This public procurement record has 3 releases in its history.

Award

02 Apr 2024 at 09:28

Tender

06 Oct 2023 at 09:04

Planning

25 Sep 2023 at 12:41

Summary of the contracting process

NHS Highland and NHS Orkney Health Boards have completed the procurement process for Investment Manager Services for their Endowment Funds. The procurement method used was a selective process, with the contracting authority being NHS Highland. The title of the tender was "HH052-23-HB Investment Manager Services – Endowment Fund", falling under the services industry category. The selected supplier is Adam & Company Wealth Management, and the contract was signed on 18th March 2024, with a total value of £188,000 GBP.

This tender presents an opportunity for businesses providing investment banking services to engage with public procurement. The procurement stage has been completed, and the contract has been awarded to a large-scale supplier. Companies adept in providing Investment Manager Services aligned with responsible investment principles would be well-suited to compete in similar future tender processes within the healthcare industry located in the UKM6 region.

How relevant is this notice?

Notice Title

HH052-23-HB Investment Manager Services - Endowment Fund

Notice Description

NHS Highland and NHS Orkney Health Boards require the provision of Investment Manager Services for their Endowment Funds.

Lot Information

Lot 1

It is anticipated that the scope of the services covered under the contract will include, - The provision of an Endowments Funds Investment Services for NHS Highland and NHS Orkney. - The provider shall make recommendations to the Endowment Fund Committees in relation to the most appropriate investment policies in order to achieve the Endowment Fund objectives. - The Provider shall take into account environmental, social, and governance factors into consideration when considering any investment within the Endowment Fund portfolios. - It is also expected that the Investment Manager is a signatory to the UN Principles for Responsible Investment (UNPRI) and the UK Stewardship Code in this regard. - The Health Boards require a single Investment Manager to implement the entire mandate

Renewal: Contract period is for two years with an option to extend for a further 24 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04035a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010498-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£188,000 £100K-£500K
Lots Value
£188,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£188,000 £100K-£500K

Notice Dates

Publication Date
2 Apr 20242 years ago
Submission Deadline
31 Oct 2023Expired
Future Notice Date
13 Nov 2023Expired
Award Date
18 Mar 20242 years ago
Contract Period
1 Apr 2024 - 31 Mar 2028 4-5 years
Recurrence
If contract isn't extended - 2026

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NHS Highland
Additional Buyers

NHS Orkney

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
INVERNESS
Postcode
IV2 3BW
Postcode Area
Inverness
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM6 Highlands and Islands

Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

Adam & Company Wealth Management

Open Contracting Data Standard (OCDS)

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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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