source update
- 12 Mar 2026, 15:39 GMT
- Award evaluation window
- Submission end – 19 Nov 2025
- Authority reference
DN773679- FTS notice number
2025/S 000-035144- Accelerated
- Qualifying planned procurement notice
- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-050d50Find a Tender
- How it runs
As Border to Coast have previously published a Preliminary Market engagement notice under reference 2025/S 000-019169 and a Planned Procurement Notice under reference 2025/S 000-019195 (6th May 2025), a reduced tendering period of 15 days will be utilised.
The Procurement has the following key stages:
Part 1 – Issuing ITT & Pre-Selection Questionnaire
Border to Coast issues the ITT and documents set out at 4.2
Part 2 – Clarification Phase
Suppliers to submit clarification questions within deadline stated in the Procurement Timetable.
Border to Coast to respond to clarifications within the deadline stated in the Procurement Timetable.
Part 3 – Review and Assessment of Pre-Selection Questionnaire
Border to Coast to assess Pre-Selection Questionnaires in order to down select Suppliers.
Notification to all Suppliers of Down-Selection outcome.
Part 4 - Evaluation of Bids
Border to Coast to evaluate Bids.
Part 5 – Workshop Stage
Suppliers may be invited to a Workshop stage, which could include workshops and any required clarifications.
Part 6 – Assessment and Moderation
Moderation sessions will take place following the Workshop Stage.
Part 7 – Board Approval
Board approval is required prior to this contract being awarded, timings are included in the Procurement Timetable for reference.
Part 8 – Contract Award
Border to Coast to issue Contract Award Notice and assessment summary letters.
Standstill Period observed.
Selected Provider and Border to Coast to execute Contract.
Estimated Dates below:
Planned Procurement Notice & Preliminary Market Engagement Notice Published
06/05/2025 - Midnight 16/06/2025
Pre-Selection Documentation & ITT Published
25/06/2025
Supplier Clarification Window
25/06/2025 - 04/07/2025
Tender Response Deadline
[Pre-Selection Documentation & ITT Response]
Midday 11/07/2025
Down-Selection Evaluation & Notification to all Suppliers
11/07/2025 -15/07/2025
Evaluation of Tenders
15/07/2025 - 25/07/2025
Notification to Suppliers of Workshop Stage
28/07/2025
Supplier Workshop Stage
06/08/2025 - 27/08/2025
Review and Moderation
02/09/2025 - 04/09/2025
Successful Supplier Identified subject to contract and Board approval
19/11/2025
Standstill Period
19/11/2025 - 28/11/2025
How it was run
Official notice- Requests to participate (first stage)
- 18 Jun 2025, 00:00 BST
- Submission deadline
- 11 Jul 2025, 12:00 BST
- Clarification deadline
- 4 Jul 2025, 00:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Suppliers will need to be registered on Proactis ProContract, log in and registration links are
below:
Log in - procontract.duenorth.com/Login/Index ↗
Registration link - procontract.due-north.com/Register ↗
Bidders will need to respond to the ProContract Expression of Interest/Advert, published
under Opportunity ID DN773679, to be automatically invited to access tender documentation and submit bids.
Timeline
6 May 2025 → 12 Mar 2026 · 12 dates- Planning notice published6 May 2025, 15:46 BST
- Market engagement10 Jun 2025, 00:59 BST
Initial discussions have taken place since November 2024, with at least 5 suppliers, to understand propositions available within the areas of interest to Border to Coast.
This has included offering overviews in the areas of Portfolio Management, Total Portfolio Analysis, Asset Allocation and Investment Data Management.
- Next notice expected17 Jun 2025, 00:59 BST
- Expressions of interest by18 Jun 2025, 00:00 BST
- Tender notice published25 Jun 2025, 15:14 BST
- Clarification questions by4 Jul 2025, 00:00 BST
- Submission deadline11 Jul 2025, 12:00 BST
- Assessment summaries sent389 days ago22 Sept 2025, 00:00 BST
- Standstill ends379 days ago1 Oct 2025, 23:59 BST
- Award decision expected by330 days ago19 Nov 2025, 23:59 GMT
- Contract starts277 days ago12 Jan 2026
- Latest notice published218 days ago12 Mar 2026, 15:39 GMT
Notice history
10 events · 4 releases on Find a Tender · since 6 May 2025- Preliminary market engagement notice published6 May 2025, 15:46 BSTUK2
- Planned procurement notice published6 May 2025, 16:23 BSTUK3
- Procurement method changed6 May 2025, 16:23 BST
- Tender notice published25 Jun 2025, 15:14 BSTUK4
- Status changed to active25 Jun 2025, 15:14 BST
- Deadline published: 11 Jul 2025, 12:00 BST25 Jun 2025, 15:14 BST
- Contract award notice published22 Sept 2025, 11:19 BSTUK6
- Status changed to complete22 Sept 2025, 11:19 BST
- Contract signature expected19 Nov 2025, 23:59 GMTscheduled
- Contract details notice published12 Mar 2026, 15:39 GMTUK7
Routine re-releases (4)
- 2025-05: 1 release · 6 May 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| BlackRock Financial Management, Inc12 Jan 2026 – 11 Jan 2031 · up to 11 Jan 2036Extensions: The contract will have an initial term of 5 years, and will have the option of one additional 5 year extension. | £25,000,000 | 17 Sept 2025 | Awarded |
Contracts
Enterprise Investment Data Platform · BlackRock Financial Management, Inc
- Signed
- 18 Dec 2025
- Value
- £26,000,000
- Period
- 19 Dec 2025 – 18 Dec 2030 · up to 18 Dec 2035 with extensions
- Status
- active
- Extensions
- The contract will have an initial term of 5 years, and will have the option of one additional 5 year extension.
3 agreed KPIs: System Availability · System Maintenance · System Performance
- System Availability, The goal for Aladdin Availability is 99%. Lists any outages for the quarter and the availability of the Aladdin System.
- System Maintenance, BlackRock regularly schedules Aladdin System maintenance to ensure ongoing hardware and software stability. Client should expect that each Saturday and Sunday will be set aside for scheduled maintenance. BlackRock will inform the Client of any upcoming maintenance periods as soon as possible. BlackRock will not schedule maintenance during the times the Aladdin System is scheduled to be Available. Aladdin to list maintenance work of interest performed over the course of the quarter
- System Performance, As part of quarterly reporting, BlackRock shall provide upon request a report to the Client Relationship Manager detailing Aladdin System performance for that quarter. A Problem Resolution Report will lists all Severity Level 1 and Severity Level 2 problems reported to BlackRock by Client over the course of the quarter. For each problem, the appropriate severity, a description of the problem and its solution, and the time needed to initially respond to and resolve each problem will be documented.
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2final-stage tenders · 14 at stage one | 0 | 0 | — |
Who bid
- wonBlackRock Financial Management, Inc
- did not winSIMCORP LIMITED · Greater London
Bidders as named on the Procurement Act 2023 award notice. “Won” means the bidder holds an award on this notice.
Contracting authority & participating public bodies
2 public bodies on the noticeOther public bodies
- LIQUEO LIMITEDProcuring entityLiqueo Limited provided consultancy support including advisory services and functional requirements assessment
Bidders & participating suppliers
2 commercial parties on the notice · 1 awarded- BlackRock Financial Management, IncAwarded supplier
- SIMCORP LIMITEDBidder / tenderer
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