Independent Investment Adviser Services

{
  "buyer": {
    "id": "GB-PPON-PBBG-1282-YCXD",
    "name": "London Borough of Bromley"
  },
  "date": "2025-10-31T14:07:32Z",
  "id": "070121-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-05d819",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "Bromley",
        "postalCode": "BR1 1DP",
        "region": "UKI61",
        "streetAddress": "Bromley Civic Centre, Churchill Court, 2 Westmoreland Road"
      },
      "contactPoint": {
        "email": "procurement@bromley.gov.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - sub-central government",
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-PPON-PBBG-1282-YCXD",
      "identifier": {
        "id": "PBBG-1282-YCXD",
        "scheme": "GB-PPON"
      },
      "name": "London Borough of Bromley",
      "roles": [
        "buyer"
      ]
    }
  ],
  "tag": [
    "tender"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2026-01-05T23:59:59Z"
    },
    "description": "The Adviser must produce quarterly analyses and recommendations for the Pensions Committee meetings, attend the Committee meetings in person to brief the Committee on performance. Recommendations will be related to changes in the investment asset allocations and other matters as detailed in the Service Description section below. The adviser will give an opinion on Bromley\u0027s investments in equities, bonds, property, and other asset classes at key dates, and support the committee in scrutinising investment managers\u0027 performance. Furthermore, the adviser will be expected to maintain and update Bromley\u0027s climate change annual report.",
    "documents": [
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2025-10-31T14:07:32Z",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "070121-2025",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/070121-2025"
      }
    ],
    "enquiryPeriod": {
      "endDate": "2025-11-18T12:00:00Z"
    },
    "id": "DN795842",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Pension investment services",
            "id": "66131100",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKI61"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Cost",
              "numbers": [
                {
                  "number": 60,
                  "weight": "percentageExact"
                }
              ],
              "type": "cost"
            },
            {
              "description": "1. Firm Overview \u0026 LGPS Experience 10% \n2. Team Credentials \u0026 Specialist Knowledge 10% \n3.1. Governance/Client Engagement \u0026 Conflicts of Interest (a) 10% \n3.2. Governance/Client Engagement \u0026 Conflicts of Interest (b) 5% \n4. Investment Beliefs \u0026 Strategy 15% \n5.1. Asset Allocation \u0026 Risk Management (a) 9% \n5.2. Asset Allocation \u0026 Risk Management (b) 6% \n6.1. Pooling \u0026 Responsible Investment (a) 7% \n6.2. Pooling \u0026 Responsible Investment (b) 3% \n7.1. Performance Measurement \u0026 Monitoring (a) 5% \n7.2. Performance Measurement \u0026 Monitoring (b) 5% \n8. Innovation and Value for Money 15%",
              "name": "Quality",
              "numbers": [
                {
                  "number": 40,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2032-03-31T23:59:59+01:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "id": "1",
        "selectionCriteria": {
          "criteria": [
            {
              "description": "Please refer to the Invitation to Tender pack for the Conditions of Participation",
              "type": "economic"
            },
            {
              "description": "Please refer to the Invitation to Tender pack for the Conditions of Participation",
              "type": "technical"
            }
          ]
        },
        "status": "active",
        "suitability": {
          "sme": true,
          "vcse": true
        },
        "value": {
          "amount": 210000,
          "amountGross": 252000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure",
    "status": "active",
    "submissionMethodDetails": "Tenders must be submitted through www.londontenders.org",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "tenderPeriod": {
      "endDate": "2025-12-01T12:00:00Z"
    },
    "title": "Independent Investment Adviser Services",
    "value": {
      "amount": 210000,
      "amountGross": 252000,
      "currency": "GBP"
    }
  }
}