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UK-Birkenhead: pension fund management services

Request For Proposals

General Information
Country:   United Kingdom
City/Locality:   BIRKENHEAD
Notice/Contract Number:   eu:30241-2009
Publication Date:   Jan 31, 2009
Deadline:   Mar 23, 2009
Buyer:   WIRRAL BOROUGH COUNCIL
Original Language:   English

Contact Information
Address:   WIRRAL BOROUGH COUNCIL
BIRKENHEAD, UNITED KINGDOM
United Kingdom
Web Site:   www.wirral.gov.uk

Goods, Works and Services

 

Summary

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Notice Type: 2210 - Contract notice
Regulation of Procurement: European Communities, with participation by GPA countries
EU Official Journal Publication: 21/2009, #30241-2009
Contract Nature: Service contract
Procedure Type: Open procedure
Type of Bid Required: Global tender
Awarding Criteria: The most economic tender

Original Text

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CONTRACT NOTICE
Services
SECTION I: CONTRACTING AUTHORITY
I.1) NAME, ADDRESSES AND CONTACT POINT(S): Wirral Borough Council,
Municipal Building, Cleveland Street, Contact: Finance, Attn: Michael
Bootman, UK-Birkenhead CH41 6BU. Tel. +44 1516663846. E-mail:
tenders@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.
Further information can be obtained at: Hymans Robertson LLP, 20 Waterloo
Street, Attn: Stephen Birch, UK-Glasgow G2 6DB. Tel. +44 1415667959.
E-mail: merseysidebondsearch@hymans.co.uk. Fax +44 1415667788. URL:
www.hymans.co.uk.
Specifications and additional documents (including documents for
competitive dialogue and a dynamic purchasing system) can be obtained at:
Wirral Borough Council, Municipal Building, Cleveland Street, Contact:
Finance, Attn: Michael Bootman, UK-Birkenhead CH41 6BU. Tel. +44
1516663846. E-mail: tenders@wirral.gov.uk. Fax +44 1516663705. URL:
www.wirral.gov.uk.
Tenders or requests to participate must be sent to: Wirral Borough
Council, Wallasey Town Hall, Brighton Street, Attn: Legal and Member
Services, UK-Wallasey CH44 8ED. Tel. +44 1516663846. URL:
www.wirral.gov.uk.
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:
Unconstrained Sterling Broad Market Bond Mandates.
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: UK.
II.1.3) The notice involves: A public contract.
II.1.5) Short description of the contract or purchase(s): The mandates
will be benchmarked against a sterling broad market Index or a fixed 50 %
gilts 50 % corporates benchmark.
II.1.6) Common procurement vocabulary (CPV): 66141000.
II.1.7) Contract covered by the Government Procurement Agreement (GPA):
Yes.
II.1.8) Division into lots: No.
II.1.9) Variants will be accepted: Yes.
II.2) QUANTITY OR SCOPE OF THE CONTRACT
II.2.1) Total quantity or scope: Two unconstrained active bond mandates
for up to 4 % of Fund assets each (a mandate size of approximately £160
Million each). These mandates will be benchmarked against a sterling broad
market Index or a fixed 50 % gilts 50 % corporates benchmark. A range of
performance targets will be considered between 1-2 % p.a. (gross).
II.2.2) Options: No.
II.3) DURATION OF THE CONTRACT OR TIME-LIMIT FOR COMPLETION: Duration in
months: 36 (from the award of the contract).
SECTION III: LEGAL, ECONOMIC, FINANCIAL AND TECHNICAL INFORMATION
III.1) CONDITIONS RELATING TO THE CONTRACT
III.1.2) Main financing conditions and payment arrangements and/or
reference to the relevant provisions regulating them: As detailed within
the tender document.
III.1.3) Legal form to be taken by the group of economic operators to
whom the contract is to be awarded: As detailed within the tender
document.
III.1.4) Other particular conditions to which the performance of the
contract is subject: No.
III.2) CONDITIONS FOR PARTICIPATION
III.2.1) Personal situation of economic operators, including requirements
relating to enrolment on professional or trade registers: Information and
formalities necessary for evaluating if requirements are met: Providers
must be registered in terms of the Financial Services and Markets Act
2000, or equivalent law of European Economic Area (EEA) member state to
manage the assets of occupational pension funds. Proof of registration
must be provided.
III.2.2) Economic and financial capacity: Information and formalities
necessary for evaluating if requirements are met: As detailed within the
tender document.
III.2.3) Technical capacity: Information and formalities necessary for
evaluating if requirements are met: As detailed within the tender
document.
III.3) CONDITIONS SPECIFIC TO SERVICES CONTRACTS
III.3.1) Execution of the service is reserved to a particular profession:
Yes.
Providers must be registered under the terms of the Financial Services and
Markets Act 2000.
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 the criteria stated in the specifications, in the invitation to
tender or to negotiate or in the descriptive document.
IV.2.2) An electronic auction will be used: No.
IV.3) ADMINISTRATIVE INFORMATION
IV.3.1) File reference number attributed by the contracting authority:
FNCP0910.
IV.3.3) Conditions for obtaining specifications and additional documents
or descriptive document: Time limit for receipt of requests for documents
or for accessing documents: 17.3.2009.
IV.3.4) Time-limit for receipt of tenders or requests to participate:
23.3.2009 - 12:00.
IV.3.6) Language(s) in which tenders or requests to participate may be
drawn up: English.
IV.3.7) Minimum time frame during which the tenderer must maintain the
tender: Duration in month(s): 6 (from the date stated for receipt of
tender).
IV.3.8) Conditions for opening tenders: Date: 23.3.2009 - 12:00.
Place: Wallasey Town Hall, Brighton Street, Wallasey CH44 8ED.
SECTION VI: COMPLEMENTARY INFORMATION
VI.3) ADDITIONAL INFORMATION: Tender documents can be requested
electronically from tenders@wirral.gov.uk. Please state clearly on your
request the title of the contract as shown in the notice. The documents
will be available on request between 5.2.09 until 17.3.09. Tender
documentation will be e-mailed back to you. Note the closing date for
return of tenders is 23.3.09.
Further note that technical queries regarding this contract should be
referred to the consultant Hymans Robertson LLP as shown on this notice.
Wirral Council are administering the tender documentation on behalf of the
consultant and Merseyside Pension Fund.
(MT Ref:60749).
VI.4) PROCEDURES FOR APPEAL
VI.4.2) 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.5) DATE OF DISPATCH OF THIS NOTICE: 30.1.2009.
Please note that this notice is for your information only.
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