Award

LGPS Investment Vehicle Structures

SCOTTISH FUTURES TRUST

This public procurement record has 2 releases in its history.

Summary of the contracting process

The Scottish Futures Trust is currently engaged in a procurement process aimed at appointing a single provider for the "LGPS Investment Vehicle Structures" project, which falls under the services category within the infrastructure delivery sector. The procurement method employed is an open procedure, with the tender period concluding on 24 January 2018. The project is centred in Edinburgh, UK, and is designed to explore options for establishing a Local Government Pension Scheme (LGPS) investment vehicle that would pool resources from various administering pension authorities to invest in Scottish infrastructure and real estate initiatives.

This tender presents significant opportunities for businesses engaged in financial advisory, investment management, and infrastructure consultancy, particularly those with experience in pension fund dynamics and investment strategies. Companies that excel in large-scale investment planning and have a robust understanding of the Scottish public sector landscape would be well-suited to compete for this contract. With a value of £100,000, this contract could bolster the capacities of businesses able to navigate the complexities of public pension fund management.

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Notice Title

LGPS Investment Vehicle Structures

Notice Description

SFT wishes to appoint a single provider to undertake an independent commission to assess the potential options for setting up a new Local Government Pension Scheme (LGPS) investment vehicle. It is envisaged that the vehicle would pool some of the resources from some or all of the 11 administering pension authorities, which could be used to invest in Scottish infrastructure and real estate opportunities. The Supplier will draw upon their own experience, SFT's, knowledge that has already been gathered from LGPS pension funds, and the wider pension fund landscape in the UK in terms of pooling funds to invest at scale in local infrastructure and real estate.

Lot Information

Lot 1

SFT wishes to appoint a Supplier to undertake an independent commission that will assess the options for establishing a Scottish LGPS investment vehicle, with pooled resources from some or all of 11 administering pension authorities, which could be used to invest in Scottish infrastructure and real estate opportunities. As part of the independent commission, the Supplier will draw upon their own experience, SFT's, knowledge collated from the LGPS pension funds, and the wider pension fund landscape in the UK in terms of pooling funds to invest at scale in local infrastructure and real estate. Full details are contained within the attached ITT.

Options: SFT reserves the right to instruct additional services for a period of up to one further year following completion of the Requirement up to the value of GBP 15,000 exclusive of VAT.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000523981
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB310029
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
£100,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£82,500 Under £100K

Notice Dates

Publication Date
13 Feb 20188 years ago
Submission Deadline
24 Jan 2018Expired
Future Notice Date
Not specified
Award Date
12 Feb 20188 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SCOTTISH FUTURES TRUST
Contact Name
Not specified
Contact Email
mailbox@scottishfuturestrust.org.uk
Contact Phone
+44 1315100800

Buyer Location

Locality
EDINBURGH
Postcode
EH2 1DF
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM Scotland

Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh North and Leith

Supplier Information

Number of Suppliers
1
Supplier Name

CBRE INDIRECT INVESTMENT SERVICES

Further Information

Notice Documents

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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