Tender for Asset Investment Management Service

Tender for Asset Investment Management Service

Cardiff and Vale local health board charity has a requirement for investment management services.

United Kingdom-Cardiff: Financial and insurance services

2020/S 139-343629

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Official name: NHS Wales Shared Services Partnership
Postal address: 4-5 Charnwood Court, Heol Billingsley, Parc Nantgarw
Town: Cardiff
NUTS code: UK UNITED KINGDOM
Postal code: CF15 7QZ
Country: United Kingdom
E-mail: sophie.stacey@wales.nhs.uk
Telephone: +44 2921836463

I.2)Information about joint procurement

The contract is awarded by a central purchasing body

I.3)Communication

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

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:

Asset Investment Management Service

Reference number: CAV-OJEU-PROJECT45052

II.1.2)Main CPV code

66000000 Financial and insurance services

II.1.3)Type of contract

Services

II.1.4)Short description:

Cardiff and Vale local health board charity has a requirement for investment management services. The charity is seeking innovative responses to deliver investment services commensurate with the responsibilities of NHS charities.

The charity seeks to maximise the total return on funds held and the charity seeks to adopt a conservative policy on risk and previously has adopted a flexible structure in respect of asset class distribution. In terms of the current portfolio, the local health board’s investments had a market value of GBP 5 498 billion as at March 2020 and the portfolio is broken down over various sectors as detailed in the tender documents.

The charity requires the successful supplier to manage the funds on behalf of the charity in accordance with the required charity Commission and other legal requirements placed on NHS charities.

II.1.5)Estimated total value

Value excluding VAT: 215 000.00 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)

66000000 Financial and insurance services
66100000 Banking and investment services
66120000 Investment banking services and related services

II.2.3)Place of performance

NUTS code: UKL22 Cardiff and Vale of Glamorgan

II.2.4)Description of the procurement:

Cardiff and Vale local health board charity has a requirement for investment management services. The charity is seeking innovative responses to deliver investment services commensurate with the responsibilities of NHS charities.

The charity seeks to maximise the total return on funds held and the charity seeks to adopt a conservative policy on risk and previously has adopted a flexible structure in respect of asset class distribution. In terms of the current portfolio, the local health board’s investments had a market value of GBP 5 498 billion as at March 2020 and the portfolio is broken down over various sectors as detailed in the tender documents.

The charity requires the successful supplier to manage the funds on behalf of the charity in accordance with the required charity Commission and other legal requirements placed on NHS charities.

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

Start: 01/11/2020
End: 01/11/2023
This contract is subject to renewal: yes
Description of renewals:

It is at the health board’s discretion whether the contract is extended for a further 2 years on an annual basis.

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:

All requirements will be detailed in the tender documents.

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:

All conditions will be noted in the tender documents.

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: 28/08/2020
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: 28/08/2020
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

Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used

VI.3)Additional information:

Please note additional information on this procurement:

1) the contracting authority reserves the right to award the contract in whole, in part or annul the tendering process and not award any contract;

2) bidders should note that they will be required to enter into terms and conditions of contract as set out in the ITT and that save for matters of clarification or consistency the contracting authority will not negotiate the terms;

3) the contracting authority will not accept completed ITT’s after the stated closing date;

4) all documents to be priced (where applicable) in sterling and all payments made in sterling;

5) all tender costs and liabilities incurred by bidders shall be the sole responsibility of the bidders;

6) prospective suppliers should note that NHS Shared Services Partnership — procurement services is acting on behalf of Cardiff and Vale University local health board;

7) bidders wishing to participate should visit the Bravo eTenderWales portal and access itt_82403.

Note: the authority is using eTenderWales to carry out this procurement process. To obtain further information record your interest on Sell2Wales at https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=102914

(WA Ref:102914)

The buyer considers that this contract is suitable for consortia.

VI.4)Procedures for review

VI.4.1)Review body

Official name: High Court
Postal address: Royal Courts of Justice, The Strand
Town: London
Postal code: WC2A 2LL
Country: United Kingdom
Telephone: +44 2079477501
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:

16/07/2020