Section one: Contracting authority
one.1) Name and addresses
General Medical Council (GMC)
3 Hardman Street
Manchester
M3 3AW
Telephone
+44 1619236340
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
Buyer's address
https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA19541
one.2) Information about joint procurement
The contract is awarded by a central purchasing body
one.4) Type of the contracting authority
Other type
Regulator
one.5) Main activity
Health
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Fiduciary Management
Reference number
GMC1611
two.1.2) Main CPV code
- 66100000 - Banking and investment services
two.1.3) Type of contract
Services
two.1.4) Short description
The Trustees have appointed a Fiduciary Manager. The trustees set the overall investment strategy (including the long term risk and return objectives) and then delegate investment decisions and day-to-day running of the portfolio to their fiduciary manager. The FM arrangement has been in place since 2014. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.
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: £283,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66100000 - Banking and investment services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The Trustees have appointed a Fiduciary Manager. The trustees set the overall investment strategy (including the long term risk and return objectives) and then delegate investment decisions and day-to-day running of the portfolio to their fiduciary manager. The FM arrangement has been in place since 2014. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.
two.2.5) Award criteria
Quality criterion - Name: Annual Reporting / Weighting: 24.5
Quality criterion - Name: Mid Year Reporting / Weighting: 17.5
Quality criterion - Name: Ethical, Social & Governance Reporting / Weighting: 7
Quality criterion - Name: Meeting Support & Training / Weighting: 14
Quality criterion - Name: Triennial Review/Internal Control Framework / Weighting: 7
Cost criterion - Name: Price / Weighting: 25.5
Cost criterion - Name: T&Cs / Weighting: 3
Cost criterion - Name: EDI / Weighting: 1.5
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: 2022/S 022-226254
Section five. Award of contract
Contract No
GMC1611
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
28 July 2022
five.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 4
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
five.2.3) Name and address of the contractor
XPS Pensions Group
11 Strand
LONDON
WC2N 5HR
Telephone
+44 2080597632
Country
United Kingdom
NUTS code
- UKI3 - Inner London – West
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £283,000
Section six. Complementary information
six.3) Additional information
(MT Ref:227789)
six.4) Procedures for review
six.4.1) Review body
Public Procurement Review Service
Cabinet Office
London
publicprocurementreview@cabinetoffice.gov.uk
Telephone
+44 3450103503
Country
United Kingdom
Internet address
https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit