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Tender for Asset Investment Management Service
Financial Services

Tender for Asset Investment Management Service

Wednesday, 31 July 2019, 8:36

Tender for Asset Investment Management Service

Cardiff and Vale Local Health Board Charity has the requirement for investment management services.

United Kingdom-Cardiff: Financial and insurance services

2019/S 144-354761

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

NHS Wales Shared Services Partnership
Cardiff and Vale University Local Health Board, Brechnock House, 8th Floor, University Hospital of Wales
Cardiff
CF14 4XW
United Kingdom
Contact person: Sophie Stacey/Emma Rowe-Jones
Telephone: +44 2920746577
E-mail: sophie.stacey@wales.nhs.uk
NUTS code: UK
Internet address(es):Main address: http://www.procurement.wales.nhs.uk

Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0221

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-PROJECT42467

II.1.2)Main CPV code

66000000

II.1.3)Type of contract

Services

II.1.4)Short description:

Cardiff and Vale Local Health Board Charity has the requirement for investment management services. The charity is seeking innovative responses to deliver Investment Services commensurate with the responsibilities of NHS charities.

The contract will be for a period of 2 years commencing from 1.10.2019 with the Health Board option to extend for a maximum of a further 2 years.

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 6 200 000 GBP as at March 2019 and the portfolio is broken down over various sectors as shown 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: 172 500.00 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
66100000
66120000

II.2.3)Place of performance

NUTS code: UK
NUTS code: UKL22

II.2.4)Description of the procurement:

Cardiff and Vale University Health Board Charity has the requirement for investment management services. The charity is seeking innovative responses to deliver Investment Services commensurate with the responsibilities of NHS charities.

The contract will be for a period of 2 years commencing from 1.10.2019 with the Health Board option to extend for a maximum of a further 2 years.

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 6 114 000 GBP as at March 2019 and the portfolio is broken down over various sectors as shown 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. The current restrictions placed on investments by the charity are set out in the approved investment strategy which is provided in the tender documents.

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: 01/10/2019
End: 30/09/2021
This contract is subject to renewal: yes
Description of renewals:

It is at the Health Board’s discretion whether you extend the contract for a further 2 years.

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:

As per the invitation to tender document

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 are noted in the invitation to tender document.

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: 23/08/2019
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: 23/08/2019
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:

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=94270

(WA Ref:94270)

VI.4)Procedures for review

VI.4.1)Review body

NHS Wales Shared Services Partnership
Procurement Department, Cardiff and Vale University Local Health Board, Brecknock House, 8th Floor, University Hospital of Wales
Cardiff
CF14 4XW
United Kingdom
Telephone: +44 1443848585
E-mail: sophie.stacey@wales.nhs.ukInternet address: http://www.procurement.wales.nhs.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:

24/07/2019