Official UK procurement notice
Appointment of Pension Fund Manager - Dynamic Currency Overlay
Authority: Bedfordshire Pension Fund·Consortium: 2 public authorities
What is being bought
Published requirement descriptionBedfordshire Borough Council, as administering authority to the Bedfordshire Pension Fund, are seeking to appoint an investment manager for a Currency Overlay with a dynamic approach that can help manage the Fund's currency exposures. The currency hedge will be in relation to a notional asset exposure of £2.1bn. The council reserves the right to alter the value and length of the contract.
CPV: Pension fund management services
The lotProcurement structure
single lot · no lot value publishedLot #1AwardedRenewal
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (1)
- Price is not the only award criterion and all criteria are stated only in the procurement documents: 100%
Published award criteria (2)
- Price is not the only award criterion and all criteria are stated only in the procurement documents: 100
- Price: 0
- Suitability
Providers must be registered in terms of the UK Financial Services and Markets Act 2000, or equivalent law of the European Economic Area (EEA) member state to manage the assets of occupational pension funds. Proof of registration must be provided.
- Economic & financial standing
Providers should complete a Single Procurement Document (SPD) and a Request for Proposal (RfP). Please contact Hymans Robertson LLP (dataresponses@hymans.co.u) for copies of both.
Minimum: Providers must be registered in terms of the UK Financial Services and Markets Act 2000, or equivalent law of the European Economic Area (EEA) member state to manage the assets of occupational pension funds. Proof of registration must be provided. - Technical & professional ability
Providers must be registered in terms of the UK Financial Services and Markets Act 2000, or equivalent law of the European Economic Area (EEA) member state to manage the assets of occupational pension funds. Proof of registration must be provided. See III 1.2 above.
- Price carries 100 of 100 points: a 10% discount moves about 10 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 16 Aug 2024, 15:44 BST
- Last source update
- 23 Oct 2024, 10:05 BST
- Award evaluation window
- 16 Sept 2024 – …
- Authority reference
026194-2024- FTS notice number
2024/S 000-034258- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-048bc0Find a Tender
- Review procedure
As per the Public Contracts Regulations 2016.
How it was run
Official notice- Submission deadline
- 16 Sept 2024, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Participation fee
- document
- Bids opened
- 16 Sept 2024, 17:00 BST
hymans.co.uk ↗ or Hymans Robertson LLP, 20 Waterloo Street, Glasgow, G2 6DB, United Kingdom. NUTS code: UKH24. dataresponses@hymans.co.uk, hymans.co.uk ↗
Timeline
16 Sept 2024 → 23 Oct 2024 · 3 dates- Submission deadline16 Sept 2024, 12:00 BST
- Bids opened16 Sept 2024, 17:00 BST
- Notice published23 Oct 2024, 10:05 BST
Notice history
2 events · 2 releases on Find a Tender · since 23 Oct 2024- Status changed to complete23 Oct 2024, 10:05 BST
- Buyer details updated23 Oct 2024, 10:05 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Insight Investment | £7,500,000 † | — | Awarded |
Contracts
Contract 034258-2024-1 · Insight Investment
- Signed
- 22 Oct 2024
- Value
- £7,500,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 6bids | — | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- As per the Public Contracts Regulations 2016Review body
- n/aReview body
Process and specification contact points (1)
- Hymans Robertson LLPProcess contact point
Bidders & participating suppliers
1 commercial party on the notice- Insight InvestmentAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.