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Asset Class Modelling & Allocation Services

LONDON LGPS CIV LIMITED

This public procurement record has 3 releases in its history.

Award

01 Aug 2025 at 12:05

UK6 - Contract Award Notice
TenderUpdate

08 Apr 2025 at 14:32

UK4 - Tender Notice
Tender

31 Mar 2025 at 11:12

UK4 - Tender Notice
Summary of the contracting process

The public procurement process led by LONDON LGPS CIV LIMITED, headquartered on the 4th Floor, 22 Lavington Street, London, centred around the procurement of "Asset Class Modelling & Allocation Services". This contract focuses on services that will assist in delivering asset class modelling and allocation strategies across public and private market strategies for the London Local Authority LGPS. The procurement falls under the services industry, more specifically under financial market operational services (CPV Code: 66151000). The open procurement method adopted was a competitive flexible procedure, with the award granted to Mercer Limited. The procurement has progressed into the award stage as of 1 August 2025, with the contract period commencing on 1 September 2025 and extending till 31 August 2028, incorporating the possibility of renewal based on performance and continued necessity of services.

This contract presents significant opportunities for businesses with expertise in financial data modelling and risk analysis, particularly those capable of supporting comprehensive market strategies. While the award has gone to a large-scale supplier, smaller enterprises specialising in financial services, analytics, or scenario-based risk modelling could have potentially bid for related opportunities if they had the capability to offer competitive, innovative solutions. The procurement’s focus on both public and private market strategies implies that businesses with a robust track record in providing financial modelling services to institutional clients, especially within local government or similar sectors, would find this kind of tender particularly appealing and aligned with their strategic growth objectives. Successful bidders would need to demonstrate an ability to scale services and incorporate responsible investment practices, suggesting an open field for businesses adept in these competencies to position themselves for future contracts.

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Notice Information

Notice Title

Asset Class Modelling & Allocation Services

Notice Description

LCIV wishes to procure data sets and modelling, scenario and risk analysis tools and related services which will be used to support the delivery of asset class modelling and allocation services to our Partner Funds, including advising on the appropriate risk profile for Partner Funds to take into account their strategic objectives and risk appetites. The data, tools and services must cover the full range of public and private market strategies used by the London Local Authority LGPS. LCIV is inviting suppliers to bid their respective solutions, including proof-of-concept presentations which will enable bidders to demonstrate (and LCIV to evaluate) detailed functional capabilities of the proposed solutions, and the method of delivery of these solutions to the authority. We anticipate that the appointed supplier will enter into a single agreement with LCIV for the provision of data and services and that such data and services will be allowed to be passed onto shared with our Partner Funds where they have a contractual agreement with LCIV for such services.

Lot Information

Lot 1

Renewal: Subject to satisfactory performance and ability to accommodate any service changed arising during the contract period, they initial contract period may be extended.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04fa80
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/045170-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66151000 - Financial market operational services

Notice Value(s)

Tender Value
£2,700,000 £1M-£10M
Lots Value
£2,700,000 £1M-£10M
Awards Value
£750,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Aug 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Jul 20251 years ago
Contract Period
1 Sep 2025 - 31 Aug 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON LGPS CIV LIMITED
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
SE1 0NZ
Postcode Area
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

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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