Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
University of Edinburgh
Charles Stewart House, 9-16 Chambers Street
Edinburgh
EH1 1HT
UK
Telephone: +44 1316502759
E-mail: Gordon.Whittaker@ed.ac.uk
NUTS: UKM75
Internet address(es)
Main address: http://www.ed.ac.uk/schools-departments/procurement/supplying
Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00107
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
EC0890 Investment Advisor
II.1.2) Main CPV code
66120000
II.1.3) Type of contract
Services
II.1.4) Short description
The Investment Committee of the University of Edinburgh is responsible for the oversight and strategic direction of the endowment investments. The investment portfolio was valued at GBP 529 m at 31 December 2019
The University of Edinburgh Court appoints members to the Investment Committee drawn from both Court members and external investment professionals.
Key Roles and Responsibilities
— sets investment policy and strategy
— determines asset allocation
— identifies fund managers
— monitors fund performance
— advises university court on its investment programme.
The Investment Committee is looking for someone who can make recommendations as well as stimulate debate around its investment strategy and objectives and support it in its key roles and responsibilities.
The committee has expertise on asset allocation but it will require advice on, for example, particular topics such as infrastructure investments, and manager selection.
It is important that the consultant has the capacity to research topics raised and generate analyses and reports.
The committee envisages someone who will have the back-up of a team with diverse knowledge of the investment sector.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
168 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKM75
II.2.4) Description of the procurement
The Investment Committee of the University of Edinburgh is responsible for the oversight and strategic direction of the endowment investments. The investment portfolio was valued at GBP 529 m at 31 December 2019
The University of Edinburgh Court appoints members to the Investment Committee drawn from both Court members and external investment professionals.
Key roles and responsibilities
Sets investment policy and strategy
Determines asset allocation
Identifies fund managers
Monitors fund performance
Advises university court on its investment programme.
II.2.5) Award criteria
Quality criterion: Quality and presentation
/ Weighting: 80
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:
2020/S 049-117517
Section V: Award of contract
Contract No: EC0890
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
27/05/2020
V.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Mercer Ltd
Quartermile One
Edinburgh
EH39EP
UK
Telephone: +44 1312474512
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:
Total value of the contract/lot:
: 168 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
Socially Responsible Investment (SRI) Policy
Since 2003, the University has had a Socially Responsible Investment (SRI) Policy which has endorsed an approach based on ‘engagement’ with companies on ethical issues. In January 2013 the University became the first in Europe to sign up to the United Nations Principles of Responsible Investment which provides a framework for the University to take environmental, social and corporate governance (ESG) considerations into its investment strategies.
This year the University launched a review of its SRI policy and is now working to redraft it.
Further information on the remit and role of the Investment Committee is at:
The policy was updated in February 2016 and can be viewed at the following link —
https://www.ed.ac.uk/files/atoms/files/responsible_investment_policy_statement.pdf
(SC Ref:622156)
VI.4) Procedures for review
VI.4.1) Review body
Edinburgh Sheriff Court and Justice of the Peace Court
27 Chambers Street
Edinburgh
EH1 1LB
UK
VI.5) Date of dispatch of this notice
28/05/2020