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PURCH2766 Provision of Passive Investment Manager

University of Glasgow

This public procurement record has 1 release in its history.

Tender

23 Jul 2025 at 16:57

Tender Notice
Summary of the contracting process

The University of Glasgow is engaging in a procurement process titled "PURCH2766 Provision of Passive Investment Manager," with the aim of securing portfolio management services under the CPV category 66140000. This initiative is situated within the service industry and is being conducted using an open procedure, specifically the Competitive Procedure with Negotiation (CPN). The process is active and submissions are accepted electronically via the Public Contracts Scotland system, with a deadline set for 25th August 2025 at 12:00 PM BST. The procurement stage currently stands at the tender phase, targeting a lot located in Glasgow (UKM82). Key dates for this tender include the opening and awarding of bids on the same day as the submission deadline.

This tender presents substantial business growth opportunities, particularly for firms capable of offering passive investment management with a focus on carbon reduction strategies. Companies within the financial services sector, especially those committed to sustainability and community benefits, are well-positioned to compete. The University places a significant emphasis on community benefits, such as offering employment and training opportunities for priority groups and working with SMEs and the third sector. The contract period spans 1,800 days and includes an option for renewal. With a requirement for robust public and professional liability insurance, as well as a minimum yearly turnover, this procurement could benefit businesses looking to expand their portfolio management expertise within academic institutions.

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Notice Information

Notice Title

PURCH2766 Provision of Passive Investment Manager

Notice Description

PURCH2766 Provision of Passive Investment Manager Tender documents available from Public Contracts Scotland. Tender returns should be submitted via Public Contracts Scotland, no paper copies will be accepted. Should paper tenders be submitted, they will be rejected. Further to this any questions or communications regarding individual tender exercises must be sent via the Public Contracts Scotland Portal. Tender queries received through any other channel will not be answered. Should users of Public Contracts Scotland have any problems with the web site they should contact website Support Desk, contact details can be found by following the 'Contact Us' option on the left hand menu at http://www.publiccontractsscotland.gov.uk/default.aspx

Lot Information

Lot 1

PURCH2766 Provision of Passive Investment Manager This procurement process is being conducted using the Competitive Procedure with Negotiation (CPN) in accordance with the requirements of Regulation 30 of the PC(S)R 2015. Although this procurement is being conducted under the Competitive Procedure with Negotiation (CPN), it is structured differently from a typical CPN process. This approach has been adopted to enhance the efficiency of evaluating supplier responses across both stages (SPD and ITT). The University is currently exploring the option to allocate a portion of its endowment funds to a segregated, passively managed equity strategy that explicitly targets net zero emissions by 2050. The investment mandate must be equity only with a passive approach, combined with a carbon reduction target. Please refer to the PURCH2766 - Investment Manager - Invitation to Tender Goods or Services document for additional information.

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/042521-2025
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
Tender Suitability
Not specified
Awardee Scale
Not specified

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
Not specified

Notice Dates

Publication Date
23 Jul 20251 years 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
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

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

Further Information

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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