Official UK procurement notice
Investment Research Augmentation · UK public procurement notice
Authority: LONDON LGPS CIV LIMITED (Public body)
What is being bought
Published requirement descriptionWe require additional investment research capabilities to enable us to accelerate workstreams which are critical to the achievement of milestones linked to the U.K. Government's Local Government Pension Scheme Fit for the Future initiative. These workstreams require investment research capacity which is not currently available to us, and which we will only be in a position to secure in phases over the course of the next 12 to 24 months.
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Direct award
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 27 May 2025, 07:44 BST
- Last source update
- 27 May 2025, 07:44 BST
- Authority reference
P00525- FTS notice number
2025/S 000-027537- Latest notice
- Transparency notice (UK5)
- Delivery area
- Official registry OCID
ocds-h6vhtk-052676Find a Tender
- Why no open competition
- Single Suppliers Technical Reasons; Urgency
- Published justification
A direct award is justified because the supplier's database of investment managers and product is the industry standard for the institutional investment market. Coverage of managers and products is broad and extends across the asset classes, investment managers and products which are relevant to our investors. The supplier's research can be delivered to us using a portal which we already use extensively in our research and reporting processes. This is a highly efficient way for us to increase our capacity to support key workstreams. Implementing the U.K. Government's Local Government Pension Scheme Fit for the Future initiative requires investment research capacity which is not currently available to us, and which we will only be in a position to secure in phases over the course of the next 12 to 24 months.
Notice history
2 events · 1 release on Find a Tender · since 27 May 2025- Transparency notice published27 May 2025, 07:44 BSTUK5
- Contract signature expected27 May 2025, 23:59 BSTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Mercer4 Jun 2025 – 3 Jun 2026 | £84,000 inc. VAT | — | Standstill |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- MERCER LIMITEDAwarded supplier
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Transparency notice Transparency notice on Find a Tender