Tender for Investment Management of Endowment Funds
Cardiff University is seeking to appoint a firm to provide investment management services for these long term funds.
United Kingdom-Cardiff: Banking and investment services
2017/S 126-256838
Contract notice
Services
Directive 2014/24/EU
Section I: Contracting authority
I.1)Name and addresses
Procurement Services, McKenzie House, 30-36 Newport Road
Cardiff
CF24 0DE
United Kingdom
Contact person: Huw Price
Telephone: +44 2920879648
E-mail: buyline@cardiff.ac.uk
NUTS code: UKLInternet address(es):Main address: www.cardiff.ac.uk/purch/
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0258
I.2)Joint procurement
I.3)Communication
I.4)Type of the contracting authority
I.5)Main activity
Section II: Object
II.1.1)Title:
Investment Management of Endowment Funds.
II.1.2)Main CPV code
II.1.3)Type of contract
II.1.4)Short description:
The market value of Cardiff University’s endowment funds is approximately GBP 33 000 000. Cardiff University is seeking to appoint a firm to provide investment management services for these long term funds. The initial contract period will be for 36 months with extension options of 5 x 12 months which could be offered at the University’s discretion.
Additional Information is contained within the SQ and ITT documents.
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
Cardiff University.
II.2.4)Description of the procurement:
The market value of Cardiff University’s endowment funds is approximately GBP 33 000 000. Cardiff University is seeking to appoint a firm to provide investment management services for these long term funds. The initial contract period will be for 36 months with extension options of 5 x 12 months which could be offered at the University’s discretion. Additional Information is contained within the SQ and ITT documents.
II.2.5)Award criteria
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
Initial 36 month contract period, with additional 5 x 12 month extension options should the University wish to offer them at its discretion.
II.2.9)Information about the limits on the number of candidates to be invited
As stated in the SQ document.
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
As stated in the SQ and ITT documents.
III.1.2)Economic and financial standing
As stated in the SQ document.
As stated in the SQ document.
III.1.3)Technical and professional ability
As stated in the SQ document.
As stated in the SQ document.
III.2.2)Contract performance conditions:
As stated in the SQ and ITT documents.
III.2.3)Information about staff responsible for the performance of the contract
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.2.3)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:
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
Section VI: Complementary information
VI.1)Information about recurrence
VI.3)Additional information:
All tender costs and liabilities incurred by Bidders shall be the sole responsibility of Bidders.
The University reserves the right to award the contract in whole or part.
The University reserves the right to annul the tendering process and not award any contract.
All documents to be priced in GBP and all payments made in GBP
All documents to be priced in GBP excluding VAT.
Under the terms of this contract the successful supplier(s) will be required to deliver Community Benefits in support of the authority’s economic and social objectives. Accordingly, contract performance conditions may relate in particular to social and environmental considerations. The Community Benefits included in this contract are:
As outlined in the ITT document.
(WA Ref:68331).
VI.4.1)Review body
Procurement Services, McKenzie House, 30-36 Newport Road
Cardiff
CF24 0DE
United Kingdom
Telephone: +44 2920879648Internet address:www.cardiff.ac.uk/purch/
VI.4.3)Review procedure
Cardiff University will incorporate a standstill period at the point information on the award of the contract is communicated to bidders. 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 bidders to clarify or query the award decision before the contract is entered into. The UK Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland).
VI.5)Date of dispatch of this notice:
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