Fund custody and order routing service

Result

About the bid

Assignment description

Valtion Eläkerahasto (the State Pension Fund of Finland, VER) is acquiring services for fund order routing, fund custody, fund data and analytics and possible additional services related to the service that could be acquired at a later stage, as defined in this call for tenders (the Call for Tenders) and its attachments (each an Attachment), especially in Attachment 1 (Service description). The procured service will exceed EU public procurement thresholds.Main features of the procedureGENERAL The Finnish Act on Public Procurement and Consession Contracts (1397/2016, the Act) shall be applied to this procurement. The estimated value of the services to be acquired for the Contract Period will exceed the EU threshold pursuant to Section 26 of the Act. This procurement shall be completed with an open procedure pursuant to the Act. The procurement has not been divided into lots, as the contracting authority considers that the Service included in the procurement constitutes a single whole, the division of which into separate lots would be inappropriate for technical and economic reasons. Please further see Attachment 8 (Additional information to the Call for Tenders). SUBMITTING THE TENDER AS A GROUP OF ECONOMIC OPERATORS AND SUBCONTRACTING A tender may be submitted by a group of economic operators (a consortium or group). If awarded the agreement, all group members must sign the Agreement and undertake joint and several liability to fulfill the obligations and responsibilities under the Agreement. The members of the group may not be changed during the procurement procedure or the contract period. The group and the supplier with subcontractors are required to have the necessary technical, economic, financial and other capacities to provide the goods and services in accordance with the Agreement for its entire duration. During the tender process and during the contract period, the tenderer may be requested to provide proof on commitments and contracts they have made with the declared subcontractors which may affect the tenderer’s capacity to meet the obligations of the Agreement. The group may be requested to provide corresponding proof on how the relationships between the members of the group have been arranged. USING RESOURCES OF OTHER ENTITIES A tenderer or a group of economic operators may rely on the resources of other entities to fulfill the requirements of the Call for Tenders and the Agreement regardless of the legal nature of their relationship. However, the resources of other entities must be de facto at the disposal of the tenderer or the group of economic operators during the procurement process and the contract period. Such resources may include, for example: Professional experience – Relying on the expertise of another economic entity, such as a company within the same corporate group, provided that the entity is named in the tender as a subcontractor and actively participates in delivering the Service. Personnel – Using employees from another company to meet professional qualification requirements, provided that these individuals actively contribute to the delivery of the Service. Economic and financial standing – Leveraging the financial capacity of another entity. Technical capabilities – Utilizing another entity’s technical resources, provided they are genuinely used to meet the procurement requirements. In these instances, the entity being relied on must be appropriately indicated in the tender. PROCESSING OF TENDERS Tenders submitted will be binding and they shall be submitted in English. Answers to any questions presented during the process are available through Hilma-portal (www.hankintailmoitukset.fi/en/, requires registration). The procurement shall progress as follows: 1. Opening of the tenders. Opening of the tenders is not a public event. The procurement entity may open the tenders also after the due time for the tenders, at any moment of time deemed best at its sole discretion. 2. Ensuring the suitability of the tenderer. 3. Ensuring the compliance of the tenders with the Call for Tenders. 4. Comparison of the tenders, the basis of which is described in Attachment 6. 5. Procurement decision and notification of the decision. 6. Entering into the Agreement. The procurement entity preserves the right not to select any of the tenders it has received and to cancel the procurement procedure based on a justified reason, e.g. where circumstances have changed or if it has become impossible or purposeless for the planned procurement to be executed as described in this document. Furthermore, the contracting authority may decide to cancel the procurement if all the tenders are excessively expensive. SUITABILITY OF TENDERS Before the tenders are processed, it shall be assessed whether the tenderers meet the technical, professional and economic and financial requirements presented in the suitability requirements. Tenderers who do not satisfy the technical, financial or other criteria shall be excluded from the procurement. A tenderer to whom the exclusion grounds as referred to in the Act and/or the ESPD form are applicable will be excluded from the procurement process. The contracting authority will verify the information provided in the ESPD through official registers, if necessary, and request the winner of the tendering process to provide documents demonstrating compliance with the suitability requirements and that no exclusion grounds are applicable to the winner of the tendering process, including but not limited to criminal record extracts. COMPLIANCE WITH THE CALL FOR TENDERS The services offered must fully comply with the requirements outlined in the Call for Tenders and its Attachments. All requested information and required annexes must be submitted as part of the tender. Tenders that do not meet the requirements of the Call for Tenders or fail to adhere to the conditions of the tendering procedure will be disqualified from the competition. COMPARISON OF TENDERS The comparison of the tenders, which comply with the requirements outlined in the Call for Tenders and its Attachments, shall be made according to chapter “Grounds for decision” of the Call for Tenders and Attachment 6.

Contact information

Contact phone

+358 295201200

Contact email

VER-kilpailutus@ver.fi

Address

Mikonkatu 15 A 6 krs, 00100 Helsinki

• Price

  30%

  Description

  See separate Attachment 6 (Award criteria).

• Quality of the service

  70%

  Description

  See separate Attachment 6 (Award criteria).

• Credit rating

  Description

  Leverandøren skal ha økonomisk kapasitet til å levere tjenesten i den nødvendige skalaen og kvaliteten. Leverandørens (og konsernets) finansielle stilling, solvens og kredittverdighet skal være på et tilstrekkelig nivå som gjenspeiler slik økonomisk kapasitet. Relevant kredittvurdering av leverandøren eller konsernet skal på tidspunktet for innlevering av tilbudet være minst Moody’s rating A3 eller S&P rating A-, eller Fitch's A-, eller anses som tilsvarende basert på informasjonen gitt til VER av leverandøren.

  Documentation Requirement

  Ikke spesifisert.

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