Investment Platform Consultancy Support

Award outcome

Description

Border to Coast has propositions within Public Listed, Private Markets, and Real Estate asset classes that deliver investment opportunities and management to our Partner Funds, with specific systems in place for each asset class. As part of our strategy to offer more capabilities to our Partner Funds and a unified approach to data within the organisation, we need to implement a platform that enables management of, and insight into, Partner Fund cross-asset investments. We wish to procure an investments and data platform to support the efficient and effective implementation of these new capabilities. The platform needs to have interoperability with our administrator and other third parties to enable reporting on the whole customer fund and the provision of these new capabilities. In support of this procurement, we require consultancy support to assist us with our selection of an appropriate system, as set out below. Border to Coast's Requirement for Consultancy Support The service provider should be able to demonstrate a strong background working with Asset Managers and Owners, including a firm understanding how these organisations operate with third party administrators/asset servicers. Additionally, experience is required in selecting and implementing this type of platform, including knowledge of public procurement processes. The support Border to Coast requires is as follows: Guidance to help prepare our Invitation to Tender for the investments and data platform procurement, including: i. feedback and input into the development of functional requirements, with the objective of helping us avoid omissions and/or ambiguity in our requirements. These requirements will be used to assess platforms. ii. Advice, based on experience of previous implementations, on identifying common pitfalls to avoid, guidance on how to manage these at this stage of investments and data platform procurement. iii. providing guidance on the achievability of our expectations implied by the tender, and the extent to which they are in line with the industry / marketplace. iv. helping us ensure vendor awareness in the market, of our Invitation to Tender, subject to complying with public procurement regulations. v. assisting with defining the scoring approach (e.g., pod breakdown, weighting focus) to proposals received from vendors. Support when reviewing tenders: i. the consultant to help us prepare a shortlist of credible vendor options from those tendering, for further review and to invite to demonstrate their system and present their tender. ii. an indication of realistic timescale expectations for implementing and configuring an investments and data platform. iii. in respect of shortlisted vendors, support to help us prepare for and review potential demonstrations/presentations from vendors and attend those demonstrations/presentations with us. iv. assisting with scoring of proposals from vendors, in line with our public procurement scoring framework and the requirements of the tender. This includes using the scoring template to score each vendor proposal, that Border to Coast would provide, and participating in scoring moderation meetings with us (which may involve onsite meetings at our Leeds office) - indicating expected availability for such meetings. v. providing focused technical support on any complexities and operating model impacts identified in the review process, in relation to any final scoring decisions.

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