--- title: "Scottish National Investment Bank - Investment Management System" ocid: "ocds-h6vhtk-0345da" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0345da" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0345da.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0345da.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "SCOTTISH NATIONAL INVESTMENT BANK" published: "2022-06-13" --- # Scottish National Investment Bank - Investment Management System Buyer: SCOTTISH NATIONAL INVESTMENT BANK Current stage: Tender OCID: ocds-h6vhtk-0345da [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0345da) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0345da.json) ## Summary The Scottish National Investment Bank is currently seeking tenders for an Investment Management System to support its growing portfolio management needs. This procurement process falls under the goods category, specifically focusing on investment management software packages. The tender is at the active planning stage and is set to close on 18th July 2022. Interested parties are encouraged to submit electronic responses via the designated platform. This initial contract period is planned for four years, with the potential for a 24-month extension based on satisfactory performance. This tender presents significant growth opportunities for businesses specialising in software development and investment management solutions, particularly those that can offer services such as fund administration and portfolio impact management. Companies with experience in developing scalable and secure software systems, especially in the financial services sector, will be well-suited to compete. Bidders must demonstrate robust financial capabilities, with a minimum average turnover requirement of £250,000 over the last two years, making this a viable opportunity for established firms looking to expand their portfolio in public sector contracts. ## Notice An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles. ### Lot Information Fund Administration Background and system purpose - The Scottish National Investment Bank (the "Bank") is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank's expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System's initial four-year contract period, with the investment count / AUM increasing smoothly over that period. The Bank's investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time. The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank's Impact, Portfolio Management, and Investment Operations teams. Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Salesforce and Access Financials are already in place for the Bank's CRM and corporate general ledger, respectively. SharePoint will be retained for core document management. The systems will need to be able to interface with each other as appropriate. Preference is for remote hosting / software as a service. The Bank has approximately 60 staff. The system will have an initial core user-base of approximately fifteen people (to 31 March 2023), with two / three of these requiring super-user rights. Licensing requirement is anticipated to increase to c. 30 users from 1 April 2023 and may rise to c. 50 users by 31 December 2024. Dependent on licensing the Bank may allow read-only / edit permissions to other members of the Bank extending to all staff as a maximum user base. System would need to have requisite data security, with the potential for different files / data to be locked or have limited availability. Potential bidders must refer to and answer all appropriate questions within the SPD document plus documents 3.1 Evaluation Guide Award Criteria Lot 1, plus document 4 Investment Management System Commercial requirements including the Lot one specifics and document 5 IMS specifications, also complete Document 6 Cyber Security Assessment and finally supply the appropriate financial information in document 7 Pricing Schedule. Renewal: A 24 month extension is possible following the initial 48 months and subject to satisfactory performance and mutual agreement on terms. Portfolio Management Background and system purpose The Scottish National Investment Bank (the "Bank") is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank's expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System's initial four-year contract period, with the investment count / AUM increasing smoothly over that period. The Bank's investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time. The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank's Impact, Portfolio Management, and Investment Operations teams. Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into two Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Salesforce and Access Financials are already in place for the Bank's CRM and corporate general ledger, respectively. SharePoint will be retained for core document management. The systems will need to be able to interface with each other as appropriate. Preference is for remote hosting / software as a service. The Bank has approximately 60 staff. The system will have an initial core user-base of approximately fifteen people (to 31 March 2023), with two / three of these requiring super-user rights. Licensing requirement is anticipated to increase to c. 30 users from 1 April 2023 and may rise to c. 50 users by 31 December 2024. Dependent on licensing the Bank may allow read-only / edit permissions to other members of the Bank extending to all staff as a maximum user base. System would need to have requisite data security, with the potential for different files / data to be locked or have limited availability. Bidders for lot two must read and answer the SPD document plus 3.2 IMS Evaluation Guide Award Criterion Lot 2, plus document 4 IMS Commercial and Non Functional Requirements plus the Lot 2 specific Portfolio and Impact Management System also document 5 IMS Specification and complete doc 6 Cyber security Assessment and finally complete document 7 Pricing Schedule. Renewal: An extension of 24 months is permissible subject to satisfactory performance over the initial 48 months and mutual agreement on terms of this extension. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/016181-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Goods | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Jun 2022 | | Submission deadline | 18 Jul 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Dependant upon an extension being issued in September 2026 or not, a fresh procurement exercise may be commenced in June 2026 or during 2028. | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | SCOTTISH NATIONAL INVESTMENT BANK | | Locality | EDINBURGH | | Post town | Edinburgh | | Postcode | EH1 3EG | | Country | Scotland | | ITL 1 | TLM Scotland | | ITL 2 | TLM1 East Central Scotland | | ITL 3 | TLM13 City of Edinburgh | | Local authority | City of Edinburgh | | Electoral ward | City Centre | | Westminster constituency | Edinburgh East and Musselburgh | | Delivery location | TLM75 City of Edinburgh | ## CPV Codes ### Divisions - 48 - Software package and information systems - 72 - IT services: consulting, software development, Internet and support ### Codes - 48411000 - Investment management software package - 72212411 - Investment management software development services ## Release History - 13 Jun 2022 at 15:19 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/016181-2022 ## Notice URLs - http://www.publiccontractsscotland.gov.uk - http://www.thebank.scot - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000695606 - https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=695606 - https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA30487 - https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0345da. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0345da.json.