Tender

Fiduciary Management Monitoring

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Tender

21 Feb 2018 at 17:45

Summary of the contracting process

The General Medical Council (GMC) is seeking bids for a tender titled "Fiduciary Management Monitoring", aimed at enhancing oversight of the fiduciary management services they have utilised since 2013. This procurement falls under the financial and insurance services industry category and is expected to take place in various regions across the United Kingdom, including Scotland, North West, Wales, Northern Ireland, and London. Currently in the active tender stage, submissions are open until 23rd March 2018, with the contract scheduled to commence on 1st May 2018 and concluding on 30th April 2021. The procurement method employed is an open procedure, encouraging a wide range of bidders to participate.

This opportunity presents significant prospects for firms specialising in financial services, investment consultancy, and portfolio management, as they can compete to provide independent evaluation of the GMC's fiduciary manager. Businesses well-suited to compete should have expertise in investment strategies, risk assessment, and performance evaluation. The GMC is particularly interested in robust proposals that can demonstrate a strong understanding of fiduciary responsibilities and the ability to execute independent assessments effectively.

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Notice Title

Fiduciary Management Monitoring

Notice Description

The Trustees have appointed a Fiduciary Manager. The trustees set the overall investment strategy (including the long term risk and return objectives) and then delegate investment decisions and day-to-day running of the portfolio to their fiduciary manager. The FM arrangement has been in place since 2013. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a2352ed0-bead-48dd-bfd4-f0620ef00c29
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d8aa0281-bf9d-4e1d-bbb6-8911023dda39
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
21 Feb 20188 years ago
Submission Deadline
23 Mar 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2018 - 30 Apr 2021 3-4 years
Recurrence
Not specified

Notice Status

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

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, TLL Wales, TLM Scotland, TLN Northern Ireland

Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Further Information

Notice Documents

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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