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UK-London: pension fund management services

Contract Award

General Information
Country:   United Kingdom
City/Locality:   LONDON
Notice/Contract Number:   eu:8817-2010
Publication Date:   Jan 13, 2010
Buyer:   ROYAL BOROUGH OF KENSINGTON AND CHELSEA
Original Language:   English

Contact Information
Address:   ROYAL BOROUGH OF KENSINGTON AND CHELSEA
LONDON, Inner London - West
United Kingdom
Web Site:   www.rbkc.gov.uk

Goods, Works and Services

 

Summary

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Notice Type: 2280 - Contract award
Regulation of Procurement: European Communities
EU Official Journal Publication: 8/2010, #8817-2010
Referenced Document Number: 239304-2009
Contract Nature: Service contract
Procedure Type: Open procedure
Type of Bid Required: Not applicable
Awarding Criteria: The most economic tender
Successful Bidder: NAME AND ADDRESS OF ECONOMIC OPERATOR IN FAVOUR OF WHOM A CONTRACT AWARD
DECISION HAS BEEN TAKEN: Legal & General Investment Management, One
Coleman Street, London EC2R 5AA, UNITED KINGDOM. Tel. +44 2031243141.

Original Text

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CONTRACT AWARD NOTICE
Services
SECTION I: CONTRACTING AUTHORITY
I.1) NAME, ADDRESSES AND CONTACT POINT(S): Royal Borough of Kensington
and Chelsea, The Town Hall Hornton Street, Attn: Alex Robertson, London W8
7NX, UNITED KINGDOM. Tel. +44 2073613493. E-mail:
alex.robertson@rbkc.gov.uk. Fax +44 2073613479.
Internet address(es):
General address of the contracting authority: www.rbkc.gov.uk.
I.2) TYPE OF THE CONTRACTING AUTHORITY AND MAIN ACTIVITY OR ACTIVITIES:
Regional or local authority.
Economic and financial affairs.
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
Passive Investment Manager(s).
II.1.2) Type of contract and location of works, place of delivery or of
performance: Services.
Service category No 6.
Main site or location of works, place of delivery or of performance:
Services.
NUTS code UKI11.
II.1.4) Short description of the contract or purchase(s): The mandate is
for a manager to manage a portfolio of index-linked gilts and global
equities on a passive basis. The mandate may be expanded to include other
asset classes, also managed on a passive basis, at a future date. Initial
value for the aggregate portfolio is anticipated to be 30 000 000 GBP - 40
000 000 GBP with further funding expected over the course of the next 12 -
18 months.
II.1.5) Common procurement vocabulary (CPV): 66141000.
II.1.6) Contract 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): Value: 6 000 000 GBP.
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. Philosophy, Process, Operational Performance. Weighting: 30.
2. Corporate reputation, commitment. Weighting: 25.
3. Experience, continuity of team. Weighting: 20.
4. Fees. Weighting: 25.
IV.2.2) An electronic auction has been used: No.
IV.3) ADMINISTRATIVE INFORMATION
IV.3.1) File reference number attributed by the contracting authority:
2009/S 165-239304.
IV.3.2) Previous publication(s) concerning the same contract: Contract
notice
Notice number in the OJEU: 2009/S 165-239304 of 28.8.2009.
SECTION V: AWARD OF CONTRACT
V.1) Date of contract award decision: 18.12.2009.
V.2) NUMBER OF OFFERS RECEIVED: 4.
V.3) NAME AND ADDRESS OF ECONOMIC OPERATOR IN FAVOUR OF WHOM A CONTRACT
AWARD DECISION HAS BEEN TAKEN: Legal & General Investment Management, One
Coleman Street, London EC2R 5AA, UNITED KINGDOM. Tel. +44 2031243141.
V.4) INFORMATION ON VALUE OF CONTRACT Initial estimated total value of
the contract:
Value: 40 000 000 GBP.
Excluding VAT.
Total final value of the contract:
Value: 6 000 000 GBP.
Excluding VAT.
V.5) THE CONTRACT IS LIKELY TO BE SUB-CONTRACTED: No.
SECTION VI: COMPLEMENTARY INFORMATION
VI.4) DATE OF DISPATCH OF THIS NOTICE: 11.1.2010.
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