Find a TenderAwarded

Published 28 Oct 2022, 11:11 BST

Official UK procurement notice

Fiduciary Management · UK public procurement notice

Official notice

Authority: General Medical Council (GMC) (Local council)

ServicesOpen procedureSME suitable

Sectors: Financial and insurance services (66) Delivery: UK

Awarded value£283,000published contract · exc. VAT

Awarded 28 Jul 2022

Awarded to XPS Pensions Group

What is being bought

Published requirement 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.

CPV: Banking and investment services

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: UK

66100000 Banking and investment services

What it takes to win
i
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more

How bids were scored

Quality: 63%Price: 30%Social value: 7%

Published sub-criteria (8)

Annual Reporting: 24.5%
Mid Year Reporting: 17.5%
Meeting Support & Training: 14%
Triennial Review/Internal Control Framework: 7%
Price: 25.5%
T&Cs: 3%
EDI: 1.5%
Ethical, Social & Governance Reporting: 7%

Published award criteria (8)

Annual Reporting: 24.5
Mid Year Reporting: 17.5
Ethical, Social & Governance Reporting: 7
Meeting Support & Training: 14
Triennial Review/Internal Control Framework: 7
Price: 25.5
T&Cs: 3
EDI: 1.5

What this means for your bid

Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Open procedure
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 28 Oct 2022, 11:11 BST
Last source update: 28 Oct 2022, 11:11 BST
Authority reference: GMC1611
FTS notice number: 2022/S 000-030480
Classification (CPV): Banking and investment services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-037d21 Find a Tender

Publisher note: (MT Ref:227789)

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £283,0001 contract exc. VAT

Bids received 41 from SMEs

Contracts signed 1latest 28 Jul 2022

Awarded to	Value	Date	Status
XPS Pensions Group	£283,000 †	—	Awarded

Contracts

Contract 030480-2022-GMC1611-1 · XPS Pensions Group
Signed
28 Jul 2022
Value
£283,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
4bids · 4 electronic · 4 from abroad	1	—	—

Contracting authority & participating public bodies

General Medical Council (GMC)

Contracting authorityLocal CouncilRegulatorHealth 3 Hardman Street, Manchester, UK, M3 3AWContact email, phone

Dispute resolution & review bodies

Public Procurement Review ServiceReview body LondonContact email, phone

Bidders & participating suppliers

1 commercial party on the notice

XPS Pensions GroupAwarded supplier 11 Strand, LONDON, London, WC2N 5HRContact phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.