To appoint investment manager(s) for a Timberland mandate equivalent to 60 000 000 GBP based on current values (2 % of fund assets). Segregated investment solutions, pooled funds, listed funds, fund of funds and multi-manager solutions will be ...

Contract award notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Essex County Council Pension Fund
Essex
CM1 1LX Chelmsford
UNITED KINGDOM

Internet address(es):

General address of the contracting authority: www.essex.gov.uk

I.2)Type of the contracting authority
Regional or local authority
I.3)Main activity
Economic and financial affairs
I.4)Contract award on behalf of other contracting authorities
The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract
Appointment of pension fund investment manager(s) - Timberland.
II.1.2)Type of contract and location of works, place of delivery or of performance
Services
Service category No 6: Financial servicesa)Insurances services b)Banking and investment services
Main site or location of works, place of delivery or of performance: Services.

NUTS code UKH33

II.1.3)Information about a framework agreement or a dynamic purchasing system (DPS)
II.1.4)Short description of the contract or purchase(s)
To appoint investment manager(s) for a Timberland mandate equivalent to 60 000 000 GBP based on current values (2 % of fund assets). Segregated investment solutions, pooled funds, listed funds, fund of funds and multi-manager solutions will be considered.
II.1.5)Common procurement vocabulary (CPV)

66141000

II.1.6)Information about Government Procurement Agreement (GPA)
The contract is covered by the Government Procurement Agreement (GPA): no
II.2)Total final value of contract(s)
II.2.1)Total final value of contract(s)

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure
Restricted
IV.2)Award criteria
IV.2.1)Award criteria
The most economically advantageous tender in terms of
1. Quality of presentation. Weighting 33
2. Effectiveness in answering questions. Weighting 33
3. Demonstration of understanding and willingness to meet client needs. Weighting 33
IV.2.2)Information about electronic auction
An electronic auction has been used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority
IV.3.2)Previous publication(s) concerning the same contract

Section V: Award of contract

V.1)Date of contract award decision:
21.11.2011
V.2)Information about offers
Number of offers received: 8
Number of offers received by electronic means: 8
V.3)Name and address of economic operator in favour of whom the contract award decision has been taken

Stafford Timberland Group
4th floor, 24 Old Bond Street
W1S 4AW London
UNITED KINGDOM

V.4)Information on value of contract
V.5)Information about subcontracting
The contract is likely to be sub-contracted: no

Section VI: Complementary information

VI.1)Information about European Union funds
The contract is related to a project and/or programme financed by European Union funds: no
VI.2)Additional information:
VI.3)Procedures for appeal
VI.3.1)Body responsible for appeal procedures
VI.3.2)Lodging of appeals
VI.3.3)Service from which information about the lodging of appeals may be obtained
VI.4)Date of dispatch of this notice:
21.2.2012