Contract

External Audit Services

  • LONDON LGPS CIV LIMITED

F21: Social and other specific services – public contracts (contract award notice)

Notice identifier: 2024/S 000-031617

Procurement identifier (OCID): ocds-h6vhtk-044e1d

Published 2 October 2024, 8:49pm



Section one: Contracting authority

one.1) Name and addresses

LONDON LGPS CIV LIMITED

4th Floor,Crane Building, 22 Lavington Street

LONDON

SE10NZ

Contact

Ian Inglis

Email

ian.inglis@londonciv.org.uk

Telephone

+44 2080369030

Country

United Kingdom

Region code

UKI44 - Lewisham and Southwark

Companies House

09136445

Internet address(es)

Main address

www.londonciv.org.uk

one.4) Type of the contracting authority

Body governed by public law

one.5) Main activity

Other activity

Pensions


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

External Audit Services

two.1.2) Main CPV code

  • 66131100 - Pension investment services

two.1.3) Type of contract

Services

two.1.4) Short description

London CIV is authorised as an Alternative Investment Fund Manager (AIFM) and had £15.9 billion of assets under management as of 31 December 2023. In support of London CIV's strategic objectives, London CIV is seeking to appoint an independent auditor. The entities included in the tender are London LGPS CIV Ltd, 18 active funds and 2 closed funds structured under an Authorised Contractual Scheme (ACS) and 6 private market funds.

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: £2,000,000

two.2) Description

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom

two.2.4) Description of the procurement

Specific services will include, but will not be limited to:

• Providing annual statutory and fund audits for London CIV as the AIFM and all its funds prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Companies Act 2006, Investment Association SORP or other applicable financial reporting and regulatory framework;

• reporting to management, the Compliance, Audit & Risk (CARCO) Committee and the Board including attendance at meetings as appropriate in accordance with best practice;

• CASS assurance audit - we do not currently hold any client money or assets ,

• Rates clearances on fund audits prior to year-end distribution payment.


Section four. Procedure

four.1) Description

four.1.1) Form of procedure

Open procedure

four.2) Administrative information

four.2.1) Previous publication concerning this procedure

Notice number: 2024/S 000-010242

four.2.9) Information about termination of call for competition in the form of a prior information notice

The contracting authority will not award any further contracts based on the above prior information notice


Section five. Award of contract

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.2) Information about tenders

Number of tenders received: 3

Number of tenders received from SMEs: 0

Number of tenders received by electronic means: 3

five.2.3) Name and address of the contractor

Grant Thornton UK LLP

London

Country

United Kingdom

NUTS code
  • UK - United Kingdom
Companies House

OC307742

five.2.4) Information on value of contract/lot (excluding VAT)

Initial estimated total value of the contract/lot: £2,000,000

Total value of the contract/lot: £2,000,000