Notice Information
Notice Title
Scottish National Investment Bank - Investment Management System
Notice Description
An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.
Lot Information
Fund Administration
Background and system purpose - The Scottish National Investment Bank (the "Bank") is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank's expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System's initial four-year contract period, with the investment count / AUM increasing smoothly over that period. The Bank's investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time. The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank's Impact, Portfolio Management, and Investment Operations teams. Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Preference is for remote hosting / software as a service.
Renewal: A 24 month extension is possible following the initial 48 months and subject to satisfactory performance and mutual agreement on terms.
Portfolio ManagementBackground and system purpose - The Scottish National Investment Bank (the "Bank") is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank's expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System's initial four-year contract period, with the investment count / AUM increasing smoothly over that period. The Bank's investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time. The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank's Impact, Portfolio Management, and Investment Operations teams. Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Preference is for remote hosting / software as a service.
Renewal: An extension of 24 months is permissible subject to satisfactory performance over the initial 48 months and mutual agreement on terms of this extension.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-r6ebe6-0000695606
- Publication Source
- Public Contracts Scotland
- Latest Notice
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC467739
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- OJEU - F3 - Contract Award Notice
- Procurement Type
- Standard
- Procurement Category
- Goods
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large, SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
48 - Software package and information systems
72 - IT services: consulting, software development, Internet and support
-
- CPV Codes
48411000 - Investment management software package
72212411 - Investment management software development services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £702,000 £500K-£1M
Notice Dates
- Publication Date
- 23 Dec 20223 years ago
- Submission Deadline
- 18 Jul 2022Expired
- Future Notice Date
- Not specified
- Award Date
- 14 Oct 20223 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Dependant upon an extension being issued in September 2026 or not, a fresh procurement exercise may be commenced in June 2026 or during 2028.
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Not Specified
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- SCOTTISH NATIONAL INVESTMENT BANK
- Contact Name
- Ken Moncrieff, Procurement
- Contact Email
- procurement@thebank.scot
- Contact Phone
- +44 7876546332
Buyer Location
- Locality
- EDINBURGH
- Postcode
- EH1 3EG
- Post Town
- 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
- City Centre
- Westminster Constituency
- Edinburgh East and Musselburgh
Further Information
Notice Documents
-
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=10
7th July 2022 - To aid bidders and in response to a question regarding example reports utilised, this is an example. -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=9
7th July 2022 - This document contains further guidance to help ensure bids submitted comply with requirements. -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=1
13th June 2022 - Invitation To Tender Covering Letter To Bidders -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=2
13th June 2022 - Evaluation Guide and Question Lot1 -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=3
13th June 2022 - Evaluation Guide and Question Lot2 -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=4
13th June 2022 - Commercial and non function requirements of Systems -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=5
13th June 2022 - IMS General Specification with Requirements and Guidance -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=6
13th June 2022 - Supplier to Complete Cyber Security Questionnaire -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=7
13th June 2022 - Bidder's Pricing To Be Submitted -
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=8
13th June 2022 - Single Procurement Document SPD For Completion -
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN451112
Scottish National Investment Bank - Investment Management System - An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles. -
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC467739
Scottish National Investment Bank - Investment Management System - An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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{
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{
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{
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{
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{
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},
{
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{
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{
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{
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}
]
}
}