Futures Clearing Broker Services

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-06741d-2026-05-05T16:29:05+01:00",
    "date": "2026-05-05T16:29:05+01:00",
    "ocid": "ocds-h6vhtk-06741d",
    "initiationType": "tender",
    "planning": {
        "documents": [
            {
                "id": "027464-2026",
                "documentType": "plannedProcurementNotice",
                "noticeType": "UK3",
                "description": "Planned procurement notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/027464-2026",
                "datePublished": "2026-03-25T15:48:32Z",
                "format": "text/html"
            },
            {
                "id": "027496-2026",
                "documentType": "plannedProcurementNotice",
                "noticeType": "UK3",
                "description": "Planned procurement notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/027496-2026",
                "datePublished": "2026-03-25T16:17:03Z",
                "format": "text/html"
            }
        ],
        "noEngagementNoticeRationale": "PME notice published under different OCID (2026/S 000-027478)"
    },
    "parties": [
        {
            "id": "GB-COH-10795539",
            "name": "Border to Coast Pensions Partnership Limited",
            "identifier": {
                "scheme": "GB-COH",
                "id": "10795539"
            },
            "additionalIdentifiers": [
                {
                    "scheme": "GB-PPON",
                    "id": "PZTH-6472-NGDG"
                }
            ],
            "address": {
                "streetAddress": "5th Floor, Toronto Square, Toronto Street",
                "locality": "Leeds",
                "postalCode": "LS1 2HJ",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKE42"
            },
            "contactPoint": {
                "email": "procurement@bordertocoast.org.uk",
                "name": "Border to Coast Procurement Team"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "publicAuthoritySubCentralGovernment",
                        "scheme": "UK_CA_TYPE",
                        "description": "Public authority - sub-central government"
                    }
                ],
                "url": "https://www.bordertocoast.org.uk/"
            }
        }
    ],
    "buyer": {
        "id": "GB-COH-10795539",
        "name": "Border to Coast Pensions Partnership Limited"
    },
    "tender": {
        "id": "DN811141",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Futures Clearing Broker Services",
        "description": "Border to Coast Pensions Partnership Limited (\"Border to Coast\") is an FCA regulated investment manager based in Leeds, UK managing assets on behalf of 18 Local Government Pension Scheme (\"LGPS\") pension funds (as of 1 April 2026). Border to Coast has investment propositions across a range of asset classes including equities, fixed income, private markets and real estate. There is a mix of internal (direct) and external (via third party managers) management across these propositions. Assets under management are currently ~PS53bn and are expected to grow to ~PS115bn over the next 2 - 3 years. In addition, Border to Coast is developing a series of investment capabilities to provide advisory, asset allocation and implementation services to Partner Funds. Border to Coast currently uses Bloomberg for its Order Management / Portfolio Management system (\"OMS / PMS\") but will be migrating to BlackRock Aladdin towards the end of 2026. Third Party Administrator (\"TPA\") services, including brokerage, custody and fund accounting, are provided by Northern Trust. Border to Coast wishes to procure a Futures Clearing Broker to support the implementation of its futures capability. The provider's operating model needs to be able to fully integrate with our OMS / PMS (both current and future state) and our TPA.",
        "status": "active",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66170000",
                        "description": "Financial consultancy, financial transaction processing and clearing-house services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UK",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "UK",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "value": {
            "amountGross": 500000,
            "amount": 500000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Competitive flexible procedure",
        "procedure": {
            "isAccelerated": true,
            "acceleratedRationale": "Qualifying planned procurement notice",
            "features": "The procurement will follow the competitive flexible procedure. Suppliers will complete and submit a Stage 1 Pre-selection Questionnaire and a Due Diligence Questionnaire (Part A), which will be scored. It is anticipated that a maximum of 5 suppliers will then progress to Stage 2, during which bids will be evaluated and request(s) may be made for individual online Teams clarification sessions. Scoring will be subject to a final moderation following these sessions at which point the successful supplier will be identified (subject to successful completion of all due diligence requirements and a standstill period) and a contract will be entered into."
        },
        "mainProcurementCategory": "services",
        "aboveThreshold": true,
        "coveredBy": [
            "GPA"
        ],
        "submissionMethodDetails": "Tender documents will be available to access via Proactis ProContract under opportunity ID DN811141- https://procontract.due-north.com/Login/Index?ReturnUrl=/Login/LogoutConfirmation",
        "submissionTerms": {
            "electronicSubmissionPolicy": "allowed",
            "languages": [
                "en"
            ]
        },
        "tenderPeriod": {
            "endDate": "2026-05-18T12:00:00+01:00"
        },
        "enquiryPeriod": {
            "endDate": "2026-05-11T23:00:00Z"
        },
        "awardPeriod": {
            "endDate": "2026-07-09T23:59:59+01:00"
        },
        "lots": [
            {
                "id": "1",
                "status": "active",
                "value": {
                    "amountGross": 500000,
                    "amount": 500000,
                    "currency": "GBP"
                },
                "contractPeriod": {
                    "startDate": "2026-08-26T00:00:00+01:00",
                    "endDate": "2031-08-25T23:59:59+01:00",
                    "maxExtentDate": "2036-08-25T23:59:59+01:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "The contract is expected to commence from late August - early September 2026. The contract will be for an initial period of 5 years with an option to extend for a further 5 years"
                },
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "quality",
                            "name": "Quality/Service",
                            "numbers": [
                                {
                                    "number": 80,
                                    "weight": "percentageExact"
                                }
                            ]
                        },
                        {
                            "type": "price",
                            "name": "Bid Price",
                            "numbers": [
                                {
                                    "number": 20,
                                    "weight": "percentageExact"
                                }
                            ]
                        }
                    ]
                }
            }
        ],
        "communication": {
            "futureNoticeDate": "2026-05-05T23:59:59+01:00"
        },
        "amendments": [
            {
                "id": "027496-2026",
                "description": "Notice linked to ocds-h6vhtk-067424"
            }
        ],
        "expressionOfInterestDeadline": "2026-05-18T11:00:00Z",
        "documents": [
            {
                "id": "conflictOfInterest",
                "documentType": "conflictOfInterest"
            },
            {
                "id": "041210-2026",
                "documentType": "tenderNotice",
                "noticeType": "UK4",
                "description": "Tender notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/041210-2026",
                "datePublished": "2026-05-05T16:29:05+01:00",
                "format": "text/html"
            }
        ]
    },
    "language": "en"
}