--- title: "Request for Proposal for Investment Management Service" ocid: "ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CRANLEIGH PARISH COUNCIL" published: "2023-01-23" --- # Request for Proposal for Investment Management Service Buyer: CRANLEIGH PARISH COUNCIL Current stage: Tender OCID: ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c1494e74-47d1-46a6-a935-cc6ad3ba9407.json) ## Summary The Cranleigh Parish Council has issued a Request for Proposal for Investment Management Service, aiming to address poor yield from short notice, low-risk investments. They seek an investment management business to help manage their capital to offset the effects of rising inflation. The deadline for proposals is 5.00 pm on Friday 10 March 2023. The tender falls under the services category and includes investment banking and financial consultancy services. The procurement method is an open procedure, with a tender period ending on 10 March 2023. This tender by the Cranleigh Parish Council presents an opportunity for investment management firms to provide services for managing the council's capital. Businesses well-suited to compete are those experienced in portfolio management and financial market operational services. Small and medium-sized enterprises (SMEs) are particularly suitable for this tender. The Council prioritizes the security of capital, liquidity of investments, and income maximization within the national economic framework. Additionally, an ethical investment approach focusing on sustainability is sought by the Council. ## Notice Cranleigh Parish Council has recently carried out a review of its Investment Strategy. It has changed the terms to reflect a need to address the issues of poor yield from short notice, low risk investments. Inflation is eroding the value of reserves and forcing the Council into a position whereby it cannot meet its commitment to the achieve sustainable Yield, which forms one of the three core pillars of public finance: the others being Security and Liquidity. We are now seeking an investment management business who can help us manage the Council's capital to offset the effects of the rising inflation. Scope of Services The firm selected will be required to provide the following services: 1. Investment of Funds The firm must effectively invest the Cranleigh Parish Council's funds, providing discretionary investment management services, pursuant to the approved investment policy and cash flow needs. 2. Written and Oral Reports In line with regulatory requirements, the firm must provide a written report, as required, on a monthly basis demonstrating the portfolio performance and the current information about the portfolio, as described in the investment policy. The firm must also be available to make periodic oral reports to the Council. 3. Evaluation of Investment Policy The firm must annually assist in the review of the Cranleigh Parish Council's investment policy. The proposed changes to the investment policy will be presented in final draft form to the Cranleigh Parish Council Finance Committee prior to submission to the full Council. Proposal Requirements For the purposes of quoting for this service, it is important to know that the Parish Council has funds of circa PS500,000 across all categories of reserves, but currently invests PS200,000 of this on low interest-bearing deposit accounts. The Council will pursue a strategy to maximise the reserves in interest or capital growth-based instruments according to a the principles of a set of attached terms of reference. However for the purposes of this Request For Proposal, the Council's priorities are, in the following ranking order: (i) The security of capital to minimise the risk of losses. (ii) The liquidity of investments to meet the cash flow needs of the Council. (iii) Maximising income within the framework of the national economic situation. The Council will aim to achieve a high rate of return on investments commensurate with adequate safeguards of security and liquidity. The Department for Communities and Local Government maintains the borrowing of money purely to invest or to lend and make a return is unlawful and the Council will not engage in such activity. Finally the Parish Council seeks an ethical investment approach, ideally with a focus on sustainable investments. All proposals must be received by the Parish Council Clerk by 5.00pm on Friday 10 March 2023 by email to clerk@cranleigh-pc.gov.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/219fc720-8fba-461a-9a72-0294f7388fa9 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Jan 2023 | | Submission deadline | 10 Mar 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2023 - 18 May 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £5,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | CRANLEIGH PARISH COUNCIL | | Locality | CRANLEIGH | | Post town | Guildford | | Postcode | GU6 8AF | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ2 Surrey, East and West Sussex | | ITL 3 | TLJ25 West Surrey | | Local authority | Waverley | | Electoral ward | Cranleigh West | | Westminster constituency | Godalming and Ash | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66112000 - Deposit services - 66120000 - Investment banking services and related services - 66140000 - Portfolio management services - 66151000 - Financial market operational services - 66171000 - Financial consultancy services ## Release History - 23 Jan 2023 at 15:12 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/219fc720-8fba-461a-9a72-0294f7388fa9 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/219fc720-8fba-461a-9a72-0294f7388fa9 23rd January 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/5741b8f8-058a-4d55-b6e8-1b9060cf375d Invitation to quote for Investment Management Services - http://cranleigh-pc.gov.uk/_UserFiles/Files/PoliciesandOtherDocuments/InvestmentStrategy2022.pdf Investment Strategy ## Notice URLs - http://cranleigh-pc.gov.uk/_UserFiles/Files/Policies - http://www.cranleigh-pc.gov.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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