Scope
Reference
P00525
Description
We require additional investment research capabilities to enable us to accelerate workstreams which are critical to the achievement of milestones linked to the U.K. Government's Local Government Pension Scheme Fit for the Future initiative. These workstreams require investment research capacity which is not currently available to us, and which we will only be in a position to secure in phases over the course of the next 12 to 24 months.
Contract 1. Investment Research Augmentation
Supplier
Contract value
- £84,000 including VAT
Above the relevant threshold
Earliest date the contract will be signed
27 May 2025
Contract dates (estimated)
- 4 June 2025 to 3 June 2026
- 1 year
Main procurement category
Services
CPV classifications
- 66000000 - Financial and insurance services
Contract locations
- UK - United Kingdom
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
- Single supplier - technical reasons
- Extreme and unavoidable urgency
A direct award is justified because the supplier's database of investment managers and product is the industry standard for the institutional investment market. Coverage of managers and products is broad and extends across the asset classes, investment managers and products which are relevant to our investors. The supplier's research can be delivered to us using a portal which we already use extensively in our research and reporting processes. This is a highly efficient way for us to increase our capacity to support key workstreams. Implementing the U.K. Government's Local Government Pension Scheme Fit for the Future initiative requires investment research capacity which is not currently available to us, and which we will only be in a position to secure in phases over the course of the next 12 to 24 months.
Supplier
MERCER LIMITED
- Companies House: 00984275
- Public Procurement Organisation Number: PCZX-4442-DMXV
1 Tower Place West
London
EC3R 5BU
United Kingdom
Email: publicsectorwealth@mercer.com
Website: https://www.mercer.com/
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1. Investment Research Augmentation
Contracting authority
LONDON LGPS CIV LIMITED
- Companies House: 09136445
- Public Procurement Organisation Number: PQBW-9692-CYCW
4th Floor, 22 Lavington Street
London
SE1 0NZ
United Kingdom
Email: procurement@londonciv.org.uk
Region: UKI44 - Lewisham and Southwark
Organisation type: Public authority - sub-central government