Award

Investment Manager Services - AWARD

UNIVERSITY OF YORK

This public procurement record has 2 releases in its history.

AwardUpdate

30 May 2023 at 17:18

Award Notice
Award

30 May 2023 at 16:21

Award Notice
Summary of the contracting process

The University of York has recently awarded a contract for Investment Manager Services to abrdn Capital Limited. The procurement process aimed to secure FCA authorised firms for the provision of discretionary investment management services for an initial 5-year contract term valued at £200,000. The procurement method used was an open procedure, with the tender period closing on March 25, 2022. The contract period spans from November 14, 2022, to November 30, 2027. The University of York, based in Heslington, York, initiated this tender in the services category, providing opportunities for businesses to engage in investment and portfolio management services within the local region of Yorkshire and the Humber.

This contract awarded by the University of York presents a growth opportunity for businesses, particularly FCA authorised firms specialising in investment banking and portfolio management services. SMEs are considered suitable for participation in this tender, opening avenues for smaller enterprises to compete. The University's investment portfolio, currently valued at approximately £7.3m, requires services such as investment strategy advice, portfolio management, and account management. The awarded contract notice was published on May 30, 2023, highlighting the active status of the contract with abrdn Capital Limited. By engaging in this procurement process, businesses can establish long-term partnerships with the University of York and contribute to the management of its significant endowment assets.

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Notice Information

Notice Title

Investment Manager Services - AWARD

Notice Description

The University of York is pleased to invite tenders from FCA authorised firms for the provision of discretionary investment management services for an initial contract term of 5 years. The University's investment portfolio currently contains permanent endowment assets valued at approximately PS7.3m. The services we require as a minimum are: - Suitable investment strategy and allocation advice - Portfolio management and reporting - Account management and market insight Further details can be found in the invitation to tender documents.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c2295552-9048-45f4-99ed-7698dfc267ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9bf5196f-87d6-4b1b-acff-a1d4c41c40af
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

66120000 - Investment banking services and related services

66140000 - Portfolio management services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£206,966 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 May 20232 years ago
Submission Deadline
25 Mar 2022Expired
Future Notice Date
Not specified
Award Date
14 Nov 20223 years ago
Contract Period
14 Nov 2022 - 30 Nov 2027 Over 5 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
UNIVERSITY OF YORK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORTH YORKSHIRE
Postcode
YO10 5DD
Post Town
York
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE2 North Yorkshire
Small Region (ITL 3)
TLE21 York
Delivery Location
TLE Yorkshire and The Humber
Local Authority
York
Electoral Ward
Hull Road
Westminster Constituency
York Central

Supplier Information

Number of Suppliers
1
Supplier Name

ABRDN CAPITAL

Further Information

Notice Documents

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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