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PROCUREMENT OPPORTUNITY

Order management, portfolio monitoring and risk analytics system

Pension Protection Fund · compiled

Tender information last checkedLast checked 29 Sept 2026, 19:33.

Opportunity overview

The Board of the Pension Protection Fund (PPF) is awarding a contract, tendered in accordance with the Public Contracts Regulations 2015 under the Competitive Procedure with Negotiation, to deliver the following systems which have 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)

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

BlackRock Financial Management, Inc

No match
Contract value
£74m
Awarded
Not supplied
Contract signed
28 Jul 2025
Award ID
062522-2025-3590-1
Status
active
Identifier
2446204
Location
New York, US, NY 10001, United States

BlackRock Financial Management, Inc

No match
Contract value
£74m
Awarded
Not supplied
Contract signed
28 Jul 2025
Award ID
062522-2025-3590-2
Status
active
Identifier
2446204
Location
New York, US, NY 10001, United States

Classification

  • CPV48000000 — Software package and information systems
  • CPV48441000 — Financial analysis software package

Lots

  • Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).£55m
  • Lot 2 - Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)£55m

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
CS0723 ecm_3590
Status
complete
Has Recurrence
No
Review Details
The Board of the Pension Protection Fund
Procurement Method
selective
Main Procurement Category
goods
Procurement Method Details
Competitive procedure with negotiation

Covered By

GPA

Legal basis

Id
32014L0024
Scheme
CELEX

Lot Details

Maximum Lots Bid Per Supplier
9,999,999
Maximum Lots Awarded Per Supplier
2

Second Stage

Invitation Date
13 Feb 2025, 00:00
Successive Reduction
Yes
No Negotiation Necessary
Yes

Tender Period

Ends
13 Feb 2025, 12:00

Communication

Future Notice Date
1 Oct 2024, 00:00

Contract terms

Performance Terms
Stated in the tender documents available to download here https://ppf.bravosolution.co.uk/
Has Electronic Payment
Yes
Electronic Invoicing Policy
allowed

Classification

Id
48000000
Scheme
CPV
Description
Software package and information systems

Submission terms

Languages

en

Bid Validity Period

Duration In Days
180

Submission Method

electronicSubmission
written

Selection criteria

Criteria

Criterion 1
Type
suitability
Description
Stated in the tender documents available to download here https://ppf.bravosolution.co.uk/

Applies To

supplier

Lots and requirements

Entry 1
Id
1
Title
Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).
Status
cancelled
Has Options
No
Has Renewal
Yes
Description
Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).

Value

Amount
55,000,000
Currency
GBP

Renewal

Description
The contracts for both Lots 1 and 2 will be for an initial term of 5 years with optional extensions to take the maximum possible term to 10 years.

Second Stage

Maximum Candidates
3
Minimum Candidates
3

Award criteria

Criteria

Criterion 1
Name
Technical system requirements
Type
quality
Description
85
Criterion 2
Name
Price
Type
quality
Description
6
Criterion 3
Name
Price Sensitivity
Type
quality
Description
6
Criterion 4
Name
Contract
Type
quality
Description
3
Criterion 5
Type
price
Description
100

Contract period

Ends
31 Mar 2031, 23:59
Starts
1 Apr 2026, 00:00

Submission terms

Variant Policy
notAllowed

Selection criteria

Description
See tender documents available at https://ppf.bravosolution.co.uk/
Entry 2
Id
2
Title
Lot 2 - Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)
Status
cancelled
Has Options
No
Has Renewal
Yes
Description
Lot 2 - Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets) Additional information: Lot 2 - Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)

Value

Amount
55,000,000
Currency
GBP

Renewal

Description
The contracts for both Lots 1 and 2 will be for an initial term of 5 years with optional extensions to take the maximum possible term to 10 years.

Second Stage

Maximum Candidates
3
Minimum Candidates
3

Award criteria

Criteria

Criterion 1
Name
Technical System Requirements
Type
quality
Description
85
Criterion 2
Name
Price
Type
quality
Description
6
Criterion 3
Name
Price Sensitivity
Type
quality
Description
6
Criterion 4
Name
Contract
Type
quality
Description
3
Criterion 5
Type
price
Description
100

Contract period

Ends
31 Mar 2031, 23:59
Starts
1 Apr 2026, 00:00

Submission terms

Variant Policy
notAllowed

Selection criteria

Description
As stated in the tender documents available at https://ppf.bravosolution.co.uk/

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery Location

Description
Croydon and London

Delivery locations

Entry 1
Region
UKI62
Entry 2
Region
UKI62
Entry 3
Region
UKI62
Entry 4
Region
UKI62

Additional Classifications

Entry 1
Id
48000000
Scheme
CPV
Description
Software package and information systems
Item 2
Id
2
Related Lot
2

Delivery Location

Description
Croydon and London

Delivery locations

Entry 1
Region
UKI62
Entry 2
Region
UKI62

Additional Classifications

Entry 1
Id
48441000
Scheme
CPV
Description
Financial analysis software package

Published documents

Entry 1
Id
economic
Document Type
economicSelectionCriteria
Entry 2
Id
technical
Document Type
technicalSelectionCriteria

Buyer, suppliers and contacts

Organisation 1
Id
GB-FTS-8833
Name
Pension Protection Fund

Roles

buyer

Address

Region
UKI62
Locality
Croydon
Postal Code
CR0 2NA
Country Name
United Kingdom
Street Address
Renaissance, 12 Dingwall Road

Details

Classifications

Entry 1
Id
BODY_PUBLIC
Scheme
TED_CA_TYPE
Description
Body governed by public law
Entry 2
Id
04
Scheme
COFOG
Description
Economic affairs

Identifier

Legal Name
Pension Protection Fund

Contact

Name
Claire Lefort
Telephone
+44 8456002541
Organisation 2
Id
GB-FTS-134800
Name
The Board of the Pension Protection Fund

Roles

reviewBody
mediationBody
reviewContactPoint

Address

Locality
Croydon
Postal Code
CR20 2NA
Country Name
United Kingdom
Street Address
Renaissance, 12 Dingwall Road

Identifier

Legal Name
The Board of the Pension Protection Fund

Contact

Organisation 3
Id
GB-FTS-163075
Name
BlackRock Financial Management, Inc

Roles

supplier

Address

Region
US
Locality
New York
Postal Code
NY 10001
Country Name
United States
Street Address
BlackRock’s global headquarters: 50 Hudson Yards, New York, NY 10001, United States.

Details

Scale
large

Identifier

Id
2446204
Legal Name
BlackRock Financial Management, Inc
Organisation 4
Id
GB-FTS-163076
Name
BlackRock Financial Management, Inc

Roles

supplier

Address

Region
US
Locality
New York
Postal Code
NY 10001
Country Name
United States
Street Address
BlackRock’s global headquarters: 50 Hudson Yards, New York, NY 10001, United States. BlackRock’s primary European office: Drapers Gardens, 12 Throgmorton Avenue, London EC2N 2DL England.

Details

Scale
large

Identifier

Id
2446204
Legal Name
BlackRock Financial Management, Inc

Award information

Award 1
Id
062522-2025-3590-1
Title
Order management, portfolio monitoring and risk analytics system
Status
active

Suppliers

Supplier 1
Id
GB-FTS-163075
Name
BlackRock Financial Management, Inc

Related lots

1
Award 2
Id
062522-2025-3590-2
Title
Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)
Status
active

Suppliers

Supplier 1
Id
GB-FTS-163076
Name
BlackRock Financial Management, Inc

Related lots

2

Contracts and changes

Entry 1
Id
062522-2025-3590-1
Title
Order management, portfolio monitoring and risk analytics system
Status
active
Award ID
062522-2025-3590-1
Date Signed
29 Jul 2025, 00:00

Value

Amount
74,025,496
Currency
GBP
Entry 2
Id
062522-2025-3590-2
Title
Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)
Status
active
Award ID
062522-2025-3590-2
Date Signed
29 Jul 2025, 00:00

Value

Amount
74,025,496
Currency
GBP

Recorded locations

  • Buyer location · Croydon · UKI62 · CR0 2NA · United Kingdom
  • Delivery location · UKI62

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-0487c9-2025-10-06T13:57:13+01:00compiled ·