Tender

LGPS Central UK Direct Property Fund Depositary

LGPS CENTRAL LTD

This public procurement record has 2 releases in its history.

TenderAmendment

02 Jul 2021 at 15:44

Tender Notice
Tender

02 Jul 2021 at 15:44

Tender Notice
Summary of the contracting process

The LGPS Central Ltd is seeking to appoint a Fund Depositary for their UK Direct Property Fund, with the tender titled "LGPS Central UK Direct Property Fund Depositary". This procurement falls under the financial and insurance services category and is located in Wolverhampton, West Midlands, United Kingdom. The procurement stage is currently active, with the tender period concluding on 2nd August 2021. Interested suppliers should note that the contract is scheduled to commence on 1st November 2021 and last until 1st September 2031. This opportunity employs a selective procurement method, specifically through a competitive dialogue process.

This tender offers significant opportunities for businesses in financial and insurance services, particularly those skilled in asset management, fund administration, and regulatory compliance. Companies with expertise in monitoring cash flows, NAV calculations, and investor transactions will be well-suited to compete for this contract. Additionally, firms capable of providing tailored services specific to a property fund's requirements will find this opportunity to be an advantageous avenue for growth.

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Notice Information

Notice Title

LGPS Central UK Direct Property Fund Depositary

Notice Description

LGPS Central will be the AIFM of the Property ACS and wishes to appoint a Fund Depositary. Provision of a Formal Property Procedure for the sale and disposal of assets the Investment Manager will be expected to follow. Monitoring the AIF's cash flows. Monitoring that the investor transactions, sale, issue, repurchase and redemption of units in the funds are processed correctly and on a timely basis. Monitoring that the investments are appropriate. Oversight of the register of investors. Monitoring NAV calculations according to the prospectus and regulatory requirements. Oversight of income and distributions. Monitoring reconciliation of cash accounts and reviewing cash flows. How you will hold the fund's assets and how this is specifically tailored for a property fund. An overview of the services in respect of the Project is set out in the Selection Questionnaire document on the In-tend system. Additional information: For any supplier interested in this opportunity, further information can be found in the Procurement Information Document that forms part of the procurement pack. This can be found at https://in-tendhost.co.uk/lgpscentral/aspx/Home Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d2aada23-58ed-452c-9694-981753141340
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dc8b6eac-f349-475e-9a53-2a19748ce37f
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialogue (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
2 Jul 20214 years ago
Submission Deadline
2 Aug 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2021 - 1 Sep 2031 Over 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
LGPS CENTRAL LTD
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 3NB
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

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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