TenderlineUK
Procurement Intelligence
Search
Find a TenderAwarded
Published 29 Jun 2021, 11:25 BST

Official UK procurement notice

Multi Provider Framework Agreement for the Provision of Stewardship Services Primarily in Support of the Local Government Pension Scheme (LGPS)

Official notice

Authority: Norfolk County Council (Local council)·Consortium: 11 public authorities

Framework agreement4 lotsServicesOpen procedureMax 4 lots per supplier
Sectors: Financial and insurance services (66) Delivery: UK
Framework ceiling (notional)Value not publishedframework ceiling, not attributable revenue
Submissions closed 31 Jan 2022awarded 28 Mar 2022
Lots 4max 4 won per supplier

What is being bought4 lots · detail below

Published requirement description

Norfolk County Council (as Administering Authority for Norfolk Pension Fund), on its own behalf and on behalf of City of Bradford Metropolitan District Council (as Administering Authority of the West Yorkshire Pension Fund), East Sussex County Council (as Administering Authority of East Sussex Pension Fund), South Yorkshire Pensions Authority, Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund), Wirral Council (as Administering Authority of the Merseyside Pension Fund), West Sussex County Council (as Administering Authority of West Sussex Pension Fund) and Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund) have let a multi-provider framework agreement for the provision of Stewardship Advisory Services primarily in support of the Local Government Pension Scheme (LGPS).

CPV: Pension fund management services · Pension services

How this framework works

From the published notice
Bids received
7 bids on the busiest of 4 lots · 13 suppliers appointed

Lots and requirements (4)Procurement structure

4 lots · no lot values published · win at most 4 of them · same evaluation weights on every lot
Lot #1Voting ServicesAwarded

Voting services including but not limited to:

Coverage and Policy

  • Ability to provide global voting coverage
  • Formalisation of a voting policy informed by client beliefs leading to an agreed voting template. Assisting in the formulation of agreed voting templates in line with client requirements
  • Providing support on voting and voting related engagement issues
  • Benchmarking fund manager voting intentions relative to the client's voting policy
  • Supporting clients with stewardship-related compliance e.g. UNPRI, UK Stewardship Code etc.

Execution

  • Delivery of voting execution and voting related engagement in line with client policies
  • Advising on best practice in voting policy and execution
  • Ability to align voting with engagement activities
  • Ability to allow individual funds to vote differently to Pool

Reporting

  • Identifying evolving voting themes which may impact upon client policies and reputation
  • Key analysis and reporting of trends in voting behaviour and activity and post-vote reporting
  • Supporting clients with internal and external communication with regards to stewardship policies
  • Ability to meet bespoke reporting requirements
Delivery: UK
Variant bids: not allowed
66141000 Pension fund management services
Lot #2Engagement ServicesAwarded

Engagement Services including but not limited to:

Coverage and Policy

  • Assisting the client to engage with investee entities across the portfolio as defined by the client
  • Identifying and prioritising fund engagement activities by issue and company
  • Identifying key engagement risks within client portfolios
  • Identifying the optimal engagement strategy in line with the client's investment portfolio
  • Identifying opportunities for clients to collaborate to secure more cost-efficient and effective engagement outcomes
  • Analysing the effectiveness of active ownership policies
  • Ability to provide a service tailored to different geographies and the ability to engage with companies worldwide decided on by ESG criteria
  • Identifying industry developments which may impact upon client policies and reputation

Execution

  • Undertaking engagement activity on behalf of clients
  • Supporting the integration of engagement best practice into investment processes and decision-making
  • Supporting the client in their engagement with policymakers and regulators with regard to active ownership
  • Co-ordination of Collaborative initiative and Shareholder resolutions
  • Ability to align engagement activities with voting
  • Supporting the Scheme with defining objectives of engagements at manager or issuer level, and what plans there are for escalation should these fail

Reporting

  • Provision of regular monitoring reports and analysis of engagement activities undertaken
  • Analysing the effectiveness of engagement activity
  • Supporting clients with stewardship-related compliance e.g. UNPRI, UK Stewardship Code etc.
  • Supporting clients with internal and external communication with regards to engagement policies
  • Ability to meet bespoke reporting requirements

Training

  • Provision of ongoing training for clients in relation to engagement
Delivery: UK
Variant bids: not allowed
66141000 Pension fund management services
Lot #3Voting and Engagement ServicesAwarded

Voting and Engagement services including, but not limited to:

  • Ability to provide full global voting coverage
  • Formalisation of a voting policy informed by client beliefs leading to an agreed voting template. Assisting in the formulation of agreed voting templates in line with client requirements
  • Delivery of voting execution and voting related engagement in line with client policies
  • Providing support on voting and voting related engagement issues
  • Identifying evolving voting themes which may impact upon client policies and reputation
  • Advising on best practice in voting policy and execution
  • Key analysis and reporting of trends in voting behaviour and activity and post-vote reporting
  • Benchmarking fund manager voting intentions relative to the client's voting policy
  • Supporting clients with stewardship-related compliance e.g. UNPRI, UK Stewardship Code etc.
  • Supporting clients with internal and external communication with regards to stewardship policies
  • Ability to meet bespoke reporting requirements
  • Ability to align voting and engagement activities
  • Ability to allow individual funds to vote differently to Pool
  • Assisting the client to engage with investee entities across the portfolio as defined by the client
  • Identifying and prioritising fund engagement activities by issue and company
  • Identifying key engagement risks within client portfolios
  • Identifying the optimal engagement strategy in line with the client's investment portfolio
  • Identifying opportunities for clients to collaborate to secure more cost-efficient and effective engagement outcomes
  • Undertaking engagement activity on behalf of clients.
  • Supporting the integration of engagement best practice into investment processes and decision-making
  • Supporting the client in their engagement with policymakers and regulators with regard to active ownership
  • Provision of ongoing training for clients in relation to engagement
  • Provision of regular monitoring reports and analysis of engagement activities undertaken
  • Analysing the effectiveness of engagement activity
  • Identifying key stewardship risks within client portfolios
  • Analysing the effectiveness of active ownership policies
  • Co-ordination of Collaborative initiative and Shareholder resolutions
  • Ability to provide a service tailored to different geographies and the ability to engage with companies worldwide decided on by ESG criteria
  • Identifying industry developments which may impact upon client policies and reputation
  • Supporting the Scheme with defining objectives of engagements at manager or at issuer level, and what plans there are for escalation should these fail.
Delivery: UK
Variant bids: not allowed
66141000 Pension fund management services
Lot #4Stewardship Reporting and ProjectsAwarded

Discrete pieces of specialist, stewardship-related project work including, but not limited to:

  • Advice on preparing stewardship due diligence tools for specific asset classes e.g. real estate, forestry etc.
  • Advice on contentious issues related to Responsible Investment
  • Reviewing and helping develop stewardship policies and partnerships
  • Integrating responsible investment policies into investment decision-making
  • Supporting clients in their stewardship-related interactions with stakeholders
  • Supporting the analysis and reporting of stewardship-related data
  • Provision of research at sectoral, regional, asset class and/or investment level of environmental, social, governance and other stewardship matters in relation to current or prospective client investments
  • Advice and reporting including gap-analysis in line with relevant regulatory standards and recognised external frameworks e.g. UNPRI, TCFD, UK Stewardship code, Paris Alignment, SDG alignment
  • Analysing the effectiveness of active ownership policies and engagement activity
  • Identifying industry developments which may impact upon client policies and reputation
  • Supporting the Scheme with defining engagement beliefs and priorities
  • Supporting the integration of stewardship best practice into investment processes and decision-making (in respect of both internal and external management)
Delivery: UK
Variant bids: not allowed
66141000 Pension fund management services

What it takes to win
i

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 more
How bids were scored · same split on all 4 lots
Quality: 80%Price: 20%
Published award criteria (2)
  • Quality: 80
  • Price: 20
What this means for your bid
  • Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
  • “Multi Provider Framework Agreement for the Provision of Stewardship…” is a framework: the contest is a place on its panel, not a single contract.

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
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
29 Jun 2021, 11:25 BST
Last source update
19 Apr 2022, 09:48 BST
Award evaluation window
31 Jan 2022 – …
Authority reference
NCCT42176
FTS notice number
2022/S 000-010165
Classification (CPV)
Pension fund management servicesPension services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-02c146 Find a Tender
Review and risk notes
Review procedure

The Council has decided to incorporate a standstill period at the point when information on the proposed award of the contract is communicated to tenderers. The standstill period, which will be for a minimum of ten calendar days, provides time for unsuccessful tenders to challenge the award decision before the Contract is entered into. Aggrieved parties who have been harmed or are at risk of harm by any breach of the Council's obligations may take action in the High Court (England, Wales and Northern Ireland). Proceedings must be brought within 30 days from the date of knowledge (the date on which the economic operator first knew or ought to have known that grounds for starting the proceedings had arisen) unless the Court considers that there is good reason for extending the period within which proceedings may be brought, in which case the Court may extend that period up to a maximum of 3 months from the date of knowledge.

How it was run

Official notice
Run through: In-tend · Who buys & how to bid on In-tend
Supplier login requiredLanguage: EN
Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup
Appointment period ends
31 Jan 2022, 14:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
31 Jan 2022, 14:05 GMT
Detailed submission instructions & authority contactsFrom official release

in-tendhost.co.uk/norfolkcc/aspx/Home ↗

Timeline

11 Oct 2021 → 19 Apr 2022 · 4 dates
  1. Next notice expected
    11 Oct 2021, 00:00 BST
  2. Admission / appointment period endsperiod end, not a bid countdown
    31 Jan 2022, 14:00 GMT
  3. Bids opened
    31 Jan 2022, 14:05 GMT
  4. Notice published
    19 Apr 2022, 09:48 BST

Notice history

6 events · 4 releases on Find a Tender · since 16 Dec 2021
  1. Status changed to active
    16 Dec 2021, 13:10 GMT
  2. Procurement method changed
    16 Dec 2021, 13:10 GMT
  3. Deadline published: 31 Jan 2022, 14:00 GMT
    16 Dec 2021, 13:10 GMT
  4. Buyer details updated
    16 Dec 2021, 13:10 GMT
  5. Status changed to complete
    19 Apr 2022, 09:48 BST
  6. Buyer details updated
    19 Apr 2022, 09:48 BST
Published amendments (1 · 0 deadline changes)
WhenWhatBeforeAfterShift
—TextI.1.I.1) Name and addresses West Sussex County Council (as Administering Authority for the West Sussex Pension Fund) Winchester SO23 8UB Email pensions@hants.gov.uk Country United Kingdom NUTS code UKJ3 - Hampshire and Isle of Wight Internet address(es) Main address www.westsussex.gov.uk Buyer's address https://in-tendhost.co.uk/norfolkcc/aspx/HomeI.1) Name and address West Sussex County Council(as Administering Authority for West Sussex Pension Fund) Chichester PO19 1RG Email investments@westsussex.gov.uk Country United Kingdom Nuts code IKJ2 - IKJ2 - Surrey, East and West Sussex Internet address(es) Main address www.westsussex.gov.uk Buyer's address https://in-tendhost.co.uk/norfolkcc/aspx/Home

1 amendment published without a description.

Routine re-releases (4)
  • 2021-06: 1 release · 29 Jun 2021

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 13admitted to the panel · see the list ↓
Bids received 7busiest of 4 lots
Contracts signed 4latest 28 Mar 2022

4 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

  • Voting Services

    Signed
    28 Mar 2022
    Value
    —
    Status
    active

  • Engagement Services

    Signed
    28 Mar 2022
    Value
    —
    Status
    active

  • Voting and Engagement Services

    Signed
    28 Mar 2022
    Value
    —
    Status
    active

  • Stewardship Reporting and Projects

    Signed
    28 Mar 2022
    Value
    —
    Status
    active

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Voting Services3bids · 3 electronic——£100 – £150
2 · Engagement Services6bids——£100 – £150
3 · Voting and Engagement Services5bids——£100,000 – £150,000
4 · Stewardship Reporting and Projects7bids——£100,000 – £150,000
Whole notice———£100 – £150

Contracting authority & participating public bodies

11 public bodies on the notice

Norfolk County Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Martineau Lane, NORWICH, East of England, NR12DHContact name, email

Consortium members and other public bodies

  • City of Bradford Metropolitan District Council (as Administering Authority of the West Yorkshire Pension Fund)Contracting authority Bradford, Yorkshire & HumberContact email
  • East Sussex County Council (as Administering Authority of the East Sussex Pension Fund)Contracting authority Lewes, South EastContact email
  • Norfolk County Council (As Administering Authority for Norfolk Pension FundContracting authorityRegional or local authorityGeneral public services NORWICH, East of EnglandContact name, email, phone Published organisation website ↗
  • Norfolk County Council (As Administering Authority of the Norfolk Pension Fund)Contracting authorityRegional or local authorityGeneral public services NORWICH, East of EnglandContact name, email Published organisation website ↗
  • South Yorkshire Pension AuthorityContracting authority Barnsley, Yorkshire & HumberContact email
  • Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)Contracting authority Droylsden, North WestContact email
  • West Sussex County Council (as Administering Authority for the West Sussex Pension Fund)Contracting authority Winchester, South EastContact email
  • West Sussex County Council(as Administering Authority for West Sussex Pension Fund)Contracting authority Chichester, South EastContact email
  • Wirral Council (as Administering Authority of the Merseyside Pension Fund)Contracting authority Liverpool, North WestContact email
  • Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund)Contracting authority Wolverhampton, West MidlandsContact email

Framework contractors & participating bidders

13 commercial parties on the notice
Show 3 more suppliers

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria