Charitable Funds Investment Manager – Invitation to Tender

Charitable Funds Investment Manager – Invitation to Tender

NHS Wales Shared Services Partnership, hosted by Velindre NHS Trust and on behalf of Powys Teaching Health Board are seeking bids to engage a Charitable Funds Investment Manager.

United Kingdom-St Asaph: Banking and investment services

2017/S 170-348922

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

NHS Wales Shared Services Partnership
Alder House, Alder Court, St Asaph Business Park
St Asaph
LL17 0JL
United Kingdom
Contact person: Rowena Thomas
Telephone: +44 1745448472
E-mail: rowena.thomas@wales.nhs.uk
NUTS code: UK
I.2)Joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: https://etenderwales.bravosolution.co.uk
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: https://etenderwales.bravosolution.co.uk

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Health

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

T.0759 — Charitable Funds Investment Manager for Powys Health Board.

Reference number: T.0759

II.1.2)Main CPV code

66100000

II.1.3)Type of contract

Services

II.1.4)Short description:

NHS Wales Shared Services Partnership, hosted by Velindre NHS Trust and on behalf of Powys Teaching Health Board are seeking bids to engage a Charitable Funds Investment Manager.

Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care or a strategy devised to achieve the terms of the legacy. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk.

A full specification can be found at https://etenderwales.bravosolution.co.uk.

II.1.5)Estimated total value

Value excluding VAT: 150 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no
II.2)Description
II.2.1)Title:

II.2.2)Additional CPV code(s)

66120000
66110000
66170000
66000000

II.2.3)Place of performance

NUTS code: UKL24

II.2.4)Description of the procurement:

NHS Wales Shared Services Partnership, hosted by Velindre NHS Trust and on behalf of Powys Teaching Health Board are seeking bids to engage a Charitable Funds Investment Manager.

NHS charitable funds are defined as all monies donated to the Health Board for purposes related to the NHS and include voluntary donations, legacies and fundraising. PTHB is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity.

Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care or a strategy devised to achieve the terms of the legacy. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk.

A full specification can be found at https://etenderwales.bravosolution.co.uk

II.2.5)Award criteria

Criteria below
Quality criterion – Name: Details of the Investment Firm / Weighting: 10
Quality criterion – Name: Services / Weighting: 15
Quality criterion – Name: Investment Process / Weighting: 15
Quality criterion – Name: Performance Tables / Weighting: 35
Quality criterion – Name: General/Additional Information / Weighting: 5
Quality criterion – Name: Administration and Reporting / Weighting: 5
Price – Weighting: 15
II.2.6)Estimated value

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60
This contract is subject to renewal: no

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no

II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

III.1.2)Economic and financial standing

Selection criteria as stated in the procurement documents

III.1.3)Technical and professional ability

Selection criteria as stated in the procurement documents
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Open procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: yes
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 05/10/2017
Local time: 12:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

IV.2.4)Languages in which tenders or requests to participate may be submitted:

English

IV.2.6)Minimum time frame during which the tenderer must maintain the tender

Tender must be valid until: 29/12/2017

IV.2.7)Conditions for opening of tenders

Date: 05/10/2017
Local time: 12:00

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows

VI.3)Additional information:

Please refer to https://etenderwales.bravosolution.co.uk/

Note: The authority is using eTenderwales to carry out this procurement process. To obtain further information record your interest on Sell2Wales at: http://www.sell2wales.gov.wales/search/search_switch.aspx?ID=70689

(WA Ref:70689)

The buyer considers that this contract is suitable for consortia.

VI.4)Procedures for review

VI.4.1)Review body

NHS Wales Shared Services Partnership
4-5 Charnwood Court, Heol Billingsley, Parc Nantgarw
Cardiff
CF15 7QZ
United Kingdom
Telephone: +44 1443848585Internet address:http://www.procurement.wales.nhs.uk
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

04/09/2017

 

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