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HH052-23-HB Investment Manager Services - Endowment Fund

NHS Highland

This public procurement record has 2 releases in its history.

Award

02 Apr 2024 at 01:00

OJEU - F3 - Contract Award Notice
Tender

06 Oct 2023 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The procurement process for the HH052-23-HB Investment Manager Services for the Endowment Fund is led by NHS Highland, located in Inverness, UK. The tender, initiated in planning stage, involves the provision of investment services for NHS Highland and NHS Orkney Health Boards. The procurement method is selective, following a restricted procedure. The deadline for submissions was March 18, 2024, with a contract period from April 1, 2024, to March 31, 2028. The contract has been awarded to Adam & Company Wealth Management for an amount of GBP 188,000.

This tender for Investment Manager Services presents growth opportunities for businesses in the financial services sector, particularly those with expertise in endowment fund investments. Being a service-focused procurement, businesses with strong credentials in quality investment advisory services that align with responsible investment principles are well-suited to compete. The contract duration, renewal options, and the specified insurance requirements indicate a long-term partnership opportunity for qualified firms to contribute to the financial sustainability of the Health Boards.

How relevant is this notice?

Notice Information

Notice Title

HH052-23-HB Investment Manager Services - Endowment Fund

Notice Description

NHS Highland and NHS Orkney Health Boards require the provision of Investment Manager Services for their Endowment Funds.

Lot Information

Lot 1

It is anticipated that the scope of the services covered under the contract will include, - The provision of an Endowments Funds Investment Services for NHS Highland and NHS Orkney. - The provider shall make recommendations to the Endowment Fund Committees in relation to the most appropriate investment policies in order to achieve the Endowment Fund objectives. - The Provider shall take into account environmental, social, and governance factors into consideration when considering any investment within the Endowment Fund portfolios. - It is also expected that the Investment Manager is a signatory to the UN Principles for Responsible Investment (UNPRI) and the UK Stewardship Code in this regard. - The Health Boards require a single Investment Manager to implement the entire mandate

Renewal: Contract period is for two years with an option to extend for a further 24 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000745998
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502176
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£188,000 £100K-£500K
Lots Value
£188,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£188,000 £100K-£500K

Notice Dates

Publication Date
2 Apr 20242 years ago
Submission Deadline
31 Oct 2023Expired
Future Notice Date
Not specified
Award Date
18 Mar 20242 years ago
Contract Period
1 Apr 2024 - 31 Mar 2028 4-5 years
Recurrence
If contract isn't extended - 2026

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NHS Highland
Additional Buyers

NHS Orkney

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
INVERNESS
Postcode
IV2 3BW
Postcode Area
Inverness
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM6 Highlands and Islands
Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

Adam & Company Wealth Management

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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