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LPP is a pensions services provider, managing investments for clients across traditional and alternative asset classes. Proxima Group are completing. As a local government owned pension services company, our drive is to achieve ...

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses
Local Pension Partnership Limited
County Hall, Fishergate
Preston
PR1 8XJ
United Kingdom
Contact person: Emily Smith
Telephone: +44 1633746610
E-mail:
NUTS code: UKD4

Internet address(es):

Main address: https://www.localpensionspartnership.org.uk/

I.2)Joint procurement
I.3)Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at: https://catalytics.proximagroup.com/Proxima/
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted to the abovementioned address
I.4)Type of the contracting authority
Body governed by public law
I.5)Main activity
Economic and financial affairs

Section II: Object

II.1)Scope of the procurement
II.1.1)Title:

Investment Research Database.

II.1.2)Main CPV code
66131100
II.1.3)Type of contract
Services
II.1.4)Short description:

LPP is a pensions services provider, managing investments for clients across traditional and alternative asset classes. Proxima Group are completing.

As a local government owned pension services company, our drive is to achieve economies of scale and efficiencies for the benefit of our members, employers, partner funds and customers, rather than profits for shareholders, without compromising on service quality.

More information can be found here: https://www.localpensionspartnership.org.uk/

II.1.5)Estimated total value
Value excluding VAT: 3 000 000.00 GBP
II.1.6)Information about lots
This contract is divided into lots: no
II.2)Description
II.2.1)Title:
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
NUTS code: UKI
II.2.4)Description of the procurement:

This procurement is being managed by Proxima Group on behalf of the Local Pension Partnership Limited (LPP).

Background.

LPP's investment process looks to meet its client investment objectives, balancing of asset and liability risks; its mandate is implemented across traditional and alternative asset classes.

When undertaking security selection, investments undergo thorough internal investment and operational due diligence; LPP is looking to obtain access to independent third party operational and investment due diligence for alternative investments, to provide a devil's advocate to internal investment recommendations.

Scope of the Contract.

LPP's focus for the engagement is liquid alternatives (encompassing alternative Risk Premia Strategies, active relative value strategies and dynamic directional strategies), private equity, private credit and infrastructure.

LPP is looking for access to a broad library of detailed investment and operational due diligence research papers.

LPP is not looking for any form of asset advisory to be built into the engagement.

For further information please contact Jemma Edwards at Proxima Group on the contact details contained within this contract notice.

Tendering Instructions.

In order to express your interest and obtain access to the tender documentation you are required to register your company within the Catalytics e-tendering portal as follows:

1 - Follow the portal web link - https://catalytics.proximagroup.com/Proxima/.

2 - Click ‘register here’.

3 - Complete a simple form to register for an account (containing general questions, company details etc.).

4 - Set up login details (username & password).

5 - Once you have submitted your details you will receive an email containing a link to activate your account, you should receive this instantly, if you do not please check your junk folders, if the email is not there please contact the procurement support team on 01633 742054 or by email on

6 - Once you have activated your account you will be able to log-in to the portal and will be required to complete an online Supplier Registration Form (SRF), this then completes the registration process.

7 - You must then email confirmation of registration to , who will then provide you with access to the tender documentation within the portal.

All tender responses must be submitted via the Catalytics portal, any requests for additional information or clarification questions must also be submitted via the portal.

II.2.5)Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated value
Value excluding VAT: 3 000 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 120
This contract is subject to renewal: yes
Description of renewals:

The contract will be entered into on the basis of an initial term of 12 months, with the option to mutually agree to extend the contract for an additional 108 months at 12 month intervals.

II.2.10)Information about variants
Variants will be accepted: no
II.2.11)Information about options
Options: no
II.2.12)Information about electronic catalogues
II.2.13)Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
III.1.2)Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3)Technical and professional ability
Selection criteria as stated in the procurement documents
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description
IV.1.1)Type of procedure
Open procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction
IV.1.8)Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure
IV.2.2)Time limit for receipt of tenders or requests to participate
Date: 01/09/2017
Local time: 12:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates
IV.2.4)Languages in which tenders or requests to participate may be submitted:
English
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
Duration in months: 90 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders
Date: 04/09/2017
Local time: 12:00
Place:

Online within the eTendering portal.

Section VI: Complementary information

VI.1)Information about recurrence
This is a recurrent procurement: yes
Estimated timing for further notices to be published:

Whether this will be a recurrent procurement is currently unknown.

VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review
VI.4.1)Review body
Local Pension Partnership Limited
County Hall, Fishergate
Preston
PR1 8XJ
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained
VI.5)Date of dispatch of this notice:
01/08/2017