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SPF Investment Consultancy Services - Strategy and Structure

Glasgow City Council

This public procurement record has 1 release in its history.

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24 Jun 2021 at 01:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

The Glasgow City Council has recently awarded a contract titled "SPF Investment Consultancy Services - Strategy and Structure," which focuses on providing investment consultancy services for the Strathclyde Pension Fund. The procurement process was conducted using an open method and is now in the award stage, with the contract officially signed on 15th June 2021. The contract is valued at £350,000 and relates to general public services within the financial services industry. The services are to be delivered in Glasgow, and relevant stakeholders involved include Hymans Robertson LLP as the awarded supplier and Glasgow Sheriff Court and Justice of the Peace Court as the review body.

This contract presents significant opportunities for businesses specialising in investment consultancy, particularly those adept in setting investment objectives, strategy formulation, and performance monitoring. Firms that offer expertise in investment management structures and asset class analysis are well-positioned to compete in future tenders of a similar nature. With a completed bidding process indicating two competitors, there is a potential for increased participation from firms looking to establish a foothold in public procurement linked to local government contracts.

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Notice Information

Notice Title

SPF Investment Consultancy Services - Strategy and Structure

Notice Description

To provide Investment Consultancy Services to Strathclyde Pension Fund including advice on setting investment objectives and strategy

Lot Information

Lot 1

Strathclyde Pension Fund (SPF) is seeking investment consultancy services - strategy and structure. Services include, but are not limited to; Advice on setting investment objectives and strategy, Advice on appropriate investment management structures, Advice on appropriate asset classes and investment vehicles, Assistance with monitoring and provide benchmark advice.

Options: The council reserves the right to source additional related services from the awarded supplier if required

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000650737
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN419253
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website 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

66131100 - Pension investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£350,000 £100K-£500K

Notice Dates

Publication Date
24 Jun 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
15 Jun 20215 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Glasgow City 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
GLASGOW
Postcode
G2 1DU
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

Hymans Robertson LLP

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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