Find a TenderAwarded

Published 21 Nov 2022, 18:02 GMT

Official UK procurement notice

QUB/2340/22 Independent Investment Advisory Service

Official notice

Authority: Queen's University Belfast (Education)

ServicesOpen procedureSME suitable

Sectors: Financial and insurance services (66) Delivery: Northern Ireland (UKN06)

Awarded value£600,000published contract · exc. VAT

Submissions closed 21 Dec 2022awarded 27 Mar 2023

Awarded to Lane Clark & Peacock LLP

What is being bought

Published requirement description

Queen's University Belfast is seeking tenders from competent and experienced Independent Investment Advisors to support the University and its Investment Committee in development of a holistic Investment Strategy in support of the delivery of Strategy 2030. Economic Operators must be authorised to provide investment advisory services within Northern Ireland and demonstrate that they can provide such services in accordance with the relevant professional standards.

Recurrence: 66 months

CPV: Banking and investment services

The lotProcurement structure

single lot · no lot value published

Lot #1The University is seeking tenders from competent and experienced Independent…AwardedRenewal

The University is seeking tenders from competent and experienced Independent Investment Advisors to support the University and its Investment Committee in development of a holistic Investment Strategy in support of the delivery of Strategy 2030. Economic Operators must be authorised to provide investment advisory services within Northern Ireland and demonstrate that they can provide such services in accordance with the relevant professional standards.The contract will be for an initial period of 4 years with options to extend by up to a further 36 months.

Delivery: Northern Ireland

Extensions: The contract is for a period of 4 years with options to extend by up to a further 36 months. · The contract may be subject to renewal subject to satisfactory performance during the initial 4 year period plus any options to extend that may be exercisedVariant bids: not allowed

66100000 Banking and investment services

What it takes to win
i
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more

How bids were scored

Quality: 70%Price: 30%

Published sub-criteria (2)

Technical: 70%
price: 30%

Published award criteria (2)

Technical: 70
Price: 30

Staff: Names and qualifications of delivery staff must be submitted

What this means for your bid

Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record

Procedure method: Open procedure
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded
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: Yes · 66 months
First published: 21 Nov 2022, 18:02 GMT
Last source update: 27 Mar 2023, 16:46 BST
Award evaluation window: 21 Dec 2022 – …
Authority reference: QUB/2340/22
FTS notice number: 2023/S 000-008872
Classification (CPV): Banking and investment services
Delivery area: Northern Ireland (UKN06)
Official registry OCID: ocds-h6vhtk-038723 Find a Tender

How it was run

Official notice

Run through: portal not identified

Language: EN

Tender documents are also served through a separate tool: https://www.in-tendhost.com/queensuniversitybelfast/aspx/Home ↗

Submission deadline: 21 Dec 2022, 16:00 GMT
Submission channel: {"written"}
Accepted languages: en
Bids opened: 21 Dec 2022, 16:30 GMT

Timeline

21 Dec 2022 → 27 Mar 2023 · 3 dates

Submission deadline
21 Dec 2022, 16:00 GMT
Bids opened
21 Dec 2022, 16:30 GMT
Notice published
27 Mar 2023, 16:46 BST

Notice history

1 event · 2 releases on Find a Tender

Status changed to complete
27 Mar 2023, 16:46 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £600,0001 contract exc. VAT

Bids received 41 from SMEs

Contracts signed 1latest 27 Mar 2023

Awarded to	Value	Date	Status
Lane Clark & Peacock LLPIndependent Investment Advisory Service	£600,000 †	—	Awarded

Contracts

Independent Investment Advisory Service · Lane Clark & Peacock LLP
Signed
27 Mar 2023
Value
£600,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
4bids · 4 electronic	1	—	—

Contracting authority & participating public bodies

Queen's University Belfast

Contracting authorityEducationBody governed by public lawEducation Purchasing Office, University Road, Belfast, Northern Ireland, BT7 1NNContact email, phone Published organisation website ↗

Bidders & participating suppliers

1 commercial party on the notice

Lane Clark & Peacock LLPAwarded supplier 95 Wigmore Street, London, London, W1U 1DQContact phone

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

Economic and financial selection criteriatenderEconomic and financial selection criteria
Technical selection criteriatenderTechnical selection criteria