--- title: "PURCH2766 Provision of Passive Investment Manager" ocid: "ocds-r6ebe6-0000805162" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000805162" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000805162.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000805162.json" source: "Public Contracts Scotland" 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-r6ebe6-0000805162 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000805162) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000805162.json) ## Summary The University of Glasgow is currently in the tender stage of a public procurement process titled "PURCH2766 Provision of Passive Investment Manager," aimed at acquiring services within the education industry category. Located in Glasgow, this procurement is conducted via an open procedure requiring electronic submissions through the Public Contracts Scotland portal. Key dates include a submission deadline on 25th August 2025, with the award period commencing on the same day. The procurement aims to appoint an investment manager for a passively managed equity strategy targeting net zero emissions by 2050. This tender presents substantial opportunities for businesses in the financial services and investment management sectors, particularly those with expertise in sustainable investment strategies. Companies focusing on long-term equity management and those who align with sustainable practices will find this opportunity advantageous. The University’s emphasis on community benefits, such as employment and training opportunities for priority groups and collaborations with local organisations, means businesses with a strong community focus will be well-positioned to compete successfully in this tender. ## 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 | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL535315 | | Notice type | OJEU - F2 - Contract 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 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL535315 ## Documents - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=1 24th July 2025 - PURCH2766 - Investment Manager - Invitation to Tender Goods or Services FINAL - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=8 24th July 2025 - PURCH2766 - Investment Manager - Invitation to Tender Goods or Services FINAL - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=2 23rd July 2025 - PURCH2766 - Appendix 1 - C&SRM KPI Template - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=3 23rd July 2025 - PURCH2766 - Appendix 2 - C&SRM Stakeholder Feedback Form - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=4 23rd July 2025 - PURCH2766 - Schedule 1B - Supply Chain Code of Conduct - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=5 23rd July 2025 - PURCH2766 - Schedule 1C - Agreement for the Purchase of Goods and Services - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=6 23rd July 2025 - PURCH2766 - Schedule 1C - Non-Compliance Template - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUL535315&idx=7 23rd July 2025 - PURCH2766 - SPD Qualification and Capability Questions - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL535315 PURCH2766 Provision of Passive Investment Manager - 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 ## Notice URLs - http:// - http://www.gla.ac.uk/ - http://www.publiccontractsscotland.gov.uk/ - http://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=805162 - http://www.publiccontractsscotland.gov.uk/default.aspx - http://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.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/ ## 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-r6ebe6-0000805162. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000805162.json.