Award

National LGPS Framework for Investment Management Consultancy Services

ESSEX COUNTY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

08 Apr 2021 at 14:22

Award

08 Apr 2021 at 11:10

Summary of the contracting process

Essex County Council is seeking consultancy services through the National LGPS Framework for Investment Management. This procurement is currently at the award stage, with the contract awarded to Hymans Robertson LLP for a total value of £500,000. The contract period commenced on 1st April 2021 and extends until 31st March 2024. The procurement method utilised is selective, via a call-off from a framework agreement, and the contract pertains to pension investment services, specifically in the geographical area of Chelmsford, England, with delivery addresses registered under the postal code CM1 1QH.

This tender presents significant opportunities for businesses specialising in investment management consultancy services. Small and medium-sized enterprises (SMEs) that can provide expertise in investment strategy, asset allocation, and legislative changes affecting funds will find this an ideal contract to pursue. The successful delivery of these services could enhance their portfolio and reputation in the public sector, leading to potential growth and further opportunities in similar contracts.

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Notice Title

National LGPS Framework for Investment Management Consultancy Services

Notice Description

To provide advice to the Fund on investment strategy, asset allocation,benchmark selection and design, investment management structure, legislative changes impacting on the Fund and current emerging issues.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5a233048-7456-4219-a86c-e73d3ccaf3e3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cb513e17-2fc7-4561-a127-c2eb13786bec
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Apr 20214 years ago
Submission Deadline
30 Mar 2021Expired
Future Notice Date
Not specified
Award Date
31 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Mar 2024 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ESSEX COUNTY COUNCIL
Contact Name
Yamini Monks
Contact Email
yamini.monks@essex.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
CHELMSFORD
Postcode
CM1 1QH
Post Town
Chelmsford
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH36 Heart of Essex
Delivery Location
Not specified

Local Authority
Chelmsford
Electoral Ward
Moulsham and Central
Westminster Constituency
Chelmsford

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

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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