Tender

LBN Macro-Economic Adviser Services

ONESOURCE

This public procurement record has 1 release in its history.

Tender

07 Mar 2017 at 12:56

Tender Notice
Summary of the contracting process

The London Borough of Newham, through its contracting authority oneSource, is currently seeking tender submissions for the "LBN Macro-Economic Adviser Services" project, which aims to enhance its well-performing Pension Fund valued at £1.2 billion. This open procurement process, classified under "Pension fund management services," is in the tender stage with a submission deadline set for 24th March 2017. The service will focus on providing bespoke research, analysis, and modelling regarding the global economy, and is expected to commence on 21st April 2017, concluding on 20th April 2020. The procurement takes place in London, United Kingdom.

This tender presents significant opportunities for businesses that specialise in economic advisory services, particularly those with expertise in financial market interactions and investment forecasting. Small and medium-sized enterprises (SMEs) with a strong background in pension investment services would be particularly well-positioned to compete, given the bespoke nature of the advisory services sought by the authority. Participation in this contract could facilitate growth for businesses aiming to establish or expand their footprint in the public sector market.

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Notice Information

Notice Title

LBN Macro-Economic Adviser Services

Notice Description

The London Borough of Newham Pension Fund is a high performing LGPS Fund that has won LGC Investment Awards 'Fund of the Year' 2014, Professional Pensions Awards 'Best Public Sector Scheme Award 2015 and the LGPS Performance of the Year at the LAPF Investment Awards 2015. More recently, the Fund won The LGC Investment Awards 'Fund of the Year' 2016. The Fund continues to perform well and now its investment assets are valued at PS1.2bn. To help to continue this performance, the London Borough of Newham is seeking a bespoke Macro-Economic Advisory service specializing in research, analysis and modelling focused on the global economy and its interaction with financial markets to help forecast the impact of economic changes on the Fund's investment portfolio. Additional information: Please note this tendering exercise is being undertaken using LBN's electronic tendering system 'capitalEsourcing'. All relevant documentation and information for this opportunity is available on capitalEsourcing, reference itt_OSN_5730. Suppliers will need to register on the system in order to participate and registration is free.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a78f64f9-978a-42df-a5b4-3aee6b6a3dae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dee6d01d-58f7-467c-a9d8-2a863dd93abc
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20178 years ago
Submission Deadline
24 Mar 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
20 Apr 2017 - 20 Apr 2020 3-4 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
ONESOURCE
Contact Name
Not specified
Contact Email
eprocurement@onesource.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E16 2QU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Royal Albert
Westminster Constituency
West Ham and Beckton

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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