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UK-Harrow: pension fund management services

Contract Award

General Information
Country:   United Kingdom
City/Locality:   HARROW
Notice/Contract Number:   eu:30740-2010
Publication Date:   Feb 2, 2010
Buyer:   LONDON BOROUGH OF HARROW COUNCIL
Original Language:   English

Contact Information
Address:   LONDON BOROUGH OF HARROW COUNCIL
HARROW, Outer London - East and North East
United Kingdom
Web Site:   www.harrow.gov.uk

Goods, Works and Services

 

Summary

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Notice Type: 2280 - Contract award
Regulation of Procurement: European Communities, with participation by GPA countries
EU Official Journal Publication: 22/2010, #30740-2010
Referenced Document Number: 264280-2008
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: State Street Advisors Limited, 20 Churchill
Place, London E14 5HJ, UNITED KINGDOM. E-mail: Moira_Gorman@SSgA.com. Tel.
+44 2033956653. Fax +44 2033956350.

Original Text

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CONTRACT AWARD NOTICE
Services
SECTION I: CONTRACTING AUTHORITY
I.1) NAME, ADDRESSES AND CONTACT POINT(S): London Borough of Harrow
Council, Civic Centre, Station Road, Harrow, Middlesex, Attn: Jennifer
Hydari, Harrow HA1 2UJ, UNITED KINGDOM. Tel. +44 2084241393. E-mail:
jennifer.hydari@harrow.gov.uk.
Internet address(es):
General address of the contracting authority: www.harrow.gov.uk.
I.2) TYPE OF THE CONTRACTING AUTHORITY AND MAIN ACTIVITY OR ACTIVITIES:
Regional or local authority.
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)(UK Passive).
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 UKI21.
II.1.4) Short description of the contract or purchase(s): The mandate(s)
will be for a specialist UK passive manager, with a value of circa 110 000
000 GBP.
II.1.5) Common procurement vocabulary (CPV): 66141000.
II.1.6) Contract covered by the Government Procurement Agreement (GPA):
Yes.
II.2) TOTAL FINAL VALUE OF CONTRACT(S)
II.2.1) Total final value of contract(s): Value: 106 000 000 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. Corporate reputation and commitment to passive management. Weighting:
20.
2. 3.Experience and continuity of the investment professionals. Weighting:
20.
3. Investment philosophy, process and operational performance. Weighting:
40.
4. Fees. Weighting: 20.
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:
264280-2008-EN.
IV.3.2) Previous publication(s) concerning the same contract: Contract
notice
Notice number in the OJEU: 2008/S 199-264280 of 14.10.2008.
SECTION V: AWARD OF CONTRACT
V.1) Date of contract award decision: 29.9.2009.
V.2) NUMBER OF OFFERS RECEIVED: 6.
V.3) NAME AND ADDRESS OF ECONOMIC OPERATOR IN FAVOUR OF WHOM A CONTRACT
AWARD DECISION HAS BEEN TAKEN: State Street Advisors Limited, 20 Churchill
Place, London E14 5HJ, UNITED KINGDOM. E-mail: Moira_Gorman@SSgA.com. Tel.
+44 2033956653. Fax +44 2033956350.
V.4) INFORMATION ON VALUE OF CONTRACT Initial estimated total value of
the contract:
Value: 110 000 000 GBP.
Excluding VAT.
Total final value of the contract:
Value: 106 000 000 GBP.
V.5) THE CONTRACT IS LIKELY TO BE SUB-CONTRACTED: No.
SECTION VI: COMPLEMENTARY INFORMATION
VI.1) CONTRACT RELATED TO A PROJECT AND/OR PROGRAMME FINANCED BY
COMMUNITY FUNDS: No.
VI.4) DATE OF DISPATCH OF THIS NOTICE: 1.2.2010.
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