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PROCUREMENT OPPORTUNITY

Asset Class Modelling & Allocation Services

LONDON LGPS CIV LIMITED · Tender notice on Find a Tender

Tender information last checkedLast checked 29 Sept 2026, 23:29.

Opportunity overview

LCIV wishes to procure data sets and modelling, scenario and risk analysis tools and related services which will be used to support the delivery of asset class modelling and allocation services to our Partner Funds, including advising on the appropriate risk profile for Partner Funds to take into account their strategic objectives and risk appetites. The data, tools and services must cover the full range of public and private market strategies used by the London Local Authority LGPS. LCIV is inviting suppliers to bid their respective solutions, including proof-of-concept presentations which will enable bidders to demonstrate (and LCIV to evaluate) detailed functional capabilities of the proposed solutions, and the method of delivery of these solutions to the authority. We anticipate that the appointed supplier will enter into a single agreement with LCIV for the provision of data and services and that such data and services will be allowed to be passed onto shared with our Partner Funds where they have a contractual agreement with LCIV for such services.

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.

MERCER LIMITED

Matched by number
Published award value
£750k
Awarded
29 Jul 2025
Award ID
1
Status
pending
Identifier
GB-COH 00984275
Location
London, UKI31, EC3R 5BU, United Kingdom

Classification

  • CPV66151000 — Financial market operational services

Lots

  • Lot 1£2.7m · Including VAT

Documents and notices

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
P00125
Status
complete
Above Threshold
Yes
Procurement Method
open
Main Procurement Category
services
How to submit
Enquiries and Submissions may only be made via email to the following address: procurement@londonciv.org.uk
Procurement Method Details
Competitive flexible procedure
Expression Of Interest Deadline
28 Apr 2025, 17:00

Procedure

Features
The procurement will be structured into two key stages: a. Stage 1: Selection i. Applicants who have expressed an interest in the procurement will need to pre-qualify and must complete the Procurement Specific Questionnaire (PSQ) and have registered their details on the Central Digital Portal (CDP) within the Find a Tender portal. ii. The PSQ sets out the information required by the authority in order to assess the suitability of applicants to perform the Services as well as their economic and financial standing and technical and professional ability. iii. Tenders will be evaluated based on the bidder's written submission and proof of concept presentations. iv. LCIV reserves the right to limit the number of applicants that are invited to Stage 2 of the procurement to no more than 5 that have received the highest scores under section 3 of the PSQ. b. Stage 2: Invitation to Tender i. The Authority will issue an ITT to applicants that are shortlisted to Stage 2 following the evaluation of the PSQ responses. ii. A draft ITT will be made available to applicants on request via email during Stage 1 of the procurement for information only. Applicants must not respond to the draft ITT during Stage 1 of the procurement.

Amendments

Entry 1
Id
013702-2025
Description
Draft contract award form and contract terms published in downloads section.

Legal basis

Id
2023/54
Scheme
UKPGA

Expected award period

Ends
23 Jun 2025, 23:59

Submission terms

Electronic Submission Policy
notAllowed

Languages

en

Lots and requirements

Entry 1
Id
1
Status
complete
Has Renewal
Yes

Value

Currency
GBP
Including VAT
2,700,000

Renewal

Description
Subject to satisfactory performance and ability to accommodate any service changed arising during the contract period, they initial contract period may be extended.

Second Stage

Maximum Candidates
8

Award criteria

Criteria

Criterion 1
Name
Ability to derive capital markets risk and return assumptions for the full range of public and private markets asset classes and to model and optimise these inputs
Type
quality

Numbers

Entry 1
Number
1
Weight
order
Criterion 2
Name
Approach used to generate asset class assumptions and techniques used to model and optimise outputs under different scenarios.
Type
quality

Numbers

Entry 1
Number
2
Weight
order
Criterion 3
Name
Experience and track record of delivering asset class modelling and allocation services to LGPS and other institutional investors
Type
quality

Numbers

Entry 1
Number
3
Weight
order
Criterion 4
Name
Method of delivery of services to London CIV and its Partner Funds, and capacity to scale up the service to cover the full range of London CIV clients.
Type
quality

Numbers

Entry 1
Number
4
Weight
order
Criterion 5
Name
Ability to incorporate climate scenarios and best practice in responsible investment into the asset allocation process.
Type
quality

Numbers

Entry 1
Number
5
Weight
order
Criterion 6
Name
Cost of providing the services
Type
cost

Numbers

Entry 1
Number
6
Weight
order

Contract period

Ends
31 Dec 2028, 23:59
Starts
1 Jan 2026, 00:00
Max Extent Date
31 Dec 2032, 23:59

Selection criteria

Criteria

Criterion 1
Description
Previous track record of delivering similar services within a related sector.
For Reduction
Yes

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom
Entry 2
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66151000
Scheme
CPV
Description
Financial market operational services

Published documents

Entry 1
Id
conflictOfInterest
Description
Not published
Document Type
conflictOfInterest
Entry 2
Id
A-384
Format
application/zip
Document Type
biddingDocuments
Entry 3
Id
A-385
Format
application/vnd.openxmlformats-officedocument.wordprocessingml.document
Document Type
biddingDocuments
Entry 4
Id
A-386
Format
application/vnd.openxmlformats-officedocument.wordprocessingml.document
Document Type
biddingDocuments
Entry 5
Id
011951-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
31 Mar 2025, 11:12
Entry 6
Id
A-539
Format
application/vnd.openxmlformats-officedocument.wordprocessingml.document
Description
Draft contract award form
Document Type
biddingDocuments
Entry 7
Id
A-540
Format
application/vnd.openxmlformats-officedocument.wordprocessingml.document
Description
Mid-tier contract terms
Document Type
biddingDocuments
Entry 8
Id
013702-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
8 Apr 2025, 14:32

Planning and budget

No Engagement Notice Rationale
Market engagement was light touch exercise to help shape the requirement, this service requirement has been brought about by regulatory change.

Buyer, suppliers and contacts

Organisation 1
Id
GB-COH-09136445
Name
LONDON LGPS CIV LIMITED

Roles

buyer

Address

Region
UKI44
Country
GB
Locality
London
Postal Code
SE1 0NZ
Country Name
United Kingdom
Street Address
4th Floor, 22 Lavington Street

Details

Classifications

Entry 1
Id
publicAuthoritySubCentralGovernment
Scheme
UK_CA_TYPE
Description
Public authority - sub-central government

Identifier

Id
09136445
Scheme
GB-COH

Contact

Name
Ian Inglis

Additional Identifiers

Entry 1
Id
PQBW-9692-CYCW
Scheme
GB-PPON
Organisation 2
Id
GB-COH-00984275
Name
MERCER LIMITED

Roles

supplier

Address

Region
UKI31
Country
GB
Locality
London
Postal Code
EC3R 5BU
Country Name
United Kingdom
Street Address
1 Tower Place West

Details

Vcse
No
Scale
large
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
00984275
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PCZX-4442-DMXV
Scheme
GB-PPON

Award information

Award 1
Id
1
Date
30 Jul 2025, 00:00
Status
pending
Has Renewal
Yes
Above Threshold
Yes
Main Procurement Category
services
Assessment Summaries Date Sent
1 Aug 2025, 00:00

Items

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66151000
Scheme
CPV
Description
Financial market operational services

Value

Currency
GBP
Including VAT
750,000

Renewal

Description
Subject to satisfactory delivery and continuing requirement for services.

Documents

Entry 1
Id
045170-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
1 Aug 2025, 12:05

Suppliers

Supplier 1
Id
GB-COH-00984275
Name
MERCER LIMITED

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
14 Aug 2025, 23:59

Related lots

1

Contract period

Ends
31 Aug 2028, 23:59
Starts
1 Sept 2025, 00:00
Max Extent Date
31 Aug 2033, 23:59

Standstill Period

Ends
13 Aug 2025, 23:59

Recorded locations

  • Buyer location · London · UKI44 · SE1 0NZ · United Kingdom
  • Delivery location · UK · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-04fa80-2025-08-01T12:05:45+01:00Tender notice on Find a Tender ·