Award

Executive Recruitment for LGPS

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

20 Dec 2016 at 15:09

Award Notice
Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The procurement process concerns the "Executive Recruitment for LGPS" contract initiated by Wolverhampton City Council, aimed at managing assets for nine Midlands-based Local Government Pension Funds. This open procedure is currently at the award stage, with the contract recently awarded on 25th November 2016 to IRG Advisors t/a Odgers Berndtson for a total value of £126,000. The contract period runs from 1st December 2016 to 30th June 2017, and submission deadlines for interested parties were due by 14th November 2016. The service falls under the recruitment services category as per the CPV classification.

This tender presents significant opportunities for businesses specialising in executive search and recruitment services, particularly those with an established presence in the public sector. Firms that can demonstrate relevant experience in recruiting management-level talent would be well-positioned to compete, especially those able to offer tailored services for both executive and non-executive roles. Successful applicants may gain a pivotal role supporting the operational efficiency of a sizeable pool of pension fund assets valued at approximately £38 billion, thereby enhancing their portfolio and reputation within the industry.

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Notice Information

Notice Title

Executive Recruitment for LGPS

Notice Description

LGPS Central Ltd. has been set up to manage the assets of 9 Midlands-based Local Government Pension Funds on a pooled basis, in line with the wishes and expectations of Central Government. The first assets are expected to be transferred in April 2018 and considerable work has already been carried out to ensure that the necessary infrastructure will be in place in time for this date. The Funds currently have combined assets of c. PS38bn. In order to ensure that the pool offers the Pension Funds both operational and investment performance excellence LGPS Central is looking to appoint individuals to six keys positions, split into two different lots (one for Executive positions and one for non-executive) and Executive Search Firms are being sought to assist in the recruitment of these skilled individuals. Search Firms may apply for one of the lots or both, but if applying for both they must be by way of separate submissions. The appointments are expected to become effective well in advance of the date that the first assets will be transferred to the pool. Submissions are sought from Executive Search Firms that have the experience and market presence to assist LGPS Central in the appointment of these key individuals, with a deadline for their return of 14th November 2016. These submission should not stretch to more than eight pages of A4, although CV's of the key individuals that will be responsible for the search may be added as appendices. The appointments are split into 2 Lots: Lot 1 - Executive Posts Lot 2 - Non-Executive Posts There is a possibility that the same firm will be appointed to both Lots, but firms may apply for either or both. Additional information: Please ensure you allow sufficient time to submit your bid. All bids must be submitted via the e-tendering portal.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-64a5584a-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b76f1fe9-b0a3-49b7-a3da-310b8b877f57
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79600000 - Recruitment services

Notice Value(s)

Tender Value
£142,000 £100K-£500K
Lots Value
Not specified
Awards Value
£126,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20169 years ago
Submission Deadline
14 Nov 2016Expired
Future Notice Date
Not specified
Award Date
25 Nov 20169 years ago
Contract Period
1 Dec 2016 - 30 Jun 2017 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WOLVERHAMPTON CITY 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
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

IRG ADVISORS T/A ODGERS BERNDTSON

Further Information

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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