Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Nursing and Midwifery Council
23 Portland Place
London
W1B 1PZ
UK
Contact person: Zoran Kahvo
E-mail: procurement@nmc-uk.org
NUTS: UK
Internet address(es)
Main address: https://www.nmc-uk.org
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.in-tendhost.co.uk/nmc
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Other: UK Healthcare Regulator
I.5) Main activity
Health
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of Investment Management Services
Reference number: FIN-00000094
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
The NMC currently has approximately 90 000 000 GBP in cash and has recently decided to allocate funds in the region of 30 000 000 GBP to a successful supplier to manage as long term investments. Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years. The investment manager will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policies. We are appointing one manager for this allocation of funds.
II.1.5) Estimated total value
Value excluding VAT:
1 500 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
79412000
66140000
66171000
II.2.3) Place of performance
NUTS code:
UKI
Main site or place of performance:
II.2.4) Description of the procurement
We are looking to make better use of our cash holdings which are currently in excess of 90 000 000 GBP. These monies significantly exceed the current working capital requirements. We anticipate allocating funds in the region of 30 000 000 GBP to a successful supplier to manage as long term investments. The NMC is inviting expressions of interest from organisations who wish to enter into a term contract arrangement to provide investment management services. Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years. Investment managers will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policy. The investment policy provided sets out in full our objectives and restrictions on investment. It breaks down our investment assets into three portfolios and specific associated policies: short, medium and long term. In this procurement we are seeking an investment manager only for assets held in the long term portfolio. Therefore, a portfolio with a strategic asset allocation which is then tactically adjusted is expected. We are appointing one manager for this allocation of funds.
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:
1 500 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 60
This contract is subject to renewal: Yes
Description of renewals:
On-going requirement on behalf of the NMC.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged number of candidates: 5
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
II.2.14) Additional information
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:
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
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2018/S 236-539378
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
02/09/2019
Local time: 17:00
IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date:
01/10/2019
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: 4 (from the date stated for receipt of tender)
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Nursing and Midwifery Council
23 Portland Place
London
W1B 1PZ
UK
E-mail: procurement@nmc-uk.org
Internet address(es)
URL: https://www.nmc.org.uk
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
VI.5) Date of dispatch of this notice
30/07/2019