Official UK procurement notice
Futures Clearing Broker Services
Authority: BORDER TO COAST PENSIONS PARTNERSHIP LIMITED (Public body)
What is being bought
Published requirement descriptionBorder to Coast Pensions Partnership Limited ("Border to Coast") is an FCA regulated investment manager based in Leeds, UK managing assets on behalf of 18 Local Government Pension Scheme ("LGPS") pension funds (as of 1 April 2026). Border to Coast has investment propositions across a range of asset classes including equities, fixed income, private markets and real estate. There is a mix of internal (direct) and external (via third party managers) management across these propositions. Assets under management are currently ~£53bn and are expected to grow to ~£115bn over the next 2 - 3 years.
In addition, Border to Coast is developing a series of investment capabilities to provide advisory, asset allocation and implementation services to Partner Funds. Border to Coast currently uses Bloomberg for its Order Management / Portfolio Management system ("OMS / PMS") but will be migrating to BlackRock Aladdin towards the end of 2026. Third Party Administrator ("TPA") services, including brokerage, custody
and fund accounting, are provided by Northern Trust.
Border to Coast wishes to procure a Futures Clearing Broker to support the implementation of its futures capability. The provider's operating model needs to be able to fully integrate with our OMS / PMS (both current and future state) and our TPA.
- How the procedure runs: The procurement will follow the competitive flexible procedure. Suppliers will complete and submit a Stage 1 Pre-selection Questionnaire and a Due Diligence Questionnaire (Part A), which will be scored. It is anticipated that a maximum of 5 suppliers will then progress to Stage 2, during which bids will be evaluated and request(s) may be made for individual online Teams clarification sessions. Scoring will be subject to a final moderation following these sessions at which point the successful supplier will be identified (subject to successful completion of all due diligence requirements and a standstill period) and a contract will be entered into.
- No preliminary market engagement: PME notice published under different OCID (2026/S 000-027478)
CPV: Financial consultancy, financial transaction processing and clearing-house services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£500,000
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
- 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
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 25 Mar 2026, 15:48 GMT
- Last source update
- 3 Jul 2026, 16:35 BST
- Award evaluation window
- Submission end – 9 Jul 2026
- Authority reference
DN811141- FTS notice number
2026/S 000-041210- Accelerated
- Qualifying planned procurement notice
- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06741dFind a Tender
- How it runs
The procurement will follow the competitive flexible procedure.
Suppliers will complete and submit a Stage 1 Pre-selection Questionnaire and a Due
Diligence Questionnaire (Part A), which will be scored.
It is anticipated that a maximum of 5 suppliers will then progress to Stage 2, during which
bids will be evaluated and request(s) may be made for individual online Teams
clarification sessions. Scoring will be subject to a final moderation following these
sessions at which point the successful supplier will be identified (subject to successful
completion of all due diligence requirements and a standstill period) and a contract will be
entered into.
How it was run
Official notice- Requests to participate (first stage)
- 18 May 2026, 12:00 BST
- Submission deadline
- 18 May 2026, 12:00 BST
- Clarification deadline
- 12 May 2026, 00:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Tender documents will be available to access via Proactis ProContract under opportunity
ID DN811141-
Timeline
25 Mar 2026 → 26 Aug 2026 · 10 dates- Planning notice published210 days ago25 Mar 2026, 15:48 GMT
- Tender notice published169 days ago5 May 2026, 16:29 BST
- Next notice expected169 days ago5 May 2026, 23:59 BST
- Clarification questions by163 days ago12 May 2026, 00:00 BST
- Submission deadline156 days ago18 May 2026, 12:00 BST
- Assessment summaries sent111 days ago3 Jul 2026, 00:00 BST
- Latest notice published110 days ago3 Jul 2026, 16:35 BST
- Award decision expected by104 days ago9 Jul 2026, 23:59 BST
- Standstill ends98 days ago15 Jul 2026, 23:59 BST
- Contract starts57 days ago26 Aug 2026, 00:00 BST
Notice history
7 events · 4 releases on Find a Tender · since 25 Mar 2026- Planned procurement notice published25 Mar 2026, 15:48 GMTUK3
- Planned procurement notice published25 Mar 2026, 16:17 GMTUK3
- Tender notice published5 May 2026, 16:29 BSTUK4
- Status changed to active5 May 2026, 16:29 BST
- Contract award notice published3 Jul 2026, 16:35 BSTUK6
- Status changed to complete3 Jul 2026, 16:35 BST
- Contract signature expected1 Sept 2026, 23:59 BSTscheduled
Published amendments (1)
Notice linked to ocds-h6vhtk-067424
Routine re-releases (4)
- 2026-03: 1 release · 25 Mar 2026
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| HSBC Bank plc2 Sept 2026 – 1 Sept 2031 · up to 1 Sept 2036Extensions: The contract is expected to commence from late August - early September 2026. The contract will be for an initial period of 5 years with an option to extend for a further 5 years. | £500,000 inc. VAT | 30 Jun 2026standstill to 15 Jul 2026 | Standstill |
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 5final-stage tenders · 6 at stage one | 0 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- HSBC BANK PLCAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedNotices published for this procedure
- 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
- Planned procurement notice Planned procurement notice on Find a Tender