Active Multi Asset Investment Manager

{
  "id": "032090-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
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        "measure": "foreignBidsFromEU",
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        "measure": "foreignBidsFromNonEU",
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      {
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        "measure": "electronicBids",
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  },
  "date": "2024-10-07T14:58:49+01:00",
  "ocid": "ocds-h6vhtk-044590",
  "buyer": {
    "id": "GB-FTS-1038",
    "name": "Renfrewshire Council"
  },
  "links": [
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    {
      "id": "032090-2024-RC-CPU-23-222 Active Multi Asset Investment Manager-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-126192",
          "name": "LGT Wealth Management"
        }
      ],
      "relatedLots": [
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      ]
    }
  ],
  "tender": {
    "id": "RC-CPU-23-222",
    "lots": [
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        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "The Tender Procedure will be conducted in accordance with an above Government Procurement Agreement (GPA) Threshold Open Tender procedure relating to a Services Contract.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Cyber Security and Principles",
              "type": "quality",
              "description": "Pass/Fail"
            },
            {
              "name": "Team",
              "type": "quality",
              "description": "16"
            },
            {
              "name": "Fund Management",
              "type": "quality",
              "description": "20"
            },
            {
              "name": "Risk and Operational Management",
              "type": "quality",
              "description": "12"
            },
            {
              "name": "Turnover",
              "type": "quality",
              "description": "3"
            },
            {
              "name": "Performance Management",
              "type": "quality",
              "description": "8"
            },
            {
              "name": "Relationship Management",
              "type": "quality",
              "description": "7"
            },
            {
              "name": "Discretionary Agreement",
              "type": "quality",
              "description": "4"
            },
            {
              "name": "Set Up",
              "type": "quality",
              "description": "2"
            },
            {
              "name": "Community Benefits",
              "type": "quality",
              "description": "4"
            },
            {
              "name": "Fair Work First",
              "type": "quality",
              "description": "4"
            },
            {
              "type": "price",
              "description": "20"
            }
          ]
        }
      }
    ],
    "items": [
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          }
        ],
        "additionalClassifications": [
          {
            "id": "66100000",
            "scheme": "CPV",
            "description": "Banking and investment services"
          }
        ]
      }
    ],
    "title": "Active Multi Asset Investment Manager",
    "status": "complete",
    "coveredBy": [
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    ],
    "legalBasis": {
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      "scheme": "CELEX"
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    "description": "Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the “Investment Manager” or “ Service Provider”) to manage the investments and generate a return which is then distributed to support community projects.\nThe Investment Manager will manage:\n- the Paisley Common Good Fund and the Renfrew Common Good Fund (“Common Good Funds”),\n- the Renfrewshire Educational Trust (“Educational Trust”) and\n- the Renfrewshire Council Insurance Fund (“Insurance Fund”)",
    "reviewDetails": "An economic operator that suffers or risks suffering, loss or damage attributable to breach of duty under the Public Contracts (Scotland) Regulations 2015 (SSI 2015/446, as amended) may bring proceedings in the Sheriff Court or the Court of Session in accordance with Regulation 88 of the 2015 Regulations.",
    "classification": {
      "id": "66100000",
      "scheme": "CPV",
      "description": "Banking and investment services"
    },
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    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-1038",
      "name": "Renfrewshire Council",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKM83",
        "locality": "Paisley",
        "postalCode": "PA1 1JB",
        "countryName": "United Kingdom",
        "streetAddress": "Renfrewshire House, Cotton Street"
      },
      "details": {
        "url": "http://www.renfrewshire.gov.uk",
        "buyerProfile": "https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00400",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local authority"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "Renfrewshire Council"
      },
      "contactPoint": {
        "email": "shona.brydson@renfrewshire.gov.uk",
        "faxNumber": "+44 00000000",
        "telephone": "+44 00000000"
      }
    },
    {
      "id": "GB-FTS-126192",
      "name": "LGT Wealth Management",
      "roles": [
        "supplier"
      ],
      "address": {
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        "locality": "Edinburgh",
        "postalCode": "EH3 9QA",
        "countryName": "United Kingdom",
        "streetAddress": "One Lochrin Square"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "LGT Wealth Management"
      },
      "contactPoint": {
        "telephone": "+44 7590183454"
      }
    },
    {
      "id": "GB-FTS-13881",
      "name": "See VI.4.3 below",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "See VI.4.3 below",
        "countryName": "United Kingdom"
      },
      "details": {
        "url": "http://www.renfrewshire.gov.uk"
      },
      "identifier": {
        "legalName": "See VI.4.3 below"
      }
    }
  ],
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    {
      "id": "032090-2024-RC-CPU-23-222 Active Multi Asset Investment Manager-1",
      "value": {
        "amount": 698610,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "032090-2024-RC-CPU-23-222 Active Multi Asset Investment Manager-1",
      "dateSigned": "2024-09-26T00:00:00+01:00"
    }
  ],
  "description": "(SC Ref:779635)",
  "initiationType": "tender"
}

{
  "id": "007004-2024",
  "tag": [
    "tender"
  ],
  "date": "2024-03-05T12:29:50Z",
  "ocid": "ocds-h6vhtk-044590",
  "buyer": {
    "id": "GB-FTS-1038",
    "name": "Renfrewshire Council"
  },
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  ],
  "tender": {
    "id": "RC-CPU-23-222",
    "lots": [
      {
        "id": "1",
        "status": "active",
        "renewal": {
          "description": "The Contract has the option to extend for up to two (2) years.\nAny extension will be at the sole discretion of Renfrewshire Council, and dependent on satisfactory performance."
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "The Tender Procedure will be conducted in accordance with an above Government Procurement Agreement (GPA) Threshold Open Tender procedure relating to a Services Contract. Additional information: PLEASE NOTE: TOTAL TECHNICAL QUALITY ASSESSMENT SECTION HAS A MINIUMUM SCORING THRESHOLD of 60%\nPlease see below for details.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Cyber Security and Principles",
              "type": "quality",
              "description": "Pass/Fail"
            },
            {
              "name": "Team",
              "type": "quality",
              "description": "16"
            },
            {
              "name": "Fund Management",
              "type": "quality",
              "description": "20"
            },
            {
              "name": "Risk and Operational Management",
              "type": "quality",
              "description": "12"
            },
            {
              "name": "Turnover",
              "type": "quality",
              "description": "3"
            },
            {
              "name": "Performance Management",
              "type": "quality",
              "description": "8"
            },
            {
              "name": "Relationship Management",
              "type": "quality",
              "description": "7"
            },
            {
              "name": "Discretionary Agreement",
              "type": "quality",
              "description": "4"
            },
            {
              "name": "Set Up",
              "type": "quality",
              "description": "2"
            },
            {
              "name": "Community Benefits",
              "type": "quality",
              "description": "4"
            },
            {
              "name": "Fair Work First",
              "type": "quality",
              "description": "4"
            },
            {
              "type": "price",
              "description": "20"
            }
          ]
        },
        "contractPeriod": {
          "durationInDays": 1080
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
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        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKM83"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66100000",
            "scheme": "CPV",
            "description": "Banking and investment services"
          }
        ]
      }
    ],
    "title": "Active Multi Asset Investment Manager",
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "bidOpening": {
      "date": "2024-04-05T12:30:00+01:00",
      "description": "The tender will be opened in line with the Council's Standing Orders Relating to Contracts."
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2024-04-05T12:30:00+01:00"
    },
    "description": "Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the “Investment Manager” or “ Service Provider”) to manage the investments and generate a return which is then distributed to support community projects.\nThe Investment Manager will manage:\n- the Paisley Common Good Fund and the Renfrew Common Good Fund (“Common Good Funds”),\n- the Renfrewshire Educational Trust (“Educational Trust”) and\n- the Renfrewshire Council Insurance Fund (“Insurance Fund”)",
    "tenderPeriod": {
      "endDate": "2024-04-05T12:00:00+01:00"
    },
    "communication": {
      "atypicalToolUrl": "http://www.publictendersscotland.publiccontractsscotland.gov.uk/"
    },
    "contractTerms": {
      "performanceTerms": "Tenderers must be registered with the appropriate financial body ie The Financial Conduct Authority and/or the Prudential Regulation Authority (as appropriate)",
      "hasElectronicPayment": true,
      "hasElectronicOrdering": true,
      "electronicInvoicingPolicy": "allowed"
    },
    "hasRecurrence": false,
    "reviewDetails": "An economic operator that suffers or risks suffering, loss or damage attributable to breach of duty under the Public Contracts (Scotland) Regulations 2015 (SSI 2015/446, as amended) may bring proceedings in the Sheriff Court or the Court of Session in accordance with Regulation 88 of the 2015 Regulations.",
    "classification": {
      "id": "66100000",
      "scheme": "CPV",
      "description": "Banking and investment services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ]
    },
    "submissionMethod": [
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    ],
    "otherRequirements": {
      "requiresStaffNamesAndQualifications": true
    },
    "procurementMethod": "open",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "suitability",
          "appliesTo": [
            "supplier"
          ],
          "description": "Tenderers must be registered with the appropriate financial body ie The Financial Conduct Authority and/or the Prudential Regulation Authority part of the Bank of England."
        },
        {
          "type": "economic",
          "appliesTo": [
            "supplier"
          ],
          "description": "Minimum level(s) of standards required:\nThe Council will use a Dun & Bradstreet (D&B) Failure Score of 20 or above.\nIt is recommended that Tenderer’s review their own D&B Failure Score in advance of submitting their SPD Submission.\nIf, following this review the Tenderer considers that the D&B Failure Score does not reflect their current financial status; the Tenderer should give an explanation within the SPD Submission, together with any relevant supporting independent evidence i.e. audited accounts.\nWhere the Tenderer is under no obligation to publish accounts and therefore does not have a D&B Failure Score, they must provide their audited financial accounts for the previous 2 years as part of their SPD Submission in order that the Council may assess these to determine the suitability of the Tenderer to undertake a contract of this size.\nInsurances\n- Employers Liability – statutory 5 million GBP, each and every claim\n- Public Liability – minimum 5 million GBP, each and every claim\n- Professional Indemnity - 2 million GBP, each and every claim\n- Motor Vehicle ((where a motor vehicle is used in the delivery of the service, eg Contract Management meetings) Third party Motor Vehicle cover (statutory) to be evidenced with a MV certificate in the COMPANY name\nOR where there is no company fleet and employees use their own vehicles instead, a letter signed by a person of appropriate authority confirming that the provider has ongoing arrangements in place to ensure that employees' vehicles are appropriately insured and maintained for business purposes."
        },
        {
          "type": "technical",
          "appliesTo": [
            "supplier"
          ],
          "description": "Tenderers will be required to provide examples that demonstrate that they have the relevant experience to deliver these services\nTenderers will be required to confirm whether they intend to subcontract, and if so, for what proportion of the contract."
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "http://www.publictendersscotland.publiccontractsscotland.gov.uk/",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-1038",
      "name": "Renfrewshire Council",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKM83",
        "locality": "Paisley",
        "postalCode": "PA1 1JB",
        "countryName": "United Kingdom",
        "streetAddress": "Renfrewshire House, Cotton Street"
      },
      "details": {
        "url": "http://www.renfrewshire.gov.uk",
        "buyerProfile": "https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00400",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local authority"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "Renfrewshire Council"
      },
      "contactPoint": {
        "url": "http://www.publictendersscotland.publiccontractsscotland.gov.uk/",
        "email": "shona.brydson@renfrewshire.gov.uk",
        "faxNumber": "+44 00000000",
        "telephone": "+44 00000000"
      }
    },
    {
      "id": "GB-FTS-13881",
      "name": "See VI.4.3 below",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "See VI.4.3 below",
        "countryName": "United Kingdom"
      },
      "details": {
        "url": "http://www.renfrewshire.gov.uk"
      },
      "identifier": {
        "legalName": "See VI.4.3 below"
      }
    }
  ],
  "language": "en",
  "description": "Presentations - MINIMUM SCORING THRESHOLD OF 60% (TECHNICAL QUESTIONS)\nAfter the evaluation of the technical submissions has taken place, qualifying tenderers (see below) will be required to undertake a presentation of their tender submission.\nAll tenderers who obtain a score of  60% and above (out of the 80% available) will be invited to undertake a presentation of their tender submission.\nAll tenderers who obtain a score of 59.99% and below (out of the 80% available) will be excluded from the Procurement Process, with the Pricing Schedule within their Tender Submission not being considered.\nThe Council reserves the right to modify by reducing scores, based on the responses provided at the presentation.\nIt is anticipated that the presentations will take place week commencing 29 April 2024. The exact details will be advised during the evaluation period and communicated by invitation message sent via the Public Contracts Scotland – Tender portal.\n|\n- The Council's advisor Hymans Robertson LLP will assist the Council with the procurement process and they will only have access to the Quality element of Tenderers Submissions.  All scoring of the Tender Submissions will be undertaken by Council Officers.\nThe buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 53611. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343\nCommunity benefits are included in this requirement. For more information see: https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/\nA summary of the expected community benefits has been provided as follows:\nTenderers should refer to the Invitation to Tender document (Technical Questions) and the associated documents/guidance within the Supplier Attachment Area.\n(SC Ref:757610)",
  "initiationType": "tender"
}