Official UK procurement notice
Independent Investment Adviser Services
Authority: London Borough of Bromley (Local council)
What is being bought
Published requirement descriptionThe Adviser must produce quarterly analyses and recommendations for the Pensions Committee meetings, attend the Committee meetings in person to brief the Committee on performance. Recommendations will be related to changes in the investment asset allocations and other matters as detailed in the Service Description section below. The adviser will give an opinion on Bromley's investments in equities, bonds, property, and other asset classes at key dates, and support the committee in scrutinising investment managers' performance. Furthermore, the adviser will be expected to maintain and update Bromley's climate change annual report.
CPV: Pension investment services
The lotProcurement structure
single lot · value publishedLot #1AwardedPublished value£210,000
- Economic & financial standing
Please refer to the Invitation to Tender pack for the Conditions of Participation
- Technical & professional ability
Please refer to the Invitation to Tender pack for the Conditions of Participation
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 (2)
- Quality: 40%
- Cost: 60%
Published award criteria (2)
- Cost
- Quality: 1. Firm Overview & LGPS Experience 10% 2. Team Credentials & Specialist Knowledge 10% 3.1. Governance/Client Engagement & Conflicts of Interest (a) 10% 3.2. Governance/Client Engagement & Conflicts of Interest (b) 5% 4. Investment Beliefs & Strategy 15% 5.1. Asset Allocation & Risk Management (a) 9% 5.2. Asset Allocation & Risk Management (b) 6% 6.1. Pooling & Responsible Investment (a) 7% 6.2. Pooling & Responsible Investment (b) 3% 7.1. Performance Measurement & Monitoring (a) 5% 7.2. Performance Measurement & Monitoring (b) 5% 8. Innovation and Value for Money 15%
- Economic & financial standing
Please refer to the Invitation to Tender pack for the Conditions of Participation
- Technical & professional ability
Please refer to the Invitation to Tender pack for the Conditions of Participation
- Price carries 60 of 100 points: a 10% discount moves about 6 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
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 31 Oct 2025, 14:07 GMT
- Last source update
- 9 Jan 2026, 11:23 GMT
- Award evaluation window
- Submission end – 5 Jan 2026
- Authority reference
DN795842- FTS notice number
2025/S 000-070121- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05d819Find a Tender
How it was run
Official notice- Submission deadline
- 1 Dec 2025, 12:00 GMT
- Clarification deadline
- 18 Nov 2025, 12:00 GMT
- Electronic submission
- Allowed
- Accepted languages
- en
Tenders must be submitted through www.londontenders.org ↗
Timeline
31 Oct 2025 → 1 Apr 2026 · 8 dates- Tender notice published361 days ago31 Oct 2025, 14:07 GMT
- Clarification questions by344 days ago18 Nov 2025, 12:00 GMT
- Submission deadline331 days ago1 Dec 2025, 12:00 GMT
- Award decision expected by295 days ago5 Jan 2026, 23:59 GMT
- Assessment summaries sent292 days ago9 Jan 2026
- Latest notice published292 days ago9 Jan 2026, 11:23 GMT
- Standstill ends280 days ago20 Jan 2026, 23:59 GMT
- Contract starts210 days ago1 Apr 2026, 00:00 BST
Notice history
4 events · 2 releases on Find a Tender · since 31 Oct 2025- Tender notice published31 Oct 2025, 14:07 GMTUK4
- Contract award notice published9 Jan 2026, 11:23 GMTUK6
- Status changed to complete9 Jan 2026, 11:23 GMT
- Contract signature expected22 Jan 2026, 23:59 GMTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Apex Investment Advisers Limited1 Apr 2026 – 31 Mar 2032 | £201,000 | 31 Dec 2025standstill to 20 Jan 2026 | Standstill |
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1final-stage tenders | 1 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- APEX INVESTMENT ADVISERS LIMITEDAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedNotices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender