Tender

LGPS Central UK Direct Property Fund Administrator

LGPS CENTRAL LIMITED

This public procurement record has 1 release in its history.

Tender

02 Jul 2021 at 15:34

Summary of the contracting process

The procurement process is being led by LGPS Central Limited, which is seeking a Fund Administrator for the LGPS Central UK Direct Property Fund. This tender, identified as PRP0011, falls under the financial and insurance services category and is located in Wolverhampton, UK. The procurement is currently in the Tender stage, with submissions open until 2nd August 2021. The selected contract will last for an initial term of five years, potentially extending for another five based on performance, facilitating significant cost savings for the Partner Funds involved.

This tender presents significant opportunities for businesses specialising in financial and administrative services, particularly those equipped to handle fund management for public sector pension schemes. Companies with expertise in competitive dialogue procurement processes are encouraged to apply, particularly those that can demonstrate strong organisational structures and collaborative capabilities. This is an excellent chance for firms aiming to enhance their footprint in the UK public sector and forge long-term partnerships within local government frameworks.

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Notice Title

LGPS Central UK Direct Property Fund Administrator

Notice Description

LGPS Central will be the AIFM of the Property ACS and wishes to appoint a Fund Administrator. An overview of the services in respect of the Project is set out in the Selection Questionnaire document on the In-tend system.LGPS Central will appoint the Administrator for an initial term of five years with a possible subsequent extension of the same timeframe. A key objective of LGPS Central is to achieve cost savings for the Partner Funds and this is therefore a key objective for the Project.Organisations responding to this Process will need to clearly set out the structure, the arrangements it has or will put in place and identify all entities involved. Note that certain parts of the Selection Questionnaire are required to be completed on an individual organisation basis so groups of organisations and/or sub-contractors being relied upon will each need to ensure completion of the relevant question(s).

Lot Information

Lot 1

LGPS Central will be the AIFM of the Property ACS and wishes to appoint a Fund Administrator. An overview of the services in respect of the Project is set out in the Selection Questionnaire document on the In-tend system.LGPS Central will appoint the Administrator for an initial term of five years with a possible subsequent extension of the same timeframe. A key objective of LGPS Central is to achieve cost savings for the Partner Funds and this is therefore a key objective for the Project.Organisations responding to this Process will need to clearly set out the structure, the arrangements it has or will put in place and identify all entities involved. Note that certain parts of the Selection Questionnaire are required to be completed on an individual organisation basis so groups of organisations and/or sub-contractors being relied upon will each need to ensure completion of the relevant question(s).

Renewal: 5 year + 5 year contract duration. Renewal is dependent on meeting agreed performance.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02c30d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015258-2021
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
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
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LGPS CENTRAL LIMITED
Contact Name
Not specified
Contact Email
neil.wain@lgpscentral.co.uk
Contact Phone
Not specified

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
TLF East Midlands (England), TLG West Midlands (England)

Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

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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