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Tenders

LD Pensions' tender for an Agreement concerning Investment Management of Global Environment and Climate Equities (IMA)

Open
Deadline
20 days left
April 24, 2026
Contract Details
Category
Other
Reference
00202666-2026
Value
kr30,000,000
Location
Denmark
Published
March 27, 2026
CPV Code
Project Timeline

Tender Published

March 24, 2026

Deadline for Questions

April 17, 2026

Submission Deadline

April 24, 2026

Budget
kr30,000,000
Duration
Not specified
Location
Denmark
Type
Other
75
Quality Score/100
Good

Original Tender Description

The object of the tender is to select an Investment Manager to provide investment management services for LD Pensions' assets within Global Environment and Climate Equities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed by KLD. The expected size of the mandate is DKK 1,800 million, approximately EUR 240 million. The investment objective is to outperform the benchmark MSCI ACWI in net terms over a full market cycle. A description

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Requirements & Qualifications

10 requirements across 5 categories

Submission (3)
Mandatory (1)
Compliance (2)
Technical (3)
Financial (1)
SUBMISSION REQUIREMENTS3
--Bids must be submitted by the deadline: 2026-04-24 21:59:00.
--A description of the tender can be found in the Procurement Guidelines.
--The contract will be signed by Kapitalforeningen LD (KLD).
MANDATORY EXCLUSION GROUNDS1
--No specific mandatory exclusion grounds are detailed in the provided text.
ELIGIBILITY REQUIREMENTS2
--Must be an Investment Manager.
--Must be able to provide investment management services for Global Environment and Climate Equities.
TECHNICAL CAPABILITY REQUIREMENTS3
--Must be able to manage assets of DKK 1,800 million (approximately EUR 240 million).
--Must be able to achieve the investment objective of outperforming the benchmark MSCI ACWI in net terms over a full market cycle.
--Detailed characteristics of the desired mandate are located in the Investment Guidelines.
FINANCIAL REQUIREMENTS1
--No specific financial requirements are detailed in the provided text.

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Documents

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75
Good

Tender Quality Score

This tender for investment management services is generally well-structured, with clear objectives and a disclosed estimated value. However, it lacks specific evaluation criteria and details on contract duration, impacting completeness and practicality.

Score Breakdown

Legal Compliance75/100

The tender appears to comply with general procurement regulations, including the use of a proper CPV code and an open procedure. Deadlines are provided, though their reasonableness is not fully assessable without knowing the complexity of the required documentation. No disputes are indicated.

Clarity80/100

The tender clearly defines the object of the procurement, the investment objective, and the expected mandate size. Key documents like Procurement Guidelines and Investment Guidelines are referenced, suggesting detailed requirements are available externally.

Completeness70/100

Most basic information is present, including title, reference, organization, estimated value, and deadline. However, crucial details such as contract duration and specific evaluation criteria are missing from the provided text, reducing overall completeness.

Missing evaluation criteria
Missing contract duration
Fairness85/100

The tender is an open procedure, allowing broad participation. The estimated value is disclosed, and the criteria for eligibility are based on professional capability. There are no apparent requirements tailored to specific companies.

Practicality65/100

The tender mentions e-procurement, which is a positive aspect. However, the availability of document content is not confirmed, and the absence of a specified contract start date and financing information limits practical assessment.

No e-submission (implied, as only e-procurement is mentioned)
Missing contract start date
Data Consistency90/100

Key fields such as title, reference, organization, estimated value, and deadline are populated. There are no indications of suspension or disputes. The dates provided are logical within the context of a tender.

Sustainability50/100

While the tender focuses on 'Global Environment and Climate Equities,' there is no explicit mention of green procurement criteria, social aspects, innovation, or EU funding within the provided text. This suggests a lack of detailed sustainability considerations.

Not green procurement (explicitly stated)
No social criteria

Strengths

Clear object and investment objective
Disclosed estimated value
Open procedure
CPV code provided
E-procurement mentioned

Concerns

Missing evaluation criteria
Missing contract duration
Lack of explicit sustainability criteria
Unclear document content availability

Recommendations

1. Specify detailed evaluation criteria.
2. Clarify contract duration and start date.
3. Incorporate explicit green and social procurement criteria if applicable.

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