- 1. Norfolk County Council
- 2. Norfolk County Council(as administering authority for Norfolk Pension Fund)
- 3. Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund)
- 4. Environment Agency (as Administering Authority of the Environment Agency Pension fund)
- 5. Essex County Council (as Administering Authority of the Essex Pension Fund)
- 6. Flintshire County Council (as Administering Authority of the Clwyd Pension Fund)
- 7. Hampshire County Council (as Administering Authority of the Hampshire Pension Fund)
- 8. Lincolnshire County Council (as Administering Authority of the Lincolnshire County Council Pension Fund)
- 9. (The Mayor and Burgesses of the) London Borough of Hackney
- 10. Middlesbrough Council (as Administering Authority for Teesside Pension Fund)
- 11. South Yorkshire Pensions Authority
- 12. Surrey County Council (as Administering Authority of the Surrey Pension Fund)
- 13. Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)
- 14. Suffolk County Council (As Administering Authority of the Suffolk Pension Fund)
Section one: Contracting authority
one.1) Name and addresses
Norfolk County Council
Martineau Lane
NORWICH
NR1 2DH
Contact
Julie Ward
Telephone
+44 1603224320
Country
United Kingdom
NUTS code
UKH15 - Norwich and East Norfolk
Internet address(es)
Main address
Buyer's address
https://in-tendhost.co.uk/norfolkcc/aspx/Home
one.1) Name and addresses
Norfolk County Council(as administering authority for Norfolk Pension Fund)
Norwich
Country
United Kingdom
NUTS code
UKH15 - Norwich and East Norfolk
Internet address(es)
Main address
one.1) Name and addresses
Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund)
Wolverhampton
pensionfundenquiries@wolverhampton.gov.uk
Country
United Kingdom
NUTS code
UKG39 - Wolverhampton
Internet address(es)
Main address
www.wmpfonline.com/pensionsportal
one.1) Name and addresses
Environment Agency (as Administering Authority of the Environment Agency Pension fund)
Bristol
Country
United Kingdom
NUTS code
UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
Internet address(es)
Main address
one.1) Name and addresses
Essex County Council (as Administering Authority of the Essex Pension Fund)
Chelmsford
Country
United Kingdom
NUTS code
UKH3 - Essex
Internet address(es)
Main address
www.essexpensionfund.co.uk/essex-pension-fund
one.1) Name and addresses
Flintshire County Council (as Administering Authority of the Clwyd Pension Fund)
Mold
Country
United Kingdom
NUTS code
UKL2 - East Wales
Internet address(es)
Main address
one.1) Name and addresses
Hampshire County Council (as Administering Authority of the Hampshire Pension Fund)
Winchester
Country
United Kingdom
NUTS code
UKJ3 - Hampshire and Isle of Wight
Internet address(es)
Main address
one.1) Name and addresses
Lincolnshire County Council (as Administering Authority of the Lincolnshire County Council Pension Fund)
Lincoln
customer_services@lincolnshire.gov.uk
Country
United Kingdom
NUTS code
UKF3 - Lincolnshire
Internet address(es)
Main address
one.1) Name and addresses
(The Mayor and Burgesses of the) London Borough of Hackney
London
Country
United Kingdom
NUTS code
UKI41 - Hackney and Newham
Internet address(es)
Main address
one.1) Name and addresses
Middlesbrough Council (as Administering Authority for Teesside Pension Fund)
Middlesbrough
Country
United Kingdom
NUTS code
UKE2 - North Yorkshire
Internet address(es)
Main address
one.1) Name and addresses
South Yorkshire Pensions Authority
Barnsley
Country
United Kingdom
NUTS code
UKH15 - Norwich and East Norfolk
Internet address(es)
Main address
one.1) Name and addresses
Surrey County Council (as Administering Authority of the Surrey Pension Fund)
Kingston Upon Thames
myhelpdeskpensions@surreycc.gov.uk
Country
United Kingdom
NUTS code
UKI63 - Merton, Kingston upon Thames and Sutton
Internet address(es)
Main address
one.1) Name and addresses
Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)
Droylsden
Country
United Kingdom
NUTS code
UKD3 - Greater Manchester
Internet address(es)
Main address
one.1) Name and addresses
Suffolk County Council (As Administering Authority of the Suffolk Pension Fund)
Ipswich
Country
United Kingdom
NUTS code
UKH14 - Suffolk
Internet address(es)
Main address
https://www.suffolkpensionfund.org
one.2) Information about joint procurement
The contract involves joint procurement
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://in-tendhost.co.uk/norfolkcc/aspx/Home
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Multi-Provider Framework Agreement for the Provision of Actuarial, Benefits and Governance Consultancy
Reference number
NCCT41941
two.1.2) Main CPV code
- 66519600 - Actuarial services
two.1.3) Type of contract
Services
two.1.4) Short description
Norfolk County Council (as administering authority of the Norfolk Pension Fund) on its own behalf and on behalf of the authorities listed in this notice wish to let a multi-provider framework agreement for the provision of Actuarial Services, Governance and Administration Support and Consultancy Services.
two.1.5) Estimated total value
Value excluding VAT: £350,000,000
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
two.2) Description
two.2.1) Title
Actuarial Services
Lot No
1
two.2.2) Additional CPV code(s)
- 66519600 - Actuarial services
two.2.3) Place of performance
NUTS codes
- UK - UNITED KINGDOM
two.2.4) Description of the procurement
Actuarial services including but not limited to:
Actuarial calculations and modelling
Providing information and advice
Working with stakeholders
Reviewing processes, structures and policies
Supporting projects and provision of services
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.14) Additional information
Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond 30 June 2035 and must be awarded during the term of the Framework.
Please note that there is no guarantee of work.
two.2) Description
two.2.1) Title
Benefits Consultancy
Lot No
2
two.2.2) Additional CPV code(s)
- 66523000 - Pension fund consultancy services
two.2.3) Place of performance
NUTS codes
- UK - UNITED KINGDOM
two.2.4) Description of the procurement
Benefits Consultancy Services including but not limited to:
Providing information and advice
Working with stakeholders
Reviewing processes, structures and policies
Supporting projects and provision of services
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.14) Additional information
Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond 30 June 2035 and must be awarded during the term of the Framework.
Please note that there is no guarantee of work.
two.2) Description
two.2.1) Title
Governance Consultancy
Lot No
3
two.2.2) Additional CPV code(s)
- 66523000 - Pension fund consultancy services
two.2.3) Place of performance
NUTS codes
- UK - UNITED KINGDOM
two.2.4) Description of the procurement
Governance Consultancy Services including but not limited to:
Providing information and advice
Working with stakeholders
Reviewing processes, structures and policies
Supporting projects and provision of services
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.14) Additional information
Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond 30 June 2035 and must be awarded during the term of the Framework.
Please note that there is no guarantee of work.
two.2) Description
two.2.1) Title
Funding Risk Advisory Services
Lot No
4
two.2.2) Additional CPV code(s)
- 66523000 - Pension fund consultancy services
two.2.3) Place of performance
NUTS codes
- UK - UNITED KINGDOM
two.2.4) Description of the procurement
Funding Risk Advisory Services including but not limited to:
Advice on the integration of investment and funding strategy (along with covenant if applicable) e.g. funding level, by employer type, cashflow profile etc. Asset/Liability modelling to support any recommendations, with potential changes to strategy and rationale.
Advice, detailed covenant analysis and general support in assessing covenant risk and proactive engagement with employers in financial difficulties
Advice on risk budgets (in terms of ultimate objectives e.g. contributions tolerance) and flexing these as funding levels evolve.
Development of monitoring metrics and tools to track progress and keep stakeholders informed of progress against strategic objectives (mindful of risk parameters).
Provision and/or interpretation of scenario-based analysis aligned to possible risks and their outcomes.
Development of tools/frameworks to facilitate discussion with stakeholders on strategy change e.g. employer paths from entry to exit.
Advice and support on policy development and principles for use of ancillary risk management tools.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.14) Additional information
Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond 30 June 2035 and must be awarded during the term of the Framework.
Please note that there is no guarantee of work.
two.2) Description
two.2.1) Title
Consultancy Services to Support Specialist Projects
Lot No
5
two.2.2) Additional CPV code(s)
- 66523000 - Pension fund consultancy services
two.2.3) Place of performance
NUTS codes
- UK - UNITED KINGDOM
two.2.4) Description of the procurement
Discrete pieces of specialist, pensions-related work including, but not limited to:
LGPS asset management restructuring ("asset pooling")
Change management
Project management
Regulatory and best practice compliance reviews (including, but not limited to, compliance with MHCLG and The Pensions Regulator requirements)
Data Quality, Validation Audits and improvement support
Support for bulk exercises e.g. trivial commutation data cleansing, frozen refund tracing
AVC Reviews and Advice
Employer covenant analysis and funding policy implications where appropriate
Pensions taxation advice, including support on annual and lifetime allowance calculations
Reviews and guidance on structures and their effectiveness
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.14) Additional information
Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond 30 June 2035 and must be awarded during the term of the Framework.
Please note that there is no guarantee of work.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2020/S 017-036611
four.2.2) Time limit for receipt of tenders or requests to participate
Date
22 February 2021
Local time
10:00am
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
22 February 2021
Local time
10:05am
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.3) Additional information
This procurement will be managed electronically via the Council's eProcurement system. To participate in this procurement, applicants must first be registered on the system at https://in-tendhost.co.uk/norfolkcc Full instructions for registration and use of the system can be found at https://in-tendhost.co.uk/norfolkcc/aspx/BuyerProfiles. Once registered you will be able to see the procurement project under the 'tenders' section and 'express an interest' to view the documentation. If you encounter any difficulties whilst using the system you can contact the InTend support team by phoning +44 8442728810 or emailing mail to: support@in-tend.co.uk?subject=TED (if you at already registered there is no need to re-register). The framework agreement is being let by Norfolk County Council as the contracting authority and can be used by:
• Norfolk County Council and its agents
• Any successor body to the Council including any company formed by the Council to carry out its Norfolk Pension Fund functions
• Any organisation the Council outsources its Norfolk Pension Fund requirements to
• Any public body with which the Council enters into pooling arrangements for the provision of its Norfolk Pension Fund services.
Norfolk County Council is working jointly with the following authorities, who have expressed an intention to procure services under the framework (including itself):
• Norfolk County Council (as Administering Authority of Norfolk Pension Fund).
• Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund)
• Environment Agency (as Administering Authority of the Environment Agency Pension fund)
• Essex County Council (as Administering Authority of the Essex Pension Fund)
• Flintshire County Council (as Administering Authority of the Clwyd Pension Fund)
• Hampshire County Council (as Administering Authority of the Hampshire Pension Fund)
• Lincolnshire County Council (as Administering Authority of the Lincolnshire County Council Pension Fund)
• (The Mayor and Burgesses of the) London Borough of Hackney
• Middlesbrough Council (as Administering Authority for Teesside Pension Fund)
• South Yorkshire Pensions Authority
• Suffolk County Council (As Administering Authority of the Suffolk Pension Fund)
• Surrey County Council (as Administering Authority of the Surrey Pension Fund)
• Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)
In addition to those listed above, the framework may also be used by:
• any LGPS administering authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the Firefighters' Pension Scheme and Police Pension Schemes and any of their participating employing authorities, or in relation to the LGPS in Scotland, any administering authority and any of their Scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended) ;
• (NILGOSC in Northern Ireland and employing authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 (SRNI 2014/188) (as amended)
• the Board of the Pension Protection Fund; (www.ppf.co.uk)
• Local Government Association
• any other administering authority or organisation of a public sector pension scheme or any public sector body or that requires pension related services;
• any common asset pool or collective investment vehicle established by or on behalf of an administering authority or group of administering authorities; or
• any bodies, organisations or companies established by them for the purpose of operating on a collective basis.
six.4) Procedures for review
six.4.1) Review body
Norfolk County Council
Norwich
Country
United Kingdom
six.4.3) Review procedure
Precise information on deadline(s) for review procedures
The Public Contracts Regulations 2015 (as amended) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland). Proceedings must be brought within 30 days from the date of knowledge (the date on which the economic operator first knew or ought to have known that grounds for starting the proceedings had arisen)unless the Court considers that there is good reason for extending the period within which proceedings maybe brought, in which case the Court may extend that period up to a maximum of 3 months from the date of knowledge.