Endowment Fund Management ITT

Endowment Fund Management ITT

The University currently has approximately 30 000 000 GBP of endowment funds which it meets a range of student bursaries, scholarships and academic posts. The University is wishing to review its investment management.

United Kingdom-Nottingham: Financial and insurance services

2013/S 140-244018

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

The University of Nottingham
Procurement Department, Kings Meadow Campus, Lenton Lane
Contact point(s): Procurement Department
For the attention of: Jeannette Harrison
NG7 2NR Nottingham
UNITED KINGDOM
Telephone: +44 1158466736
E-mail: jeannette.harrison@nottingham.ac.uk

Internet address(es):

General address of the contracting authority: http://www.nottingham.ac.uk/procurement/

Address of the buyer profile: https://www.in-tendhost.co.uk/universityofnottingham

Further information can be obtained from: The above mentioned contact point(s)

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)

Tenders or requests to participate must be sent to: The above mentioned contact point(s)

I.2)Type of the contracting authority

Body governed by public law
I.3)Main activity

Education
I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract by the contracting authority:

Endowment Fund Management ITT/494.
II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6b:
Main site or location of works, place of delivery or of performance: United Kingdom.
NUTS code UKF14

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement
II.1.5)Short description of the contract or purchase(s)

Endowment Fund Management
The University currently has approximately 30 000 000 GBP of endowment funds which it meets a range of student bursaries, scholarships and academic posts. The University is wishing to review its investment management.
II.1.6)Common procurement vocabulary (CPV)

66000000, 79412000, 66100000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): no
II.1.8)Lots

This contract is divided into lots: no
II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract
II.2.1)Total quantity or scope:

Endowment Fund Management
The University currently has approximately 30 000 000 GBP of endowment funds which it meets a range of student bursaries, scholarships and academic posts. The University is wishing to review its investment management.
Initial term 3 years with options to extend for 2 x 1 year periods.
Estimated value excluding VAT: 600 000 GBP
II.2.2)Information about options

Options: yes
Description of these options: Option to extend contract to max 5 years, initial term 3 years, 2 x 1 year extension to be available if we wish to utilise.
Provisional timetable for recourse to these options:
in months: 36 (from the award of the contract)
II.2.3)Information about renewals

This contract is subject to renewal: yes
Number of possible renewals: 2
In the case of renewable supplies or service contracts, estimated timeframe for subsequent contracts:
in months: 60 (from the award of the contract)
II.3)Duration of the contract or time limit for completion

Duration in months: 60 (from the award of the contract)

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: yes
Description of particular conditions: PQQ documents refer as will subsequent tender documents for successful applicants.
III.2)Conditions for participation
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: Completion of Questionnaires and various other tender documents. Any supplier may be disqualified who is:
a) bankrupt or is being wound up, whose affairs are being administered by the Court, who has entered into an arrangement with creditors or who is in any analogous situation arising from a similar procedure under National Laws and Regulations;
b) is the subject of proceedings for a declaration of bankruptcy, for an order for compulsory winding-up or administration by the Court or for an arrangement with creditors or is the subject of any other similar proceedings under National Laws or Regulations;
c) has been convicted of an offence concerning his professional conduct by a judgement which has the force of res judicata;
d) has been guilty of grave professional misconduct proven by any means which the contracting authorities can justify;
e) is guilty of serious misrepresentation in supplying the information required under the provisions of the Directive on the criteria for qualitative selection;
f) has not fulfilled obligations relating to the payment of social security contributions in accordance with the legal provisions of the country in which he is established or those of the country of the contracting authority;
g) has not fulfilled obligations relating to the payment of taxes in accordance with the legal provisions of the country in which he is established or those of the country of the contracting authority.
III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: As contained in the Pre-Qualification and tender documentation.
Minimum level(s) of standards possibly required: As contained in the Pre-Qualification and tender documentation.
III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
As contained in the Pre-Qualification and tender documentation.
Minimum level(s) of standards possibly required:
As contained in the Pre-Qualification and tender documentation.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: yes
Reference to the relevant law, regulation or administrative provision: Regulated by the Financial Services Authority.
III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: yes

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure

Restricted
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate

Envisaged number of operators: 6
Objective criteria for choosing the limited number of candidates: As contained in the evaluation criteria set out in the Pre-Qualification documentation.
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria
IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document
IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:

PROC JH ITT/494
IV.3.2)Previous publication(s) concerning the same contract

Prior information notice

Notice number in the OJEU: 2013/S 37-058618 of 21.2.2013

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Time limit for receipt of requests for documents or for accessing documents: 9.8.2013
Payable documents: no
IV.3.4)Time limit for receipt of tenders or requests to participate

23.8.2013
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

23.9.2013
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender
IV.3.8)Conditions for opening of tenders

Date: 26.8.2013 – 12:00
Place:

University of Nottingham.

Persons authorised to be present at the opening of tenders: no

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes
Estimated timing for further notices to be published: 5 years.
VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information

The University welcomes a range of solutions from tenderers to meet its needs.
All correspondence and requests for pre qualification documents relating to this project must be made through the University of Nottingham’s e-tendering website:
https://in-tendhost.co.uk/universityofnottingham

Pre-Qualification information will be assessed and a long list of suppliers produced. If you are long listed, you will be invited to submit a full tender and costings.
Non compliant expressions of interest will not be considered or acknowledged.
The University reserves the right to cancel the tender process at any stage.
The University does not accept any liability for costs incurred in tendering.

VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: The University will incorporate a standstill period at the point information on the award of the contract is communicated to tenderers. That notification will provide full information on the award decision. The standstill period, which will be for a minimum of 10 calendar days, provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into. The Public Contracts Regulations 2006 (SI 2006 No 5) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland).
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:18.7.2013