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Investment Management Services

National Galleries of Scotland

This public procurement record has 2 releases in its history.

Award

11 Dec 2020 at 00:00

OJEU - F3 - Contract Award Notice
Tender

14 Oct 2019 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The National Galleries of Scotland, located in Edinburgh, is conducting a procurement process for Investment Management Services aimed at securing a professional investment manager for their portfolio. This tender is currently in the Award stage, following a Restricted Procedure with a total contract value of £178,560. The previous tender period closed on 15 November 2019, and the award was formally signed on 3 December 2020. The services desired cover both advisory and discretionary management for charitable organisations within the recreation, culture, and religion sector.

This procurement presents a significant opportunity for investment management firms, particularly those with expertise in managing funds for charitable organisations. Businesses that can demonstrate a strong track record in financial management, alongside the ability to meet the specific criteria outlined by the National Galleries of Scotland, will be well-positioned to compete for the contract. Successful bidders may also find avenues for collaboration and growth within the public sector by leveraging their experience within this framework.

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Notice Information

Notice Title

Investment Management Services

Notice Description

The Board of Trustees of the National Galleries of Scotland (NGS) (Scottish Charity Number SC003728) is seeking to procure the services of a professional investment manager to provide portfolio management services. These services may be on an advisory or discretionary basis.

Lot Information

Lot 1

The Board of Trustees of the National Galleries Scotland ('NGS') (Scottish Charity Number SC003728) is seeking to procure the services of a professional investment manager to provide portfolio management services. These services may be on an advisory or discretionary basis. Service Providers must have sufficient experience of managing funds for similar types of charitable organisations; and be able to demonstrate a proven track record in this field. Sufficient depth of relevant experience is crucial. Accurate, efficient and responsive operational support for the portfolio is essential. This procurement will be conducted through the use of the Restricted Procedure. The ESPD will be used as a downsizing tool in this procedure. It is the intention of NGS to shortlist to a maximum of 5 Service Providers but NGS reserves the right to invite in excess of this number of Service Providers in the event of a tie. Economic Operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015. The objective criteria for shortlisting candidates is detailed under section III of this Contract Notice.

Renewal: The contract will run by a period of 60 months with the option to extend the contract by a variable period not exceeding 24 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000599983
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC402055
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£178,560 £100K-£500K

Notice Dates

Publication Date
11 Dec 20205 years ago
Submission Deadline
15 Nov 2019Expired
Future Notice Date
Not specified
Award Date
3 Dec 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
2025 - 2027

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Galleries of Scotland
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH4 3DS
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
Inverleith
Westminster Constituency
Edinburgh West

Supplier Information

Number of Suppliers
1
Supplier Name

CCLA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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