Scope
Reference
P00125
Description
LCIV wishes to procure data sets and modelling, scenario and risk analysis tools and related services which will be used to support the delivery of asset class modelling and allocation services to our Partner Funds, including advising on the appropriate risk profile for Partner Funds to take into account their strategic objectives and risk appetites. The data, tools and services must cover the full range of public and private market strategies used by the London Local Authority LGPS.
LCIV is inviting suppliers to bid their respective solutions, including proof-of-concept presentations which will enable bidders to demonstrate (and LCIV to evaluate) detailed functional capabilities of the proposed solutions, and the method of delivery of these solutions to the authority.
We anticipate that the appointed supplier will enter into a single agreement with LCIV for the provision of data and services and that such data and services will be allowed to be passed onto shared with our Partner Funds where they have a contractual agreement with LCIV for such services.
Contract 1
Supplier
Contract value
- £750,000 including VAT
Above the relevant threshold
Award decision date
30 July 2025
Date assessment summaries were sent to tenderers
1 August 2025
Standstill period
- End: 13 August 2025
- 8 working days
Earliest date the contract will be signed
14 August 2025
Contract dates (estimated)
- 1 September 2025 to 31 August 2028
- Possible extension to 31 August 2033
- 8 years
Description of possible extension:
Subject to satisfactory delivery and continuing requirement for services.
Main procurement category
Services
CPV classifications
- 66151000 - Financial market operational services
Contract locations
- UK - United Kingdom
Information about tenders
- 6 tenders received
- 6 tenders assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 5 suppliers unsuccessful (details included for contracts over £5 million)
Submission
Submission type
Tenders
Procedure
Procedure type
Competitive flexible procedure
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
Supported employment provider: No
Public service mutual: No
Contract 1
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