Published date: 1 July 2015

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 15 July 2015

Contract summary

Industry

  • Accounting services - 79211000

Location of contract

London

Value of contract

£60,000

Procurement reference

London LGPS CIV - Account Support - ACS Operator

Published date

1 July 2015

Closing date

15 July 2015

Contract start date

1 September 2015

Contract end date

1 February 2016

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

There are thirty three local authority pension funds in London which are part of the Local Government Pension Scheme (LGPS), a national scheme administered on a local basis.

Currently, the thirty three funds (32 London boroughs and the City of London Corporation) each manage their pension investments independently. In the future, the administering authorities have decided to collaborate on the management and investment of their pension fund assets to deliver efficiencies, economies of scale and improvement in operations.

The most appropriate vehicle for creating numerous benefits, whilst retaining local accountability and decisions making by the individual funds is the proposed Collective Investment Vehicle (CIV), structured as an Authorised Contractual Scheme (ACS) with an authorised ACS Operator and fund.

London CIV is now looking for a provider to supply accounting services and this tender is looking for proposals from suitably qualified candidates for the provision of Accounting Support Services to the Operator of an ACS for a period of 3 years (with an option to extend the contract for a further three years or part thereof).

Award information

Awarded date

19 August 2015

Contract start date

19 August 2015

Contract end date

1 February 2016

Total value of contract

£85,000

This contract was awarded to 1 supplier.

Metro Dynamics Ltd

Address

201 borough High Street, London, SE1JA

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Hugh Grover

Address

London Councils
59½ Southwark Street
London
SE1 0AL
England

Email

hugh.grover@londoncouncils.gov.uk