Official UK procurement notice
Scottish National Investment Bank - Investment Management System
Authority: Scottish National Investment Bank
What is being bought2 lots · detail below
Published requirement descriptionAn end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.
CPV: Investment management software development services · Investment management software package
Lots and requirements (2)Procurement structure
2 lots · no lot values published · same evaluation weights on every lotLot #1Fund AdministrationAwarded
Background and system purpose –
The Scottish National Investment Bank (the “Bank”) is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank’s expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System’s initial four-year contract period, with the investment count / AUM increasing smoothly over that period.
The Bank’s investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time.
The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank’s Impact, Portfolio Management, and Investment Operations teams.
Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management.
Bank System Architecture and user base
Preference is for remote hosting / software as a service.
Lot #2Portfolio ManagementAwarded
Background and system purpose –
The Scottish National Investment Bank (the “Bank”) is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank’s expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System’s initial four-year contract period, with the investment count / AUM increasing smoothly over that period.
The Bank’s investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time.
The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank’s Impact, Portfolio Management, and Investment Operations teams.
Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management.
Bank System Architecture and user base
Preference is for remote hosting / software as a service.
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).
Published award criteria (2)
- Quality: 65
- Price: 35
- Price carries 35 of 100 points: a 10% discount moves about 3.5 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
- Goods
- 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
- Unspecified in notice
- First published
- 23 Dec 2022, 12:11 GMT
- Last source update
- 23 Dec 2022, 12:11 GMT
- FTS notice number
2022/S 000-036521- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-039417Find a Tender
Publisher note: (SC Ref:717947)
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Fund Administration1 award | |||
| FIS Global | £390,000 † | — | Awarded |
| Lot 2 · Portfolio Management1 award | |||
| PortF.ioSME | £312,000 † | — | Awarded |
Contracts
Portfolio Management · PortF.ioSME
- Signed
- 7 Dec 2022
- Value
- £312,000
- Status
- active
Fund Administration · FIS Global
- Signed
- 14 Oct 2022
- Value
- £390,000
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Fund Administration | 8bids · 8 electronic · 8 from abroad | 1 | — | — |
| 2 · Portfolio Management | 9bids · 9 electronic · 9 from abroad | 2 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Sheriff CourtReview body
Bidders & participating suppliers
2 commercial parties on the notice- FIS GlobalAwarded supplier
- PortF.ioAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.