United Kingdom9 days leftOpen

Investment Adviser

Tender Overview

LOCATION

United Kingdom, United Kingdom

VALUE

£480,000

DEADLINE

February 11, 2026 at 12:00

CATEGORY

Other

CPV CODE

79220000

REFERENCE

001055-2026

Project Timeline

Contact Information

View Original

Original Tender 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.
⚠️

MANDATORY EXCLUSION GROUNDS

  • Bidder must not be subject to any mandatory exclusion grounds as defined by applicable public procurement regulations (e.g., UK Public Contracts Regulations 2015).

ELIGIBILITY REQUIREMENTS

  • Bidder must be a legally constituted entity.
  • Bidder must comply with all applicable laws and regulations relevant to providing investment advisory services in the UK.
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • Ability to design investment strategies and provide advice on their suitability.
  • Ability to assist with the selection of investment managers, including coordination of asset transition.
  • Ability to report on the development of investment strategies.
  • Ability to report on investment manager performance, organizational developments, and ongoing suitability.
  • Ability to review and draft (or provide input to) investment policy documents.
  • Ability to provide updates on relevant developments (e.g., Charity Commission guidance, UK Stewardship Code, evolving ESG frameworks) to ensure investment policy statements remain compliant and fit for purpose.
  • Ability to advise on responsible or sustainable investment policies and their implementation.
  • Ability to support fee negotiations with investment managers and review agreements from an investment perspective.
  • Ability to conduct fee benchmarking for investment manager and custodian fees.
  • Ability to deliver training sessions for Committee members, particularly on ESG developments, stewardship, and regulatory changes.
  • Ability to scenario model and stress test investment strategies under different market conditions.
  • Ability to review strategic asset allocation and its impact on risk and return.
  • Ability to provide services for the full contract duration of 60 months.
💰

FINANCIAL REQUIREMENTS

  • Bidder must demonstrate sufficient financial capacity to undertake a contract with an estimated value of 480,000 EUR (approx. £400,000).
📋

SUBMISSION REQUIREMENTS

  • Submit the bid by the deadline of 2026-02-11 12:00:00.
  • Submit a comprehensive proposal addressing all specified service requirements.

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PDF
Official PDF Version
PDF001055-2026_official.pdf
Summary:
This tender notice from the General Medical Council seeks an Investment Adviser to provide strategic advice, manager selection, performance reporting, policy drafting, ESG guidance, fee negotiation support, and training, with an estimated value of £400,000 over 5-8 years.

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68
Good

Tender Quality Score

This tender outlines a clear need for investment advisory services with detailed technical capabilities. However, the complete absence of tender documents and evaluation criteria significantly undermines transparency, fairness, and the overall quality of the procurement process.

Score Breakdown

Legal Compliance100/100

Mandatory exclusion and eligibility grounds are referenced, aligning with UK regulations. However, the lack of full tender documents and, critically, the absence of evaluation criteria pose a significant risk to legal compliance regarding transparency and equal treatment of bidders.

Absence of full tender documents makes it impossible to verify full legal compliance.
Missing evaluation criteria creates a risk of non-compliance with transparency and equal treatment principles.
Clarity40/100

The description of services and technical capabilities is clear and well-defined, providing a good understanding of the required scope. Nevertheless, the lack of comprehensive tender documents means that crucial details on submission format, evidence requirements, and contractual terms remain unclear.

Lack of full tender documents leads to ambiguity regarding submission requirements and contractual terms.
Completeness83/100

The tender is fundamentally incomplete due to the complete absence of attached tender documents, including detailed specifications, terms and conditions, and crucially, evaluation criteria. This severely limits a bidder's ability to prepare a comprehensive and compliant offer.

No tender documents attached (e.g., ITT, specification, contract terms).
Missing evaluation criteria, which are essential for a complete tender package.
Fairness60/100

The absence of clear evaluation criteria is a major concern for fairness, as bidders cannot understand how their proposals will be assessed, potentially leading to arbitrary decisions. The 'Innovation Focus' characteristic without corresponding requirements or evaluation criteria also creates an unfair expectation.

Missing evaluation criteria directly impacts fairness and transparency.
The 'Innovation Focus' characteristic is not supported by specific requirements or evaluation criteria, potentially misleading bidders.
Practicality40/100

While the services sought are practical, the lack of comprehensive documentation makes it highly impractical for bidders to formulate a competitive and compliant bid. The absence of an e-submission method also indicates a less practical and modern approach to procurement.

Lack of full tender documents makes bid preparation impractical for potential suppliers.
Absence of e-submission platform is a practical drawback in modern procurement.
Data Consistency100/100

There is good consistency between the service description and the listed technical capability requirements. However, the stated 'Innovation Focus' characteristic is inconsistent with the absence of any specific innovation-related requirements or evaluation criteria.

Inconsistency between the 'Innovation Focus' characteristic and the lack of related requirements or evaluation criteria.
Sustainability25/100

The tender explicitly includes advice on responsible/sustainable investment policies and ESG developments as part of the service, which is a positive aspect. However, the procurement process itself does not appear to incorporate broader green or social criteria for the bidder's operations, representing a missed opportunity.

Procurement process lacks broader green or social criteria for the bidder's own operations.

Strengths

Clear and detailed description of the required investment advisory services.
Comprehensive list of technical capabilities expected from the bidder.
Appropriate contract duration (60 months) for strategic advisory services.
Explicit inclusion of ESG and sustainable investment advice within the service scope.
Open procedure and disclosed estimated value promote competition.

Concerns

Complete absence of tender documents (e.g., ITT, specifications, contract terms).
Critical lack of evaluation criteria, severely impacting transparency and fairness.
Discrepancy between the 'Innovation Focus' characteristic and actual tender requirements.
Absence of an e-submission platform, indicating an outdated procurement method.
Potential for tailoring due to missing evaluation criteria, making it difficult to assess fairness.

Recommendations

1. Publish comprehensive tender documents, including detailed specifications, terms and conditions, and a clear evaluation methodology.
2. Clearly define and publish all evaluation criteria and their weighting to ensure transparency and equal treatment for all bidders.
3. Integrate specific requirements and evaluation criteria related to the 'Innovation Focus' characteristic to align with the stated procurement objective.

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B
Tender Quality Score
68/ 100 · Good

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