{ "tag": [ "compiled" ], "id": "ocds-h6vhtk-02b9bc-2021-12-15T22:45:22Z", "date": "2021-12-15T22:45:22Z", "ocid": "ocds-h6vhtk-02b9bc", "initiationType": "tender", "tender": { "id": "ocds-h6vhtk-02b9bc", "legalBasis": { "id": "32014L0024", "scheme": "CELEX" }, "title": "Custody and Investment Operations Outsourcing Services", "status": "complete", "classification": { "scheme": "CPV", "id": "66162000", "description": "Custody services" }, "mainProcurementCategory": "services", "description": "Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also appoint a second/reserve Custodian to manage some of the PPF's assets, the exact amount is to be confirmed.", "lots": [ { "id": "1", "description": "Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also look to appoint a second/reserve Custodian to manage some of the PPF's assets, the exact amount is to be confirmed. The stated value is a current estimate. Our estimated range is between PS9m to PS53m as we are aware that the actual value could vary significantly according to a number of potential factors over the life of the contract. Additional information: Total contract length stated is based on the maximum possible contract term of 10 years. The initial contract term for Custody is 5 years and IOO 3 years. The minimum contract value and maximum contract values are based on the initial contract term and maximum contract term to be spread across the primary and reserve/secondary custodian exact split is unknown at this stage.", "status": "cancelled", "contractPeriod": { "durationInDays": 3600 }, "hasRenewal": true, "renewal": { "description": "A single Service Provider to deliver the Custody and IOO Services. However, two contracts: Custody - will be for 5 years with optional extensions to take full term to 10 years. Fund accounting and Transfer agency services as required for initial term of 12 months with option to extend to max term. IOO - contract will be for an initial 3 years with optional extensions to take full term to 10 years" }, "submissionTerms": { "variantPolicy": "notAllowed" }, "hasOptions": false, "awardCriteria": { "criteria": [ { "name": "Custody Service Delivery & Support", "type": "quality", "description": "20%" }, { "name": "Custody - Connectivity with PPF Systems and PPF third parties", "type": "quality", "description": "10%" }, { "name": "Custody Performance Regime", "type": "quality", "description": "10%" }, { "name": "IOO Service Delivery", "type": "quality", "description": "15%" }, { "name": "IOO Performance Regime", "type": "quality", "description": "10%" }, { "name": "Project mobilisation, implementation and timing", "type": "quality", "description": "10%" }, { "name": "Carbon Reduction Plan and ESG", "type": "quality", "description": "5%" }, { "name": "Price", "type": "quality", "description": "10%" }, { "name": "Price Sensitivity", "type": "quality", "description": "5%" }, { "name": "Contract", "type": "quality", "description": "5%" }, { "type": "price", "description": "10%" } ] } } ], "items": [ { "id": "1", "additionalClassifications": [ { "scheme": "CPV", "id": "66151000", "description": "Financial market operational services" }, { "scheme": "CPV", "id": "66172000", "description": "Financial transaction processing and clearing-house services" } ], "deliveryAddresses": [ { "region": "UKI62" }, { "region": "UKI62" }, { "region": "UKI62" } ], "relatedLot": "1" } ], "communication": { "futureNoticeDate": "2021-07-05T00:00:00+01:00" }, "value": { "amount": 53000000, "currency": "GBP" }, "submissionMethod": [ "electronicSubmission", "written" ], "submissionMethodDetails": "https://ppf.bravosolution.co.uk/", "documents": [ { "id": "economic", "documentType": "economicSelectionCriteria" }, { "id": "technical", "documentType": "technicalSelectionCriteria" } ], "contractTerms": { "performanceTerms": "As detailed in tender documents.", "electronicInvoicingPolicy": "allowed", "hasElectronicPayment": true }, "procurementMethod": "selective", "procurementMethodDetails": "Competitive procedure with negotiation", "secondStage": { "noNegotiationNecessary": true, "invitationDate": "2021-07-12T00:00:00+01:00" }, "tenderPeriod": { "endDate": "2021-08-10T12:00:00+01:00" }, "submissionTerms": { "languages": [ "en" ], "bidValidityPeriod": { "endDate": "2022-08-31T23:59:59+01:00" } }, "hasRecurrence": false }, "parties": [ { "id": "GB-FTS-8833", "name": "Pension Protection Fund", "identifier": { "legalName": "Pension Protection Fund" }, "address": { "streetAddress": "Renaissance, 12 Dingwall Road", "locality": "Croydon", "region": "UKI62", "postalCode": "CR0 2NA", "countryName": "United Kingdom" }, "contactPoint": { "telephone": "+44 8456002541", "email": "commercialservices@ppf.co.uk", "url": "https://ppf.bravosolution.co.uk/" }, "roles": [ "buyer" ], "details": { "url": "https://ppf.bravosolution.co.uk/", "classifications": [ { "scheme": "TED_CA_TYPE", "id": "BODY_PUBLIC", "description": "Body governed by public law" }, { "scheme": "COFOG", "id": "04", "description": "Economic affairs" } ] } }, { "id": "GB-FTS-22265", "name": "Pension Protection Fund", "identifier": { "legalName": "Pension Protection Fund" }, "address": { "locality": "Croydon", "countryName": "United Kingdom" }, "roles": [ "reviewBody" ] }, { "id": "GB-FTS-37879", "name": "The Northern Trust Company", "identifier": { "legalName": "The Northern Trust Company", "id": "BR001960" }, "address": { "streetAddress": "50 Bank Street", "locality": "Canary Wharf London", "region": "UKI31", "postalCode": "E14 5NT", "countryName": "United Kingdom" }, "roles": [ "supplier" ], "details": { "scale": "large" } }, { "id": "GB-FTS-37880", "name": "JPMorgan Chase Bank", "identifier": { "legalName": "JPMorgan Chase Bank", "id": "BR000746" }, "address": { "streetAddress": "25 Bank Street", "locality": "Canary Wharf, London", "region": "UKI31", "postalCode": "E14 5JP", "countryName": "United Kingdom" }, "roles": [ "supplier" ], "details": { "scale": "large" } } ], "buyer": { "id": "GB-FTS-8833", "name": "Pension Protection Fund" }, "language": "en", "awards": [ { "id": "031337-2021-Primary Custodian-1", "relatedLots": [ "1" ], "title": "Custody and IOO Services", "status": "active", "suppliers": [ { "id": "GB-FTS-37879", "name": "The Northern Trust Company" } ] }, { "id": "031337-2021-Reserve/Secondary Custodian-2", "relatedLots": [ "1" ], "title": "Reserve/Secondary Custodian", "status": "active", "suppliers": [ { "id": "GB-FTS-37880", "name": "JPMorgan Chase Bank" } ] } ], "contracts": [ { "id": "031337-2021-Primary Custodian-1", "awardID": "031337-2021-Primary Custodian-1", "title": "Custody and IOO Services", "status": "active", "value": { "amount": 53000000, "currency": "GBP" }, "dateSigned": "2021-12-14T00:00:00Z" }, { "id": "031337-2021-Reserve/Secondary Custodian-2", "awardID": "031337-2021-Reserve/Secondary Custodian-2", "title": "Reserve/Secondary Custodian", "status": "active", "value": { "amount": 53000000, "currency": "GBP" }, "dateSigned": "2021-12-14T00:00:00Z" } ], "bids": { "statistics": [ { "id": "1", "measure": "bids", "relatedLot": "1", "value": 3 }, { "id": "3", "measure": "bids", "relatedLot": "1", "value": 3 }, { "id": "2", "measure": "electronicBids", "relatedLot": "1", "value": 3 } ] } }