Tender

A Multi-Provider Framework for the provision of Passive Investment Management Services

NORFOLK COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The procurement process involves Norfolk County Council, which is seeking to establish a multi-provider framework for Passive Investment Management Services. This initiative supports the Local Government Pension Scheme (LGPS) and is applicable to various authorities, including Essex Pension Fund and other public sector bodies. The tender was published on 6 September 2016, with a submission deadline of 6 October 2016. The contract period is set to commence on 14 November 2016 and last until 13 November 2020. The procurement is classified under the industry category of pension investment services and follows an open procedure methodology.

This opportunity is ideal for businesses specialising in pension investment management and those looking to expand their services within the public sector. Companies that provide tailored investment solutions or have experience working with local government entities will find this framework particularly lucrative. Engaging in this tender allows businesses to tap into a stable revenue stream by collaborating with various LGPS authorities and related public sector organisations, enhancing their market presence and fostering long-term relationships.

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Notice Information

Notice Title

A Multi-Provider Framework for the provision of Passive Investment Management Services

Notice Description

Norfolk County Council, on its own behalf and on behalf of Essex Pension Fund, Hampshire, Kent, Northamptonshire and Suffolk County Council (the 'Founding Authorities') wish to let a multi-provider framework agreement for the provision of Passive Investment Management Services primarily in support of the Local Government Pension Scheme (LGPS). This framework may also be used by: * any LGPS administering authorities and any of their participating employing authorities as defined in the Local Government Pension Scheme Regulations 2013 SI2013 No.2356 (as amended) and the Local Government Pension Scheme (Administration) (Scotland) Regulations 2008 as amended by SSI 2011/349; * the Committee (the NILGOSC) and employing authorities as defined in the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 / SRNI 2009/33 * the Board of the Pension Protection Fund http://www.pensionprotectionfund.org.uk; * any other administering authority or organisation of a public sector pension scheme or any public sector body that requires pensions related services; and * any Common Asset Pool or Collective Investment Vehicle established by or on behalf of an administering authority or group of administering authorities; any Local Government Pension Fund(s) or groups of Pension Funds; or any bodies, organisations or companies established by them for the purpose of operating on a collective basis. Additional information: Is a Recurrent Procurement Type? : No https://in-tendhost.co.uk/norfolkcc/aspx/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2426028a-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/88712e68-dfd2-4a43-82da-d75a04a5f170
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66520000 - Pension services

75320000 - Government employee pension schemes

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
6 Oct 2016Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Nov 2016 - 13 Nov 2020 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORFOLK COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORFOLK
Postcode
NR1 2DH
Post Town
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Lakenham
Westminster Constituency
Norwich South

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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