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
Telephone
+44 2080369030
Country
United Kingdom
Region code
UKI44 - Lewisham and Southwark
Companies House
09136445
Internet address(es)
Main address
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