Planning

PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS

SCOTTISH COURTS AND TRIBUNALS SERVICE

This public procurement record has 1 release in its history.

Planning

03 Aug 2023 at 00:00

OJEU - F1 - Prior Information Notice
Summary of the contracting process

The Scottish Courts and Tribunals Service, based in Edinburgh, UK, has issued a planning tender titled "PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 – INVESTMENTS" in the Justice industry category. The procurement stage is planning, with a deadline for completion and return of the PRIOR INFORMATION NOTICE (PIN) document set for 18/08/2023. A virtual pre-market engagement session is scheduled for 25/08/2023 at 2:00 PM.

This tender by the Scottish Courts and Tribunals Service presents an opportunity for Investment Management Companies with expertise in managing funds for minors aged under 16 in Scotland. Businesses well-versed in financial management principles and experienced in handling portfolios on behalf of minors would be suitable candidates to compete in this planned procurement process.

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Notice Information

Notice Title

PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS

Notice Description

We require the services of an Investment Management Company located in or able to operate in Scotland. The primary responsibility of the selected company will be the management and oversight of funds belonging to minors (children) under the age of 16. The funds generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to demonstrate expertise in effectively handling and growing these funds while adhering to legal and regulatory frameworks. They should possess a strong understanding of financial management principles and ideally have experience in handling portfolios on behalf of minors.

Lot Information

Lot 1

We require the services of an Investment Management Company located in or able to operate in Scotland. The primary responsibility of the selected company will be the management and oversight of funds belonging to minors (children) under the age of 16. The funds generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to demonstrate expertise in effectively handling and growing these funds while adhering to legal and regulatory frameworks. They should possess a strong understanding of financial management principles and ideally have experience in handling portfolios on behalf of minors.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000740666
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG485204
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
OJEU - F1 - Prior Information Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66140000 - Portfolio management services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Aug 20232 years ago
Submission Deadline
Not specified
Future Notice Date
4 Sep 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SCOTTISH COURTS AND TRIBUNALS SERVICE
Contact Name
Dheeraj Chawla
Contact Email
dchawla@scotcourts.gov.uk
Contact Phone
+44 1314443433

Buyer Location

Locality
EDINBURGH
Postcode
EH11 3XD
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
TLM Scotland
Local Authority
City of Edinburgh
Electoral Ward
Sighthill/Gorgie
Westminster Constituency
Edinburgh South West

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG485204&idx=1
    3rd August 2023 - PIN PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG485204
    PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS - We require the services of an Investment Management Company located in or able to operate in Scotland. The primary responsibility of the selected company will be the management and oversight of funds belonging to minors (children) under the age of 16. The funds generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to demonstrate expertise in effectively handling and growing these funds while adhering to legal and regulatory frameworks. They should possess a strong understanding of financial management principles and ideally have experience in handling portfolios on behalf of minors.

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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