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
Directive 2014/24/EU
Section I: Contracting authority
I.1)Name and addresses
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
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0221
I.2)Information about joint procurement
I.3)Communication
I.4)Type of the contracting authority
I.5)Main activity
Section II: Object
II.1.1)Title:
Asset Investment Management Service
II.1.2)Main CPV code
II.1.3)Type of contract
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
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
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
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
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
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
All requirements will be detailed in the tender documents.
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.2.2)Contract performance conditions:
All conditions will be noted in the tender documents.
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.7)Conditions for opening of tenders
Section VI: Complementary information
VI.1)Information about recurrence
VI.2)Information about electronic workflows
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.4.1)Review body
Postal address: Royal Courts of Justice, The Strand
Town: London
Postal code: WC2A 2LL
Country: United Kingdom
Telephone: +44 2079477501
VI.5)Date of dispatch of this notice: