Award

Fiduciary Management Monitoring

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

02 Nov 2018 at 17:45

Award Notice
Summary of the contracting process

The procurement process titled "Fiduciary Management Monitoring" was conducted by the General Medical Council (GMC), based in Manchester, England. This initiative falls within the financial and insurance services industry category and had a total contract value of £200,000. The tender was awarded on 16th August 2018, with the contract period running from 1st August 2018 to 31st July 2021. The procurement method was an open procedure, allowing for broad participation, although the tender process is now complete.

This contract presents significant opportunities for businesses specialising in fiduciary management and financial services. Companies that excel in providing independent evaluations and monitoring of investment strategies would be particularly well-suited to compete for similar future tenders. As the GMC has engaged a fiduciary manager since 2013, it indicates sustained demand for monitoring services, creating a favourable environment for growth in this sector.

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Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bfd33716-4239-4c96-8a85-5345cadef0c9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2b6c9cf7-020f-4c14-b2a5-a244444414e8
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£200,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Nov 20187 years ago
Submission Deadline
1 Jan 2018Expired
Future Notice Date
Not specified
Award Date
15 Aug 20187 years ago
Contract Period
31 Jul 2018 - 31 Jul 2021 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, 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

ERNST & YOUNG

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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