Scope
Reference
GMC2356
Description
The services sought under the contract are:
Design of, and advice on, the suitability of investment strategies.
Assistance with the selection of investment managers to implement the chosen investment strategy, including the co-ordination of the transition of assets.
Reporting on the development of the investment strategy.
Reporting on investment manager performance, any organisational developments, and their ongoing suitability.
Reviews and drafting of (or input to) investment policy documents, including provision of updates on relevant developments (e.g. Charity Commission guidance, UK Stewardship Code, or evolving ESG frameworks) to ensure the investment policy statement remains compliant and fit for purpose.
Advice on responsible or sustainable investment policies and their implementation.
Support negotiating fees with investment managers and reviewing agreements from an investment point of view, including fee benchmarking of investment manager and custodian fees.
Ability to deliver training sessions for Committee members, particularly around ESG developments, stewardship, and regulatory changes.
Ability to scenario model and stress test the investment strategy under different market conditions.
Ability to review strategic asset allocation and impact on risk and return.
Total value (estimated)
- £400,000 excluding VAT
- £480,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 1 May 2026 to 30 April 2031
- Possible extension to 30 April 2034
- 8 years
Description of possible extension:
option to extend for three periods of one year
Options
The right to additional purchases while the contract is valid.
Services within scope of the specification but outside of the core services, paid on a time and materials basis
Main procurement category
Services
CPV classifications
- 79220000 - Fiscal services
- 79410000 - Business and management consultancy services
Contract locations
- UK - United Kingdom
Participation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Enquiry deadline
30 January 2026, 11:59pm
Tender submission deadline
11 February 2026, 12:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
16 April 2026
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Capability | Quality | 28.00% |
| price | Price | 18.00% |
| Approach | Quality | 17.50% |
| Knowledge and experience | Quality | 17.50% |
| Social value | Quality | 10.00% |
| Account management | Quality | 7.00% |
| Terms and conditions | Quality | 2.00% |
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Documents
Associated tender documents
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627465
Invitation to tender
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627466
Terms and conditions
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627467
Raising concerns policy
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627469
Guide to submitting a tender to GMC
Contracting authority
General Medical Council (GMC)
- Public Procurement Organisation Number: PXLD-1125-PGBY
3 Hardman Street
Manchester
M3 3AW
United Kingdom
Email: gmctenders@gmc-uk.org
Website: http://www.gmc-uk.org
Region: UKD33 - Manchester
Organisation type: Public authority - sub-central government