--- title: "Investment Management Services" ocid: "ocds-r6ebe6-0000599983" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000599983" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000599983.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000599983.json" source: "Public Contracts Scotland" current_stage: "Award" buyer: "NATIONAL GALLERIES OF SCOTLAND" published: "2020-12-11" --- # Investment Management Services Buyer: NATIONAL GALLERIES OF SCOTLAND Current stage: Award OCID: ocds-r6ebe6-0000599983 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000599983) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000599983.json) ## Summary The National Galleries of Scotland, located in Edinburgh, is conducting a procurement process for Investment Management Services aimed at securing a professional investment manager for their portfolio. This tender is currently in the Award stage, following a Restricted Procedure with a total contract value of £178,560. The previous tender period closed on 15 November 2019, and the award was formally signed on 3 December 2020. The services desired cover both advisory and discretionary management for charitable organisations within the recreation, culture, and religion sector. This procurement presents a significant opportunity for investment management firms, particularly those with expertise in managing funds for charitable organisations. Businesses that can demonstrate a strong track record in financial management, alongside the ability to meet the specific criteria outlined by the National Galleries of Scotland, will be well-positioned to compete for the contract. Successful bidders may also find avenues for collaboration and growth within the public sector by leveraging their experience within this framework. ## Notice The Board of Trustees of the National Galleries of Scotland (NGS) (Scottish Charity Number SC003728) is seeking to procure the services of a professional investment manager to provide portfolio management services. These services may be on an advisory or discretionary basis. ### Lot Information Lot 1 The Board of Trustees of the National Galleries Scotland ('NGS') (Scottish Charity Number SC003728) is seeking to procure the services of a professional investment manager to provide portfolio management services. These services may be on an advisory or discretionary basis. Service Providers must have sufficient experience of managing funds for similar types of charitable organisations; and be able to demonstrate a proven track record in this field. Sufficient depth of relevant experience is crucial. Accurate, efficient and responsive operational support for the portfolio is essential. This procurement will be conducted through the use of the Restricted Procedure. The ESPD will be used as a downsizing tool in this procedure. It is the intention of NGS to shortlist to a maximum of 5 Service Providers but NGS reserves the right to invite in excess of this number of Service Providers in the event of a tie. Economic Operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015. The objective criteria for shortlisting candidates is detailed under section III of this Contract Notice. Renewal: The contract will run by a period of 60 months with the option to extend the contract by a variable period not exceeding 24 months. ## Key Details | Field | Value | | --- | --- | | Publication source | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC402055 | | Notice type | OJEU - F3 - Contract Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure | | Tender suitability | Not specified | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 11 Dec 2020 | | Submission deadline | 15 Nov 2019 | | Future notice date | Not specified | | Award date | 3 Dec 2020 | | Contract period | Not specified | | Recurrence | 2025 - 2027 | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | £178,560 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | NATIONAL GALLERIES OF SCOTLAND | | Locality | EDINBURGH | | Post town | Edinburgh | | Postcode | EH4 3DS | | 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 | Inverleith | | Westminster constituency | Edinburgh West | | Delivery location | TLM75 City of Edinburgh | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | CCLA | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79412000 - Financial management consultancy services ## Release History - 11 Dec 2020 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC402055 - 14 Oct 2019 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT369231 ## Documents - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT369231&idx=1 16th October 2019 - PCS ESPD Supplier's Guide - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT369231 Investment Management Services - The Board of Trustees of the National Galleries of Scotland (NGS) (Scottish Charity Number SC003728) is seeking to procure the services of a professional investment manager to provide portfolio management services. These services may be on an advisory or discretionary basis. - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC402055 Investment Management Services - The Board of Trustees of the National Galleries of Scotland (NGS) (Scottish Charity Number SC003728) is seeking to procure the services of a professional investment manager to provide portfolio management services. These services may be on an advisory or discretionary basis. ## Notice URLs - http:// - http://www.nationalgalleries.org - http://www.scotland.gov.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000599983 - https://www.publiccontractsscotland.gov.uk ## 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-r6ebe6-0000599983. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000599983.json.