Award

Fiduciary Management

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

28 Oct 2022 at 16:45

Summary of the contracting process

The General Medical Council (GMC) has awarded a contract for Fiduciary Management services through an open procedure. The contract, valued at £283,000 GBP, covers various regions in the United Kingdom. The procurement stage is complete, with the contract period running from August 1st, 2022 to July 31st, 2025.

This tender presents an opportunity for businesses in the banking and investment services industry to provide third-party evaluation services for the Fiduciary Manager appointed by GMC. Small and medium enterprises (SMEs) in particular could benefit from competing for this contract, given its open procurement method and the suitability for SMEs indicated in the tender details.

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Notice Title

Fiduciary Management

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 2014. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b07a7f6e-11f0-4b4a-8d95-75bcdebb0a74
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/388ff113-c61c-4f2b-b20e-3aefbcd03214
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
£283,000 £100K-£500K
Lots Value
Not specified
Awards Value
£283,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Oct 20223 years ago
Submission Deadline
15 Jun 2022Expired
Future Notice Date
Not specified
Award Date
27 Jul 20223 years ago
Contract Period
31 Jul 2022 - 31 Jul 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Not specified
Contact Email
gmctenders@gmc-uk.org
Contact Phone
+44 1619236340

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

Supplier Information

Number of Suppliers
1
Supplier Name

XPS PENSIONS GROUP

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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