Investment Advice Tender – Birmingham

Investment Advice Tender – Birmingham

Investment Consultancy and Investment Performance Monitoring and Reporting Services.

United Kingdom-Birmingham: Business and management consultancy and related services

2018/S 238-543872

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

University of Birmingham
Edgbaston
Birmingham
B15 2TT
United Kingdom
Contact person: Paul Markham
E-mail: p.markham@bham.ac.uk
NUTS code: UKG31

Internet address(es):Main address: https://www.birmingham.ac.uk/index.aspx

Address of the buyer profile: https://in-tendhost.co.uk/universityofbirmingham/aspx/Home

I.2)Information about joint procurement

I.3)Communication

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

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Education

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

Provision of Investment Consultancy and Investment Performance Monitoring and Reporting Services — University of Birmingham

Reference number: FRAM432/19

II.1.2)Main CPV code

79400000

II.1.3)Type of contract

Services

II.1.4)Short description:

Investment advice: the provision of quarterly investment reviews/reports of the performance of the University’s Investment Fund and Long Term Endowment Fund.

Attendance at quarterly Investment Sub Committee meetings to review all aspects of investment performance and asset allocation relating to the University Investment Fund and Long Term Endowment Fund. Ad-hoc meetings may also be required with university management. Investment advice also required which is further detailed within the tender documentation.

Performance and risk management: quarterly investment reports are also required to include performance analysis/measurement information. Performance analysis will be driven by data received from external investment managers. Performance should be graphically displayed and include narrative summary and a breakdown by factors. Performance should be reconciled to managers’ performance data before being provided to the university.

II.1.5)Estimated total value

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)

II.2.3)Place of performance

NUTS code: UKG31
Main site or place of performance:

University of Birmingham.

II.2.4)Description of the procurement:

Investment advice.

The provision of quarterly investment reviews/reports of the performance of the University’s Investment Fund and Long Term Endowment Fund.

Attendance at quarterly Investment Sub Committee meetings to review all aspects of investment performance and asset allocation relating to the University Investment Fund and Long Term Endowment Fund. Ad-hoc meetings may also be required with University management. Investment advice required includes the following:

I) investment strategy;

II) market review;

III) market outlook;

IV) asset allocation, including annual strategic asset allocation reviews for the University Investment Fund and Long Term Endowment Fund;

V) risk management;

VI) advice on governance issues (e.g. ethical policy, voting rights);

VII) consideration of “alternative” asset classes;

VIII) information and advice on investment industry trends, new and existing investment management methods, areas and products;

IX) recommending benchmarks for investment performance measurement;

X) fee negotiation with investment managers (whether existing or new);

XI) advice on the appointment and dismissal of fund managers;

XII) the provision of relevant information for and participate in investment management “Beauty Parades” (i.e. advertisement, short list, questionnaires, final interviews, etc.).

Performance and risk measurement:

Quarterly investment reports are also required to include performance analysis/measurement information. Performance analysis will be driven by data received from external investment managers. Reports should include as a minimum detail on:

XIII) underlying managers’ performance compared to the agreed benchmarks;

XIV) peer group performance comparison;

XV) “see-through” asset allocation analysis, including relative regional and sector analysis;

XVI) performance attribution analysis;

XVII) active risk analysis;

XVIII) attribution to total fund excess return analysis.

Performance should be graphically displayed and include narrative summary and a breakdown by factors. Performance should be reconciled to managers’ performance data before being provided to the university. The reports are required to be bespoke and reflect the university’s particular requirements.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated value

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

Duration in months: 48
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: yes
Description of options:

Initial 2 years with 2 x 1 year options to extend up to 4 years maximum.

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

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

The procurement involves the establishment of a framework agreement
Framework agreement with a single operator
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: 14/01/2019
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

IV.2.7)Conditions for opening of tenders

Date: 14/01/2019
Local time: 12:00
Place:

University of Birmingham.

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:
VI.4)Procedures for review

VI.4.1)Review body

University of Birmingham
Birmingham
United Kingdom
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:

06/12/2018

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