Award

Investment Services - University of Aberdeen

UNIVERSITY OF ABERDEEN

This public procurement record has 2 releases in its history.

Award

17 Oct 2019 at 00:00

Tender

04 Feb 2019 at 00:00

Summary of the contracting process

The University of Aberdeen is seeking investment advice services for managing portfolios associated with its Endowment, Development Trust, and Northern College. This procurement falls under the category of services and is classified as an open tender, with a submission deadline that ended on 8th March 2019. The contract was awarded to Goldman Sachs International on 5th July 2019, with a total contract value of £700,000. The procurement process is now complete, and the service is expected to align with the university's strategic investment goals.

This tender presents significant opportunities for firms specialising in financial services, particularly those with expertise in investment management and strategy development. Businesses that can demonstrate a strong understanding of the education sector and possess the necessary credentials and experience in managing substantial investment portfolios will be well-suited to compete. Companies equipped to engage collaboratively with educational institutions and provide insightful financial reporting may find this tender aligns with their growth objectives.

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Notice Title

Investment Services - University of Aberdeen

Notice Description

AWARD NOTICE - The University of Aberdeen has appointed a Company to provide Investment Advice Services in the management of portfolios consisting of the University Endowment, The Development Trust and Northern College at the instruction of the University's Investment Committee.

Lot Information

Lot 1

AWARD NOTICE - The University of Aberdeen has appointed a Company to provide Investment Advice Services in the management of portfolios consisting of the University Endowment, The Development Trust and Northern College at the instruction of the University's Investment Committee. The successful bidder must be able to develop investment strategies, engage with external fund managers and produce reports and papers to stimulate debate amongst the Committee.

Renewal: 2 x optional extensions of one year each

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000572436
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT369563
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

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£700,000 £500K-£1M

Notice Dates

Publication Date
17 Oct 20196 years ago
Submission Deadline
8 Mar 2019Expired
Future Notice Date
Not specified
Award Date
5 Jul 20196 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF ABERDEEN
Contact Name
Not specified
Contact Email
e-sourcing@abdn.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
ABERDEEN
Postcode
AB24 3FX
Post Town
Aberdeen
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM5 North Eastern Scotland
Small Region (ITL 3)
TLM50 Aberdeen City and Aberdeenshire
Delivery Location
TLM50 Aberdeen City and Aberdeenshire

Local Authority
Aberdeen City
Electoral Ward
Tillydrone/Seaton/Old Aberdeen
Westminster Constituency
Aberdeen North

Supplier Information

Number of Suppliers
1
Supplier Name

GOLDMAN SACHS INTERNATIONAL

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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