Servicios - 439007-2019

18/09/2019    S180    Services - Contract award notice - Restricted procedure 

United Kingdom-Durham: Banking and investment services

2019/S 180-439007

Contract award notice

Results of the procurement procedure

Services

Legal Basis:
Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses
Official name: University of Durham
National registration number: RC000650
Postal address: Procurement Service, Mountjoy Centre, Hawthorn Wing
Town: Durham
NUTS code: UKC1 Tees Valley and Durham
Postal code: DH1 3LE
Country: United Kingdom
Contact person: Lyndsay Glasper
E-mail: lyndsay.glasper@durham.ac.uk
Telephone: +44 1913344530

Internet address(es):

Main address: www.dur.ac.uk

Address of the buyer profile: http://events.transaxions.com/service.aspx?event=6790

I.2)Information about joint procurement
I.4)Type of the contracting authority
Body governed by public law
I.5)Main activity
Education

Section II: Object

II.1)Scope of the procurement
II.1.1)Title:

Investment Management

Reference number: OJEU18-018
II.1.2)Main CPV code
66100000 Banking and investment services
II.1.3)Type of contract
Services
II.1.4)Short description:

The University currently has a number of endowment funds, which have been established by external donations to support specified departmental, college or student activities. These are invested in capital market investments in order to grow the capital and income in real terms into the longer term. The endowments funds are expected to continue into perpetuity.

This tender is to appoint an investment management supplier who will be the principal source of expert investment advice to the University's Finance Committee, advising on matters such as risk profile, income and capital growth targets, asset allocation and the selection of suitable investment funds.

II.1.6)Information about lots
This contract is divided into lots: no
II.1.7)Total value of the procurement (excluding VAT)
Value excluding VAT: 2 000 000.00 EUR
II.2)Description
II.2.1)Title:
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
NUTS code: UKC14 Durham CC
II.2.4)Description of the procurement:

The University currently has a number of endowment funds, which have been established by external donations to support specified departmental, college or student activities. These are invested in capital market investments in order to grow the capital and income in real terms into the longer term. The endowments funds are expected to continue into perpetuity.

This tender is to appoint an investment management supplier who will be the principal source of expert investment advice to the University's Finance Committee, advising on matters such as risk profile, income and capital growth targets, asset allocation and the selection of suitable investment funds.

The supplier will be required to provide information and guidance on issues that impact on the University’s investment portfolio and draw to the committee’s attention relevant issues and identify developments and changes required to ensure that the committee are kept informed of best practice. The supplier would also, with appropriate delegation from the finance committee, action any changes in the investment portfolio.

The core service requirements are:

— provision of advice regarding a suitable investment strategy and asset allocation,

— provision of advice on any amendments required to University investment policy to reflect the agreed investment strategy,

— management of the implementation of changes to investment arrangements,

— access to a monitoring portal which would allow the University to review the status of the investment portfolio(s) at any time,

— regular monitoring and management of the investments, and preparation of a report to each finance committee as required,

— provision of regular updates on the identification and development of strategic investment opportunities,

— provision of training/coaching sessions as required,

— attendance at finance committee meetings.

II.2.5)Award criteria
Quality criterion - Name: Appropriateness of solution / Weighting: 80 %
Price - Weighting: 20 %
II.2.11)Information about options
Options: yes
Description of options:

Following the initial contract term, there are 2 further extension periods of twenty-four (24) months, subject to requirement and supplier performance.

II.2.13)Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section IV: Procedure

IV.1)Description
IV.1.1)Type of procedure
Restricted procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.6)Information about electronic auction
IV.1.8)Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure
Notice number in the OJ S: 2019/S 057-131712
IV.2.8)Information about termination of dynamic purchasing system
IV.2.9)Information about termination of call for competition in the form of a prior information notice

Section V: Award of contract

Contract No: OJEU18-018
Title:

Investment Management

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
31/07/2019
V.2.2)Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Sarasin and Partners LLP
National registration number: OC329859
Postal address: Juxon House, 100 St Paul's Churchyard
Town: London
NUTS code: UKI LONDON
Postal code: EC4M 8BU
Country: United Kingdom
E-mail: charities@sarasin.co.uk
Telephone: +44 2070387000

Internet address: http://www.sarasinandpartners.com/

The contractor is an SME: yes
V.2.4)Information on value of the contract/lot (excluding VAT)
Lowest offer: 1 500 000.00 EUR / Highest offer: 2 400 000.00 EUR taken into consideration
V.2.5)Information about subcontracting

Section VI: Complementary information

VI.3)Additional information:
VI.4)Procedures for review
VI.4.1)Review body
Official name: University of Durham
Town: Durham
Postal code: DH1 3LE
Country: United Kingdom

Internet address: www.dur.ac.uk

VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained
VI.5)Date of dispatch of this notice:
16/09/2019