Award

Investment Manager

ABERTAY UNIVERSITY

This public procurement record has 2 releases in its history.

Summary of the contracting process

Abertay University in Dundee has completed the procurement process to appoint an experienced Investment Manager for its investment portfolio worth £12.5 million. This contract, categorised under financial services (CPV code 66100000 and 66120000), was awarded to UBS AG following an open procedure. The procurement process began in January 2025, with key dates including a submission deadline on 17th February 2025 and the contract signed on 27th March 2025. The contract is aligned with the University's long-term financial strategy, risk tolerance, and ethical values, and it also includes compliance with relevant regulatory frameworks and the delivery of sustainable, responsible, and profitable investment outcomes.

This tender offers substantial opportunities for businesses in the financial services industry, particularly those experienced in investment management. With a significant portfolio value at stake, large and experienced firms are well-suited to compete, as demonstrated by the awarding of the contract to UBS AG. Firms looking to engage in similar procurement opportunities and expand their service offerings in managing substantial portfolios in alignment with stringent financial and ethical standards could greatly benefit from participating in such tenders conducted by prestigious institutions like Abertay University.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Investment Manager

Notice Description

The University is seeking to appoint an experienced Investment Manager to manage its investment portfolio of GBP12.5 million, ensuring alignment with the University's long-term financial strategy, risk tolerance, and ethical values.

Lot Information

Lot 1

The University is seeking to appoint an experienced Investment Manager to manage its investment portfolio. The successful Investment Manager will be responsible for managing an investment portfolio of GBP12.5 million, ensuring alignment with the University's long-term financial strategy, risk tolerance, and ethical values. The appointed manager will also be expected to maintain compliance with relevant regulatory frameworks and deliver sustainable, responsible, and profitable investment outcomes.

Renewal: option of extending the contract for a further period (or periods) of up to 5 years after the expiry of the term.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000786952
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR527127
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

66100000 - Banking and investment services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£160,000 £100K-£500K
Lots Value
£160,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 202510 months ago
Submission Deadline
17 Feb 2025Expired
Future Notice Date
Not specified
Award Date
27 Mar 202511 months ago
Contract Period
Not specified - Not specified
Recurrence
Depending on whether the extension option is offered. If no extension period, the opportunity will be advertised September 2029, if the extension is offered, it would be difficult to state a date as the extension period could be anything up to a further 5 years.

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ABERTAY UNIVERSITY
Contact Name
Procurement Team
Contact Email
procurement@abertay.ac.uk
Contact Phone
+44 1382308995

Buyer Location

Locality
DUNDEE
Postcode
DD1 1HG
Post Town
Dundee
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM03 Angus and Dundee City
Delivery Location
TLM71 Angus and Dundee City

Local Authority
Dundee City
Electoral Ward
Maryfield
Westminster Constituency
Dundee Central

Supplier Information

Number of Suppliers
1
Supplier Name

UBS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-r6ebe6-0000786952-2025-03-31T00:00:00Z",
    "date": "2025-03-31T00:00:00Z",
    "ocid": "ocds-r6ebe6-0000786952",
    "initiationType": "tender",
    "parties": [
        {
            "id": "org-85",
            "name": "Abertay University",
            "identifier": {
                "legalName": "Abertay University"
            },
            "address": {
                "streetAddress": "Bell Street",
                "locality": "Dundee",
                "region": "UK",
                "postalCode": "DD1 1HG"
            },
            "contactPoint": {
                "name": "Procurement Team",
                "email": "procurement@abertay.ac.uk",
                "telephone": "+44 1382308995",
                "url": "http://www.publictendersscotland.publiccontractsscotland.gov.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "09",
                        "description": "Education",
                        "scheme": "COFOG"
                    }
                ],
                "url": "http://www.abertay.ac.uk"
            }
        },
        {
            "id": "org-44",
            "name": "Dundee Sherriff Court",
            "identifier": {
                "legalName": "Dundee Sherriff Court"
            },
            "address": {
                "streetAddress": "6 West Bell Street",
                "locality": "Dundee",
                "postalCode": "DD1 9AD"
            },
            "contactPoint": {
                "url": "http://"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "org-41",
            "name": "Abertay University",
            "identifier": {
                "legalName": "Abertay University"
            },
            "address": {
                "streetAddress": "Bell Street",
                "locality": "Dundee",
                "region": "UK",
                "postalCode": "DD1 1HG"
            },
            "contactPoint": {
                "name": "Procurement Team",
                "email": "procurement@abertay.ac.uk",
                "telephone": "+44 1382308995",
                "url": "http://"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "09",
                        "description": "Education",
                        "scheme": "COFOG"
                    }
                ],
                "url": "http://www.abertay.ac.uk"
            }
        },
        {
            "id": "org-42",
            "name": "UBS AG",
            "identifier": {
                "legalName": "UBS AG"
            },
            "address": {
                "streetAddress": "5 Broadgate",
                "locality": "London",
                "region": "UKM75",
                "postalCode": "EC2M 2AN"
            },
            "contactPoint": {
                "telephone": "+44 2075670284"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large",
                "url": "http://"
            }
        },
        {
            "id": "org-43",
            "name": "Dundee Sherriff Court",
            "identifier": {
                "legalName": "Dundee Sherriff Court"
            },
            "address": {
                "streetAddress": "6 West Bell Street",
                "locality": "Dundee",
                "postalCode": "DD1 9AD"
            },
            "contactPoint": {
                "url": "http://"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "name": "Abertay University",
        "id": "org-41"
    },
    "tender": {
        "id": "066-AU-PRO-2425",
        "title": "Investment Manager",
        "description": "The University is seeking to appoint an experienced Investment Manager to manage its investment portfolio of GBP12.5 million, ensuring alignment with the University's long-term financial strategy, risk tolerance, and ethical values.",
        "status": "complete",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "id": "66100000",
                        "scheme": "CPV"
                    },
                    {
                        "id": "66120000",
                        "scheme": "CPV"
                    }
                ],
                "deliveryLocation": {
                    "description": "Dundee City"
                },
                "deliveryAddresses": [
                    {
                        "region": "UKM71"
                    },
                    {
                        "region": "UKM71"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "value": {
            "amount": 160000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "mainProcurementCategory": "services",
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "http://www.publictendersscotland.publiccontractsscotland.gov.uk",
        "tenderPeriod": {
            "endDate": "2025-02-17T12:00:00Z"
        },
        "awardPeriod": {
            "startDate": "2025-02-17T12:30:00Z"
        },
        "documents": [
            {
                "id": "JAN521968",
                "documentType": "contractNotice",
                "title": "Investment Manager",
                "description": "The University is seeking to appoint an experienced Investment Manager to manage its investment portfolio of GBP12.5 million, ensuring alignment with the University's long-term financial strategy, risk tolerance, and ethical values.",
                "url": "https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN521968",
                "format": "text/html"
            },
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            },
            {
                "id": "MAR527127",
                "documentType": "awardNotice",
                "title": "Investment Manager",
                "description": "The University is seeking to appoint an experienced Investment Manager to manage its investment portfolio of GBP12.5 million, ensuring alignment with the University's long-term financial strategy, risk tolerance, and ethical values.",
                "url": "https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR527127",
                "format": "text/html"
            }
        ],
        "lots": [
            {
                "id": "1",
                "description": "The University is seeking to appoint an experienced Investment Manager to manage its investment portfolio. The successful Investment Manager will be responsible for managing an investment portfolio of GBP12.5 million, ensuring alignment with the University's long-term financial strategy, risk tolerance, and ethical values. The appointed manager will also be expected to maintain compliance with relevant regulatory frameworks and deliver sustainable, responsible, and profitable investment outcomes.",
                "status": "complete",
                "value": {
                    "amount": 160000,
                    "currency": "GBP"
                },
                "hasOptions": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "contractPeriod": {
                    "durationInDays": 1800
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "option of extending the contract for a further period (or periods) of up to 5 years after the expiry of the term."
                }
            }
        ],
        "bidOpening": {
            "date": "2025-02-17T12:30:00Z",
            "address": {
                "streetAddress": "Abertay University"
            }
        },
        "contractTerms": {
            "hasElectronicPayment": true,
            "hasElectronicOrdering": true,
            "electronicInvoicingPolicy": "allowed"
        },
        "coveredBy": [
            "GPA"
        ],
        "otherRequirements": {
            "requiresStaffNamesAndQualifications": true
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "endDate": "2025-05-19T00:00:00Z"
            }
        },
        "classification": {
            "id": "66100000",
            "scheme": "CPV"
        },
        "hasRecurrence": true,
        "recurrence": {
            "description": "Depending on whether the extension option is offered. If no extension period, the opportunity will be advertised September 2029, if the extension is offered, it would be difficult to state a date as the extension period could be anything up to a further 5 years."
        }
    },
    "language": "EN",
    "description": "The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is project_28319. For more information see: https://www.publictendersscotland.publiccontractsscotland.gov.uk/ (SC Ref:794769)",
    "links": [
        {
            "rel": "canonical",
            "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000786952"
        },
        {
            "rel": "canonical",
            "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000786952"
        }
    ],
    "noticetype": "PCS Notice - Website Contract Award Notice",
    "awards": [
        {
            "id": "066-AU-PRO-2425",
            "suppliers": [
                {
                    "id": "org-42",
                    "name": "UBS AG"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "066-AU-PRO-2425",
            "awardID": "066-AU-PRO-2425",
            "status": "active",
            "dateSigned": "2025-03-27T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "71",
                "measure": "bids",
                "value": 12,
                "relatedLot": "1"
            },
            {
                "id": "72",
                "measure": "smeBids",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "73",
                "measure": "foreignBidsFromEU",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "74",
                "measure": "foreignBidsFromNonEU",
                "value": 12,
                "relatedLot": "1"
            },
            {
                "id": "75",
                "measure": "electronicBids",
                "value": 12,
                "relatedLot": "1"
            },
            {
                "id": "76",
                "measure": "lowestValidBidValue",
                "value": 37500,
                "relatedLot": "1"
            },
            {
                "id": "77",
                "measure": "highestValidBidValue",
                "value": 105500,
                "relatedLot": "1"
            }
        ]
    }
}