Active Multi Asset Investment Manager

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        "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, the Renfrew Common Good Fund (\"Common Good Funds\"), the Renfrewshire Educational Trust (\"Educational Trust\") and the Renfrewshire Council Insurance Fund (\"Insurance Fund\") each \"Fund\" or collectively known as the \" Combined Funds\".",
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                "title": "Active Multi Asset Investment Manager",
                "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, the Renfrew Common Good Fund (\"Common Good Funds\"), the Renfrewshire Educational Trust (\"Educational Trust\") and the Renfrewshire Council Insurance Fund (\"Insurance Fund\") each \"Fund\" or collectively known as the \" Combined Funds\".",
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                "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, the Renfrew Common Good Fund (\"Common Good Funds\"), the Renfrewshire Educational Trust (\"Educational Trust\") and the Renfrewshire Council Insurance Fund (\"Insurance Fund\") each \"Fund\" or collectively known as the \" Combined Funds\".",
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                "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, the Renfrew Common Good Fund (\"Common Good Funds\"), the Renfrewshire Educational Trust (\"Educational Trust\") and the Renfrewshire Council Insurance Fund (\"Insurance Fund\") each \"Fund\" or collectively known as the \" Combined Funds\". The Council intends to contract for a minimum period of three (3) years with the Council retaining the option to extend the contract for up to 12 months on two separate occasions. It is anticipated that the contract shall commence on 1st July 2019 to 30th June 2022 with the option of up to a two year extension. The actual dates will be confirmed in the Council's letter of acceptance.",
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                    "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 ESPD 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 ESPD 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 ESPD Submission in order that the Council may assess these to determine the suitability of the Tenderer to undertake a contract of this size. Where a consortium bid is received, the D&B Failure Score of each consortium member shall be assessed. The Council may undertake supplementary investigations to establish if the D&B failure score is a reflection of the current financial stability of the Tenderer; the outcome of such investigations will influence if a Tenderer is deemed to meet the minimum requirements to pass this bid selection stage in terms of their financial stability for the purposes of this contract. The Tenderer will be notified if supplementary investigations into the financial stability are being undertaken. Where the Tenderer intends to sub-contract more than 25% of any Contract value to a single sub-contractor, the Tenderer must provide a D&B comprehensive report on the sub-contractor. The Council reserves the right to request one copy of all sub-contractors last 2 financial years' audited accounts and details of significant changes since the last financial year end. The Council also reserves the right to reject the use of sub-contractors in relation to the Contract where they fail to meet the Council's minimum financial criteria of all sub-contractor last 2 financial years' audited accounts and details of significant changes since the last financial year end. 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 Statutory Third Party Motor Vehicle cover in accord with the provisions of the current Road Traffic Act 1988 (as amended) - Please provide a valid Motor Vehicle certificate in your company's name OR (where there is no fleet but rather you permit your employees to use their personal vehicles on the business of the company), please provide a letter signed by a person of appropriate authority confirming that the company has ongoing arrangements in place to ensure that their employees' vehicles are appropriately insured and maintained."
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                    "description": "Tenderers will be required to provide examples that demonstrate that they have the relevant experience to deliver these services as described in part 11.2.4 of the OJEU Contract Notice or the relevant section of the Contract Notice. Tenderers will be required to confirm whether they intend to subcontract, and if so, for what proportion of the contract.",
                    "minimum": "Presentations - After the evaluation of the technical submissions has taken place, qualifying tenderers (see below) will be required to undertake a presentation of their tender submission. All tenderers who obtain a score of 60% and above (out of the 80% available) will be invited to undertake a presentation of their tender submission. All tenderers who obtain a score of 59.99% and below (out of the 80% available) will be excluded from the Procurement Process, with the Pricing Schedule within their Tender Submission not being considered. The Council reserves the right to modify by reducing scores, based on the responses provided at the presentation. It is anticipated that the presentations will take place week commencing 4th February 2019"
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