Official UK procurement notice
PURCH2766 Provision of Passive Investment Manager
Authority: University of Glasgow (Education)
Sectors: Financial and insurance services (66) Delivery: Scotland (UKM82)
Awarded value£555,000published contract · exc. VAT
Submissions closed 25 Aug 2025awarded 11 Sept 2026
Awarded to Amundi Investment Solutions
What is being bought
Published requirement descriptionAward of PURCH2766 Provision of Passive Investment Manager
CPV: Portfolio management services
The lotProcurement structure
single lot · no lot value publishedLot #1Award of PURCH2766 Provision of Passive Investment ManagerAwardedRenewal
Award of PURCH2766 Provision of Passive Investment Manager
For a maximum period of five years with an initial fixed period of 12 months with the option to extend for a further 4 x 12 months.
What it takes to wini
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 morei
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).
How bids were scored
Published sub-criteria (12)
- Quality - Section 1 – Business Management: 10%
- Quality - Section 2 - Team: 10%
- Quality - Section 3 - Investment Process: 15%
- Quality - Section 4 - Risk Management: 10%
- Quality - Section 5 - Quantitative and Performance: 10%
- Quality - Section 6 - Investment Approach: 7%
- Quality - Section 7 - ESG Risk Management: 2%
- Quality - Section 8 - Stewardship: 5%
- Quality - Section 9 - Reporting: 4%
- Quality - Section 10 - Collaboration: 2%
- Interview: 5%
- price: 20%
Published award criteria (12)
- Quality - Section 1 – Business Management: 10%
- Quality - Section 2 - Team: 10%
- Quality - Section 3 - Investment Process: 15%
- Quality - Section 4 - Risk Management: 10%
- Quality - Section 5 - Quantitative and Performance: 10%
- Quality - Section 6 - Investment Approach: 7%
- Quality - Section 7 - ESG Risk Management: 2%
- Quality - Section 8 - Stewardship: 5%
- Quality - Section 9 - Reporting: 4%
- Quality - Section 10 - Collaboration: 2%
- Interview: 5%
- Price: 20%
Conditions of participation1
- Condition of participationno text publishedMinimum: -Public liability insurance with a limit of indemnity of not less than five million pounds sterling (5,000,000 GBP) in relation to any one claim or series of claims; -Employer's liability insurance with a limit of indemnity of not less than five million pounds sterling (5,000,000…
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
- 23 Jul 2025, 16:57 BST
- Last source update
- 23 Oct 2026, 15:54 BST
- Award evaluation window
- 25 Aug 2025 – …
- Authority reference
PURCH2766- FTS notice number
2026/S 000-100685- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0564ebFind a Tender
Contract terms
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: (SC Ref:845620)
How it was run
Official noticeRun through: Public Contracts Scotland · Who buys & how to bid on PCS
Access & registration note: Free single registration for Scotland; PCS-Tender (Jaggaer) for full bidding
- Submission deadline
- 25 Aug 2025, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 25 Aug 2025, 12:00 BST
Detailed submission instructions & authority contactsFrom official release
Timeline
25 Aug 2025 → 23 Oct 2026 · 3 dates- Submission deadline25 Aug 2025, 12:00 BST
- Bids opened25 Aug 2025, 12:00 BST
- Notice published1 day ago23 Oct 2026, 15:54 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete23 Oct 2026, 15:54 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecastAwards 1
Awarded value £555,0001 contract exc. VAT
Bids received 74 from SMEs
Contracts signed 1latest 11 Sept 2026
| Awarded to | Value | Date | Status |
|---|---|---|---|
| Amundi Investment Solutions | £555,000 † | — | Awarded |
Contracts
Contract 100685-2026-PURCH2766-1 · Amundi Investment Solutions
- Signed
- 11 Sept 2026
- Value
- £555,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 7bids · 7 electronic · 7 from abroad | 4 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Glasgow Sheriff Court & Justice of the Peace CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- Amundi Investment SolutionsAwarded supplier
Official documents & specifications (1)
Official links; attachments are not copiedTender pack and attachments
- Technical selection criteria