Find a TenderAwarded

Published 17 Jan 2023, 16:33 GMT

Official UK procurement notice

Wales Pension Partnership Regulator of Operator Services

Official notice

Authority: Carmarthenshire County Council (Local council)

ServicesOpen procedureSME suitable

Sectors: Financial and insurance services (66) Delivery: Wales (UKL14)

Published estimate£14,000,000exc. VAT

Submissions closed 20 Nov 2023awarded 22 Apr 2024

Awarded to Waystone

What is being bought

Published requirement description

THIS IS A CONTRACT AWARD NOTICE - NOT A CURRENT OPPORTUNITY

The Wales Pension Partnership (“WPP”) was established in 2017. The WPP is a collaboration of the eight LGPS funds (“Constituent Authorities”)* covering the whole of Wales and is one of eight national LGPS pools.

The eight Constituent Authorities had an existing contract with Waystone Management (UK) Limited to provide regulated third party operator services for WPP. The current contract is due to expire in December 2024.

The contracting authority (Carmarthenshire County Council), on behalf of each of the Constituent Authorities, conducted a procurement process to appoint a regulated third party operator for WPP’s ACS sub fund requirements following expiry of that existing contract.

*The eight Constituent Authorities are Carmarthenshire County Council (Host Authority), City and County of Swansea Council, City of Cardiff Council, Flintshire County Council, Cyngor Gwynedd, Powys County Council, Rhondda Cynon Taf County Borough Council and Torfaen County Borough Council.

For further information in respect of WPP please see the following link – www.walespensionpartnership.org ↗

Further information can be found in the Procurement Documents at etenderwales.bravosolution.co.uk ↗

Recurrence: 12 months before contract end date

CPV: Group pension services · Pension fund consultancy services · Pension fund management services · Pension investment services · Pension services

The lotProcurement structure

single lot · no lot value published

Lot #1The Wales Pension Partnership (“WPP”) was established in 2017AwardedRenewal

The eight Constituent Authorities have an existing contract with Waystone Management (UK) Limited to provide regulated third party operator services for WPP. The current contract is due to expire in December 2024.

*The eight constituent authorities are Carmarthenshire County Council (Host Authority), City and County of Swansea Council, City of Cardiff Council, Flintshire County Council, Cyngor Gwynedd, Powys County Council, Rhondda Cynon Taf County Borough Council and Torfaen County Borough Council.

For further information in respect of WPP please see the following link – www.walespensionpartnership.org ↗

Further information can be found in the Procurement Documents at etenderwales.bravosolution.co.uk ↗ Additional information: For further details on the Wales Pension Partnership please visit the following website:

www.walespensionpartnership.org ↗

Delivery: Wales · Wales Pension Partnership

Extensions: The term of the Operator Agreement is for an initial term of five years and three months, followed by an option to extend for up to two further years. At any time prior to the end of the initial five year and three month term WPP may elect to extend the term of the Operator Agreement by up to two years.Variant bids: not allowed

66131100 Pension investment services 66141000 Pension fund management services 66520000 Pension services 66522000 Group pension services 66523000 Pension fund consultancy services

What it takes to win
i
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

How bids were scored

Quality: 75%Price: 25%

Published award criteria (2)

Quality: 75
Price: 25

Conditions of participation3

Suitability
Refer to the Procurement Documents for information
Economic & financial standing
Selection criteria as stated in the Procurement Documents
Technical & professional ability
Selection criteria as stated in the Procurement Documents

What this means for your bid

Price carries 25 of 100 points: a 10% discount moves about 2.5 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 · 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: Yes · 12 months before contract end date
First published: 17 Jan 2023, 16:33 GMT
Last source update: 27 Sept 2024, 14:36 BST
Award evaluation window: 20 Nov 2023 – …
FTS notice number: 2024/S 000-031017
Classification (CPV): Group pension servicesPension fund consultancy servicesPension fund management servicesPension investment servicesPension services
Delivery area: Wales (UKL14)
Official registry OCID: ocds-h6vhtk-039849 Find a Tender

Contract terms

Electronic trading: e-invoicing allowed · electronic ordering · electronic payment
Performance terms: Refer to the Procurement Documents for information

Publisher note: (WA Ref:143953)

How it was run

Official notice

Run through: Jaggaer · Who buys & how to bid on Sell2Wales

Supplier login requiredLanguage: EN, CY

Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail

Tender documents are also served through a separate tool: https://etenderwales.bravosolution.co.uk/web/login.shtml ↗

Submission deadline: 20 Nov 2023, 14:00 GMT
Submission channel: {"electronicSubmission"}
Accepted languages: en, cy
Bid validity: 180 days from the deadline
Bids opened: 20 Nov 2023, 14:00 GMT

Detailed submission instructions & authority contactsFrom official release

etenderwales.bravosolution.co.uk/web/login.shtml ↗

Timeline

1 Sept 2023 → 27 Sept 2024 · 4 dates

Next notice expected
1 Sept 2023, 00:00 BST
Submission deadline
20 Nov 2023, 14:00 GMT
Bids opened
20 Nov 2023, 14:00 GMT
Notice published
27 Sept 2024, 14:36 BST

Notice history

4 events · 3 releases on Find a Tender · since 16 Oct 2023

Status changed to active
16 Oct 2023, 16:58 BST
Procurement method changed
16 Oct 2023, 16:58 BST
Deadline published: 20 Nov 2023, 14:00 GMT
16 Oct 2023, 16:58 BST
Status changed to complete
27 Sept 2024, 14:36 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £14,000,0001 contract exc. VAT

Bids received 33 from SMEs

Contracts signed 1latest 22 Apr 2024

Awarded to	Value	Date	Status
WaystoneSME	£14,000,000 †	—	Awarded

Contracts

Contract 031017-2024-1 · WaystoneSME
Signed
22 Apr 2024
Value
£14,000,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
3bids · 3 electronic	3	—	—

Contracting authority & participating public bodies

Carmarthenshire County Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services County Hall, Carmarthen, Wales, SA31 1JPContact email, phone Published organisation website ↗

Dispute resolution & review bodies

High CourtReview body LondonContact phone

Bidders & participating suppliers

1 commercial party on the notice

WaystoneAwarded supplier 20-22 Bedford Row, London, London, WC1R4EBContact phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.