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Notice Details

Title: Active Multi Asset Investment Manager
Reference No: JUN356917
OCID: ocds-r6ebe6-0000563997
Published by: Renfrewshire Council
Publication Date: 12/06/2019
Deadline Date:
Deadline Time:
Notice Type: 03 Contract Award Notice - Successful Supplier(s)
Has Documents: No
Has ESPD: No
Abstract: Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the “Investment Manager” or “ Service Provider”) to manage the investments and generate a return which is then distributed to support community projects.
The Investment Manager will manage the Paisley Common Good Fund, the Renfrew Common Good Fund (“Common Good Funds”), the Renfrewshire Educational Trust (“Educational Trust”) and the Renfrewshire Council Insurance Fund (“Insurance Fund”) each “Fund” or collectively known as the “ Combined Funds”.
CPV: 66100000, 66100000.

Contract award notice

Results of the procurement procedure

Directive 2014/24/EU - Public Sector Directive

Directive 2014/24/EU

Section I: Contracting Change entity

I.1) Name and addresses

Renfrewshire Council

Renfrewshire House, Cotton Street

Paisley

PA1 1JB

UK

Telephone: +44 1416186400

E-mail: Suzanne.Gibb@Renfrewshire.Gov.UK

Fax: +44 1416187050

NUTS: UKM83

Internet address(es)

Main address: http://www.renfrewshire.gov.uk

Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00400

I.4) Type of the contracting authority

Regional or local authority

I.5) Main activity

General public services

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Active Multi Asset Investment Manager

Reference number: RC-CPU-19-197

II.1.2) Main CPV code

66100000

 

II.1.3) Type of contract

Services

II.1.4) Short description

Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the “Investment Manager” or “ Service Provider”) to manage the investments and generate a return which is then distributed to support community projects.

The Investment Manager will manage the Paisley Common Good Fund, the Renfrew Common Good Fund (“Common Good Funds”), the Renfrewshire Educational Trust (“Educational Trust”) and the Renfrewshire Council Insurance Fund (“Insurance Fund”) each “Fund” or collectively known as the “ Combined Funds”.

II.1.6) Information about lots

This contract is divided into lots: No

II.1.7) Total value of the procurement

Value excluding VAT: 466 370.00 GBP

II.2) Description

II.2.2) Additional CPV code(s)

66100000

II.2.3) Place of performance

NUTS code:

UKM83

II.2.4) Description of the procurement

Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the “Investment Manager” or “ Service Provider”) to manage the investments and generate a return which is then distributed to support community projects.

The Investment Manager will manage the Paisley Common Good Fund, the Renfrew Common Good Fund (“Common Good Funds”), the Renfrewshire Educational Trust (“Educational Trust”) and the Renfrewshire Council Insurance Fund (“Insurance Fund”) each “Fund” or collectively known as the “ Combined Funds”.

The Council intends to contract for a minimum period of three (3) years with the Council retaining the option to extend the contract for up to 12 months on two separate occasions.

It is anticipated that the contract shall commence on 1st July 2019 to 30th June 2022 with the option of up to a two year extension. The actual dates will be confirmed in the Council's letter of acceptance.

II.2.5) Award criteria

Quality criterion: Team Proposed / Weighting: 20

Quality criterion: Fund Management / Weighting: 25

Quality criterion: Risk and Operational Management / Weighting: 15

Quality criterion: Turnover / Weighting: 4

Quality criterion: Performance Management / Weighting: 10

Quality criterion: Relationship Management / Weighting: 10

Quality criterion: Discretionary Agreement / Weighting: 4

Quality criterion: Set Up / Weighting: 4

Quality criterion: Community Benefits / Weighting: 3

Quality criterion: Fair Working Practices / Weighting: 5

Price / Weighting:  20

II.2.11) Information about options

Options: No

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Open procedure

IV.1.8) Information about 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

Notice number in the OJ S:

2018/S 226-517451

Section V: Award of contract

Contract No: RC-CPU-19-197

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

22/05/2019

V.2.2) Information about tenders

Number of tenders received: 15

Number of tenders received from SMEs: 5

Number of tenders received from tenderers from other EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 15

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Aberdeen Standard Capital Limited

1 George Street

Edinburgh

EH2 2LL

UK

Telephone: +44 1313721002

NUTS: UKM75

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Initial estimated total value of the contract/lot: 466 370.00 GBP

Total value of the contract/lot: 466 370.00 GBP

V.2.5) Information about subcontracting

Section VI: Complementary information

VI.3) Additional information

1. Any contract awarded as a result of this tender exercise will be subject to Scots Law and the exclusive jurisdiction of the Scottish Courts.

2. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

(SC Ref:585282)

VI.4) Procedures for review

VI.4.1) Review body

See VI.4.3 below

See VI.4.3 below

UK

Internet address(es)

URL: http://www.renfrewshire.gov.uk

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

Precise information on deadline(s) for review procedures:

Precise information on deadline(s) for review procedures:

An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under Public Contracts (Scotland) Regulations 2015 (SSI2105/446) (as amended) may bring proceedings in the Sheriff Court or Court of Session.

VI.5) Date of dispatch of this notice

11/06/2019


Information added to the notice since publication.

Additional information added to the notice since it's publication.
No further information has been uploaded.
Main Contact: Suzanne.Gibb@Renfrewshire.Gov.UK
Admin Contact: N/a
Technical Contact: N/a
Other Contact: N/a

Commodity Categories

Commodity Categories
IDTitleParent Category
201200BankingFinancial Services
209999other Financial ServicesFinancial Services

Delivery Locations

Delivery Locations
IDDescription
150Glasgow & Strathclyde

Document Family

Hide related notices
NOV337942: Active Multi Asset Investment Manager
Publication Date: 22/11/2018
Deadline: 24/12/2018
Notice Type: 02 Contract Notice
Authority name: Renfrewshire Council
JUN356917: Active Multi Asset Investment Manager
Publication Date: 12/06/2019
Notice Type: 03 Contract Award Notice - Successful Supplier(s)
Authority name: Renfrewshire Council

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