RFP QuestBeta
Awarded · ResultStage · contract

LONDON COUNCILS LTD

Contract to Provide Accounting Support Services to the Operator of an Authorised Contractual Scheme

Business ServicesCPV 79211000
Value£85k
Awarded14 Jul 2015
Published1 Jul 2015
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£85ktotal contract value
median £66k
this tender£0£1.6m

This sits in the upper-middle of the Business Services band — a substantial contract for the sector. Based on 57,319 valued Business Services tenders in our corpus.

The brief

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).

Key requirements

What the supplier must deliver

01

In the future, the administering authorities have

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.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
64422766-3fc8-41c8-9702-e33b8b5f3038
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
London LGPS CIV - Account Support - ACS Operator
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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