Find a TenderClosed
Published 31 Mar 2026, 16:00 BST

Official UK procurement notice

Investment Order Management System - Lothian Pension Fund (LPF)

Official notice

Authority: The City of Edinburgh Council (Local council)

GoodsCompetitive dialogue
Budget not disclosedValue not published
Submissions closed 1 May 2026

What is being bought

Published requirement description

The City of Edinburgh Council (the Council) is administering authority of the Lothian Pension Fund (LPF).

Lothian Pension Fund (LPF) is seeking to establish a new contract for an Order Management System (OMS). The OMS is an ongoing requirement to support the investment of the listed assets of Lothian Pension Fund under internal management or under the management of Lothian Pension Fund’s subsidiary company, LPFI Limited.

This service is regulated by the Financial Conduct Authority and as such an automated Order Management System is required.

This procurement process will be competitive dialogue process in line with Public Contracts (Scotland) Regulations 31.

  • Recurrence: Between 4 to 10 years time

CPV: Financial analysis software package · Financial systems software package · Industry specific software package · Investment management software package

The lotProcurement structure

single lot · no lot value published
Lot #1The City of Edinburgh Council (the Council) is the administering authority of Lothian…Renewal

The City of Edinburgh Council (the Council) is the administering authority of Lothian Pension Fund (LPF).

LPF requires a new contract for an Order Management System (OMS). The OMS is an ongoing requirement to support the investment of LPF assets under internal management and the client assets under the management of LPF’s subsidiary company, LPFI Limited. Without the functionality of an OMS, LPF and LPFI are exposed to greater risk of trading errors, regulatory breaches and reduced efficiency, all of which may also impair investment performance.

LPFI provides investment management services to external clients. This service is regulated by the Financial Conduct Authority and the strong control environment and operational resilience required under this regulatory oversight increases the need for an automated Order Management System. The system must maintain availability based on a 24/7 working week.

The requirement will be for the supplier to be able to implement the new solution within 6 months of the contract award including connectivity to LPF's custodian, Northern Trust. Additional information: Failure to complete both the online SPD and the attached Selection Questionnaire may result in the bid being rejected as non-compliant.

Delivery: Scotland · Edinburgh Lothian
Extensions: The contract shall run for a period of five years with the option to extend for a three-year period and a further 24-month period from the contract start date. Total 10 years including extension periods, which are at the sole discretion of the Council.Second stage: up to 3 candidates invited to tenderVariant bids: not allowed

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
Quality: 80%Price: 20%
Published award criteria (2)
  • Quality: 80
  • Price: 20
Conditions of participation1
  • Condition of participation
    no text published
    Minimum: The bidder should provide its (general) yearly turnover for the number of financial years specified - Number of financial years and minimum required turnover per year - A minimum general annual turnover of 1620000 (GBP) for each of the last two financial years. 4B5b Insurance - E…
Successive reduction
Candidates will be reduced successively across stages
What this means for your bid
  • 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 · publisher note attached
Procedure method
Competitive dialogue
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Goods
Notice status
Closed
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes · Between 4 to 10 years time
First published
31 Mar 2026, 16:00 BST
Last source update
31 Mar 2026, 16:00 BST
Authority reference
CT1725
FTS notice number
2026/S 000-029916
Classification (CPV)
Financial analysis software packageFinancial systems software packageIndustry specific software packageInvestment management software package
Delivery area
Scotland (UKM75)
Official registry OCID
ocds-h6vhtk-0679cb Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic ordering · electronic payment

Publisher note: This procurement is being conducted by The City of Edinburgh Council in its capacity as the Administering Authority of the Lothian Pension Fund, a fund within the Local Government Pension Scheme (LGPS) in Scotland. All references to 'the Authority' or 'the Buyer' within the tender documentation refer to the City of Edinburgh Council acting on behalf of the Lothian Pension Fund. NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=826734. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. The Contracting Authority does not intend to include a sub-contract clause as part of community benefits (as per Section 25 of the Procurement Reform (Scotland) Act 2014) in this contract for the following reason: The Contracting Authority does not intend to include a sub-contract clause for this procurement as the subject matter concerns a highly specialized and integrated Order Management System (OMS). The delivery of this critical financial infrastructure requires a single, unified solution provided by a prime contractor to ensure system integrity, data security, and seamless integration with existing IBOR and custodial functions. Given the technical complexity and the Authority’s fiduciary duty to its members, it is anticipated that the core services will be delivered directly by the software provider and are not suitable for sub-contracting to third parties The Contracting Authority does not intend to include any community benefit requirements in this contract for the following reason: Lothian Pension Fund waived this requirement as an entity. (SC Ref:826734) Download the ESPD document here: https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=826734

How it was run

Official notice
Run through: Public Contracts Scotland · Who buys & how to bid on PCS
Supplier login requiredLanguage: EN
Access & registration note: Free single registration for Scotland; PCS-Tender (Jaggaer) for full bidding

Tender documents are also served through a separate tool: https://www.publiccontractsscotland.gov.uk ↗

Submission deadline
1 May 2026, 14:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bid validity
90 days from the deadline
Detailed submission instructions & authority contactsFrom official release

Timeline

31 Mar 2026 → 15 May 2026 · 3 dates
  1. Notice published211 days ago
    31 Mar 2026, 16:00 BST
  2. Submission deadline180 days ago
    1 May 2026, 14:00 BST
  3. Invitations to tender expected166 days ago
    15 May 2026, 00:00 BST

Contracting authority & participating public bodies

The City of Edinburgh Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Waverley Court, 4 East Market Street, Edinburgh, Scotland, EH8 8BGContact name, email Published organisation website ↗

Dispute resolution & review bodies

  • Sheriff CourtReview body Edinburgh

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.