Tender

(NU/1526) Provision of Ethical Investment Advice

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Tender

21 Aug 2019 at 13:43

Tender Notice
Summary of the contracting process

The University of Newcastle is currently conducting a tender process titled "(NU/1526) Provision of Ethical Investment Advice" within the financial consultancy services sector. The procurement is classified under the CPV code 66171000 and is taking place in Newcastle upon Tyne, England. This open tender is active, with a submission deadline set for 30th August 2019. The intended contract period will commence on 9th September 2019 and extend until 4th December 2019, with a total contract value of £35,000.

This tender presents significant opportunities for growth for small and medium-sized enterprises (SMEs) specialising in ethical investment advisory services and financial consultancy. Businesses that focus on sustainable investment strategies, particularly those that include screening for companies involved in fossil fuel extraction, will find this opportunity particularly suitable. The procurement offers a chance for these firms to contribute to Newcastle University's commitment to ethical practices in investment, aligning with their recent climate emergency declaration.

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Notice Information

Notice Title

(NU/1526) Provision of Ethical Investment Advice

Notice Description

The University holds a number of expendable and permanent endowments, which are invested as a General Investment Pool. The total value of these funds as at 30th April 2019 was PS81.1m. The University's practice is to tender for investment manager services every four years with the next tenders for equity managers due in 2021 and the next tenders for alternative asset classes due in 2022. However, the University is minded to bring forward the next tender exercise for equities to 2020. Prior to any tender exercise being undertaken, the University is seeking independent advice on the options available for it in relation to ethical screening of investments and in particular its approach to companies involved in fossil fuel extraction and exploitation. Currently, the only mandatory screen applied by the University is on tobacco but we are minded to extend this screen to include companies involved in fossil fuel extraction and exploitation. This is in reaction to the University's recent declaration of a climate emergency, continued staff, student and community activism in this area and previous policy statements by the University.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-784572fb-3512-4419-ae7a-ee706bcb76e6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3b9bd6b4-9d68-415b-b589-020e2e49bdcf
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£35,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Aug 20196 years ago
Submission Deadline
30 Aug 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
8 Sep 2019 - 4 Dec 2019 1-6 months
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
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Further Information

Notice URLs

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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