Notice Information
Notice Title
Request for Proposal for Investment Management Service
Notice Description
Cranleigh Parish Council has recently carried out a review of its Investment Strategy. It has changed the terms to reflect a need to address the issues of poor yield from short notice, low risk investments. Inflation is eroding the value of reserves and forcing the Council into a position whereby it cannot meet its commitment to the achieve sustainable Yield, which forms one of the three core pillars of public finance: the others being Security and Liquidity. We are now seeking an investment management business who can help us manage the Council's capital to offset the effects of the rising inflation. Scope of Services The firm selected will be required to provide the following services: 1. Investment of Funds The firm must effectively invest the Cranleigh Parish Council's funds, providing discretionary investment management services, pursuant to the approved investment policy and cash flow needs. 2. Written and Oral Reports In line with regulatory requirements, the firm must provide a written report, as required, on a monthly basis demonstrating the portfolio performance and the current information about the portfolio, as described in the investment policy. The firm must also be available to make periodic oral reports to the Council. 3. Evaluation of Investment Policy The firm must annually assist in the review of the Cranleigh Parish Council's investment policy. The proposed changes to the investment policy will be presented in final draft form to the Cranleigh Parish Council Finance Committee prior to submission to the full Council. Proposal Requirements For the purposes of quoting for this service, it is important to know that the Parish Council has funds of circa PS500,000 across all categories of reserves, but currently invests PS200,000 of this on low interest-bearing deposit accounts. The Council will pursue a strategy to maximise the reserves in interest or capital growth-based instruments according to a the principles of a set of attached terms of reference. However for the purposes of this Request For Proposal, the Council's priorities are, in the following ranking order: (i) The security of capital to minimise the risk of losses. (ii) The liquidity of investments to meet the cash flow needs of the Council. (iii) Maximising income within the framework of the national economic situation. The Council will aim to achieve a high rate of return on investments commensurate with adequate safeguards of security and liquidity. The Department for Communities and Local Government maintains the borrowing of money purely to invest or to lend and make a return is unlawful and the Council will not engage in such activity. Finally the Parish Council seeks an ethical investment approach, ideally with a focus on sustainable investments. All proposals must be received by the Parish Council Clerk by 5.00pm on Friday 10 March 2023 by email to clerk@cranleigh-pc.gov.uk
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/219fc720-8fba-461a-9a72-0294f7388fa9
- 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 (above threshold)
- Tender Suitability
- SME
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66112000 - Deposit services
66120000 - Investment banking services and related services
66140000 - Portfolio management services
66151000 - Financial market operational services
66171000 - Financial consultancy services
Notice Value(s)
- Tender Value
- £5,000 Under £100K
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Jan 20233 years ago
- Submission Deadline
- 10 Mar 2023Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- 31 Mar 2023 - 18 May 2023 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
- CRANLEIGH PARISH COUNCIL
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- CRANLEIGH
- Postcode
- GU6 8AF
- Post Town
- Guildford
- Country
- England
-
- Major Region (ITL 1)
- TLJ South East (England)
- Basic Region (ITL 2)
- TLJ2 Surrey, East and West Sussex
- Small Region (ITL 3)
- TLJ25 West Surrey
- Delivery Location
- Not specified
-
- Local Authority
- Waverley
- Electoral Ward
- Cranleigh West
- Westminster Constituency
- Godalming and Ash
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/219fc720-8fba-461a-9a72-0294f7388fa9
23rd January 2023 - Opportunity notice on Contracts Finder -
https://www.contractsfinder.service.gov.uk/Notice/Attachment/5741b8f8-058a-4d55-b6e8-1b9060cf375d
Invitation to quote for Investment Management Services
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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-c1494e74-47d1-46a6-a935-cc6ad3ba9407-2023-01-23T15:12:14Z",
"date": "2023-01-23T15:12:14Z",
"ocid": "ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407",
"language": "en",
"initiationType": "tender",
"tender": {
"id": "RFP0123",
"title": "Request for Proposal for Investment Management Service",
"description": "Cranleigh Parish Council has recently carried out a review of its Investment Strategy. It has changed the terms to reflect a need to address the issues of poor yield from short notice, low risk investments. Inflation is eroding the value of reserves and forcing the Council into a position whereby it cannot meet its commitment to the achieve sustainable Yield, which forms one of the three core pillars of public finance: the others being Security and Liquidity. We are now seeking an investment management business who can help us manage the Council's capital to offset the effects of the rising inflation. Scope of Services The firm selected will be required to provide the following services: 1. Investment of Funds The firm must effectively invest the Cranleigh Parish Council's funds, providing discretionary investment management services, pursuant to the approved investment policy and cash flow needs. 2. Written and Oral Reports In line with regulatory requirements, the firm must provide a written report, as required, on a monthly basis demonstrating the portfolio performance and the current information about the portfolio, as described in the investment policy. The firm must also be available to make periodic oral reports to the Council. 3. Evaluation of Investment Policy The firm must annually assist in the review of the Cranleigh Parish Council's investment policy. The proposed changes to the investment policy will be presented in final draft form to the Cranleigh Parish Council Finance Committee prior to submission to the full Council. Proposal Requirements For the purposes of quoting for this service, it is important to know that the Parish Council has funds of circa PS500,000 across all categories of reserves, but currently invests PS200,000 of this on low interest-bearing deposit accounts. The Council will pursue a strategy to maximise the reserves in interest or capital growth-based instruments according to a the principles of a set of attached terms of reference. However for the purposes of this Request For Proposal, the Council's priorities are, in the following ranking order: (i) The security of capital to minimise the risk of losses. (ii) The liquidity of investments to meet the cash flow needs of the Council. (iii) Maximising income within the framework of the national economic situation. The Council will aim to achieve a high rate of return on investments commensurate with adequate safeguards of security and liquidity. The Department for Communities and Local Government maintains the borrowing of money purely to invest or to lend and make a return is unlawful and the Council will not engage in such activity. Finally the Parish Council seeks an ethical investment approach, ideally with a focus on sustainable investments. All proposals must be received by the Parish Council Clerk by 5.00pm on Friday 10 March 2023 by email to clerk@cranleigh-pc.gov.uk",
"datePublished": "2023-01-23T15:12:14Z",
"status": "active",
"classification": {
"scheme": "CPV",
"id": "66112000",
"description": "Deposit services"
},
"additionalClassifications": [
{
"scheme": "CPV",
"id": "66120000",
"description": "Investment banking services and related services"
},
{
"scheme": "CPV",
"id": "66140000",
"description": "Portfolio management services"
},
{
"scheme": "CPV",
"id": "66151000",
"description": "Financial market operational services"
},
{
"scheme": "CPV",
"id": "66171000",
"description": "Financial consultancy services"
}
],
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"postalCode": "GU6 8AF"
}
]
}
],
"minValue": {
"amount": 1000,
"currency": "GBP"
},
"value": {
"amount": 5000,
"currency": "GBP"
},
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure (above threshold)",
"tenderPeriod": {
"endDate": "2023-03-10T17:00:00Z"
},
"contractPeriod": {
"startDate": "2023-04-01T00:00:00+01:00",
"endDate": "2023-05-18T23:59:59+01:00"
},
"suitability": {
"sme": true,
"vcse": false
},
"mainProcurementCategory": "services",
"documents": [
{
"id": "1",
"documentType": "tenderNotice",
"description": "Opportunity notice on Contracts Finder",
"url": "https://www.contractsfinder.service.gov.uk/Notice/219fc720-8fba-461a-9a72-0294f7388fa9",
"datePublished": "2023-01-23T15:12:14Z",
"format": "text/html",
"language": "en"
},
{
"id": "2",
"documentType": "tenderNotice",
"description": "Invitation to quote for Investment Management Services",
"url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/5741b8f8-058a-4d55-b6e8-1b9060cf375d",
"format": "application/pdf"
},
{
"id": "3",
"documentType": "technicalSpecifications",
"description": "Investment Strategy",
"url": "http://cranleigh-pc.gov.uk/_UserFiles/Files/Policies and Other Documents/Investment Strategy 2022.pdf"
}
]
},
"parties": [
{
"id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/kFZh8Fmc",
"name": "Cranleigh Parish Council",
"identifier": {
"legalName": "Cranleigh Parish Council",
"scheme": "GB-SRS",
"id": "sid4gov.cabinetoffice.gov.uk/kFZh8Fmc"
},
"address": {
"streetAddress": "Council Office, Village Way",
"locality": "CRANLEIGH",
"postalCode": "GU68AF",
"countryName": "England"
},
"contactPoint": {
"name": "Beverley Bell",
"email": "clerk@cranleigh-pc.gov.uk",
"telephone": "01483 272311"
},
"details": {
"url": "http://www.cranleigh-pc.gov.uk"
},
"roles": [
"buyer"
]
}
],
"buyer": {
"id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/kFZh8Fmc",
"name": "Cranleigh Parish Council"
}
}