Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

PURCH2766 Provision of Passive Investment Manager

University of Glasgow

This public procurement record has 2 releases in its history.

Award

23 Oct 2026 at 01:00

OJEU - F3 - Contract Award Notice
Tender

23 Jul 2025 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The University of Glasgow procured passive investment management services for its investment portfolio. The work is to be delivered in Glasgow. This is a specialist financial service, covering management of investments using a passive approach; the procurement was structured as one requirement rather than separate lots. The buyer is the University of Glasgow, an education institution. The awarded supplier, Amundi Investment Solutions, is based in London. The procurement’s stated purpose was to appoint a passive investment manager, with contract and supply-chain management performance measures and stakeholder feedback materials included in the tender package. The requirement is relevant to investment managers able to provide passive portfolio management services to a university client.

The procurement is complete and a contract has been awarded to Amundi Investment Solutions. The University used an open procedure. Seven bids were received, including four from small and medium-sized enterprises. The contract value is £555,000, and the contract is active; it was signed on 11 September 2026. The planned contract period is a maximum of five years, starting with a fixed 12-month period and allowing four further 12-month extensions. Bids were assessed on quality and price: the stated criteria allocate 10% to quality for business management and 20% to price. Suppliers were required to hold public liability and employers’ liability insurance of at least £5 million each, and professional indemnity cover of at least £10 million. They also needed three years of accounts showing annual turnover of at least £500,000.

For investment managers considering similar work for the University of Glasgow in future, this award demonstrates demand for passive investment management delivered through an open competition. A credible competitor would need a demonstrable track record managing investment portfolios passively, with robust business management and the ability to meet the University’s performance and stakeholder-management expectations. The selection requirements indicate that bidders must be able to evidence substantial insurance cover across public liability, employers’ liability and professional indemnity, alongside three years of accounts and annual turnover meeting the stated threshold. The competition attracted seven bids, including participation from SMEs, so the requirement was contestable by more than the largest providers. Firms whose financial standing, risk cover and service-management arrangements match these requirements are best placed to compete when this specific investment management service is next procured.

How relevant is this notice?

Notice Information

Notice Title

PURCH2766 Provision of Passive Investment Manager

Notice Description

Award of PURCH2766 Provision of Passive Investment Manager

Lot Information

Lot 1

Award of PURCH2766 Provision of Passive Investment Manager For a maximum period of five years with an initial fixed period of 12 months with the option to extend for a further 4 x 12 months.

Renewal: Period of 12 months with an option to extend for 4 periods of 12 months each.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000805162
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT567317
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66140000 - Portfolio management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£555,000 £500K-£1M

Notice Dates

Publication Date
23 Oct 20264 days ago
Submission Deadline
25 Aug 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
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
University of Glasgow
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Amundi Investment Solutions

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...