Official UK procurement notice
FARO Application Development and Maintenance
Authority: LONDON LGPS CIV LIMITED (Public body)
What is being bought
Published requirement descriptionThe Authority operates FARO (Fund Analysis, Reporting and Order Management), an internally-developed platform used to receive Custodian data via sFTP, process it within a Microsoft Fabric environment, and present analysis and reporting tools built largely upon Microsoft Excel and Microsoft Forms. The Authority requires a Supplier to take on the ongoing development and maintenance of the platform to ensure system availability, data integrity, and to undertake the development of additional capabilities as required.
- How the procedure runs: A maximum of 5 Suppliers will be invited to submit tenders for the FARO ADAM contract, these will be down selected based primarily on their previous sector experience. Note that a UK3 notice has previously been published for this procurement under 2026/S 000-031865
- No preliminary market engagement: FARO has already been launched into production operations, this procurement is for the ongoing development & maintenance of a production service
CPV: Pension fund consultancy services · Software programming and consultancy services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£600,000
- Economic & financial standing
See the PSQ document
- Technical & professional ability
Direct experience of developing software for Investment Management firms and of working with LGPS pools. See Technical Specification document for further details.
- Condition of participationshortlisting
Direct and relevant experience of working with Investment Managers to develop similar systems and experience of working within the LGPS sector.
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 (3)
- LGPS Sector Experience: 35%
- Investment Management Experience: 35%
- Financial value: 30%
Published award criteria (3)
- LGPS Sector Experience: Direct experience of working with the LGPS sector
- Investment Management Experience: Experience of developing and maintaining software solutions within an Investment Management firm, using Microsoft Fabric, SharePoint, sFTP connectivity & PowerBI.
- Financial value: Cost of service provision
- Economic & financial standing
See the PSQ document
- Technical & professional ability
Direct experience of developing software for Investment Management firms and of working with LGPS pools. See Technical Specification document for further details.
- Condition of participationshortlisting
Direct and relevant experience of working with Investment Managers to develop similar systems and experience of working within the LGPS sector.
- Price carries 30 of 100 points: a 10% discount moves about 3 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
- Services
- 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
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 21 Apr 2026, 16:13 BST
- Last source update
- 22 Jun 2026, 09:16 BST
- Award evaluation window
- Submission end – 11 May 2026
- Authority reference
P00326- FTS notice number
2026/S 000-036275- Accelerated
- State of urgency
- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0687cbFind a Tender- Contract terms summary
30 days
- How it runs
A maximum of 5 Suppliers will be invited to submit tenders for the FARO ADAM contract, these will be down selected based primarily on their previous sector experience. Note that a UK3 notice has previously been published for this procurement under 2026/S 000-031865
How it was run
Official notice- Requests to participate (first stage)
- 5 May 2026, 23:59 BST
- Submission deadline
- 5 May 2026, 23:59 BST
- Clarification deadline
- 1 May 2026, 12:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
PSQ submissions to be made via the Mytenders portal. If any difficulties experienced you may contact [email protected]
Note that you must not submit a Tender unless you are invited to do so post the PSQ phase.
Timeline
21 Apr 2026 → 13 Jul 2026 · 8 dates- Tender notice published183 days ago21 Apr 2026, 16:13 BST
- Clarification questions by173 days ago1 May 2026, 12:00 BST
- Submission deadline169 days ago5 May 2026, 23:59 BST
- Award decision expected by163 days ago11 May 2026, 23:59 BST
- Assessment summaries sent122 days ago22 Jun 2026, 00:00 BST
- Latest notice published121 days ago22 Jun 2026, 09:16 BST
- Standstill ends112 days ago1 Jul 2026, 23:59 BST
- Contract starts101 days ago13 Jul 2026, 00:00 BST
Notice history
4 events · 2 releases on Find a Tender · since 21 Apr 2026- Tender notice published21 Apr 2026, 16:13 BSTUK4
- Contract award notice published22 Jun 2026, 09:16 BSTUK6
- Status changed to complete22 Jun 2026, 09:16 BST
- Contract signature expected2 Jul 2026, 23:59 BSTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| MIRADOR SOLUTIONS CONSULTANCY LTDSME9 Jul 2026 – 13 Jul 2026 · up to 13 Jul 2029Extensions: The lifecycle of the FARO application is currently unclear, we may decide to replace it with another system. Should this prove to be not required, the extensions will be granted in order to continue supporting the platform. | £720,000 inc. VAT | 22 Jun 2026standstill to 1 Jul 2026 | Standstill |
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2final-stage tenders | 2 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- MIRADOR SOLUTIONS CONSULTANCY LTDAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specifications This documents describe the high level technical specifications for the FARO ADAM contract
- Bidding documents and specifications This is the Procurement Specific Questionnaire for the FARO ADAM procurement. This document will be used to down select suppliers to advance to the tender phase of this procurement.
Notices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender