---
title: "LGPS Central Straight Through Processing - Investment System"
ocid: "ocds-b5fd17-544f9de1-0abd-477c-8df4-503fde7c230e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-544f9de1-0abd-477c-8df4-503fde7c230e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-544f9de1-0abd-477c-8df4-503fde7c230e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-544f9de1-0abd-477c-8df4-503fde7c230e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOLVERHAMPTON CITY COUNCIL"
published: "2017-06-15"
---

# LGPS Central Straight Through Processing - Investment System

Buyer: WOLVERHAMPTON CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-544f9de1-0abd-477c-8df4-503fde7c230e

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## Summary

The Wolverhampton City Council is seeking to appoint a qualified supplier to provide an integrated investment management platform for the "LGPS Central Straight Through Processing - Investment System" project. This procurement falls within the services industry, specifically focussed on investment management software, with a contract value of £2.3 million. The tender process was initiated on 29 March 2017 and concluded on 2 May 2017, with the contract period starting on 1 June 2017 and extending to 31 May 2022. This tender was published under an open procurement method, allowing all interested suppliers to submit their proposals.

This tender represents a significant opportunity for businesses providing IT services, particularly in software development and investment management solutions. Companies with expertise in creating integrated systems for trading, compliance, and risk management would be ideally positioned to compete. Participating in this procurement could also enhance visibility and credibility in the public sector, potentially leading to further contracts and collaborations within the local government pension fund ecosystem.

## Notice

LGPS Central, the PS35 billion multi-asset investment pool created by eight Midlands based local government pension funds, is seeking to appoint a suitably qualified and experienced supplier to provide a global, multi-asset, integrated investment management platform that incorporates risk management with portfolio management, trading, compliance and operations. The system should be able to deliver "straight through processing", thus enhancing the efficiency of the investment process and reducing the reliance on manual reconciliation. Additional information: Submissions must be made via the e-tendering portal. Please allow sufficient time for uploading your submission. The tender opportunity closes at 12 noon.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a0e7e863-8973-49ac-89b1-ecd824eb6ff6 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Jun 2017 |
| Submission deadline | 2 May 2017 |
| Future notice date | Not specified |
| Award date | 17 May 2017 |
| Contract period | 31 May 2017 - 31 May 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,000,000 |
| Lots value | Not specified |
| Awards value | £2,300,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WOLVERHAMPTON CITY COUNCIL |
| Locality | WOLVERHAMPTON |
| Post town | Wolverhampton |
| Postcode | WV1 1RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG39 Wolverhampton |
| Local authority | Wolverhampton |
| Electoral ward | St Peters |
| Westminster constituency | Wolverhampton West |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BLOOMBERG FINANCE |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 48411000 - Investment management software package
- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 15 Jun 2017 at 11:01 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a0e7e863-8973-49ac-89b1-ecd824eb6ff6
- 3 Apr 2017 at 13:10 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c70173e0-d05b-4c47-9f3c-80a9ae5550a6
- 29 Mar 2017 at 08:44 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c70173e0-d05b-4c47-9f3c-80a9ae5550a6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a0e7e863-8973-49ac-89b1-ecd824eb6ff6
  15th June 2017 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/c70173e0-d05b-4c47-9f3c-80a9ae5550a6
  3rd April 2017 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/22756ca7-5ce4-4d7f-b510-8bd6bf2bac48
  Specification
- http://www.wolverhamptontenders.com
  E-tendering Portal

## Provenance

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