University of Durham Investment Management Contract

University of Durham Investment Management Contract

This tender is to appoint an investment management supplier who will be the principal source of expert investment advice to the University’s Finance Committee.

United Kingdom-Durham: Banking and investment services

2019/S 057-131712

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

University of Durham
RC000650
Procurement Service, Mountjoy Centre, Hawthorn Wing
Durham
DH1 3LE
United Kingdom
Contact person: Lyndsay Glasper
Telephone: +44 1913344530
E-mail: lyndsay.glasper@durham.ac.uk
NUTS code: UKC1

Internet address(es):Main address: www.dur.ac.uk

Address of the buyer profile: http://events.transaxions.com/service.aspx?event=6790

I.2)Information about joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: http://events.transaxions.com/service.aspx?event=6790
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: http://events.transaxions.com/service.aspx?event=6790

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:

Investment Management

Reference number: OJEU18-018

II.1.2)Main CPV code

66100000

II.1.3)Type of contract

Services

II.1.4)Short description:

The University currently has a number of endowment funds, which have been established by external donations to support specified departmental, college or student activities. These are invested in capital market investments in order to grow the capital and income in real terms into the longer term. The endowments funds are expected to continue into perpetuity.

This tender is to appoint an investment management supplier who will be the principal source of expert investment advice to the University’s Finance Committee, advising on matters such as risk profile, income and capital growth targets, asset allocation and the selection of suitable investment funds.

To express an interest please go to: http://events.transaxions.com/service.aspx?event=6790

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: UKC14

II.2.4)Description of the procurement:

The University currently has a number of endowment funds, which have been established by external donations to support specified departmental, college or student activities. These are invested in capital market investments in order to grow the capital and income in real terms into the longer term. The endowments funds are expected to continue into perpetuity.

This tender is to appoint an investment management supplier who will be the principal source of expert investment advice to the University’s Finance Committee, advising on matters such as risk profile, income and capital growth targets, asset allocation and the selection of suitable investment funds.

The supplier will be required to provide information and guidance on issues that impact on the University’s investment portfolio and draw to the committee’s attention relevant issues and identify developments and changes required to ensure that the committee are kept informed of best practice. The supplier would also, with appropriate delegation from the Finance Committee, action any changes in the investment portfolio.

The core service requirements are:

— provision of advice regarding a suitable investment strategy and asset allocation,

— provision of advice on any amendments required to University investment policy to reflect the agreed investment strategy,

— management of the implementation of changes to investment arrangements,

— access to a monitoring portal which would allow the University to review the status of the investment portfolio(s) at any time,

— regular monitoring and management of the investments, and preparation of a report to each Finance Committee as required,

— provision of regular updates on the identification and development of strategic investment opportunities,

— provision of training/coaching sessions as required,

— attendance at finance committee meetings.

To express an interest please go to: http://events.transaxions.com/service.aspx?event=6790

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

Value excluding VAT: 600 000.00 GBP

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

Start: 01/11/2019
End: 31/10/2024
This contract is subject to renewal: yes
Description of renewals:

It is the intention to create a five (5) year agreement. Following this initial term there are 2 further extension periods of twenty-four (24) months, subject to requirement and supplier performance.

II.2.9)Information about the limits on the number of candidates to be invited

II.2.10)Information about variants

Variants will be accepted: yes

II.2.11)Information about options

Options: yes
Description of options:

Following the initial contract term, there are 2 further extension periods of twenty-four (24) months, subject to requirement and supplier performance.

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

Restricted 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: no
IV.2)Administrative information

IV.2.1)Previous publication concerning this procedure

Notice number in the OJ S: 2008/S 083-113225

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

Date: 17/04/2019
Local time: 12:00

IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

Date: 03/05/2019

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

Duration in months: 6 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes

VI.2)Information about electronic workflows

Electronic ordering will be used
Electronic payment will be used
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

University of Durham
Durham
DH1 3LE
United KingdomInternet address: www.dur.ac.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:

18/03/2019

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