Award

Appointment of Investment Advisor Endowment Funds

NHS AYRSHIRE & ARRAN

This public procurement record has 2 releases in its history.

Award

25 Apr 2019 at 00:00

Tender

24 Dec 2018 at 00:00

Summary of the contracting process

NHS Ayrshire & Arran is seeking tenders for the Appointment of an Investment Advisor to manage their Endowment Funds Investment Portfolio, in accordance with the Trustees Investments Act. This procurement is classified under the services category and is located in Ayr, UK. The tender procedure is currently complete, with the contract awarded on 25th March 2019 for a total value of £207,360. Businesses interested in this procurement should note that the selection criteria require the appointed consultant to be a member of the London Stock Exchange and regulated by the Financial Services Authority.

This tender presents a significant opportunity for investment management firms, particularly those with expertise in charitable funds and regulatory compliance. Companies with a strong background in finance and investment advisory services, especially those meeting the criteria for membership in the London Stock Exchange, would be well-positioned to compete. Engaging with the NHS could enhance a firm's visibility in the public sector and allow for growth through long-term contracts, given the nature of the investment portfolio's management.

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Notice Title

Appointment of Investment Advisor Endowment Funds

Notice Description

NHS Ayrshire and Arran are seeking Tenders for the Appointment of an Investment Advisor to manage their Endowment Funds Investment Portfolio in line with the Trustees Investments Act. The fund has charitable status and is exempt from Income and Capital Gains Tax. To ensure that the portfolio performs to its maximum potential, the appointed Investment Consultant must be a member of the London Stock Exchange and be regulated by the Financial Services Authority.

Lot Information

Lot 1

Appointment of Investment Advisor Endowment Funds

Renewal: Maximum of 2 x 12 month extensions

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000568701
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR352626
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

66120000 - Investment banking services and related services

66150000 - Financial markets administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£207,360 £100K-£500K

Notice Dates

Publication Date
25 Apr 20196 years ago
Submission Deadline
30 Jan 2019Expired
Future Notice Date
Not specified
Award Date
25 Mar 20196 years ago
Contract Period
Not specified - Not specified
Recurrence
3 to 5 years depending on extensions

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NHS AYRSHIRE & ARRAN
Contact Name
Elaine McCabe
Contact Email
elaine.mccabe@aapct.scot.nhs.uk
Contact Phone
+44 1294323596

Buyer Location

Locality
AYR
Postcode
KA6 6AB
Post Town
Kilmarnock
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM94 South Ayrshire
Delivery Location
TLM94 South Ayrshire

Local Authority
South Ayrshire
Electoral Ward
Maybole, North Carrick and Coylton
Westminster Constituency
Ayr, Carrick and Cumnock

Supplier Information

Number of Suppliers
1
Supplier Name

EDENTREE INVESTMENT MANAGEMENT

Further Information

Notice Documents

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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