Award

LGPS Central Stewardship Provider

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Award

03 Dec 2018 at 11:33

Award Notice
Summary of the contracting process

The procurement process, initiated by Wolverhampton City Council, involves the appointment of a supplier for the provision of stewardship services under the title "LGPS Central Stewardship Provider." This project falls within the business services sector, specifically targeting law, marketing, consulting and related services, and is focused in West Midlands, United Kingdom. The tender was awarded on 7th September 2018, with a contract value of £1,120,000, and seeks a service provider capable of delivering high-quality voting and engagement services in alignment with responsible investment principles. The contract period commenced on 4th October 2018 and will run until 3rd December 2025.

This opportunity could be particularly beneficial for large-scale consultancy firms with expertise in corporate governance and stewardship. Businesses that can demonstrate a robust understanding of global corporate governance standards and possess the capacity to provide high-quality research will be well-suited to compete. Firms experienced in delivering tailored reporting materials and recognised for their cost-efficiency innovation are also encouraged to engage, as the successful supplier will need to provide insights of genuine value to LGPS Central’s investment processes.

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Notice Information

Notice Title

LGPS Central Stewardship Provider

Notice Description

LGPS Central are seeking to appoint a supplier for the provision of stewardship services, covering shareholder voting and engagement. LGPS Central wish to appoint a provider that can demonstrate an ability to engage and vote in a way that both supports the long-term economic interests of our clients and partner funds, and that is conducive to LGPS Central's vision of responsible investment . The preferred supplier will be able to provide voting and engagement services to members of the investment team, in support of investment processes. LGPS Central is a global investor and the successful supplier will demonstrate truly global coverage in respect of its stewardship services. Whilst volume and coverage are important, LGPS Central seek a supplier that demonstrates high quality research, intimate knowledge of companies, clear understanding of global corporate governance standards and local application, and a systemic appreciation for financial materiality. The successful provider will be expected to provide insights of genuine value to the investment team. The preferred supplier will have an excellent suite of reporting materials, both off-the-shelf and client-customised, enabling LGPS Central to provide in turn high quality reporting to its clients, partner funds and the wider public. Recognising the motivations behind the project of LGPS asset pooling, the successful supplier will strive for continuous improvement, whilst aiming for ever greater cost efficiency. Additional information: This has been awarded via a Further Competition under the National LGPS Stewardship Advisory Services Framework - Lot 3 Voting and Engagement

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/98d2c487-2abc-44dc-ae9a-f55f71bc8b64
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£1,120,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,120,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
3 Dec 20187 years ago
Submission Deadline
3 Sep 2018Expired
Future Notice Date
Not specified
Award Date
6 Sep 20187 years ago
Contract Period
3 Oct 2018 - 3 Dec 2025 Over 5 years
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

HERMES EQUITY OWNERSHIP SERVICES

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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