Official UK procurement notice
SE Pension Scheme Trustee Services: Investment Consulting Service
Authority: Scottish Enterprise
What is being bought
Published requirement descriptionThe Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are tendering to appoint a single supplier for provision of an Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028.
CPV: Group pension services · Pension fund consultancy services · Pension fund management services · Pension investment services · Pension services
The lotProcurement structure
single lot · value publishedLot #1The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme)…AwardedRenewalPublished value£1,200,150
The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are to tender for the provision of a Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028. Parties believing they have appropriate capability should respond to this invitation to tender.
The Scheme Trustees are looking for a value for money provider, albeit quality of service and personnel will be as important as price.
The trustees are seeking a good mix of innovation and pragmatism in their service provider. Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.
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 sub-criteria (9)
- Added Value: 19
- Team capbility and structure: 18
- Understanding of requirements: 17
- Methodology - features of approach: 16
- Operational management, management processes, efficiency of systems, risk management: 10
- Information Security: 10
- Business Continuity: 5
- Fair Work First: 5
- price: 40
Published award criteria (10)
- Added Value: 19
- Team capbility and structure: 18
- Understanding of requirements: 17
- Methodology - features of approach: 16
- Operational management, management processes, efficiency of systems, risk management: 10
- Information Security: 10
- Business Continuity: 5
- Fair Work First: 5
- Prompt Payment: Pass/Fail
- Price: 40
- Suitability
The relevant selection criteria will be included in the SPD Scotland module.
Q4A1 - The bidder is required to be registered with the Financial Conduct Authority or equivalent.
- Economic & financial standing
The relevant selection criteria will be included in the SPD Scotland module.
- Technical & professional ability
The relevant selection criteria will be included in the SPD Scotland module.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 40 of 140 points: a 10% discount moves about 4 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
- 27 Mar 2024, 16:17 GMT
- Last source update
- 19 Jul 2024, 11:10 BST
- Award evaluation window
- 1 May 2024 – …
- Authority reference
P24-0106- FTS notice number
2024/S 000-022445- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-044dc7Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Review procedure
In the first instance, contact the Head of Facilities Management and Procurement at Scottish Enterprise, with any concerns or enquiries. Email: www.scottish-enterprise.com/help/contact-us ↗.
An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under the Public Contracts (Scotland) Regulations 2015, may bring proceedings that will be started in the High Court.
Publisher note: THIS IS THE CONTRACT AWARD NOTICE. This is a relevant climate change contract, bidders are required to complete and return the attached Climate Change Plan template. SPD Statement for 2A.17 – Form of Participation (Notably as part of a group, consortium, joint venture or similar). Any contract will be entered into with the nominated lead organisation and all members of the consortium, who will in these circumstances each be required to execute said contract together with all ancillary documentation, evidencing their joint and several liability in respect of the obligations and liabilities of the contract. It will be for members of the consortium to sort out their respective duties and liabilities amongst each other. For administrative purposes, any associated documentation will be sent to the nominated lead organisation. SPD Statement for 2C.1 - Where the main bidder relies on the capacities of other entities in order to meet the selection criteria, the bidder must provide a separate SPD response setting out the information required under SPD (Scotland): Part II (sections A and B); Part III exclusion grounds; the relevant part of Section IV selection criteria; and Part V (if applicable) for each of the entities concerned. SPD Statement for 2D.1.2 – If the bidder proposes to subcontract any part(s) of the service and those sub-contractors are not relied upon, they should arrange for a separate SPD response from each potential subcontractor. The subcontractors must complete the relevant parts of the SPD (Scotland) (Sections A and B of Part II and Part III only) to self-declare whether there are grounds for their exclusion. [This may be requested at the selection stage or prior to the subcontractor commencing work on the contract.] (SC Ref:772942)
How it was run
Official noticeTender documents are also served through a separate tool: http://www.publiccontractsscotland.gov.uk ↗
- Submission deadline
- 1 May 2024, 11:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 1 May 2024, 11:00 BST
Timeline
1 May 2024 → 19 Jul 2024 · 3 dates- Submission deadline1 May 2024, 11:00 BST
- Bids opened1 May 2024, 11:00 BST
- Notice published19 Jul 2024, 11:10 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete19 Jul 2024, 11:10 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Isio | £1,200,000 † | — | Awarded |
Contracts
Contract 022445-2024-P24-0106-1 · Isio
- Signed
- 19 Jul 2024
- Value
- £1,200,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids · 4 electronic · 4 from abroad | 1 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Glasgow Sheriff Court and Justice of the Peace CourtReview body
- Scottish GovernmentMediation bodyReview contact point
Bidders & participating suppliers
1 commercial party on the notice- IsioAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.