---
title: "Scottish National Investment Bank - Investment Management System"
ocid: "ocds-r6ebe6-0000695606"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000695606"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000695606.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000695606.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "SCOTTISH NATIONAL INVESTMENT BANK"
published: "2022-12-23"
---

# Scottish National Investment Bank - Investment Management System

Buyer: SCOTTISH NATIONAL INVESTMENT BANK  
Current stage: Award  
OCID: ocds-r6ebe6-0000695606

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## Summary

The Scottish National Investment Bank has completed the procurement process for an Investment Management System. The title of the tender was "Scottish National Investment Bank - Investment Management System". This tender falls under the industry category of "Economic affairs" and was located in Edinburgh, UK. The procurement stage was marked as "Award", and the process was initiated on 23rd December 2022. The buying organization was the Scottish National Investment Bank, and the key deadline for this tender was the award date on 23rd December 2022.

This tender presents an opportunity for businesses in the goods category to grow by providing an end-to-end management system for maintaining investment portfolios. Both large and small-medium enterprises can compete, as evidenced by the participation of FIS Global and PortF.io as suppliers. The procurement method used was an open procedure, offering a fair chance for interested businesses. The Scottish National Investment Bank expects optimal performance in both fund administration and portfolio management, paving the way for solution providers with expertise in these areas to excel in the bidding process.

## 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 Preference is for remote hosting / software as a service.

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 2 Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Preference is for remote hosting / software as a service.

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 | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC467739 |
| Notice type | OJEU - F3 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Dec 2022 |
| Submission deadline | 18 Jul 2022 |
| Future notice date | Not specified |
| Award date | 14 Oct 2022 |
| 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 | £702,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## 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 |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | FIS GLOBAL; PORTF.IO |

## 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

- 23 Dec 2022 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC467739
- 13 Jun 2022 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN451112

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=10
  7th July 2022 - To aid bidders and in response to a question regarding example reports utilised, this is an example.
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=9
  7th July 2022 - This document contains further guidance to help ensure bids submitted comply with requirements.
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=1
  13th June 2022 - Invitation To Tender Covering Letter To Bidders
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=2
  13th June 2022 - Evaluation Guide and Question Lot1
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=3
  13th June 2022 - Evaluation Guide and Question Lot2
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=4
  13th June 2022 - Commercial and non function requirements of Systems
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=5
  13th June 2022 - IMS General Specification with Requirements and Guidance
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=6
  13th June 2022 - Supplier to Complete Cyber Security Questionnaire
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=7
  13th June 2022 - Bidder's Pricing To Be Submitted
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN451112&idx=8
  13th June 2022 - Single Procurement Document SPD For Completion
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN451112
  Scottish National Investment Bank - Investment Management System - An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC467739
  Scottish National Investment Bank - Investment Management System - An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.

## Notice URLs

- http://
- http://www.publiccontractsscotland.gov.uk
- http://www.thebank.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000695606

## 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-r6ebe6-0000695606. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000695606.json.