Investment Adviser

{
  "buyer": {
    "id": "GB-PPON-PXLD-1125-PGBY",
    "name": "General Medical Council (GMC)"
  },
  "date": "2026-01-07T12:56:15Z",
  "id": "001055-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-0600f6",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "Manchester",
        "postalCode": "M3 3AW",
        "region": "UKD33",
        "streetAddress": "3 Hardman Street"
      },
      "contactPoint": {
        "email": "gmctenders@gmc-uk.org"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - sub-central government",
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ],
        "url": "http://www.gmc-uk.org"
      },
      "id": "GB-PPON-PXLD-1125-PGBY",
      "identifier": {
        "id": "PXLD-1125-PGBY",
        "scheme": "GB-PPON"
      },
      "name": "General Medical Council (GMC)",
      "roles": [
        "buyer"
      ]
    }
  ],
  "tag": [
    "tender"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2026-04-16T23:59:59+01:00"
    },
    "description": "The services sought under the contract are:\n\uf06c\tDesign of, and advice on, the suitability of investment strategies.\n\uf06c\tAssistance with the selection of investment managers to implement the chosen investment strategy, including the co-ordination of the transition of assets.\n\uf06c\tReporting on the development of the investment strategy.\n\uf06c\tReporting on investment manager performance, any organisational developments, and their ongoing suitability.\n\uf06c\tReviews 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.\n\uf06c\tAdvice on responsible or sustainable investment policies and their implementation.\n\uf06c\tSupport negotiating fees with investment managers and reviewing agreements from an investment point of view, including fee benchmarking of investment manager and custodian fees.\n\uf06c\tAbility to deliver training sessions for Committee members, particularly around ESG developments, stewardship, and regulatory changes. \n\uf06c\tAbility to scenario model and stress test the investment strategy under different market conditions.\n\uf06c\tAbility to review strategic asset allocation and impact on risk and return.",
    "documents": [
      {
        "description": "Invitation to tender",
        "documentType": "biddingDocuments",
        "id": "L-1",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627465"
      },
      {
        "description": "Terms and conditions",
        "documentType": "biddingDocuments",
        "id": "L-2",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627466"
      },
      {
        "description": "Raising concerns policy",
        "documentType": "biddingDocuments",
        "id": "L-3",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627467"
      },
      {
        "description": "Guide to submitting a tender to GMC",
        "documentType": "biddingDocuments",
        "id": "L-4",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=627469"
      },
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2026-01-07T12:56:15Z",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "001055-2026",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/001055-2026"
      }
    ],
    "enquiryPeriod": {
      "endDate": "2026-01-30T23:59:00+00:00"
    },
    "id": "GMC2356",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Fiscal services",
            "id": "79220000",
            "scheme": "CPV"
          },
          {
            "description": "Business and management consultancy services",
            "id": "79410000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Capability",
              "numbers": [
                {
                  "number": 28.0,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Approach",
              "numbers": [
                {
                  "number": 17.5,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Knowledge and experience",
              "numbers": [
                {
                  "number": 17.5,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Account management",
              "numbers": [
                {
                  "number": 7.0,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "price",
              "numbers": [
                {
                  "number": 18.0,
                  "weight": "percentageExact"
                }
              ],
              "type": "price"
            },
            {
              "name": "Terms and conditions",
              "numbers": [
                {
                  "number": 2.0,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Social value",
              "numbers": [
                {
                  "number": 10.0,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2031-04-30T23:59:59+01:00",
          "maxExtentDate": "2034-04-30T23:59:59+01:00",
          "startDate": "2026-05-01T00:00:00+01:00"
        },
        "hasOptions": true,
        "hasRenewal": true,
        "id": "1",
        "options": {
          "description": "Services within scope of the specification but outside of the core services, paid on a time and materials basis"
        },
        "renewal": {
          "description": "option to extend for three periods of one year"
        },
        "status": "active",
        "suitability": {
          "sme": true
        },
        "value": {
          "amount": 400000,
          "amountGross": 480000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure",
    "status": "active",
    "submissionMethodDetails": "www.mytenders.co.uk",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "tenderPeriod": {
      "endDate": "2026-02-11T12:00:00+00:00"
    },
    "title": "Investment Adviser",
    "value": {
      "amount": 400000,
      "amountGross": 480000,
      "currency": "GBP"
    }
  }
}