Award

Investment Advisor - AWARD

NOE-CPC

This public procurement record has 1 release in its history.

Award

02 Oct 2018 at 13:42

Award Notice
Summary of the contracting process

The procurement process pertains to the award of a contract for Investment Advisor services by the NOE-CPC on behalf of the Doncaster and Bassetlaw Hospitals NHS Foundation Trust Charitable Fund. The contract, identified as DBH 02487, falls under the category of Banking and Investment Services (CPV code 66100000) and is located in South Yorkshire, United Kingdom. The award was confirmed on 24 September 2018, with the contract period commencing from 1 October 2018 and concluding on 1 October 2021. It is notable that the initial tender period ended on 27 July 2018.

This tender provides a significant opportunity for businesses specialised in investment management and financial services, particularly those that can operate within the medium risk appetite outlined by the trust. Given that the contract must maximise returns for the charity's funds while minimizing risk, firms with expertise in investment banking services would be well-suited to compete for such contracts. Additionally, small and medium enterprises (SMEs) are encouraged to submit proposals, allowing for competitive diversity in the bidding process.

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Notice Information

Notice Title

Investment Advisor - AWARD

Notice Description

Doncaster and Bassetlaw Hospitals NHS Foundation Trust Charitable Fund (Registered Charity No. 1057917) was registered with the Charity Commission in April 2001 to hold funds for: - "Any charitable purpose or purposes relating to the National Health Service wholly or mainly for the service provided by Doncaster and Bassetlaw Hospitals NHS Trust." Under this "Umbrella Charity" there are over 180 individual funds administered by the Finance Department and overseen by the Trust's Charitable Funds Committee. As a registered Charity, trust funds are subject to the provisions of the Charities Acts 1993, as amended by the Charities Act 2011. The majority of trust funds are classified in law as Unrestricted Designated Funds of the main Umbrella Charity and do not require separate notification to the Charity Commission. However, where there is written evidence that a fund is held for a special purpose of the Umbrella Charity, details of this "Special Trust" are included in the Umbrella's registered particulars. As stated above Doncaster and Bassetlaw Teaching Hospitals NHS Foundation Trust is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity. A number of the powers of the Foundation Trust as Trustee have been delegated to the Trust's Charitable Funds Committee. Many of the donations and legacies received by the Charity are not spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care. Therefore, in order to obtain the best return on its reserves, the Charity invests in the unused funds in the stock market. For this reason, an investment manager is required to manage these investments. Risk Appetite The investment manager is required to manage these investments with a view to maximising the return to the Charity whilst minimising the risk. The Charity's risk appetite should be considered as 'MEDIUM'. One of the key tasks for the successful supplier will be to work with the Charity to revise and refine this assessment.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-021bffaf-fb67-4394-8270-57f4a6cf5fa4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/723e12fb-9753-4d20-85ac-4d3016c2c46f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Oct 20187 years ago
Submission Deadline
27 Jul 2018Expired
Future Notice Date
Not specified
Award Date
23 Sep 20187 years ago
Contract Period
30 Sep 2018 - 1 Oct 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NOE-CPC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTH YORKSHIRE
Postcode
DN2 5LT
Post Town
Doncaster
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE35 Doncaster
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Doncaster
Electoral Ward
Wheatley Hills & Intake
Westminster Constituency
Doncaster Central

Supplier Information

Number of Suppliers
1
Supplier Name

STANDARD LIFE WEALTH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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