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Contract Award for the provision of Pension Fund Investment Management Consultancy Services

The Royal Borough of Kensington and Chelsea

This public procurement record has 1 release in its history.

Award

06 Sep 2023 at 16:28

Award Notice
Summary of the contracting process

The Royal Borough of Kensington & Chelsea has recently awarded a contract to Mercer Ltd for the provision of Pension Fund Investment Management Consultancy Services. The contract, established for an initial 3 years from 1 September 2023, with a possible extension of 2 years, was procured via a further competition under the National LGPS Frameworks. The procurement method used was an Award procedure without prior publication. The procurement falls outside the scope of the directive, with the procurement method rationale being a Framework call-off contract. The contract is valued at GBP 500,000 and is currently active, with the buying organisation located in London, UK, in the services industry category.

This tender for Pension Fund Investment Management Consultancy Services provides an opportunity for businesses in the consultancy services sector, particularly those with expertise in pension fund investment management. The contract includes a range of advisory services related to investment management support and collaboration with the fund's actuary. Businesses that can demonstrate proficiency in Method Statements, Social Value, Presentation, and Price components stand a good chance to compete effectively in this procurement process. The Royal Borough of Kensington & Chelsea invites interested businesses to explore further details on their procurement profile for potential business growth opportunities.

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Notice Information

Notice Title

Contract Award for the provision of Pension Fund Investment Management Consultancy Services

Notice Description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded a consultancy services contract to Mercer Ltd. The contract is for the provision of pension fund investment management consultancy and was procured using the National LGPS Frameworks under the Investment Management Consultancy Services Framework Agreement (NCCT42289) Lot 1-Investment Consultancy Services via a further competition. The contract was established for an initial duration of 3 years from 1 September 2023, with the option to extend for 2 years at the RBKC's discretion.

Lot Information

Lot 1

The Investment Consultant is contracted to provide a wide range of advisory services in relation to investment management support and work with the fund's actuary on an on-going basis in respect of the integrated management of fund assets and liabilities.

Procurement Information

Framework call-off contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03fa95
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026385-2023
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
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

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£500,000 £500K-£1M

Notice Dates

Publication Date
6 Sep 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Aug 20232 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
The Royal Borough of Kensington and Chelsea
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
W8 7NX
Postcode Area
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
Not specified
Local Authority
Kensington and Chelsea
Electoral Ward
Campden
Westminster Constituency
Kensington and Bayswater

Supplier Information

Number of Suppliers
1
Supplier Name

Mercer Limited

Further Information

Open Contracting Data Standard (OCDS)

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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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