Investment Management Services

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                "description": "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.",
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                    "minimum": "Q4B2a - Bidders should provide their specific yearly turnover in investment management services for the most recent three years (as per filed accounts). Minimum required turnover per year = 1,000,000GBP Q4B5a - It is a requirement of this contract that Bidders hold, or can commit to obtain prior to the commencement of any subsequent award contract, the types and levels of insurance indicated below: Professional Risk Indemnity = 25,000,000 GBP"
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                    "minimum": "Q4C.1.2 Bidders are to provide details of the investment management services they offer. The response must demonstrate experience in the provision of investment management services for the charity sector; and Bidders are to include an example of an investment management approach/strategy for a charity sector client. The response must include information which will demonstrate typical performance returns achieved against industry recognised benchmarks. In addition, the response must provide information illustrating the financial strength of the Bidder's organisation. Q4D.1 Quality Assurance: The Bidder must hold a UKAS (or equivalent) accredited independant third party certificate of compliance in accordance with BS EN ISO 19001 (or equivalent). If no certification is available provide a documented policy regarding quality management. The policy must set out responsibilities for quality management demonstrating that the Bidder has, and continues to implement, a quality management policy that is authorised by their Chief Executive, or equivalent, which is periodically reviewed at a senior management level. The policy must be relevant to the nature and scale of the work to be undertaken and set out responsibilities for quality management throughout the organisation. Q4D.2 Environmental Management: The Bidder must hold a UKAS (or equivalent) accredited third party certificate of compliance with BS EN ISO14001 (or equivalent) or a valid EMAS (or equivalent) certificate. If no certification is available the Bidder is to provide their organisation's documented arrangements for checking, reviewing and where necessary improving, environmental management performance and their environmental impact, demonstrating that it has a system for monitoring environmental management procedures on an on-going basis and for updating them at periodic intervals."
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