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PROCUREMENT OPPORTUNITY

PURCH2766 Provision of Passive Investment Manager

University of Glasgow · compiled

Tender information last checkedLast checked 30 Sept 2026, 06:21.

Opportunity overview

PURCH2766 Provision of Passive Investment Manager Tender documents available from Public Contracts Scotland. Tender returns should be submitted via Public Contracts Scotland, no paper copies will be accepted. Should paper tenders be submitted, they will be rejected. Further to this any questions or communications regarding individual tender exercises must be sent via the Public Contracts Scotland Portal. Tender queries received through any other channel will not be answered. Should users of Public Contracts Scotland have any problems with the web site they should contact website Support Desk, contact details can be found by following the ‘Contact Us’ option on the left hand menu at http://www.publiccontractsscotland.gov.uk/default.aspx

Classification

  • CPV66140000 — Portfolio management services

Lots

  • PURCH2766 Provision of Passive Investment Manager This procurement process is being conducted using the Competitive Procedure with Negotiation (CPN) in accordance with the requirements of Regulation 30 of the PC(S)R 2015. Although this procurement is being conducted under the Competitive Procedure with Negotiation (CPN), it is structured differently from a typical CPN process. This approach has been adopted to enhance the efficiency of evaluating supplier responses across both stages (SPD and ITT). The University is currently exploring the option to allocate a portion of its endowment funds to a segregated, passively managed equity strategy that explicitly targets net zero emissions by 2050. The investment mandate must be equity only with a passive approach, combined with a carbon reduction target. Please refer to the PURCH2766 - Investment Manager - Invitation to Tender Goods or Services document for additional information.Value not stated

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
PURCH2766
Status
active
Has Recurrence
No
Procurement Method
open
Main Procurement Category
services
Procurement Method Details
Open procedure

Covered By

GPA

Bid Opening

Date
25 Aug 2025, 12:00

Legal basis

Id
32014L0024
Scheme
CELEX

Expected award period

Starts
25 Aug 2025, 12:00

Tender Period

Ends
25 Aug 2025, 12:00

Contract terms

Has Electronic Payment
Yes
Has Electronic Ordering
Yes
Electronic Invoicing Policy
allowed

Classification

Id
66140000
Scheme
CPV
Description
Portfolio management services

Submission terms

Languages

en

Submission Method

electronicSubmission

Selection criteria

Criteria

Criterion 1
Minimum
-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 GBP); -Professional indemnity insurance with a limit of indemnity of not less than ten million pounds sterling 10,000,000 GBP in relation to any one claim or series of claims -The supplier is required to provide a minimum of 3 number of years accounts clearly showing a minimum yearly turnover of 500,000 GBP equating to approximately (2) x Estimated value of the Contract advertised.

Lots and requirements

Entry 1
Id
1
Status
active
Has Options
No
Has Renewal
Yes
Description
PURCH2766 Provision of Passive Investment Manager This procurement process is being conducted using the Competitive Procedure with Negotiation (CPN) in accordance with the requirements of Regulation 30 of the PC(S)R 2015. Although this procurement is being conducted under the Competitive Procedure with Negotiation (CPN), it is structured differently from a typical CPN process. This approach has been adopted to enhance the efficiency of evaluating supplier responses across both stages (SPD and ITT). The University is currently exploring the option to allocate a portion of its endowment funds to a segregated, passively managed equity strategy that explicitly targets net zero emissions by 2050. The investment mandate must be equity only with a passive approach, combined with a carbon reduction target. Please refer to the PURCH2766 - Investment Manager - Invitation to Tender Goods or Services document for additional information.

Renewal

Description
Period of 12 months with an option to extend for 4 periods of 12 months each.

Award criteria

Criteria

Criterion 1
Name
Quality - Section 1 – Business Management
Type
quality
Description
10%
Criterion 2
Name
Quality - Section 2 - Team
Type
quality
Description
10%
Criterion 3
Name
Quality - Section 3 - Investment Process
Type
quality
Description
15%
Criterion 4
Name
Quality - Section 4 - Risk Management
Type
quality
Description
10%
Criterion 5
Name
Quality - Section 5 - Quantitative and Performance
Type
quality
Description
10%
Criterion 6
Name
Quality - Section 6 - Investment Approach
Type
quality
Description
7%
Criterion 7
Name
Quality - Section 7 - ESG Risk Management
Type
quality
Description
2%
Criterion 8
Name
Quality - Section 8 - Stewardship
Type
quality
Description
5%
Criterion 9
Name
Quality - Section 9 - Reporting
Type
quality
Description
4%
Criterion 10
Name
Quality - Section 10 - Collaboration
Type
quality
Description
2%
Criterion 11
Name
Interview
Type
quality
Description
5%
Criterion 12
Type
price
Description
20%

Contract period

Duration In Days
1,800

Submission terms

Variant Policy
notAllowed

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery Location

Description
Glasgow

Delivery locations

Entry 1
Region
UKM82

Published documents

Entry 1
Id
technical
Document Type
technicalSelectionCriteria

Buyer, suppliers and contacts

Organisation 1
Id
GB-FTS-1836
Name
University of Glasgow

Roles

buyer

Address

Region
UKM82
Locality
Glasgow
Postal Code
G12 8QQ
Country Name
United Kingdom
Street Address
Procurement Office, Tay House

Details

Classifications

Entry 1
Id
BODY_PUBLIC
Scheme
TED_CA_TYPE
Description
Body governed by public law
Entry 2
Id
09
Scheme
COFOG
Description
Education

Identifier

Legal Name
University of Glasgow

Contact

Name
Stephen Otiende
Fax Number
+44 0000000000
Telephone
+44 1413304012
Organisation 2
Id
GB-FTS-1837
Name
Glasgow Sheriff Court & Justice of the Peace Court

Roles

reviewBody

Address

Locality
Glasgow
Postal Code
G5 9TW
Country Name
United Kingdom
Street Address
1 Carlton Place

Identifier

Legal Name
Glasgow Sheriff Court & Justice of the Peace Court

Contact

Telephone
+44 1414298888

Recorded locations

  • Buyer location · Glasgow · UKM82 · G12 8QQ · United Kingdom
  • Delivery location · UKM82

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-0564eb-2025-07-23T16:57:17+01:00compiled ·