Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

PURCH2766 Provision of Passive Investment Manager

University of Glasgow

This public procurement record has 2 releases in its history.

Award

23 Oct 2026 at 15:54

Award Notice
Tender

23 Jul 2025 at 16:57

Tender Notice
Summary of the contracting process

The University of Glasgow procured passive investment management services: management of an investment portfolio using a passive approach. The work is associated with Glasgow. The award concerns the provision of a passive investment manager, rather than investment advice or a broad range of financial services. The University is the buyer, and the contract covers a single lot. This is a specialist institutional investment-management requirement, relevant to firms able to manage portfolios passively and meet the University’s governance, reporting and stewardship needs.

The procurement is complete and the contract has been awarded to Amundi Investment Solutions. The contract was signed on 11 September 2026 and is valued at £555,000. The planned contract period is up to five years: an initial 12-month term, with four optional 12-month extensions. The University used an open procedure. Seven bids were received for the single lot. Evaluation gave 80% weight to quality and interview criteria and 20% to price. Quality covered business management, team, investment process, risk management, quantitative and performance matters, investment approach, ESG risk management, stewardship, reporting and collaboration. The original submission deadline was 25 August 2025.

For a supplier competing for a similar University of Glasgow requirement, credibility depends on demonstrating an established passive investment-management capability and a strong, suitably experienced team. The evaluation placed particular emphasis on investment process, business management, team strength, risk management and evidence on quantitative methods and performance; these areas together accounted for much of the quality assessment. Firms would also need a clear investment approach, robust ESG risk management and stewardship, reliable reporting, and the ability to work collaboratively with the University. Financial standing and insurance were material entry requirements: bidders needed at least three years of accounts showing annual turnover of £500,000, public and employer’s liability cover of at least £5 million each, and professional indemnity cover of at least £10 million. The successful supplier was an SME, indicating a smaller firm was capable of securing the work.

How relevant is this notice?

Notice Information

Notice Title

PURCH2766 Provision of Passive Investment Manager

Notice Description

Award of PURCH2766 Provision of Passive Investment Manager

Lot Information

Lot 1

Award of PURCH2766 Provision of Passive Investment Manager For a maximum period of five years with an initial fixed period of 12 months with the option to extend for a further 4 x 12 months.

Renewal: Period of 12 months with an option to extend for 4 periods of 12 months each.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0564eb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/100685-2026
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66140000 - Portfolio management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£555,000 £500K-£1M

Notice Dates

Publication Date
23 Oct 20263 days ago
Submission Deadline
25 Aug 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Glasgow
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Amundi Investment Solutions

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...