Official UK procurement notice
Transition Management Services for Emerging Markets and Global Equity Transitions
Authority: LGPS CENTRAL LIMITED (Public body)
Sectors: Financial and insurance services (66) Delivery: West Midlands (UKG39)
Published estimate£1,050,000exc. VAT
Submissions closed 9 Mar 2023awarded 27 May 2023
Awarded to Russell Investments
What is being bought
Published requirement descriptionLGPS Central Limited wish to appoint a provider on behalf of (and for the benefit of) itself and associated Pension Funds, to provide Transition Management and Implementation Services for the forthcoming Emerging Market and Global Equity investment fund transitions.
CPV: Financial markets administration services
The lotProcurement structure
single lot · value publishedLot #1AwardedPublished value£1,050,000
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).
How bids were scored
Published sub-criteria (9)
- Organisation: 5%
- Trading: 10%
- Investment Risk: 7.5%
- Operational Risk: 7.5%
- Compliance: 5%
- Governance: 7.5%
- Systems and Process: 7.5%
- Approach to Transitions: 20%
- price: 30%
Published award criteria (9)
- Organisation: 5.00
- Trading: 10.00
- Investment Risk: 7.50
- Operational Risk: 7.50
- Compliance: 5.00
- Governance: 7.50
- Systems and Process: 7.50
- Approach to Transitions: 20.00
- Price: 30.00
What this means for your bid
- 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
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- 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
- 6 Feb 2023, 13:11 GMT
- Last source update
- 29 Jun 2023, 09:42 BST
- Award evaluation window
- 9 Mar 2023 – …
- FTS notice number
2023/S 000-018482- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03a324Find a Tender
How it was run
Official noticeRun through: In-tend · Who buys & how to bid on In-tend
Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup
- Submission deadline
- 9 Mar 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 9 Mar 2023, 12:01 GMT
Detailed submission instructions & authority contactsFrom official release
Timeline
9 Mar 2023 → 29 Jun 2023 · 3 dates- Submission deadline9 Mar 2023, 12:00 GMT
- Bids opened9 Mar 2023, 12:01 GMT
- Notice published29 Jun 2023, 09:42 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete29 Jun 2023, 09:42 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecastAwards 1
Bids received 4
Contracts signed 1latest 27 May 2023
| Awarded to | Value | Date | Status |
|---|---|---|---|
| Russell Investments | — | — | Awarded |
Contracts
Contract 018482-2023-1 · Russell Investments
- Signed
- 27 May 2023
- Value
- —
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| LGPS Central Limited wish to appoint a provider on behalf of (and for the benefit of)… | 4bids · 4 electronic | — | — | £100,000 – £277,500 |
| Whole notice | — | — | — | £100,000 – £277,500 |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Russell Investments LimitedAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria