Section one: Contracting authority
one.1) Name and addresses
LGPS Central Limited
First Floor, i9, Wolverhampton Interchange
Wolverhampton
WV1 1LD
Contact
Tim Metcalfe
Country
United Kingdom
NUTS code
UKG39 - Wolverhampton
Internet address(es)
Main address
https://www.lgpscentral.co.uk/
Buyer's address
https://www.lgpscentral.co.uk/
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Private Markets Fund Administrator and Portfolio Monitoring System
Reference number
SYSTEM00000018
two.1.2) Main CPV code
- 66150000 - Financial markets administration services
two.1.3) Type of contract
Services
two.1.4) Short description
LGPS Central manages on behalf of its Partner Funds a range of investments in Private Equity, Private Debt and Infrastructure. These are all managed in-house via Scottish Limited Partnership ("SLP") structure, whereby LGPSC sources and commits to fund investments on behalf of the investors.LGPS Central wishes to outsource the administration of all these investments and appointment a Fund Administrator. In addition, LGPS Central requires the provision of a Portfolio Monitoring System for these investments.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £9,600,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66150000 - Financial markets administration services
- 48812000 - Financial information systems
two.2.3) Place of performance
NUTS codes
- UKG39 - Wolverhampton
two.2.4) Description of the procurement
LGPS Central manages on behalf of its Partner Funds a range of investments in Private Equity, Private Debt and Infrastructure. These are all managed in-house via Scottish Limited Partnership ("SLP") structure, whereby LGPSC sources and commits to fund investments on behalf of the investors.LGPS Central wishes to outsource the administration of all these investments and appointment a Fund Administrator. In addition, LGPS Central requires the provision of a Portfolio Monitoring System for these investments.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive procedure with negotiation
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: 2022/S 000-022572
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
21 March 2023
five.2.2) Information about tenders
Number of tenders received: 6
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 6
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
State Street Bank and Trust Company
20 Chuchill Place
London
E14 5HJ
Country
United Kingdom
NUTS code
- UKI - London
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £9,600,000
Lowest offer: £3,374,689 / Highest offer: £5,429,800 taken into consideration
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
LGPS Central Limited
Wolverhampton
Country
United Kingdom