Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Hywel Dda University Health Board
Ty Gorwel, Building 14, St David’s Park, Job's Well Road
Carmarthen
SA31 3BB
UK
Telephone: +44 1267229774
E-mail: lewis.wells2@wales.nhs.uk
NUTS: UK
Internet address(es)
Main address: www.nwssp.wales.nhs.uk
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA79805
I.2) 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/home.html
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://etenderwales.bravosolution.co.uk/home.html
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
HDD-ITT-48428 Provision of a Charitable funds investment Manager
Reference number: HDD-ITT-48428
II.1.2) Main CPV code
66100000
II.1.3) Type of contract
Services
II.1.4) Short description
Hywel Dda University Health board has a tender requirement for the provision of a charitable fund
investment manager for Hywel Dda University Health Board.
The investment fund is to be split into two, each with a different objective, as follows:
GBP2.3m permanent endowment to be invested with the objective of;
A)Maximising income, where the income is to be released from the fund.
or
B)Delivering the best return for the fund on a “total return” basis (the Trustee invites comment in the tender
on which of these options should be preferred).
The remaining GBP6.2m general investment with the objective of maximising the investment return, where the
income, and capital are to be retained within the fund.
During the contract period there is a possibility that in the region of GBP1m will need to be released from the
general investment fund in order to fund current ongoing projects.
The value of the investment fund may increase or decrease over time dependent on the resource
commitment of the charity.
The Trustee has, in the past, preferred the investment advisor to actively manage the investment fund.
However, the Trustee is also open to suggestions to alternative approaches that investment managers may
wish to put forward that they consider appropriate.
The Trustee will be looking at investments to have either a low or medium risk profile and will be guided
with advice from the successful investment advisor linked to past performance of those investments.
The expected annual income stream, excluding investment income and returns of the charity is
GBP2.2m.
approximately GBP1.5m, mainly from donations and legacies. The Trustees are committed under Charity
Commission guidance not to accumulate funds unnecessarily and aims to spend income within a reasonable
period. This commitment may affect the level of investment, and an annual review and discussion with the
investment advisor will be undertaken regarding adjustments required.
The Trustee has an ethical policy in place which will apply to investments held. The current ethical policy is
as follows:
1.The Hywel Dda University Heath Board Charity supports the NHS work of Hywel Dda University Health
Board with the approved charitable purposes of;
the advancement of health and the saving of lives
the relief of those in need, by reason of youth, age, ill-health, disability.
the advancement of education (including research)
2.It has been determined that the following investments conflict with the charitable objects and purposes of
the charity;
Investment in the production, manufacturing or supply of tobacco products.
Investment in the production, manufacturing or supply of alcoholic beverages.
3.Clearly there are some companies, in particular in the retail sector, which derive part of their turnover
from the above two product groups. In proportion to harm caused by the moderate consumption of either,
the following limits are set, above which investment will not take place;
Investment in the production or manufacturing of tobacco products at any level of turnover
Investment in the supply of tobacco products where turnover of more than 5% is derived from this source.
Investment in the production, manufacturing of alcoholic beverages where more than 25% is derived from
this source.
II.1.5) Estimated total value
Value excluding VAT:
180 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66100000
II.2.3) Place of performance
NUTS code:
UKL14
Main site or place of performance:
Ty Gorwel, Building 14, St David’s Park, Job’s Well Road, Carmarthen, SA31 3BB
II.2.4) Description of the procurement
Hywel Dda University Health Board has a tender requirement for the provision of a charitable fund investment manager for Hywel Dda University Health Board.
The ITT will be conducted via an Invitatation to Tender (ITT) via Bravo eTenderWales, using the open procedure, inviting bids from suppliers, to include local suppliers and Welsh SMEs.
The ITT will provide prospective tenderers with more detail of the Health Board’s requirements and will incorporate, amongst other information:
1. Health Board’s requirements
2. Specification
3. Request for commercial proposals
4. The award criteria will cover Overall Value for Money
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start:
03/01/2022
End:
31/12/2025
This contract is subject to renewal: Yes
Description of renewals:
2 year extension.
II.2.9) Information about the limits on the number of candidates to be invited
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
Tenders must be presented in the form of electronic catalogues or include an electronic catalogue
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 III: Legal, economic, financial and technical information
III.1) Conditions for participation
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.2) Conditions related to the contract
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.2.2) Time limit for receipt of tenders or requests to participate
Date:
17/12/2021
Local time: 12:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
CY
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 2 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
17/12/2021
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
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=115454
(WA Ref:115454)
The buyer considers that this contract is suitable for consortia.
VI.4) Procedures for review
VI.4.1) Review body
High Court
Royal Courts of Justice, The Strand
London
WC2A 2LL
UK
Telephone: +44 2079477501
VI.5) Date of dispatch of this notice
03/11/2021