Published date: 13 January 2025

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 13 February 2025, 12pm

Contract summary

Industry

  • Software package and information systems - 48000000

Location of contract

CR0 2NA

Value of contract

£43,000,000 to £55,000,000

Procurement reference

tender_458345/1441358

Published date

13 January 2025

Closing date

13 February 2025

Closing time

12pm

Contract start date

1 April 2026

Contract end date

31 March 2031

Contract type

Supply contract

Procedure type

Competitive procedure with negotiation (above threshold)

Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Board of the Pension Protection Fund is tendering for an Order management, portfolio monitoring and risk analytics system.

The requirement has been split into two lots:
Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).

Lot 2 - Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)

Full details of the PPF's requirements are set out in the procurement documents

Please visit our tendering portal to access the procurement documents. You will need to create an account on the PPF tendering portal if you have not used it before.

Closing date for SQ responses - 13 February 2025

Closing date for ITT responses - 21 March 2025

The total estimated contract value for the purposes of the notice has been calculated as a range between £43m and £55m across Lots 1 and 2 over the maximum contract term of 10 years. The PPF is evolving within a changing market, and future needs for additional investment management modules is possible. These developments will align with market changes and the Board's strategy, potentially requiring new software and licenses. This may lead to price revisions and increased fees over the contract's duration, though the extent of these additional services is not guaranteed. In the event there was a significant increase to the number of schemes PPF takes on then this would require an amendment to the contract value. However, this known, unknown value cannot be predicted at this stage.

More information

Links

About the buyer

Contact name

Claire Lefort

Address

12 Dingwall Road,
Croydon
CR0 2NA
England

Telephone

02084062134

Email

claire.lefort@ppf.co.uk

Website

https://ppf.bravosolution.co.uk