Official UK procurement notice
LGPS Central Global Active Investment Grade Credit Sub-Fund – Manager Procurement
Authority: LGPS CENTRAL LIMITED (Public body)
What is being bought
Published requirement descriptionLGPS 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 publishedLot #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.
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).
- 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)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04c2bfFind 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- Notice published5 Dec 2024, 16:33 GMT
- Submission deadline20 Dec 2024, 12:00 GMT
- Invitations to tender expected23 Dec 2024
Contracting authority & participating public bodies
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria