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Investment Manager Search and Selection – Official Journal of the European Union (OJEU) Tender

Investment management tenders from the public sector which are valued above a certain financial threshold (£181,600 plus VAT as at the end of 2019) according to the Public Contracts Regulations, must be published across the EU and follow a prescribed tendering process. Consequently, most public bodies, with investment portfolios of over £10 Million, are obliged to use a set contract award procedure.

Our experienced team will manage the entire OJEU tender process for you to attract the most suitable investment management companies and comply with procurement principles, relevant tendering rules and current regulations.

Understand your requirements

Conduct a profiling exercise to gain a full understanding your investment needs including risk profile, income requirements, investment and performance objectives, future capital requirements, investment restrictions, ethical/socially responsible criteria and service requirements.

Recommend a procedure

There are four main types of contract award procedure under the 2015 Regulations. We can help select the best one to suit your needs, based on our experience and your specific requirements. We can run either a one or two stage process, depending on various factors.

Draft all tender documents and set timetable

All tender documents including selection questionnaires, award criteria and a detailed timetable will need to be published with the Contract Notice. We will draft these documents in consultation with you.

Run the process

Working with the Appointed Panel or Investment Committee, ensure that the process adheres to the timetable, the award criteria are honoured and procurement principles are followed throughout.

Organise and run final presentations (beauty parade)

If final presentations are used, manage the day with any further questions arising from the questionnaires correctly presented to participants. If a further offer stage is part of the process, collate and present to the Panel for final scoring and decision.

Communicate decision and provide feedback, take up references

Provide written results to finalists, adhere to the standstill period and provide specific feedback to participants where requested, take up references of winning tenderer.

Publish award notice and oversee transition of assets

Assist with the take-on process of new investment managers including transition of assets and production of Investment Policy Statement.

Regulation 84 (1) Report

Collate the required regulatory report needed for procurement records.

Timing: we can complete the process in around six months up to the transition stage and, other than that, we are happy to fit in with our Clients’ requirements.

Cost: POA

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