Section one: Contracting authority
one.1) Name and addresses
Norfolk County Council
Norwich
Country
United Kingdom
NUTS code
UK - United Kingdom
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)
5 St Andrew's Hill
Norwich
Country
United Kingdom
NUTS code
UKH15 - Norwich and East Norfolk
Internet address(es)
Main address
http://www.norfolkpensionfund.org
one.2) Information about joint procurement
The contract involves joint procurement
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
- 66522000 - Group pension 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 Find a Tender notice 2021/S 000-000612 published on the 12 January 2021 have let a multi-provider framework agreement for the provision of Actuarial Services, Governance and Administration Support and Consultancy Services.
two.1.6) Information about lots
This contract is divided into lots: Yes
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £350,000,000
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
We have established a multi-provider framework agreement for the provision of Actuarial Services, Governance and Administration Support and Consultancy Services to be available to all LGPS Funds, Investment Pools and other bodies as defined in the Contract Notice, to provide national access to high quality efficient and effective services at the best possible price.
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 80
Price - Weighting: 20
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
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 adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 80
Price - Weighting: 20
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
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 adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 80
Price - Weighting: 20
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
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 difficultiesAdvice 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
Quality criterion - Name: Quality / Weighting: 80
Price - Weighting: 20
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
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 managementProject managementRegulatory and best practice compliance reviews (including, but not limited to, compliance with MHCLG and The Pensions Regulator requirements)Data Quality, Validation Audits and improvement supportSupport for bulk exercises e.g. trivial commutation data cleansing, frozen refund tracingAVC Reviews and AdviceEmployer covenant analysis and funding policy implications where appropriatePensions taxation advice, including support on annual and lifetime allowance calculationsReviews and guidance on structures and their effectiveness
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 80
Price - Weighting: 20
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
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: 2021/S 000-000612
Section five. Award of contract
Lot No
1
Title
Actuarial services
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 May 2021
five.2.2) Information about tenders
Number of tenders received: 4
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: 4
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Aon Solutions UK Ltd
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
The contractor is an SME
No
five.2.3) Name and address of the contractor
Barnet Waddingham LLP
Birmingham
Country
United Kingdom
NUTS code
- UKG31 - Birmingham
The contractor is an SME
No
five.2.3) Name and address of the contractor
Hymans Robertson LLP
Glasgow
Country
United Kingdom
NUTS code
- UKM82 - Glasgow City
The contractor is an SME
No
five.2.3) Name and address of the contractor
Mercer Ltd
Liverpool
Country
United Kingdom
NUTS code
- UKD72 - Liverpool
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: £350,000,000
Total value of the contract/lot: £350,000,000
Section five. Award of contract
Lot No
2
Title
Benefits Consultancy
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 May 2021
five.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 5
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Aon Solutions UK Ltd
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
The contractor is an SME
No
five.2.3) Name and address of the contractor
Barnett Waddingham LLP
Birmingham
Country
United Kingdom
NUTS code
- UKG31 - Birmingham
The contractor is an SME
No
five.2.3) Name and address of the contractor
Hymans Robertson LLP
Glasgow
Country
United Kingdom
NUTS code
- UKM82 - Glasgow City
The contractor is an SME
No
five.2.3) Name and address of the contractor
Mercer
Liverpool
Country
United Kingdom
NUTS code
- UKD72 - Liverpool
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: £350,000,000
Total value of the contract/lot: £350,000,000
Section five. Award of contract
Lot No
3
Title
Governance Consultancy
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 May 2021
five.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 5
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Aon Solutions UK Ltd
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
The contractor is an SME
No
five.2.3) Name and address of the contractor
Barnett Waddingham LLP
Birmingham
Country
United Kingdom
NUTS code
- UKG31 - Birmingham
The contractor is an SME
No
five.2.3) Name and address of the contractor
Hymans Robertson LLP
Glasgow
Country
United Kingdom
NUTS code
- UKM82 - Glasgow City
The contractor is an SME
No
five.2.3) Name and address of the contractor
Mercer Ltd
Liverpool
Country
United Kingdom
NUTS code
- UKD72 - Liverpool
The contractor is an SME
No
five.2.3) Name and address of the contractor
Muse Advisory Ltd
Hemel Hempstead
Country
United Kingdom
NUTS code
- UKH2 - Bedfordshire and Hertfordshire
The contractor is an SME
Yes
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £350,000,000
Total value of the contract/lot: £350,000,000
Section five. Award of contract
Lot No
4
Title
Funding Risk Advisory Services
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 May 2021
five.2.2) Information about tenders
Number of tenders received: 8
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: 8
Number of tenders received by electronic means: 8
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Aon Solutions UK Ltd
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
The contractor is an SME
No
five.2.3) Name and address of the contractor
Barnett Waddingham LLP
Birmingham
Country
United Kingdom
NUTS code
- UKG31 - Birmingham
The contractor is an SME
No
five.2.3) Name and address of the contractor
BDO LLP
Glasgow
Country
United Kingdom
NUTS code
- UKM82 - Glasgow City
The contractor is an SME
No
five.2.3) Name and address of the contractor
Hymans Robertson LLP
Glasgow
Country
United Kingdom
NUTS code
- UKM82 - Glasgow City
The contractor is an SME
No
five.2.3) Name and address of the contractor
Mercer Ltd
Liverpool
Country
United Kingdom
NUTS code
- UKD72 - Liverpool
The contractor is an SME
No
five.2.3) Name and address of the contractor
PricewaterhouseCoopers
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
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: £350,000,000
Total value of the contract/lot: £35,000,000
Section five. Award of contract
Lot No
5
Title
Consultancy Services to Support Specialist Projects
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 May 2021
five.2.2) Information about tenders
Number of tenders received: 13
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 13
Number of tenders received by electronic means: 13
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Aon Solutions UK Ltd
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
The contractor is an SME
No
five.2.3) Name and address of the contractor
Barnett Waddingham LLP
Birmingham
Country
United Kingdom
NUTS code
- UKG31 - Birmingham
The contractor is an SME
No
five.2.3) Name and address of the contractor
Deloitte LLP
Belfast
Country
United Kingdom
NUTS code
- UKN06 - Belfast
The contractor is an SME
No
five.2.3) Name and address of the contractor
Paymaster (1836) Ltd t/a Equiniti
Crawley
Country
United Kingdom
NUTS code
- UKJ2 - Surrey, East and West Sussex
The contractor is an SME
No
five.2.3) Name and address of the contractor
Government Actuary’s Department
London
Country
United Kingdom
NUTS code
- UKI - London
The contractor is an SME
No
five.2.3) Name and address of the contractor
Hymans Robertson LLP
Glasgow
Country
United Kingdom
NUTS code
- UKM82 - Glasgow City
The contractor is an SME
No
five.2.3) Name and address of the contractor
Mercer Ltd
Liverpool
Country
United Kingdom
NUTS code
- UKD72 - Liverpool
The contractor is an SME
No
five.2.3) Name and address of the contractor
PricewaterhouseCoopers LLP
Bristol
Country
United Kingdom
NUTS code
- UKK1 - Gloucestershire, Wiltshire and Bristol/Bath area
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: £350,000,000
Total value of the contract/lot: £350,000,000
Section six. Complementary information
six.3) Additional information
Please note the Value of the Framework Agreement of £350,000,000 is an estimate as there is no guarantee of business.
six.4) Procedures for review
six.4.1) Review body
nplaw
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 harmedor 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 may be brought, in which case the Court may extend that period up to a maximum of 3 months from the date of knowledge.