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Active Multi Asset Investment Manager

Renfrewshire Council

This public procurement record has 2 releases in its history.

Award

11 Jun 2019 at 01:00

OJEU - F3 - Contract Award Notice
Tender

20 Nov 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Renfrewshire Council is seeking to appoint an Active Multi Asset Investment Manager to manage various funds aimed at supporting community projects. This tender, initiated on the 11th of June 2019, falls under the services category and is currently in the Award stage. The contract is expected to commence on 1st July 2019 and will run for a minimum of three years, with potential extensions. Bids for this open tender can be submitted electronically, with a priority placed on quality and price during the selection process.

This project presents a significant opportunity for investment firms, especially those with experience managing assets for large charitable organisations or public entities. Businesses that focus on financial management and investment strategies tailored to community-driven projects will be particularly well-suited to compete for this contract. The successful bidder will not only gain access to the funds involved but also make a positive impact on the local community through the generated returns, thus enhancing their business profile and reputation.

How relevant is this notice?

Notice Information

Notice Title

Active Multi Asset Investment Manager

Notice 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".

Lot Information

Lot 1

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.

Renewal: The Contract has the option of up to a two (2) year extension period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000563997
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN356917
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£466,370 £100K-£500K

Notice Dates

Publication Date
11 Jun 20197 years ago
Submission Deadline
24 Dec 2018Expired
Future Notice Date
Not specified
Award Date
22 May 20197 years ago
Contract Period
Not specified - Not specified
Recurrence
Anticipated date of September 2021 however if the option to extend is utilised, the anticipated date for publishing a notice would be September 2023.

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Renfrewshire Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PAISLEY
Postcode
PA1 1JB
Postcode Area
Paisley
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire
Local Authority
Renfrewshire
Electoral Ward
Paisley East and Central
Westminster Constituency
Paisley and Renfrewshire South

Supplier Information

Number of Suppliers
1
Supplier Name

Aberdeen Standard Capital Limited

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV337942
    Active Multi Asset Investment Manager - 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".
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN356917
    Active Multi Asset Investment Manager - 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".

Open Contracting Data Standard (OCDS)

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