Official UK procurement notice
Investment Strategy Modelling · UK public procurement notice
Authority: LGPS CENTRAL LIMITED (Public body)
What is being bought
Published requirement descriptionFollowing the outcome of the government's 'Fit for Future' consultation, LGPS Partner Funds are required to take their primary advice on strategic asset allocation from their chosen asset pool (LGPS Central Limited being one of those asset pools).
Partner Funds' pension liabilities under membership of the LGPS are defined benefit in nature. By this, we mean that pension promises are made to members, and Partner Funds set aside large pools of assets held collectively, and in order to meet those pension promises. Strategic asset allocation decisions therefore require some consideration of those liabilities, including the impact on contributions requirements (to cover both ongoing accrual of benefits and any asset shortfall which may have arisen), as well as the likely investment returns (and uncertainty thereof) from the assets held.
A robust, good quality investment strategy modelling capability is therefore required to support the delivery of tailored strategic advice to Partner Funds. This requirement stems from the complexity of investment strategy decisions, the need for regulated and evidence-based advice, and the expectation of future-proofing capabilities such as scenario modelling and whole-of-fund management.
- How the procedure runs: This Competitive Flexible Procedure will comprise of a single response to this invitation to Tender (ITT). Responses to this ITT will be evaluated in four (4) assessment stages, including an interim assessment stage. See ITT document for more information.
CPV: Financial management consultancy services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£4,320,000
- Economic & financial standing
See ITT for further details.
- Technical & professional ability
See ITT for further details.
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 (7)
- Investment Economic Scenario Generation engine: 10%
- Suitability of modelling methodology: 10%
- Model output appropriateness: 10%
- Treatment of liabilities and calibration process: 15%
- Initial calibration support and suitability of plans to ensure eventual self-sufficiency: 15%
- Presentation: 10%
- Price: 30%
Published award criteria (7)
- Investment Economic Scenario Generation engine
- Suitability of modelling methodology
- Model output appropriateness
- Treatment of liabilities and calibration process
- Initial calibration support and suitability of plans to ensure eventual self-sufficiency
- Presentation
- Price
- Economic & financial standing
See ITT for further details.
- Technical & professional ability
See ITT for further details.
- 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
- 1 Oct 2025, 09:15 BST
- Last source update
- 18 Jun 2026, 20:19 BST
- Award evaluation window
- Submission end – 1 Mar 2026
- Authority reference
LGPSC0038- FTS notice number
2025/S 000-082299- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05a573Find a Tender
- How it runs
This Competitive Flexible Procedure will comprise of a single response to this invitation to Tender (ITT).
Responses to this ITT will be evaluated in four (4) assessment stages, including an interim assessment stage.
See ITT document for more information.
- Risks
Please see ITT for more information.
How it was run
Official notice- Submission deadline
- 16 Jan 2026, 12:00 GMT
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
in-tendhost.co.uk/lgpscentral/ ↗
Please see ITT for further information.
Timeline
1 Oct 2025 → 18 Jun 2026 · 10 dates- Planning notice published385 days ago1 Oct 2025, 09:15 BST
- Market engagement375 days ago10 Oct 2025, 23:59 BST
This process is intended to allow the Authority to engage with interested suppliers who are able to deliver our requirements as detailed in the draft business requirements document. This engagement is proposed to assist the Authority in understanding the market and refining our business requirements by using feedback provided during this process.
The process for this early market engagement exercise is as follows:
- Interested suppliers must register at in-tendhost.co.uk/lgpscentral/ ↗ and download the early market engagement documentation associated with this requirement.
- Download, fully complete and submit the Early Market Engagement Questionnaire through In-Tend, by the deadline of 10th October 2025 - 12:00:00 (Noon).
- The Authority will review questionnaire submissions and reserve the right to invite suppliers to provide a demonstration of their solution and provide further feedback on our business requirements. Dependent on interest, the Authority reserves the right to limit the number of suppliers invited to demonstrate their solution.
- Following conclusion of engagement meetings, the Authority will refine the business requirements prior to undertaking a procurement for this requirement under the Competitive Flexible Procedure (Procurement Act 2023).
- Next notice expected334 days ago20 Nov 2025, 23:59 GMT
- Tender notice published313 days ago12 Dec 2025, 09:42 GMT
- Submission deadline278 days ago16 Jan 2026, 12:00 GMT
- Award decision expected by233 days ago1 Mar 2026, 23:59 GMT
- Assessment summaries sent211 days ago24 Mar 2026
- Contract starts203 days ago1 Apr 2026, 00:00 BST
- Standstill ends201 days ago2 Apr 2026, 23:59 BST
- Latest notice published124 days ago18 Jun 2026, 20:19 BST
Notice history
9 events · 4 releases on Find a Tender · since 1 Oct 2025- Preliminary market engagement notice published1 Oct 2025, 09:15 BSTUK2
- Tender notice published12 Dec 2025, 09:42 GMTUK4
- Status changed to active12 Dec 2025, 09:42 GMT
- Procurement method changed12 Dec 2025, 09:42 GMT
- Deadline published: 16 Jan 2026, 12:00 GMT12 Dec 2025, 09:42 GMT
- Contract award notice published24 Mar 2026, 11:04 GMTUK6
- Status changed to complete24 Mar 2026, 11:04 GMT
- Contract signature expected1 May 2026, 23:59 BSTscheduled
- Contract details notice published18 Jun 2026, 20:19 BSTUK7
Routine re-releases (4)
- 2025-10: 1 release · 1 Oct 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Moody's Analytics UK Ltd1 May 2026 – 30 Apr 2029 · up to 30 Apr 2035Extensions: 2 x three year extensions are available at the Authorities discretion. | £2,616,000 inc. VAT | 24 Mar 2026 | Awarded |
Contracts
Contract 1 · Moody's Analytics UK Ltd
- Signed
- 8 Jun 2026
- Value
- £2,616,000 inc. VAT
- Period
- 17 Jun 2026 – 16 Jun 2029 · up to 16 Jun 2035 with extensions
- Status
- active
- Extensions
- 2 x three year extensions are available at the Authorities discretion.
No agreed KPIs: Due to the contract being below the £5 million threshold.
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 8final-stage tenders | 1 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- MOODY'S ANALYTICS UK LIMITEDAwarded supplier
Official documents & specifications (5)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specifications Please find the tender documentation for this procurement at https://in-tendhost.co.uk/lgpscentral/
Notices 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
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender