Published date: 18 January 2023

Last edited date: 27 January 2023

This notice was replaced on 26 July 2024

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 26 July 2024)

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

  • Banking and investment services - 66100000

Location of contract

PO1 3NH

Value of contract

£0

Procurement reference

HMSC_INVMANAGERS_170123

Published date

18 January 2023

Closing date

22 February 2023

Closing time

12pm

Contract start date

24 March 2023

Contract end date

24 March 2025

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

This tender is for the management of investments held by The HMS Caroline Preservation Company, a charitable company limited by guarantee with company number 08303946 and registered charity number 1149930 (the "Company"). The Company is controlled by the National Museum of the Royal Navy ("NMRN").

The purpose of the Company is to manage and maintain for display HMS Caroline, a light cruiser built in 1914 by Cammell Laird in Birkenhead and now moored in Belfast Harbour. HMS Caroline is of historical significance as the only surviving major warship which fought in the Battle of Jutland in 1916.

The Company wishes to tender the role of Investment Manager for their investment assets with a view to having the new manager in place by the earliest in late February 2023.

The Investment Committee's preferred approach is to have a single investment manager for the entire mandate, albeit the Investment Committee retain the right to appoint more than one manager should they agree that this structure be optimal for the Company.

Full details of the Investment Mandate can be found in Annex A-B-C tender documentation on Pages 3-5.

The National Museum of the Royal Navy (NMRN) as NMRN Operations are acting as procurement support for this tender.

Clarification Questions for Responses must be sent in by Friday 10th February 2023 at Midday.

Annex D-E-F is for potential investment managers to complete in full and return to tenders@nmrn.org.uk by the submission deadline.

The deadline for submissions is 22nd February 2023 at Midday (1200).

More information

Attachments

  • NMRN ITT- HMS Caroline Investment Managers Annex D-E-F.docx
  • Tender notice
  • This Annex must be completed in full and returned as part of your submission pack. This includes a mandatory supplier questionnaire for due diligence for the NMRN's own procurement procedures and the investment committee's own criteria.

About the buyer

Contact name

Dave Hartley

Address

National Museum of the Royal Navy
Main Road, HM Naval Base
PORTSMOUTH
PO13NH
England

Telephone

02392891370 ext 2042

Email

procurement@nmrn.org.uk