Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Royal Veterinary College
Royal College Street
London
NW1 0TU
UK
Contact person: Katrina Brown
Telephone: +44 2077457274
E-mail: katrinabrown@iir.uk.com
NUTS: UKI
Internet address(es)
Main address: www.mytenders.org
Address of the buyer profile: http://www.mytenders.org/search/Search_AuthProfile.aspx?ID=AA39949
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:
www.mytenders.org
Additional information can be obtained from another address:
Independent Investment Reviews
88 Kingsway
London
WC2B 6AA
UK
Contact person: Katrina Brown
E-mail: katrinabrown@iir.uk.com
NUTS: UKI1
Internet address(es)
Main address: www.iir.uk.com
Tenders or requests to participate must be sent electronically to:
www.mytenders.org
I.4) Type of the contracting authority
Other: university
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Investment Manager Search.
Reference number: ID 194831
II.1.2) Main CPV code
66100000
II.1.3) Type of contract
Services
II.1.4) Short description
The Royal Veterinary College invites proposals for the management of a segregated investment portfolio to include an initial 15 000 000 GBP, potentially increasing to 20 000 000 GBP, of longer term reserves with a medium risk profile and lower risk funds ranging between 5 000 000 GBP - 20 000 000 GBP, dependent upon cash-flow requirements over the period. The estimated contract value stated under II.1.5) is based upon the upper limits quoted here.
II.1.5) Estimated total value
Value excluding VAT:
800 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI1
II.2.4) Description of the procurement
The Royal Veterinary College invites proposals for the management of a segregated investment portfolio to include up to 20 000 000 GBP of longer term reserves with a medium risk profile and up to 20 000 000 GBP of lower risk funds. The College is following the competitive dialogue process. Further details are available in the additional 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
Value excluding VAT:
800 000.00
GBP
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:
The College will may extend the contract after 48 months for a period of 1 year.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
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.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
Providers must be registered in terms of the UK Financial Services and Markets Act 2000, or equivalent law of the European Economic Area (EEA) member state to manage assets for charitable and public funds.
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
List and brief description of selection criteria:
The Royal Veterinary College invites proposals for the management of a segregated investment portfolio to include up to 20 000 000 GBP of longer term reserves with a medium risk profile and up to 20 000 000 GBP of lower risk funds. We will consider awarding this to 1 or split between 2 managers. Tenderers will need to show long term experience, at least 5 years, of managing mixed segregated portfolios in assets as defined as investments under the Financial Services and Markets Act 2000 for similar customers. They will need to demonstrate their commitment to the charitable and/or public funds sector (albeit not pension funds) in the form of dedicated investment or service personnel as well as their specific technical expertise/ability to the College. In addition identifying those with experience of managing funds with ethical considerations like those proposed by the College will be an essential element of the process. It is likely that managers with more than 400 000 000 GBP of funds under management for other charities will be in a position to demonstrate all of these requirements most effectively.
The College reserves the right to alter the value of the funds awarded and this may change over time. The Council reserves the right to alter the length of the contract. Providers must be registered in terms of the UK Financial Services and Markets Act 2000, or equivalent law of the European Economic Area (EEA) member state to manage the assets of charitable and public funds. Proof of registration must be provided.
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
See tender document.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive dialogue
IV.1.4) Information about reduction of the number of solutions or tenders during negotiation or dialogue
Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated
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:
25/05/2017
Local time: 12:00
IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date:
26/05/2017
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 6 (from the date stated for receipt of tender)
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.3) Additional information
Note: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at http://www.myTenders.org/Search/Search_Switch.aspx?ID=194831
The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at http://www.myTenders.org/sitehelp/help_guides.aspx
Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems.
(MT Ref: 194831).
VI.4) Procedures for review
VI.4.1) Review body
Independent Investment Reviews (IIR)
88 Kingsway
London
WC2B 6AA
UK
Telephone: +44 2077457274
Internet address(es)
URL: www.iir.uk.com
VI.5) Date of dispatch of this notice
25/04/2017