Scope
Reference
DN781589
Description
Border to Coast offers investment propositions across Public and Private asset classes that deliver investment opportunities and management to our Partner Funds. As part of our strategic plan, we intend to expand our range of services for our Partner Funds. A key capability is to enable us to support Partner Funds with their SAA and Portfolio Construction decisions. Therefore, we aim to procure an Asset Liability Management (ALM) model to support the efficient implementation of these new capabilities. The ALM model will support evaluation of scheme investment strategy and risk management, strategic investment planning, asset allocation, and scenario analysis. The core functionalities and modules of the ALM are expected to include Economic Scenario Generator and Capital Market Assumptions, capable of accurate representation of Partner Funds underlying asset classes and investment strategies, stochastic ALM projections and stress testing, and comprehensive reporting modules. The ALM model will utilize the current scheme actuaries' liability data as input.
The contract will cover a 6-year period, followed by a review, with the expectation that if satisfied, the contract will be extended for another 3 years (therefore 9 years in total).
Contract 1. Asset Liability Management Model
Supplier
Contract value
- £3,600,000 excluding VAT
- £4,320,000 including VAT
Above the relevant threshold
Award decision date
24 October 2025
Date assessment summaries were sent to tenderers
31 October 2025
Standstill period
- End: 12 November 2025
- 8 working days
Earliest date the contract will be signed
7 December 2025
Contract dates (estimated)
- 8 December 2025 to 7 December 2031
- Possible extension to 7 December 2034
- 9 years
Description of possible extension:
The initial contract length will be 6 years with the option of an additional 3 year extension.
Main procurement category
Goods
CPV classifications
- 48441000 - Financial analysis software package
Contract locations
- UK - United Kingdom
Information about tenders
- 5 tenders received
- 3 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
- 2 suppliers unsuccessful (details included for contracts over £5 million)
Submission
Submission type
Tenders
Procedure
Procedure type
Competitive flexible procedure
Supplier
ORTEC FINANCE LIMITED
- Companies House: 06410807
- Public Procurement Organisation Number: PWGT-3897-HJTG
30 Old Bailey
London
EC4M 7AU
United Kingdom
Email: ben.hudson@ortec-finance.com
Website: https://www.ortecfinance.com/
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. Asset Liability Management Model
Contracting authority
BORDER TO COAST PENSIONS PARTNERSHIP LIMITED
- Companies House: 10795539
- Public Procurement Organisation Number: PZTH-6472-NGDG
5th Floor Toronto Square
Leeds
LS1 2HJ
United Kingdom
Region: UKE42 - Leeds
Organisation type: Public authority - sub-central government