Published date: 9 March 2017
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Portfolio management services - 66140000
Location of contract
South West
Value of contract
£850,000
Procurement reference
tender_137898/568907
Published date
9 March 2017
Closing date
7 April 2017
Contract start date
1 September 2017
Contract end date
30 August 2027
Contract type
Service contract
Procedure type
Restricted procedure
A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
Following a review of the University's Endowment Investment Policy, the University of Bristol has decided to seek tenders from specialist managers for the management of its endowment portfolio which has a value of approximately £60M.
Potential managers of the portfolio would be expected to invest in line with best practice in terms of corporate governance and the University's Endowment Investment Policy.
The University places a premium on the service it receives from its suppliers and the managers of the portfolio would be expected to provide a high quality of service and develop a close working relationship with the University.
Potential managers of the portfolio would be expected to have experience of managing funds from charities.
The initial contract period is 5 years plus up to another 5 years if the options to extend are exercised.
The "Lowest/Actual Value" referred to in the Summary Information is estimated on the basis of the minimum contract period of 5 years.
About the buyer
Contact name
Martyn Dean
Address
1-9 Old Park Hill
Bristol
BS2 8BB
England
Telephone
0117 9546369
Website
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Closing: 7 April 2017
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