Contract award: UK-London: pension fund administration services

UK-London: pension fund administration services

2010/S 146-225112

CONTRACT AWARD NOTICE

Services

SECTION I: CONTRACTING AUTHORITY

• I.1)
  NAME, ADDRESSES AND CONTACT POINT(S)

  Contact: Attn: Tel. E-mail: Islington Council
  Ground Floor, 7 Newington Barrow Way
  Mrs Sara Montague
  Mrs Sara Montague
  N7 7EPLondon
  UNITED KINGDOM
  +44 2075273150
  sara.montague@islington.gov.uk

  Internet address(es)

  General address of the contracting authority https://www.islington.gov.uk

  Address of the buyer profile https://www.londontenders.org/procontract/supplier.nsf/frm_home?openForm

• I.2)
  TYPE OF THE CONTRACTING AUTHORITY AND MAIN ACTIVITY OR ACTIVITIES

  National or federal agency/office

  General public services

  The contracting authority is purchasing on behalf of other contracting authorities No

SECTION II: OBJECT OF THE CONTRACT

• II.1)
  DESCRIPTION
• II.1.1)
  Title attributed to the contract

  Contract number 09/029 - Islington Council Pension Fund Global and Property Mandate.

• II.1.2)
  Type of contract and location of works, place of delivery or of performance

  Services

  Main place of performance Islinton - London.

II.1.3)
The notice involves

• II.1.4)
  Short description of the contract or purchase(s)

  Contract for a manager or managers capable of managing the following mandates:

  (Asset Class Global Property and UK Property – Active - approximate fund value up to 50 000 000 GBP). (Asset Class: UK Property – Active - approximate fund value up to 50 000 000 GBP).

• II.1.5)
  Common procurement vocabulary (CPV)

  66523100

• II.1.6)
  Contract covered by the Government Procurement Agreement (GPA)

  No

• II.2)
  TOTAL FINAL VALUE OF CONTRACT(S)
• II.2.1)
  Total final value of contract(s)

  Value 70 000 000 GBP

  Excluding VAT

SECTION IV: PROCEDURE

• IV.1)
  TYPE OF PROCEDURE
• IV.1.1)
  Type of procedure

  Accelerated restricted

• IV.2)
  AWARD CRITERIA
• IV.2.1)
  Award criteria

  The most economically advantageous tender in terms of

  1. Fees Proposed. Weighting 5 %

  2. Investment philosophy, style and process. In particular, how ideas are generated for inclusion in the portfolio. Weighting 30 %

  3. Portfolio construction including implementation of buy/sell decisions, risk controls and compliance monitoring. Weighting 20 %

  4. Relative performance taking account of the measures proposed by the Tenderer for this mandate to achieve performance consistent with or better than past performance. Weighting 20 %

  5. The nature of the terms and conditions proposed by the Tenderer. Weighting 5 %

  6. Quality and depth of resources applied to this product. Management of portfolios, including assets under management for this product. Quality of the team put forward for the mandate. Weighting 15 %

  7. Corporate structure, ownership of organisation. Weighting 5 %

• IV.2.2)
  An electronic auction has been used

  No

• IV.3)
  ADMINISTRATIVE INFORMATION
• IV.3.1)
  File reference number attributed by the contracting authority

  09/029

• IV.3.2)
  Previous publication(s) concerning the same contract

  No

SECTION V: AWARD OF CONTRACT

CONTRACT NO: 09/029

TITLE Islington Council Pension Fund UK Property.

V.1)
Date of contract award decision:

• V.2)
  NUMBER OF OFFERS RECEIVED:

  25

• V.3)
  NAME AND ADDRESS OF ECONOMIC OPERATOR IN FAVOUR OF WHOM A CONTRACT AWARD DECISION HAS BEEN TAKEN

  Threadneedle Asset Management Holdings Limited
  60 St Mary Axe
  EC3A 8JQLondon
  UNITED KINGDOM

• V.4)
  INFORMATION ON VALUE OF CONTRACT

  Initial estimated total value of the contract

  Value 45 000 000 GBP

  Excluding VAT

V.5)
THE CONTRACT IS LIKELY TO BE SUB-CONTRACTED

CONTRACT NO: 09/029

TITLE Islington Council Pension Fund Global Property.

V.1)
Date of contract award decision:

• V.2)
  NUMBER OF OFFERS RECEIVED:

  25

• V.3)
  NAME AND ADDRESS OF ECONOMIC OPERATOR IN FAVOUR OF WHOM A CONTRACT AWARD DECISION HAS BEEN TAKEN

  Franklin Templeton Institutional, LLC
  Franklin Templeton Investments, The Adelphi, 1 - 11 John Adam Street
  WC2N 6HTLondon
  UNITED KINGDOM

• V.4)
  INFORMATION ON VALUE OF CONTRACT

  Initial estimated total value of the contract

  Value 25 000 000 GBP

  Excluding VAT

V.5)
THE CONTRACT IS LIKELY TO BE SUB-CONTRACTED

SECTION VI: COMPLEMENTARY INFORMATION

• VI.1)
  CONTRACT RELATED TO A PROJECT AND/OR PROGRAMME FINANCED BY COMMUNITY FUNDS

  No

• VI.2)
  ADDITIONAL INFORMATION

  — We reserve the right to offer this framework agreement to other public sector and/or voluntary organisations.

• VI.3)
  PROCEDURES FOR APPEAL

VI.3.1)
Body responsible for appeal procedures

VI.3.2)
Lodging of appeals

• VI.3.3)
  Service from which information about the lodging of appeals may be obtained

  Tel. Islington Council Strategic Procurement Team
  Postal Address: Ground Floor, 7 Newington Barrow Way
  N7 7EPLondon
  UNITED KINGDOM
  +44 2075273150

• VI.4)
  DATE OF DISPATCH OF THIS NOTICE:

  27.7.2010