Find a TenderAwarded

Published 3 Mar 2026, 15:09 GMT

Official UK procurement notice

Investment Services - University of Aberdeen

Official notice

Authority: University of Aberdeen (Education)

ServicesOpen procedure

Sectors: Financial and insurance services (66) Delivery: Scotland (UKM50)

Awarded value£2,052,000published contract · exc. VAT

Submissions closed 10 Apr 2026awarded 15 Jul 2026

Awarded to Mercer

What is being bought

Published requirement description

Award of contract for for investment advice and custodianship services of the University and DT SCIO investment Portfolios.

CPV: Corporate finance and venture capital services · Financial consultancy services

The lotProcurement structure

single lot · no lot value published

Lot #1AwardedRenewal

Delivery: Scotland

Extensions: An initial term of 5 years from 5 July 2026. The Investment Committee will have the option of extending the contract (either singly or in phases) for up to two additional periods of 2 years, subject to satisfactory annual review and mutual agreement.Variant bids: not allowed

66171000 Financial consultancy 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: 80%Price: 20%

Published sub-criteria (2)

Technical: 80%
price: 20%

Published award criteria (2)

Technical: 80
Price: 20

What this means for your bid

Price carries 20 of 100 points: a 10% discount moves about 2 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 · publisher note attached

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: No (one-off requirement)
First published: 3 Mar 2026, 15:09 GMT
Last source update: 22 Sept 2026, 13:33 BST
Award evaluation window: 10 Apr 2026 – …
Authority reference: AU25/14
FTS notice number: 2026/S 000-089637
Classification (CPV): Corporate finance and venture capital servicesFinancial consultancy services
Delivery area: Scotland (UKM50)
Official registry OCID: ocds-h6vhtk-066131 Find a Tender

Contract terms

Electronic trading: e-invoicing allowed · electronic ordering · electronic payment

Publisher note: (SC Ref:843675)

How it was run

Official notice

Run through: Public Contracts Scotland · Who buys & how to bid on PCS

Supplier login requiredLanguage: EN

Access & registration note: Free single registration for Scotland; PCS-Tender (Jaggaer) for full bidding

Submission deadline: 10 Apr 2026, 12:00 BST
Submission channel: {"electronicSubmission"}
Accepted languages: en
Bid validity: 90 days from the deadline
Bids opened: 10 Apr 2026, 12:00 BST

Detailed submission instructions & authority contactsFrom official release

www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public… ↗

Timeline

10 Apr 2026 → 22 Sept 2026 · 3 dates

Submission deadline195 days ago
10 Apr 2026, 12:00 BST
Bids opened195 days ago
10 Apr 2026, 12:00 BST
Notice published30 days ago
22 Sept 2026, 13:33 BST

Notice history

1 event · 2 releases on Find a Tender

Status changed to complete
22 Sept 2026, 13:33 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £2,052,0001 contract exc. VAT

Bids received 6

Contracts signed 1latest 15 Jul 2026

Awarded to	Value	Date	Status
Mercer	£2,052,000 †	—	Awarded

Contracts

Contract 089637-2026-AU25/14-1 · Mercer
Signed
15 Jul 2026
Value
£2,052,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
6bids · 6 electronic · 6 from abroad	0	—	—

Contracting authority & participating public bodies

University of Aberdeen

Contracting authorityEducationBody governed by public lawEducation University Office, King's College, Aberdeen, Scotland, AB24 3FXContact email Published organisation website ↗

Dispute resolution & review bodies

Aberdeen Sheriff CourtReview body Aberdeen

Bidders & participating suppliers

1 commercial party on the notice

MercerAwarded supplier Quartermile One, 15 Lauriston Place, Edinburgh, UK, EH3 9EP

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