Public procurement notice: Contract Award Notice
Published: 2018-04-04
Buyer: Local Pensions Partnership Investments Ltd
Country: UK
Contract type: Services
Procedure: Open procedure
CPV classification: 72222000: Information systems strategic planning services | 72246000
Award criteria: The most economic tender

Technical requirements: LPP has conducted a review of its investment operations systems and processes which concluded that LPP could implement changes to its current model to improve operational risk resilience and delivery of regulatory compliance. Recommended improvements would also seek to deliver a more scalable model which would aim to be best in class and deliver a higher quality service to clients. LPP recognises that internal resources lack the capacity and market expertise to provide complete support to a programme which can deliver the recommendations of the review and is therefore seeking specialist consultancy support along with a comprehensive understanding of LPP’s particular operating environment.
This procurement is being managed by Proxima Group on behalf of the Local Pension Partnership Limited (LPP).
It is LPP’s intention to upgrade the systems and processes supporting its regulated investments business, LPP I, and to outsource its middle office function in order to benefit from greater breadth of expertise and the increased value provided by a specialist provider. It is seeking a consultant to act as a partner, bringing expertise of operating models, outsourcing and project management and delivery. This is being formalised in the following 2 workstreams:
The delivery portfolio management systems to support public and private market asset classes will be coordinated with the outsourced middle office. It will select, contract, deploy, configure and test the system before migrating LPP’s portfolios onto it as the middle office services are begun. The work stream includes training of users and enhanced support during initial operations.
The Middle Office Work stream will deliver an enhanced investment operations process, preparing the model for additional clients, instrument and investment types and client reporting needs. The work stream will define the detailed processes between LPP and its custodians and agree contracts, commercials and associate service level agreements before integrating the outsourced middle office services into LPP’s new Portfolio Management System.
For further information please contact Jo Bond at Proxima Group on the contact details contained within this Contract Notice.
In order to express your interest and obtain access to the tender documentation you are required to register.
3. complete a simple form to register for an account (containing general questions, company details etc);
5. once you have submitted your details you will receive an email containing a link to activate your account, you should receive this instantly, if you do not please check your junk folders, if the email is not there please contact the procurement support team on 01633 742054 or by email on procurementsupport@proximagroup.com
6. once you have activated your account you will be able to log-in to the portal and will be required to complete an online Supplier Registration Form (SRF), this then completes the registration process;
7. you must then email confirmation of registration to procurementsupport@proximagroup.com who will then provide you with access to the tender documentation within the portal.
All tender responses must be submitted via the Catalytics portal, any requests for additional information or clarification questions must also be submitted via the portal.


Winner: Knadel Limited
Number of bids: 2