Contract Award for the provision of Pension Fund Investment Management Consultancy Services

Official notice

Authority: The Royal Borough of Kensington & Chelsea (Local council)

ServicesAward procedure without prior publication of a call for competitionSME suitable

Sectors: Financial and insurance services (66) Delivery: UK

Awarded value£500,000published contract · exc. VAT

Awarded 31 Aug 2023no call for competition

Awarded to Mercer

What is being bought

Published requirement description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded a consultancy services contract to Mercer Ltd. The contract is for the provision of pension fund investment management consultancy and was procured using the National LGPS Frameworks under the Investment Management Consultancy Services Framework Agreement (NCCT42289) Lot 1-Investment Consultancy Services via a further competition.

The contract was established for an initial duration of 3 years from 1 September 2023, with the option to extend for 2 years at the RBKC’s discretion.

CPV: Pension fund consultancy services · Pension investment services

The lotProcurement structure

single lot · no lot value published

Lot #1The Investment Consultant is contracted to provide a wide range of advisory services…Awarded

The Investment Consultant is contracted to provide a wide range of advisory services in relation to investment management support and work with the fund’s actuary on an on-going basis in respect of the integrated management of fund assets and liabilities.

Delivery: UK · London

66131100 Pension investment services 66523000 Pension fund consultancy services

Procedure terms & legal framework

From the official record

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 6 Sept 2023, 16:28 BST
Last source update: 6 Sept 2023, 16:28 BST
FTS notice number: 2023/S 000-026385
Classification (CPV): Pension fund consultancy servicesPension investment services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-03fa95 Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: Framework call-off contract.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £500,0001 contract exc. VAT

Bids received 41 from SMEs

Contracts signed 1latest 31 Aug 2023

Awarded to	Value	Date	Status
Mercer	£500,000 †	—	Awarded

Contracts

Contract Award for the provision of Pension Fund Investment Management Consultancy Services · Mercer
Signed
31 Aug 2023
Value
£500,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
4bids · 4 electronic · 2 from abroad	1	—	—

Contracting authority & participating public bodies

The Royal Borough of Kensington and Chelsea

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Town Hall, 8 Hornton Street, London, UK, W8 7NXContact email

Dispute resolution & review bodies

Public Procurement Review ServiceReview body London

Bidders & participating suppliers

1 commercial party on the notice

Mercer LimitedAwarded supplier 1 Tower Place Lower Thames Street, London, UK, EC3R 5BU

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.