SECTION I: CONTRACTING AUTHORITY
I.1)
NAME, ADDRESSES AND
CONTACT POINT(S)
Essex County Council
PO Box 11 County Hall
Attn: Manager Research Team
CM1 1LX Chelmsford
UNITED KINGDOM
Tel. +44 1415667919
E-mail:
[email protected]
Fax +44 1415667788
Internet address(es)
General address of the contracting authority
www.essexcc.gov.uk
Further information can be obtained at: Hymans Robertson LLP
20 Waterloo Street
Attn: Manager Research Team
G2 6DB Glasgow
UNITED KINGDOM
Tel. +44 1415667919
E-mail:
[email protected]
Fax +44 1415667788
Internet:
www.hymans.co.uk
Specifications and additional documents (including documents for
competitive dialogue and a dynamic purchasing system) can be obtained
at: Hymans Robertson LLP
20 Waterloo Street
Attn: Manager Research Team
G2 6DB Glasgow
UNITED KINGDOM
Tel. +44 1415667919
E-mail:
[email protected]
Fax +44 1415667788
Internet:
www.hymans.co.uk
Tenders or requests to participate must be sent to: Hymans
Robertson LLP
20 Waterloo Street
Attn: Manager Research Team
G2 6DB Glasgow
UNITED KINGDOM
Tel. +44 1415667919
E-mail:
[email protected]
Fax +44 1415667788
Internet:
www.hymans.co.uk
I.2)
TYPE OF THE CONTRACTING
AUTHORITY AND MAIN ACTIVITY OR ACTIVITIES
Regional or local authority
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 by the contracting authority
Appointment of pension fund investment managers - infrastructure.
II.1.2)
Type of contract and
location of works, place of delivery or of performance
Services
Service category: No 6
NUTS code UKH33
II.1.3)
The notice involves
A public contract
II.1.4)
Information on framework
agreement
II.1.5)
Short description of the
contract or purchase(s)
To appoint an investment manager for a global infrastructure
mandate equivalent to approximately 50 000 000 GBP based on current
values. Only fund of fund approaches will be considered, on either a
pooled fund or segregated account basis. Only unlisted infrastructure
approaches will be considered.
The Council reserves the right to alter the value of the funds
awarded and this may change over time. More than one manager may be
appointed. The Council reserves the right to alter the length of the
contract.
II.1.6)
Common procurement
vocabulary (CPV)
II.1.7)
Contract covered by the
Government Procurement Agreement (GPA)
No
II.1.8)
Division into lots
No
II.1.9)
Variants will be
accepted
Yes
II.2)
QUANTITY OR SCOPE OF THE
CONTRACT
II.2.1)
Total quantity or scope
To appoint an investment manager for a global infrastructure
mandate equivalent to approximately 50 000 000 GBP based on current
values. Only fund of fund approaches will be considered, on either a
pooled fund or segregated account basis. If the latter, the successful
investment manager will be asked to consider the fund’s existing
infrastructure investments when making investments on behalf of the
fund. Only unlisted Infrastructure approaches will be considered. No
benchmark has been agreed; this will be discussed with the successful
manager.
The Council reserves the right to alter the value of the funds
awarded and this may change over time. More than one manager may be
appointed. The Council reserves the right to alter the length of the
contract.
II.3)
DURATION OF THE CONTRACT
OR TIME-LIMIT FOR COMPLETION
SECTION III: LEGAL, ECONOMIC, FINANCIAL AND
TECHNICAL INFORMATION
III.1)
CONDITIONS RELATING TO
THE CONTRACT
III.1.1)
Deposits and guarantees
required
III.1.2)
Main financing
conditions and payment arrangements and/or reference to the relevant
provisions regulating them
III.1.3)
Legal form to be taken
by the group of economic operators to whom the contract is to be awarded
III.1.4)
Other particular
conditions to which the performance of the contract is subject
No
III.2)
CONDITIONS FOR
PARTICIPATION
III.2.1)
Personal situation of
economic operators, including requirements relating to enrolment on
professional or trade registers
Information and formalities necessary for evaluating if
requirements are met: Providers must be registered in terms of the UK
Financial Services and Markets Act 2000, or equivalent law of European
Economic Area (EEA) member state to manage the assets of occupational
pension funds. Proof of registration must be provided.
III.2.2)
Economic and financial
capacity
III.2.3)
Technical capacity
Information and formalities necessary for evaluating if
requirements are met:
Providers should complete a Pre Qualification Questionnaire (PQQ).
Please contact Hymans Robertson LLP for a copy of the PQQ. Contact
details can be found in point I.
Minimum level(s) of standards possibly required
Providers must be registered in terms of the UK Financial Services
and Markets Act 2000, or equivalent law of European Economic Area (EEA)
member state to manage the assets of occupational pension funds.
Providers must be able to comply with appropriate LGPS
regulations.
Only fund of fund approaches will be considered, on either a
pooled fund or segregated account basis.
III.2.4)
Reserved contracts
No
III.3)
CONDITIONS SPECIFIC TO
SERVICES CONTRACTS
III.3.1)
Execution of the service
is reserved to a particular profession
Yes
Providers must be registered under the terms of the UK Financial
Services and Markets Act 2000 or equivalent law of European Economic
Area (EEA) member state to manage the assets of occupational pension
funds. See III.2.1 above.
III.3.2)
Legal entities should
indicate the names and professional qualifications of the staff
responsible for the execution of the service
Yes
SECTION IV: PROCEDURE
IV.1)
TYPE OF PROCEDURE
IV.1.1)
Type of procedure
Restricted
IV.1.2)
Limitations on the
number of operators who will be invited to tender or to participate
Envisaged minimum number 5 maximum number 20
Objective criteria for choosing the limited number of candidates:
Providers will be assessed across 5 factors; ownership; business
stability and focus; people; performance and risk and suitability and
fit.
IV.1.3)
Reduction of the number
of operators during the negotiation or dialogue
IV.2)
AWARD CRITERIA
IV.2.1)
Award criteria
The most economically advantageous tender in terms of the criteria
stated in the specifications, in the invitation to tender or to
negotiate or in the descriptive document
IV.2.2)
An electronic auction
will be used
No
IV.3)
ADMINISTRATIVE
INFORMATION
IV.3.1)
File reference number
attributed by the contracting authority
IV.3.2)
Previous publication(s)
concerning the same contract
No
IV.3.3)
Conditions for obtaining
specifications and additional documents
Time limit for receipt of requests for documents or for accessing
documents 10.5.2010 - 10:00
IV.3.4)
Time-limit for receipt
of tenders or requests to participate
10.5.2010 - 12:00
IV.3.5)
Date of dispatch of
invitations to tender or to participate to selected candidates
IV.3.6)
Language(s) in which
tenders or requests to participate may be drawn up
English.
IV.3.7)
Minimum time frame
during which the tenderer must maintain the tender
IV.3.8)
Conditions for opening
tenders
SECTION VI: COMPLEMENTARY INFORMATION
VI.1)
THIS IS A RECURRENT
PROCUREMENT
VI.2)
CONTRACT RELATED TO A
PROJECT AND/OR PROGRAMME FINANCED BY EU FUNDS
VI.3)
ADDITIONAL INFORMATION
VI.4)
PROCEDURES FOR APPEAL
VI.4.1)
Body responsible for
appeal procedures
VI.4.2)
Lodging of appeals
Precise information on deadline(s) for lodging appeals: As per the
Public Contracts Regulations 2006.
VI.4.3)
Service from which
information about the lodging of appeals may be obtained
VI.5)
DATE OF DISPATCH OF THIS
NOTICE:
8.4.2010