---
title: "Independent Professional Observer Service for the Lothian Pension Fund"
ocid: "ocds-r6ebe6-0000543983"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000543983"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000543983.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000543983.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "THE CITY OF EDINBURGH COUNCIL"
published: "2018-08-28"
---

# Independent Professional Observer Service for the Lothian Pension Fund

Buyer: THE CITY OF EDINBURGH COUNCIL  
Current stage: Award  
OCID: ocds-r6ebe6-0000543983

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000543983.json)

## Summary

The City of Edinburgh Council is procuring an Independent Professional Observer Service for the Lothian Pension Fund, with a total contract value of £154,000. This procurement process is currently in the active tender stage, with the submission deadline set for 14th June 2018. The service will be conducted in Edinburgh, under an open procedure, which allows any interested suppliers to submit bids. The successful bidder will assist the Pensions Committee and Board in effectively questioning and challenging professional advice, ensuring due diligence in their operations.

This tender presents significant opportunities for businesses in the consultancy and professional services sectors, particularly those with expertise in pensions and financial advisory services. Small and medium-sized enterprises (SMEs) are encouraged to compete, as they currently represent a majority of the bidders. The ability to provide comprehensive support and training for pension committees, along with a track record of relevant experience, will be key differentiators for competing firms.

## Notice

The role of the Independent Professional Observer Service (IPO) will be to assist Pensions Committee and Pension Board in questioning and challenging advice, hence providing comfort that advice is proportionate. Please see the Specification document for full details of the requirement.

### Lot Information

Lot 1

The role of the Independent Professional Observer (IPO) will be to assist Pensions Committee and Pension Board in questioning and challenging advice, hence providing comfort that advice is proportionate. This shall include but is not limited to: - Attendance at all meetings of the Pensions Committee and Pensions Audit Sub-Committee in Edinburgh; - Receiving and reviewing all draft papers for the Committees at the same time as the Convenors and provide detailed feedback on the papers (either by call and/or email); - Holding a pre-committee meeting (or 'surgery') for the Committee and Pension Board immediately prior to each quarterly meeting; - Providing assistance to the Committees in questioning and challenging professional advice - Providing ad-hoc consultation with members of the Committee and Board in between meetings to the extent that these are reasonably required by LPF or deemed to be necessary (whether through meetings, conference calls or correspondence, as appropriate); and - Deliver training events for the Committee and Board, involving no more than two half day sessions per year.

Renewal: Initial contract duration of 3 years. Thereafter, subject to satisfactory performance and potential future requirements, the Council may wish to extend delivery of the contract for up to 2 additional periods of 2 years each (a total of up to 4 additional years).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG329568 |
| 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 | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Aug 2018 |
| Submission deadline | 14 Jun 2018 |
| Future notice date | Not specified |
| Award date | 21 Aug 2018 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £154,000 |
| Lots value | £154,000 |
| Awards value | Not specified |
| Contracts value | £154,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE CITY OF EDINBURGH COUNCIL |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH8 8BG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | City Centre |
| Westminster constituency | Edinburgh East and Musselburgh |
| Delivery location | TLM75 City of Edinburgh |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ANDY MCKINNELL |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services

## Release History

- 28 Aug 2018 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG329568
- 24 May 2018 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY319998

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAY319998&idx=1
  24th May 2018 - ESPD
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAY319998&idx=2
  24th May 2018 - Specification
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAY319998&idx=3
  24th May 2018 - Instructions to Tenderers
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAY319998&idx=4
  24th May 2018 - Tenderer Submission Document
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY319998
  Independent Professional Observer Service for the Lothian Pension Fund - The role of the Independent Professional Observer Service (IPO) will be to assist Pensions Committee and Pension Board in questioning and challenging advice, hence providing comfort that advice is proportionate. Please see the Specification document for full details of the requirement.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG329568
  Independent Professional Observer Service for the Lothian Pension Fund - The role of the Independent Professional Observer Service (IPO) will be to assist Pensions Committee and Pension Board in questioning and challenging advice, hence providing comfort that advice is proportionate. Please see the Specification document for full details of the requirement.

## Notice URLs

- http://
- http://www.edinburgh.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000543983
- https://www.publiccontractsscotland.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000543983. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000543983.json.