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

Scottish Courts and Tribunals Service

This public procurement record has 2 releases in its history.

Award

08 Jan 2024 at 00:00

PCS Notice - Website Contract Award Notice
Tender

30 Oct 2023 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The Scottish Courts and Tribunals Service has completed the procurement process for the provision of an Investment Management Company for the management of funds for minors in the UK. The title of the tender is "PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 – INVESTMENTS". The procurement falls under the services category and was carried out through an open procedure. The location of the buying organisation is Saughton House, Broomhouse Drive, Edinburgh. Key details include a contract value of £250,000 GBP and the award date of January 8, 2024.

This tender presents an opportunity for businesses in the investment management sector or financial services industry to provide services for managing funds for minors. Companies with experience in handling investments for children under the age of 16, including inheritances, damages, and insurance-related funds, would be well-suited to compete. The procurement stage has advanced to the award phase, indicating a potential for growth for the winning supplier, Evelyn Partners, in managing and growing these funds while complying with legal and regulatory frameworks.

How relevant is this notice?

Notice Information

Notice Title

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

Notice Description

The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.

Lot Information

Lot 1

The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.

Renewal: The contract shall be for a period of 24 months with a SCTS only option to extend for up to a further 12 months followed by two subsequent 12 month extensions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000748823
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN495954
Current Stage
Award
All Stages
Tender, 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

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
£250,000 £100K-£500K

Notice Dates

Publication Date
8 Jan 20242 years ago
Submission Deadline
28 Nov 2023Expired
Future Notice Date
Not specified
Award Date
8 Jan 20242 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
Scottish Courts and Tribunals Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH11 3XD
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

Evelyn Partners

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT491533
    PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS - The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN495954
    PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS - The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.

Open Contracting Data Standard (OCDS)

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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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