Scope
Description
WYPF is moving forward to achieve the HMG requirement to work with other LGPS entities to form a larger pension pool entity that will seek FCA authorisation for its ongoing regulatory oversight. To achieve this, we have identified a number of key changes that are required and one of the these will be addressed by the procurement of an Investment Order Management System. The system we will procure must be able to provide full trade management support, be able to communicate with our existing service providers and have global as well as UK trade support capabilities. To ensure the system is appropriate we will need the chosen system to have a proven historic and ongoing usage providing trade support to at least three FCA regulated Asset Management companies with assets under management exceeding £10Billion.
Contract 1. WYPF Investment Order Management System
Supplier
Contract value
- £290,000 excluding VAT
- £348,000 including VAT
Above the relevant threshold
Award decision date
29 October 2025
Date assessment summaries were sent to tenderers
30 October 2025
Standstill period
- End: 10 November 2025
- 8 working days
Earliest date the contract will be signed
11 November 2025
Contract dates (estimated)
- 1 December 2025 to 30 November 2028
- Possible extension to 30 November 2030
- 5 years
Description of possible extension:
Contract is for an initial term of 3 -years with an option to extend by 1 + 1 (12 months each) renewable as required, subject to performance.
Main procurement category
Services
CPV classifications
- 48411000 - Investment management software package
- 48442000 - Financial systems software package
- 72211000 - Programming services of systems and user software
Contract locations
- UK - United Kingdom
Information about tenders
- 8 tenders received
- 4 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
- 3 suppliers unsuccessful (details included for contracts over £5 million)
Submission
Submission type
Tenders
Procedure
Procedure type
Competitive flexible procedure
Supplier
BLOOMBERG FINANCE L.P.
- Public Procurement Organisation Number: PHRT-2555-DXMY
731 Lexington Avenue
New York
10022
United States
Email: mellings@bloomberg.net
Website: https://www.bloomberg.com/uk
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. WYPF Investment Order Management System
Contracting authority
City of Bradford Metropolitan District Council
- Public Procurement Organisation Number: PBWW-4714-TBHN
City Hall, Centenary Square
Bradford
BD1 1HX
United Kingdom
Email: Tendering@bradford.gov.uk
Region: UKE41 - Bradford
Organisation type: Public authority - sub-central government