Find a TenderClosed
Published 5 Dec 2024, 16:33 GMT

Official UK procurement notice

LGPS Central Global Active Investment Grade Credit Sub-Fund – Manager Procurement

Official notice

Authority: LGPS CENTRAL LIMITED (Public body)

ServicesRestricted procedure
Published estimate£1,800,000exc. VAT
Submissions closed 20 Dec 2024

What is being bought

Published requirement description

LGPS Central is looking for Global Investment Grade Credit managers that already have a minimum £5bn of external client money invested in Global Investment Grade Credit as of 30th September 2024 with a five-year track record (to the same date) in managing a Global Active Investment Grade Credit strategy. LGPSC is looking for active managers who utilise a fundamental rather than quantitative approach, evidence of strong performance, and the capability to build a robust and high-quality credit portfolio.This procurement will be split into three stages:Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2)

CPV: Pension investment services

The lotProcurement structure

single lot · value published
Lot #1Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted…Published value£1,800,000

Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2) Additional information: This will be a rolling contract with no fixed end date or minimum duration, however LGPS reserves the right to terminate the contract giving any applicable notice period agreed upon in any pursuant contract. This contract term has been described as 48 months only in the interest of calculating a value.

Delivery: UK
Variant bids: not allowed

What it takes to win
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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
Conditions of participation1
  • Technical & professional ability

    As described in the procurement documents

Procedure terms & legal framework

From the official record
Procedure method
Restricted procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
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
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
5 Dec 2024, 16:33 GMT
Last source update
5 Dec 2024, 16:33 GMT
Authority reference
LGPSC0031
FTS notice number
2024/S 000-039317
Classification (CPV)
Pension investment services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-04c2bf Find a Tender

How it was run

Official notice
Submission deadline
20 Dec 2024, 12:00 GMT
Submission channel
{"written"}
Accepted languages
en
Bid validity
180 days from the deadline

Timeline

5 Dec 2024 → 23 Dec 2024 · 3 dates
  1. Notice published
    5 Dec 2024, 16:33 GMT
  2. Submission deadline
    20 Dec 2024, 12:00 GMT
  3. Invitations to tender expected
    23 Dec 2024

Contracting authority & participating public bodies

LGPS Central Limited

Contracting authorityPublic bodyBody governed by public lawEconomic affairs First Floor, i9, Wolverhampton Interchange, Wolverhampton, West Midlands, WV1 1LHContact name, email Published organisation website ↗

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria