Search      Advanced Search

UK-Birkenhead: pension investment services

Contract Award

General Information
Country:   United Kingdom
City/Locality:   BIRKENHEAD
Notice/Contract Number:   eu:17503-2009
Publication Date:   Jan 21, 2009
Buyer:   WIRRAL BOROUGH COUNCIL
Original Language:   English

Contact Information
Address:   WIRRAL BOROUGH COUNCIL
BIRKENHEAD, NORTH WEST (ENGLAND)
United Kingdom
Web Site:   www.wirral.gov.uk

Goods, Works and Services

 

Summary

      view in:

Notice Type: 2280 - Contract award
Regulation of Procurement: European Communities
EU Official Journal Publication: 13/2009, #17503-2009
Referenced Document Number: 130717-2008
Contract Nature: Service contract
Procedure Type: Contract awards
Type of Bid Required: Not applicable
Awarding Criteria: The most economic tender
Successful Bidder: NAME AND ADDRESS OF ECONOMIC OPERATOR TO WHOM THE CONTRACT HAS BEEN
AWARDED: Newton Investment Management UK Ltd, MFC, 160 Queen Victoria
Street, UK-London EC4V 4LA.
BlackRock Investment Management UK Ltd, 33 King William Street, UK-London
EC2Y 5ET.
TT International, Moor House, Level 13, London Wall, UK-London EC2Y 5ET.
M&G Investments, Laurence Poutney Hill, UK-London EC4R 0HH.

Original Text

      view in:

CONTRACT AWARD NOTICE
Services
SECTION I: CONTRACTING AUTHORITY
I.1) NAME, ADDRESSES AND CONTACT POINT(S): Wirral Borough Council,
Municipal Building, Cleveland Street, Contact: Finance, Attn: Mark
Lloyd-Jones, UK-Birkenhead CH41 6BU. Tel. +44 1516663855. E-mail:
cpsu@wirral.gov.uk. Fax +44 1516663705.
Internet address(es):
General address of the contracting authority: www.wirral.gov.uk.
Address of the buyer profile: http://www.mytenders.org/search/
Search_AuthProfile.aspx?ID=AA1225.
I.2) TYPE OF THE CONTRACTING AUTHORITY AND MAIN ACTIVITY OR ACTIVITIES:
Regional or local authority.
General public services.
SECTION II: OBJECT OF THE CONTRACT
II.1) DESCRIPTION
II.1.1) Title attributed to the contract by the contracting authority: UK
Equity Unconstrained Portfolios (long-only, 130/30 or portable alpha).
II.1.2) Type of contract and location of works, place of delivery or of
performance: Services.
Service category No 6.
Main place of performance: Within the north-west of England.
NUTS code UKD.
II.1.4) Short description of the contract or purchase(s): Manage the
investment of 2 to 5 specialist portfolios in UK Equities Unconstrained
administered by Wirral Council. The objective is to create a portfolio
that generates returns of FTSE All Shares index + 3 % net of all fees
using unconstrained, 130/30 or/and portable alpha strategies. Each
underlying strategy will have either an absolute return objective or a
performance target of at least FTSE All Shares index + 3 % net of all
fees. Portable alpha strategies will be based on a multi-strategy,
non-directional alpha engine demonstrating stable performance.
II.1.5) Common procurement vocabulary (CPV): 66131100.
II.2) TOTAL FINAL VALUE OF CONTRACT(S)
II.2.1) Total final value of contract(s): Excluding VAT.
SECTION IV: PROCEDURE
IV.1) TYPE OF PROCEDURE
IV.1.1) Type of procedure: Open.
IV.2) AWARD CRITERIA
IV.2.1) Award criteria: The most economically advantageous tender in
terms of
1. Quality. Weighting: 40.
2. Technical Merits. Weighting: 30.
3. Price. Weighting: 30.
IV.3) ADMINISTRATIVE INFORMATION
IV.3.2) Previous publication(s) concerning the same contract: Contract
notice
Notice number in OJ: 2008/S 97-130717 of 21.5.2008.
SECTION V: AWARD OF CONTRACT
CONTRACT NO:
TITLE: UK Equity Unconstrained Portfolios (long-only, 130/30 or portable
alpha).
V.1) DATE OF CONTRACT AWARD: 19.1.2009.
V.2) NUMBER OF OFFERS RECEIVED: 62.
V.3) NAME AND ADDRESS OF ECONOMIC OPERATOR TO WHOM THE CONTRACT HAS BEEN
AWARDED: Newton Investment Management UK Ltd, MFC, 160 Queen Victoria
Street, UK-London EC4V 4LA.
V.4) INFORMATION ON VALUE OF CONTRACT If annual or monthly value:
CONTRACT NO:
TITLE: UK Equity Unconstrained Portfolios (long-only, 130/30 or portable
alpha).
V.1) DATE OF CONTRACT AWARD: 19.1.2009.
V.2) NUMBER OF OFFERS RECEIVED: 62.
V.3) NAME AND ADDRESS OF ECONOMIC OPERATOR TO WHOM THE CONTRACT HAS BEEN
AWARDED: BlackRock Investment Management UK Ltd, 33 King William Street,
UK-London EC2Y 5ET.
V.4) INFORMATION ON VALUE OF CONTRACT If annual or monthly value:
CONTRACT NO:
TITLE: UK Equity Unconstrained Portfolios (long-only, 130/30 or portable
alpha).
V.1) DATE OF CONTRACT AWARD: 19.1.2009.
V.2) NUMBER OF OFFERS RECEIVED: 62.
V.3) NAME AND ADDRESS OF ECONOMIC OPERATOR TO WHOM THE CONTRACT HAS BEEN
AWARDED: TT International, Moor House, Level 13, London Wall, UK-London
EC2Y 5ET.
V.4) INFORMATION ON VALUE OF CONTRACT If annual or monthly value:
CONTRACT NO:
TITLE: UK Equity Unconstrained Portfolios (long-only, 130/30 or portable
alpha).
V.1) DATE OF CONTRACT AWARD: 19.1.2009.
V.2) NUMBER OF OFFERS RECEIVED: 62.
V.3) NAME AND ADDRESS OF ECONOMIC OPERATOR TO WHOM THE CONTRACT HAS BEEN
AWARDED: M&G Investments, Laurence Poutney Hill, UK-London EC4R 0HH.
V.4) INFORMATION ON VALUE OF CONTRACT If annual or monthly value:
SECTION VI: COMPLEMENTARY INFORMATION
VI.2) ADDITIONAL INFORMATION: (MT Ref:60628).
VI.3) PROCEDURES FOR APPEAL:
VI.3.2) Lodging of appeals: Precise information on deadline(s) for
lodging appeals: Wirral Council will incorporate a minimum 10 calendar day
stand-still period at the point information on the award of the contract
is communicated to tenderers. This period allows unsuccessful tenderers to
seek further debriefing from the contracting authority before the contract
is entered into. Applicants have 2 working days from the notification of
the award decision to request additional debriefing and that information
has to be provided a minimum of 3 working days before the expiry of the
stand-still period. Such additional information should be required from
the contact in part I.1. If an appeal regarding the award of a contract
has not been successfully resolved the Public Contracts Regulations 2006
(SI 2006 No.5) provide for aggrieved parties who have been harmed or are
at risk of harm by a breach of the rules to take action in the High Court
(England, Wales & Northern Ireland). Any such action must be brought
promptly (Generally within 3 months). Where a contract has not been
entered into, the Court may order the setting aside of the award decision
or order the authority to amend any document and may award damages. If the
Contract has been entered into, the Court may only award damages.
VI.4) DATE OF DISPATCH OF THIS NOTICE: 19.1.2009.
Please note that this notice is for your information only.
We try our best to have the most accurate and up-to-date information available on our web site, but we cannot guarantee that all of the information provided is error-free.
If you have any suggestions for updates/corrections for this notice, please let us know.