Tender

Provision of Investment Management Services

NURSING AND MIDWIFERY COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

01 Aug 2019 at 12:44

Tender Notice
Tender

01 Aug 2019 at 08:27

Tender Notice
Summary of the contracting process

The Nursing and Midwifery Council (NMC) is currently seeking a provider for the "Provision of Investment Management Services." This procurement falls under the financial services industry, specifically focusing on portfolio management services. The tender is in the active stage, with submissions due by 2nd September 2019. The successful bidder will manage approximately £30 million in long-term investments, with the contract period stretching from 23rd December 2019 to 22nd December 2024. The procurement method is selective, following a restricted procedure, and bidders are expected to comply with the detailed investment policies set by the NMC.

This tender presents a significant opportunity for financial consultancy firms and investment management companies looking to expand their business within the public sector. Companies with expertise in managing long-term investment portfolios, particularly those familiar with strategic asset allocations, will be well-suited to compete. The NMC's focus on a single investment manager for this allocation opens a competitive landscape for candidates able to demonstrate robust investment strategies and a proven track record in similar services.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Provision of Investment Management Services

Notice Description

The NMC currently has approximately PS90m in cash and has recently decided to allocate funds in the region of PS30m to a successful supplier to manage as long term investments. Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years. The investment manager will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policies. The Investment Policy provided sets out in full our objectives and restrictions on investment. It breaks down our investment assets into three portfolios and specific associated policies: Short, Medium and Long term. In this procurement we are seeking an investment manager only for assets held in the Long Term portfolio. Therefore, a portfolio with a strategic asset allocation which is then tactically adjusted is expected. We are appointing one manager for this allocation of funds. Additional information: Responses to the ITT are to be completed electronically using the NMC e-Sourcing portal ('e-Sourcing Portal'): https://in-tendhost.co.uk/nmc Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0e0fecb6-1e8a-44c6-8a62-68613ff27b99
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/89a1ace3-f3b4-48ae-9abf-fc35b6ab789d
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66000000 - Financial and insurance services

66140000 - Portfolio management services

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Aug 20196 years ago
Submission Deadline
2 Sep 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
23 Dec 2019 - 22 Dec 2024 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NURSING AND MIDWIFERY COUNCIL
Contact Name
Zoran Kahvo
Contact Email
zoran.kahvo@nmc-uk.org
Contact Phone
02076815480

Buyer Location

Locality
LONDON
Postcode
W1B 1PZ
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Marylebone
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-0e0fecb6-1e8a-44c6-8a62-68613ff27b99-2019-08-01T13:44:33+01:00",
    "date": "2019-08-01T13:44:33+01:00",
    "ocid": "ocds-b5fd17-0e0fecb6-1e8a-44c6-8a62-68613ff27b99",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "FIN-00000094",
        "title": "Provision of Investment Management Services",
        "description": "The NMC currently has approximately PS90m in cash and has recently decided to allocate funds in the region of PS30m to a successful supplier to manage as long term investments. Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years. The investment manager will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policies. The Investment Policy provided sets out in full our objectives and restrictions on investment. It breaks down our investment assets into three portfolios and specific associated policies: Short, Medium and Long term. In this procurement we are seeking an investment manager only for assets held in the Long Term portfolio. Therefore, a portfolio with a strategic asset allocation which is then tactically adjusted is expected. We are appointing one manager for this allocation of funds. Additional information: Responses to the ITT are to be completed electronically using the NMC e-Sourcing portal ('e-Sourcing Portal'): https://in-tendhost.co.uk/nmc Is a Recurrent Procurement Type? : No",
        "datePublished": "2019-08-01T09:27:26+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66140000",
                "description": "Portfolio management services"
            },
            {
                "scheme": "CPV",
                "id": "79412000",
                "description": "Financial management consultancy services"
            },
            {
                "scheme": "CPV",
                "id": "66171000",
                "description": "Financial consultancy services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "W1B 1PZ"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "W1B 1PZ"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 1800000,
            "currency": "GBP"
        },
        "value": {
            "amount": 2000000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Restricted procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2019-09-02T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2019-12-23T00:00:00Z",
            "endDate": "2024-12-22T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/89a1ace3-f3b4-48ae-9abf-fc35b6ab789d",
                "datePublished": "2019-08-01T13:44:33+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Additional information on how to apply for this contract",
                "url": "https://in-tendhost.co.uk/nmc/aspx/"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-96212",
            "name": "Nursing and Midwifery Council",
            "identifier": {
                "legalName": "Nursing and Midwifery Council"
            },
            "address": {
                "streetAddress": "Marylebone, London",
                "locality": "London",
                "postalCode": "W1B 1PZ",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Zoran Kahvo",
                "email": "zoran.kahvo@nmc-uk.org",
                "telephone": "02076815480"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-96212",
        "name": "Nursing and Midwifery Council"
    }
}