Fiduciary Management · UK public procurement notice

Official notice

Authority: General Medical Council (GMC) (Local council)

ServicesOpen procedure

Sectors: Financial and insurance services (66) Delivery: UK

Published estimate£225,000exc. VAT

Submissions closed 15 Jun 2022

What is being bought

Published requirement description

The Trustees have appointed a Fiduciary Manager. The trustees set the overall investment strategy (including the long term risk and return objectives) and then delegate investment decisions and day-to-day running of the portfolio to their fiduciary manager. The FM arrangement has been in place since 2014. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.

CPV: Banking and investment services

The lotProcurement structure

single lot · value published

Lot #1RenewalPublished value£225,000

Delivery: UK

Extensions: One yearVariant bids: not allowed

66100000 Banking and investment services

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Open procedure
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Closed
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Yes (GPA)
Recurring procurement: No (one-off requirement)
First published: 11 May 2022, 10:29 BST
Last source update: 11 May 2022, 10:29 BST
Award evaluation window: 15 Jun 2022 – …
Authority reference: GMC1611
FTS notice number: 2022/S 000-012226
Classification (CPV): Banking and investment services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-03365f Find a Tender

Publisher note: NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at https://www.mytenders.co.uk/Search/Search_Switch.aspx?ID=226254. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.mytenders.co.uk/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:226254)