Active Multi Asset Investment Manager

{
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    "id": "ocds-h6vhtk-044590-2024-10-07T14:58:49+01:00",
    "date": "2024-10-07T14:58:49+01:00",
    "ocid": "ocds-h6vhtk-044590",
    "description": "(SC Ref:779635)",
    "initiationType": "tender",
    "tender": {
        "id": "RC-CPU-23-222",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Active Multi Asset Investment Manager",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "mainProcurementCategory": "services",
        "description": "Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the \"Investment Manager\" or \" Service Provider\") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund (\"Common Good Funds\"), - the Renfrewshire Educational Trust (\"Educational Trust\") and - the Renfrewshire Council Insurance Fund (\"Insurance Fund\")",
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                            "name": "Cyber Security and Principles",
                            "type": "quality",
                            "description": "Pass/Fail"
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                        {
                            "name": "Team",
                            "type": "quality",
                            "description": "16"
                        },
                        {
                            "name": "Fund Management",
                            "type": "quality",
                            "description": "20"
                        },
                        {
                            "name": "Risk and Operational Management",
                            "type": "quality",
                            "description": "12"
                        },
                        {
                            "name": "Turnover",
                            "type": "quality",
                            "description": "3"
                        },
                        {
                            "name": "Performance Management",
                            "type": "quality",
                            "description": "8"
                        },
                        {
                            "name": "Relationship Management",
                            "type": "quality",
                            "description": "7"
                        },
                        {
                            "name": "Discretionary Agreement",
                            "type": "quality",
                            "description": "4"
                        },
                        {
                            "name": "Set Up",
                            "type": "quality",
                            "description": "2"
                        },
                        {
                            "name": "Community Benefits",
                            "type": "quality",
                            "description": "4"
                        },
                        {
                            "name": "Fair Work First",
                            "type": "quality",
                            "description": "4"
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                        {
                            "type": "price",
                            "description": "20"
                        }
                    ]
                },
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "The Contract has the option to extend for up to two (2) years. Any extension will be at the sole discretion of Renfrewshire Council, and dependent on satisfactory performance."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
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                "status": "cancelled"
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                        "region": "UKM83"
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                    "appliesTo": [
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                },
                {
                    "type": "economic",
                    "description": "Minimum level(s) of standards required: The Council will use a Dun & Bradstreet (D&B) Failure Score of 20 or above. It is recommended that Tenderer's review their own D&B Failure Score in advance of submitting their SPD Submission. If, following this review the Tenderer considers that the D&B Failure Score does not reflect their current financial status; the Tenderer should give an explanation within the SPD Submission, together with any relevant supporting independent evidence i.e. audited accounts. Where the Tenderer is under no obligation to publish accounts and therefore does not have a D&B Failure Score, they must provide their audited financial accounts for the previous 2 years as part of their SPD Submission in order that the Council may assess these to determine the suitability of the Tenderer to undertake a contract of this size. Insurances - Employers Liability - statutory 5 million GBP, each and every claim - Public Liability - minimum 5 million GBP, each and every claim - Professional Indemnity - 2 million GBP, each and every claim - Motor Vehicle ((where a motor vehicle is used in the delivery of the service, eg Contract Management meetings) Third party Motor Vehicle cover (statutory) to be evidenced with a MV certificate in the COMPANY name OR where there is no company fleet and employees use their own vehicles instead, a letter signed by a person of appropriate authority confirming that the provider has ongoing arrangements in place to ensure that employees' vehicles are appropriately insured and maintained for business purposes.",
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                    "type": "technical",
                    "description": "Tenderers will be required to provide examples that demonstrate that they have the relevant experience to deliver these services Tenderers will be required to confirm whether they intend to subcontract, and if so, for what proportion of the contract.",
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            "hasElectronicPayment": true
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        "procurementMethodDetails": "Open procedure",
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            "endDate": "2024-04-05T12:00:00+01:00"
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            "date": "2024-04-05T12:30:00+01:00",
            "description": "The tender will be opened in line with the Council's Standing Orders Relating to Contracts."
        },
        "hasRecurrence": false,
        "reviewDetails": "An economic operator that suffers or risks suffering, loss or damage attributable to breach of duty under the Public Contracts (Scotland) Regulations 2015 (SSI 2015/446, as amended) may bring proceedings in the Sheriff Court or the Court of Session in accordance with Regulation 88 of the 2015 Regulations."
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            "identifier": {
                "legalName": "Renfrewshire Council"
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                "streetAddress": "Renfrewshire House, Cotton Street",
                "locality": "Paisley",
                "region": "UKM83",
                "postalCode": "PA1 1JB",
                "countryName": "United Kingdom"
            },
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                "email": "shona.brydson@renfrewshire.gov.uk",
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            "details": {
                "url": "http://www.renfrewshire.gov.uk"
            }
        },
        {
            "id": "GB-FTS-126192",
            "name": "LGT Wealth Management",
            "identifier": {
                "legalName": "LGT Wealth Management"
            },
            "address": {
                "streetAddress": "One Lochrin Square",
                "locality": "Edinburgh",
                "region": "UKM75",
                "postalCode": "EH3 9QA",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 7590183454"
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        "name": "Renfrewshire Council"
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    ],
    "language": "en",
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        {
            "id": "032090-2024-RC-CPU-23-222 Active Multi Asset Investment Manager-1",
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            ],
            "status": "active",
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                "amount": 698610,
                "currency": "GBP"
            },
            "dateSigned": "2024-09-26T00:00:00+01:00"
        }
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