Official UK procurement notice
UK public contract notice — Legal & General Investment Management Ltd for Ministry of Justice (Sept 2023)
Authority: Ministry of Justice (Central government)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionThe requirement is for the appointment of an investment manager to manage and control the Lord Chancellor's Common Investment Fund.
The purpose of the fund is to provide an investment vehicle for funds in court in England and Wales and separately in Northern Ireland. Funds are held under the jurisdiction of the Official Solicitor and the Public Trustee, and a number of individuals granted permission to invest by the Lord Chancellor.
CPV: Financial and insurance services · Financial management consultancy services
The lotProcurement structure
single lot · no lot value publishedLot #1The CIF contains one product, the Equity Index Tracker Fund, which is for higher value clientsAwardedRenewal
- Extensions
- The contract will be reviewed at least 12 months before the expiry of the contract.
- Variant bids
- not allowed
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 (6)
- Philosophy, Process & Fit — 40
- Risk & Performance — 30
- Business & Team — 15
- Fund Structure — 5
- price — 20
- Social Value — 10
Published award criteria (6)
- Philosophy, Process & Fit — 40
- Risk & Performance — 30
- Business & Team — 15
- Fund Structure — 5
- Social Value — 10
- price — 20%
Procedure terms & legal framework
From the official record · publisher note attached- 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
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 29 Sept 2023, 16:14 BST
- Last source update
- 29 Sept 2023, 16:14 BST
- Award evaluation window
- 30 Dec 2022, 12:00 GMT — …
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0354d4
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: Interested Suppliers are required to register their company details (if not already registered) on the esourcing portal. https://ministryofjusticecommercial.bravosolution.co.uk in order to obtain tender documents for this opportunity. Once you have an active account go to "ITT's Open To All Suppliers" and select ITT_ 6937 to submit your response. Tenders must be completed on the system only, no email submissions will be accepted.
How it was run
- Submission deadline
- 30 Dec 2022, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 30 Dec 2022, 12:00 GMT
Timeline
5 published dates · Europe/London- Next notice expected26 Aug 2022, 00:00 BST
- Submission deadline30 Dec 2022, 12:00 GMT
- Bids opened30 Dec 2022, 12:00 GMT
- Contract starts1 Feb 2023, 00:00 GMT
- Notice published29 Sept 2023, 16:14 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics — not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Legal & General Investment Management LtdLord Chancellor's Common Investment Fund | — | — | Awarded |
Contracts
Lord Chancellor's Common Investment Fund · Legal & General Investment Management Ltd
- Signed
- 14 Jul 2023
- Value
- £1,005,000
- Period
- … — 31 Jan 2030
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids · 3 electronic · 3 from abroad | — | — | — |
Notice history
6 events · 3 releases on Find a Tender · since 9 Dec 2022- Status changed to complete29 Sept 2023, 16:14 BST
- Deadline withdrawn29 Sept 2023, 16:14 BST
- Status changed to active9 Dec 2022, 15:07 GMT
- Procurement method changed9 Dec 2022, 15:07 GMT
- Deadline published: 30 Dec 2022, 12:00 GMT9 Dec 2022, 15:07 GMT
- Buyer details updated9 Dec 2022, 15:07 GMT
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- Ministry of Justice CCMDReview body
Bidders & participating suppliers
1 commercial party on the notice- Legal & General Investment Management LtdAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria