Award

Investment Advisor

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

06 Oct 2022 at 16:45

Award Notice
Summary of the contracting process

The General Medical Council (GMC) awarded a contract for Investment Advisor services with a value of £180,000. The procurement stage was completed, and the contract period is from May 1, 2022, to April 30, 2025. The tender was open, and the deadline for submissions was on February 14, 2022. The services fall under the industry category of "Banking and investment services". The delivery addresses are in the North West and London regions within the United Kingdom.

This procurement process led to opportunities for business growth, particularly for firms providing banking and investment services. Businesses well-suited to compete are those with expertise in providing ongoing investment advice, independent advice on major investment decisions, strategic asset allocation advice, and conducting independent reviews of investment arrangements. Small and medium-sized enterprises (SMEs) are considered suitable for this opportunity.

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

Investment Advisor

Notice Description

a. Provide ongoing investment advice on the performance of the external fund manager b. Provide independent advice on major specific investment decisions which may be considered by the Committee from time to time, including an assessment of the associated risks. c. Carry out an annual independent review/health-check of our investment arrangements in the light of prevailing market conditions and recommend any changes in approach as necessary d. Provide advice on Strategic (i.e long term) Asset Allocation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7eed1530-de76-411b-ae52-413f2930400e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8f7dfb6d-54b8-4b3f-9aaf-c7ff8fb89faf
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award 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

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£180,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Oct 20223 years ago
Submission Deadline
14 Feb 2022Expired
Future Notice Date
Not specified
Award Date
4 Mar 20223 years ago
Contract Period
30 Apr 2022 - 30 Apr 2025 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
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England), TLI London
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

Further Information

Notice Documents

Notice URLs

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-b5fd17-7eed1530-de76-411b-ae52-413f2930400e-2022-10-06T17:45:17+01:00",
    "date": "2022-10-06T17:45:17+01:00",
    "ocid": "ocds-b5fd17-7eed1530-de76-411b-ae52-413f2930400e",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "MT227593",
        "title": "Investment Advisor",
        "description": "a. Provide ongoing investment advice on the performance of the external fund manager b. Provide independent advice on major specific investment decisions which may be considered by the Committee from time to time, including an assessment of the associated risks. c. Carry out an annual independent review/health-check of our investment arrangements in the light of prevailing market conditions and recommend any changes in approach as necessary d. Provide advice on Strategic (i.e long term) Asset Allocation",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North West",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 180000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-02-14T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-05-01T00:00:00+01:00",
            "endDate": "2025-04-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-2233",
            "name": "General Medical Council (GMC)",
            "identifier": {
                "legalName": "General Medical Council (GMC)"
            },
            "address": {
                "streetAddress": "3 Hardman Street",
                "locality": "Manchester",
                "postalCode": "M3 3AW",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Gordon Duffus",
                "email": "gmctenders@gmc-uk.org",
                "telephone": "+44 1619236340"
            },
            "details": {
                "url": "http://www.gmc-uk.org"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-00104851",
            "name": "Mercer Limited",
            "identifier": {
                "legalName": "Mercer Limited",
                "scheme": "GB-COH",
                "id": "00104851"
            },
            "address": {
                "streetAddress": "Four Brindleyplace, , Birmingham"
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-2233",
        "name": "General Medical Council (GMC)"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-7eed1530-de76-411b-ae52-413f2930400e-1",
            "status": "active",
            "date": "2022-03-04T00:00:00Z",
            "datePublished": "2022-10-06T17:45:17+01:00",
            "value": {
                "amount": 180000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-00104851",
                    "name": "Mercer Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-05-01T00:00:00+01:00",
                "endDate": "2025-04-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/8f7dfb6d-54b8-4b3f-9aaf-c7ff8fb89faf",
                    "datePublished": "2022-10-06T17:45:17+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.",
                    "url": "https://www.mytenders.co.uk/search/show/search_view.aspx?ID=OCT165243"
                }
            ]
        }
    ]
}