Contract notice
Section I: Contracting
authority
I.1) Name and addresses
NHS Wales Shared Services Partnership-Procurement Services (hosted by and on behalf of Velindre University NHS Trust)
4-5 Charnwood Court,, Heol Billingsley, Parc Nantgarw
Cardiff
CF15 7QZ
UK
Contact person: Paul Thomas
Telephone: +44 2920902255
E-mail: paul.thomas4@wales.nhs.uk
NUTS: UK
Internet address(es)
Main address: http://nwssp.nhs.wales/ourservices/procurement-services/
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0221
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
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://etenderwales.bravosolution.co.uk
Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at:
https://etenderwales.bravosolution.co.uk
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
Tender for the Provision of Investment Agent
Reference number: VEL-FTS-43629
II.1.2) Main CPV code
66120000
II.1.3) Type of contract
Services
II.1.4) Short description
Velindre University NHS Trust is looking to procure the Provision of an Investment Agent to advise and manage investments of the Health Board’s Charitable Fund monies.
The Charity requires that the Investment Agent is a qualifying investment manager must be a registered investment advisor under the Investment Advisor Act of 1961, or a bank or insurance company, which is authorised and regulated by the Financial Services Authority
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:
150 000.00
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
66120000
II.2.3) Place of performance
NUTS code:
UKL22
Main site or place of performance:
Veindre University NHS Trust
Velindre Cancer Centre
Velindre Rd
Cardiff
CF14 2TL
II.2.4) Description of the procurement
Velindre University NHS Trust is looking to procure the Provision of an Investment Agent to advise and manage investments of the Health Board’s Charitable Fund monies.
The Charity requires that the Investment Agent is a qualifying investment manager must be a registered investment advisor under the Investment Advisor Act of 1961, or a bank or insurance company, which is authorised and regulated by the Financial Services Authority
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 Charity seeks to maximise the total return on funds held and the Charity seeks to adopt a conservative policy on risk. The Trust and its Trustees recognise that all investment involve an element of risk. In order to mitigate the risk it will be requested that the investment advisor / managers maintain a diversified portfolio of assets in order to protect the Charity’s investments from sudden variations in the market.
The Charity currently holds two investment portfolios, which are held at risk level low and low/ medium risk.
The time horizon for the investment account is between 5 to 7 years.
The total value of the charitable funds currently invested is approximately 6 million GBP and includes asset allocation as set out below
Cash
Sovereign Fixed Income
Corporate Fixed Income
Developed Market Equity
Emerging Market Equity
Private Equity
Commodities
Absolute Return
The value of the investment fund may increase or decrease over time dependent on the resource commitment of the charity and the level of donations being received.
II.2.5) Award criteria
Criteria below:
Quality criterion: Company details
/ Weighting: 5%
Quality criterion: Investment Process
/ Weighting: 10%
Quality criterion: Performance
/ Weighting: 10%
Quality criterion: Administration and reporting
/ Weighting: 10%
Quality criterion: Ethics
/ Weighting: 10%
Quality criterion: Presentation - see ITT docs for breakdown
/ Weighting: 30%
Price
/ Weighting:
25%
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 48
This contract is subject to renewal: Yes
Description of renewals:
Option to extend for a further 2 x 12 months (maximum - 24 months)
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.2.13) 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
III.2.2) Contract performance conditions
The Investment Agent must be a qualifying investment manager either as a registered investment advisor under the Investment Advisor Act of 1961, or a bank or insurance company which is authorised and regulated by the Financial Services Authority
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:
11/11/2021
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
Tender must be valid until:
11/11/2021
IV.2.7) Conditions for opening of tenders
Date:
12/11/2021
Local time: 12:00
Place:
Via Bravo Etender Waes
Information about authorised persons and opening procedure:
Paul Thomas, Senior Procurement Business Manager
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
Yes
Estimated timing for further notices to be published:
from 2026 to 2028 dependent on extensions available being exercised.
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=114756
(WA Ref:114756)
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
11/10/2021