Section one: Contracting authority
one.1) Name and addresses
Hywel Dda University Health Board
Ty Gorwel, Building 14, St David’s Park, Job's Well Road
Carmarthen
SA31 3BB
Telephone
+44 1267229774
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
Buyer's address
https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA79805
one.2) Information about joint procurement
The contract is awarded by a central purchasing body
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Health
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
HDD-ITT-48428 Provision of a Charitable funds investment Manager
Reference number
HDD-ITT-48428
two.1.2) Main CPV code
- 66100000 - Banking and investment services
two.1.3) Type of contract
Services
two.1.4) Short description
Hywel Dda University Health board has awarded a contract for the provision of a charitable fund
investment manager for Hywel Dda University Health Board.
The investment fund is to be split into two, each with a different objective, as follows:
GBP2.3m permanent endowment to be invested with the objective of;
A)Maximising income, where the income is to be released from the fund.
or
B)Delivering the best return for the fund on a “total return” basis (the Trustee invites comment in the tender
on which of these options should be preferred).
The remaining GBP6.2m general investment with the objective of maximising the investment return, where the
income, and capital are to be retained within the fund.
During the contract period there is a possibility that in the region of GBP1m will need to be released from the
general investment fund in order to fund current ongoing projects.
The value of the investment fund may increase or decrease over time dependent on the resource
commitment of the charity.
The Trustee has, in the past, preferred the investment advisor to actively manage the investment fund.
However, the Trustee is also open to suggestions to alternative approaches that investment managers may
wish to put forward that they consider appropriate.
The Trustee will be looking at investments to have either a low or medium risk profile and will be guided
with advice from the successful investment advisor linked to past performance of those investments.
The expected annual income stream, excluding investment income and returns of the charity is
GBP2.2m.
approximately GBP1.5m, mainly from donations and legacies. The Trustees are committed under Charity
Commission guidance not to accumulate funds unnecessarily and aims to spend income within a reasonable
period. This commitment may affect the level of investment, and an annual review and discussion with the
investment advisor will be undertaken regarding adjustments required.
The Trustee has an ethical policy in place which will apply to investments held. The current ethical policy is
as follows:
1.The Hywel Dda University Heath Board Charity supports the NHS work of Hywel Dda University Health
Board with the approved charitable purposes of;
the advancement of health and the saving of lives
the relief of those in need, by reason of youth, age, ill-health, disability.
the advancement of education (including research)
2.It has been determined that the following investments conflict with the charitable objects and purposes of
the charity;
Investment in the production, manufacturing or supply of tobacco products.
Investment in the production, manufacturing or supply of alcoholic beverages.
3.Clearly there are some companies, in particular in the retail sector, which derive part of their turnover
from the above two product groups. In proportion to harm caused by the moderate consumption of either,
the following limits are set, above which investment will not take place;
Investment in the production or manufacturing of tobacco products at any level of turnover
Investment in the supply of tobacco products where turnover of more than 5% is derived from this source.
Investment in the production, manufacturing of alcoholic beverages where more than 25% is derived from
this source.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £235,800
two.2) Description
two.2.2) Additional CPV code(s)
- 66100000 - Banking and investment services
two.2.3) Place of performance
NUTS codes
- UKL14 - South West Wales
Main site or place of performance
Ty Gorwel, Building 14, St David’s Park, Job’s Well Road, Carmarthen, SA31 3BB
two.2.4) Description of the procurement
Hywel Dda University Health Board has awarded a contract for the provision of a charitable fund investment manager for Hywel Dda University Health Board.
The ITT will be conducted via an Invitatation to Tender (ITT) via Bravo eTenderWales, using the open procedure, inviting bids from suppliers, to include local suppliers and Welsh SMEs.
The ITT will provide prospective tenderers with more detail of the Health Board’s requirements and will incorporate, amongst other information:
1. Health Board’s requirements
2. Specification
3. Request for commercial proposals
4. The award criteria will cover Overall Value for Money
two.2.5) Award criteria
Quality criterion - Name: Combined Quality Weighting / Weighting: 85
Price - Weighting: 15
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2021/S 000-027500
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 March 2022
five.2.2) Information about tenders
Number of tenders received: 7
Number of tenders received from SMEs: 0
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: 7
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
CCLA
Senator House, 85 Queen Victoria Street
London
EC4V4ET
Telephone
+44 2074896102
Country
United Kingdom
NUTS code
- UKI - London
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Lowest offer: £263,500 / Highest offer: £552,500 taken into consideration
Section six. Complementary information
six.3) Additional information
(WA Ref:120200)
six.4) Procedures for review
six.4.1) Review body
High Court
Royal Courts of Justice, The Strand
London
WC2A 2LL
Telephone
+44 2079477501
Country
United Kingdom