Notice Information
Notice Title
Investment Risk System and Climate Risk Data Services
Notice Description
Local Pensions Partnership Investments ("LPPI") requires an Investment Risk System to develop best practice internally and externally with regards to reporting and decision support and the provision of relevant security/asset climate change data and tools to assist LPPI to comply with the IIGCC Asset Manager Net Zero Framework and the Task Force on Climate-related Financial Disclosures (TCFD).
Lot Information
Lot 1
LPPI requires an Investment Risk System to develop best practice internally and externally with regards to reporting and decision support and the provision of relevant security/asset climate change data and tools to assist LPPI to comply with the IIGCC Asset Manager Net Zero Framework and the Task Force on Climate-related Financial Disclosures (TCFD). The contract has been awarded to MSCI under regulation 32(2)(b)(ii) of the Public Contracts Regulations 2015 because competition is absent for technical reasons. LPPI considers MSCI to be the only provider that is able to meet all of LPPI's minimum requirements, which include but are not limited to an Investment Risk System that: 1. provides coverage for all of LPPI's asset classes, including private assets (without simply proxying to public market instruments) and compatibility with Barra's Real Estate Portal; 2. has a liquidity model, that can provide liquidity ladders and also is compliant with ESM Liquidity Stress Testing requirements; 3. provides AIFMD reporting as a managed service, driven by the positions loaded into the Risk system; 4. provides exposure reporting for all asset classes; 5. has the ability to add an unlimited amount of user data and categorisations to positions; 6. has the ability to create user defined, calculated metrics for reporting purposes; 7. has all three types of VaR model (Parametric, Historical and Monte-Carlo) and can incorporate fat tails into the VaR methodology; 8. provides stress testing of: a. historical scenarios b. hypothetical scenarios (correlated and uncorrelated) 9. subject to licencing, has the ability to load all of LPPI's fund risk and performance benchmarks; and 10. can represent the LPPI fund view as well as the client view including their balance sheet assets; and 11. can support climate change data and tools that effectively work alongside risk management data and tools.
Procurement Information
Award of a contract without prior publication of a call for competition in the cases listed below * Where the services can be supplied only by a particular economic operator because competition is absent for technical reasons Explanation: The contract has been awarded to MSCI under regulation 32(2)(b)(ii) of the Public Contracts Regulations 2015 because competition is absent for technical reasons. LPPI considers MSCI to be the only provider that is able to meet all of LPPI's minimum requirements, which include but are not limited to an Investment Risk System that: 1. provides coverage for all of LPPI's asset classes, including private assets (without simply proxying to public market instruments) and compatibility with Barra's Real Estate Portal; 2. has a liquidity model, that can provide liquidity ladders and also is compliant with ESM Liquidity Stress Testing requirements; 3. provides AIFMD reporting as a managed service, driven by the positions loaded into the Risk system; 4. provides exposure reporting for all asset classes; 5. has the ability to add an unlimited amount of user data and categorisations to positions; 6. has the ability to create user defined, calculated metrics for reporting purposes; 7. has all three types of VaR model (Parametric, Historical and Monte-Carlo) and can incorporate fat tails into the VaR methodology; 8. provides stress testing of: a. historical scenarios b. hypothetical scenarios (correlated and uncorrelated) 9. subject to licencing, has the ability to load all of LPPI's fund risk and performance benchmarks; 10. can represent the LPPI fund view as well as the client view including their balance sheet assets; and 11. can support climate change data and tools that effectively work alongside risk management data and tools.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-03622c
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/023506-2022
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Standard
- Procurement Category
- Goods
- Procurement Method
- Limited
- Procurement Method Details
- Award procedure without prior publication of a call for competition
- Tender Suitability
- Not specified
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
48 - Software package and information systems
-
- CPV Codes
48411000 - Investment management software package
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £765,000 £500K-£1M
Notice Dates
- Publication Date
- 23 Aug 20223 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 31 May 20223 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD
- Contact Name
- Chief Legal and Compliance Officer
- Contact Email
- daniel.evans@lppi.co.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- EC2M 2PF
- Post Town
- Central London
- Country
- England
-
- Major Region (ITL 1)
- TLI London
- Basic Region (ITL 2)
- TLI3 Inner London - West
- Small Region (ITL 3)
- TLI35 Westminster and City of London
- Delivery Location
- Not specified
-
- Local Authority
- City of London
- Electoral Ward
- Bishopsgate
- Westminster Constituency
- Cities of London and Westminster
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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