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Official procurement procedure
Scottish National Investment Bank - Investment Management System
Investment management software development services
Investment management software package
Published value
Not published
Submission deadline Not published
Lots published2
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Scottish National Investment Bank: "Scottish National Investment Bank - Investment Management System". Published status: complete. Published value: Value not published. 2 published lots. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Scottish National Investment Bank | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Scottish National Investment Bank
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Scottish National Investment Bank. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Competition Density
10Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 9 active published awards; 9 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityScottish National Investment Bank | Procedure methodNot published | Procurement categoryNot published |
Statuscomplete | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published23 Dec 2022, 12:11 GMT | Last source update23 Dec 2022, 12:11 GMT | Recurring procurementNot published |
ClassificationInvestment management software development services, Investment management software package | ||
Delivery area | ||
OCIDocds-h6vhtk-039417 | ||
What is being bought
An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.
What changed
From the official release history
- Status changed to complete
23 Dec 2022, 12:11 GMT - Official notice release published
23 Dec 2022, 12:11 GMT - Buyer information updated
23 Dec 2022, 12:11 GMT
Lots and requirements (2)
Published by the contracting authority
- Lot 1 · #1Fund AdministrationcancelledPublished valueNot publishedBackground 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.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
- Lot 2 · #2Portfolio ManagementcancelledPublished valueNot publishedBackground 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.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
23 Dec 2022, 12:11 GMT - Award active
Not published · Not published - Award active
Not published · Not published - Contract active
Signed 7 Dec 2022, 00:00 GMT · £312,000 - Contract active
Signed 14 Oct 2022, 00:00 BST · £390,000
Commercial outcome and competition
Awards FIS Global Not published · Not published · active PortF.io Not published · Not published · active |
Contracts Portfolio Management £312,000 · signed 7 Dec 2022, 00:00 GMT · active Fund Administration £390,000 · signed 14 Oct 2022, 00:00 BST · active |
Bid statistics bids: 8 (lot 1) electronicBids: 8 (lot 1) foreignBidsFromEU: 0 (lot 1) foreignBidsFromNonEU: 8 (lot 1) smeBids: 1 (lot 1) bids: 9 (lot 2) electronicBids: 9 (lot 2) foreignBidsFromEU: 0 (lot 2) foreignBidsFromNonEU: 9 (lot 2) smeBids: 2 (lot 2) |
Buyer and organisations in this procedure
Scottish National Investment Bank
Contracting authority GB-FTS-12628Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published