--- title: "PURCH2766 Provision of Passive Investment Manager" ocid: "ocds-h6vhtk-0564eb" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0564eb" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0564eb.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0564eb.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "UNIVERSITY OF GLASGOW" published: "2025-07-23" --- # PURCH2766 Provision of Passive Investment Manager Buyer: UNIVERSITY OF GLASGOW Current stage: Tender OCID: ocds-h6vhtk-0564eb [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0564eb) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0564eb.json) ## Summary The University of Glasgow is engaging in a procurement process titled "PURCH2766 Provision of Passive Investment Manager," with the aim of securing portfolio management services under the CPV category 66140000. This initiative is situated within the service industry and is being conducted using an open procedure, specifically the Competitive Procedure with Negotiation (CPN). The process is active and submissions are accepted electronically via the Public Contracts Scotland system, with a deadline set for 25th August 2025 at 12:00 PM BST. The procurement stage currently stands at the tender phase, targeting a lot located in Glasgow (UKM82). Key dates for this tender include the opening and awarding of bids on the same day as the submission deadline. This tender presents substantial business growth opportunities, particularly for firms capable of offering passive investment management with a focus on carbon reduction strategies. Companies within the financial services sector, especially those committed to sustainability and community benefits, are well-positioned to compete. The University places a significant emphasis on community benefits, such as offering employment and training opportunities for priority groups and working with SMEs and the third sector. The contract period spans 1,800 days and includes an option for renewal. With a requirement for robust public and professional liability insurance, as well as a minimum yearly turnover, this procurement could benefit businesses looking to expand their portfolio management expertise within academic institutions. ## Notice PURCH2766 Provision of Passive Investment Manager Tender documents available from Public Contracts Scotland. Tender returns should be submitted via Public Contracts Scotland, no paper copies will be accepted. Should paper tenders be submitted, they will be rejected. Further to this any questions or communications regarding individual tender exercises must be sent via the Public Contracts Scotland Portal. Tender queries received through any other channel will not be answered. Should users of Public Contracts Scotland have any problems with the web site they should contact website Support Desk, contact details can be found by following the 'Contact Us' option on the left hand menu at http://www.publiccontractsscotland.gov.uk/default.aspx ### Lot Information Lot 1 PURCH2766 Provision of Passive Investment Manager This procurement process is being conducted using the Competitive Procedure with Negotiation (CPN) in accordance with the requirements of Regulation 30 of the PC(S)R 2015. Although this procurement is being conducted under the Competitive Procedure with Negotiation (CPN), it is structured differently from a typical CPN process. This approach has been adopted to enhance the efficiency of evaluating supplier responses across both stages (SPD and ITT). The University is currently exploring the option to allocate a portion of its endowment funds to a segregated, passively managed equity strategy that explicitly targets net zero emissions by 2050. The investment mandate must be equity only with a passive approach, combined with a carbon reduction target. Please refer to the PURCH2766 - Investment Manager - Invitation to Tender Goods or Services document for additional information. Renewal: Period of 12 months with an option to extend for 4 periods of 12 months each. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/042521-2025 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Jul 2025 | | Submission deadline | 25 Aug 2025 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## 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 | UNIVERSITY OF GLASGOW | | Locality | GLASGOW | | Post town | Glasgow | | Postcode | G12 8QQ | | Country | Scotland | | ITL 1 | TLM Scotland | | ITL 2 | TLM3 West Central Scotland | | ITL 3 | TLM32 Glasgow City | | Local authority | Glasgow City | | Electoral ward | Hillhead | | Westminster constituency | Glasgow North | | Delivery location | TLM82 Glasgow City | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66140000 - Portfolio management services ## Release History - 23 Jul 2025 at 15:57 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/042521-2025 ## Notice URLs - http://www.gla.ac.uk/ - http://www.publiccontractsscotland.gov.uk/default.aspx - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000805162 - https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/ - https://www.publiccontractsscotland.gov.uk/ - https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=805162 - https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00108 - 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-0564eb. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0564eb.json.