Invitation to tender for the provision of Equity Investment Services for the Central Bank of Ireland (Ref: 2022P012)

Central Bank of Ireland

The Central Bank of Ireland has a requirement for the provision of equity investment services to manage its equity investment portfolio. Please see the Invitation to Tender documents for further details.

Deadline
The time limit for receipt of tenders was 2023-01-06. The procurement was published on 2022-11-22.

Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
Who?

What?

Where?

Procurement history
Date Document
2022-11-22 Contract notice
2023-01-10 Additional information
2023-01-13 Additional information
2023-12-13 Contract award notice
Contract notice (2022-11-22)
Contracting authority
Name and addresses
Name: Central Bank of Ireland
National registration number: N/a
Postal address: PO Box 559
Postal town: Dublin 1
Postal code: New Wapping Street,
Country: Ireland 🇮🇪
Contact person: Deirdre Curtis
Phone: +353 12244028 📞
E-mail: deirdre.curtis@centralbank.ie 📧
Region: Dublin 🏙️
URL: http://www.centralbank.ie 🌏
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/329 🌏
Communication
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=229288&B=ETENDERS_SIMPLE 🌏
Participation URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=229288&B=ETENDERS_SIMPLE 🌏

Object
Scope of the procurement
Title:
“Invitation to tender for the provision of Equity Investment Services for the Central Bank of Ireland (Ref: 2022P012) 2022P012 - Equity Investment”
Products/services: Portfolio management services 📦
Short description:
“The Central Bank of Ireland has a requirement for the provision of equity investment services to manage its equity investment portfolio. Please see the...”    Show more
Estimated value excluding VAT: EUR 10 000 000 💰

1️⃣
Additional products/services: Financial markets administration services 📦
Place of performance: Dublin 🏙️
Main site or place of performance: North Wall Quay, Dublin 1
Description of the procurement:
“The Central Bank of Ireland has a requirement for the provision of equity investment services to manage its equity investment portfolio. Please see the...”    Show more
Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
Scope of the procurement
Estimated total value excluding VAT: EUR 10 000 000 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 84
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal
Description
Description of renewals:
“The duration of the Contract is intended to be seven (7) years, although the Central Bank has the right to terminate it earlier. The Central Bank also has...”    Show more
Additional information:
“See Invitation to Tender and Key Commercial Terms documents attached to this eTenders notice for full details of the requirements”

Legal, economic, financial and technical information
Conditions for participation
List and brief description of conditions:
“Tenderers are required to provide a copy of their authorisation to provide the required services in Ireland, together with the other requirements set out in...”    Show more
Economic and financial standing
Selection criteria as stated in the procurement documents
Technical and professional ability
Selection criteria as stated in the procurement documents
Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract

Procedure
Type of procedure
Open procedure
Administrative information
Time limit for receipt of tenders or requests to participate: 2023-01-06 17:00 📅
Languages in which tenders or requests to participate may be submitted: English 🗣️
The time frame below is expressed in number of months.
Minimum time frame during which the tenderer must maintain the tender: 9
Conditions for opening of tenders: 2023-01-06 17:00 📅

Complementary information
Information about electronic workflows
Electronic ordering will be used
Additional information

“The figures in sections II.1.6 and II.2.6 of this notice represent the Central Bank’s best estimate of the anticipated total value of the Contract, but it...”    Show more
Review body
Name: High Court
Postal address: Inns Quay
Postal town: Dublin
Postal code: Dublin 2
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie 📧
URL: www.courts.ie 🌏
Review procedure
Precise information on deadline(s) for review procedures:
“Precise information on deadline(s) for review procedures: As set out at section 7 of the European Communities (Public Authorities’ Contracts) (Review...”    Show more
Source: OJS 2022/S 228-654333 (2022-11-22)
Additional information (2023-01-10)

Complementary information
Original notice reference
Notice number in the OJ S: 2022/S 228-654333

Changes
Text to be corrected in the original notice
Section number: Iv
Place of text to be modified: 2.2
Old value
Date: 2023-01-06 📅
Time: 17:00
New value
Date: 2023-01-12 📅
Time: 17:00
Text to be corrected in the original notice
Section number: Iv
Place of text to be modified: 2.7
Old value
Date: 2023-01-06 📅
Time: 17:00
New value
Date: 2023-01-12 📅
Time: 17:00
Source: OJS 2023/S 010-024978 (2023-01-10)
Additional information (2023-01-13)

Changes
Text to be corrected in the original notice
Section number: Iv
Place of text to be modified: 2.2
Old value
Date: 2023-01-12 📅
Time: 17:00
New value
Date: 2023-01-13 📅
Time: 17:00
Text to be corrected in the original notice
Section number: Iv
Place of text to be modified: 2.7
Old value
Date: 2023-01-12 📅
Time: 17:00
New value
Date: 2023-01-13 📅
Time: 17:00
Source: OJS 2023/S 013-033368 (2023-01-13)
Contract award notice (2023-12-13)
Object
Scope of the procurement
Title:
“A contract for the provision of equity investment services for the Central Bank of Ireland 2022P012 - Equity Investment”
Short description:
“A contract to appoint an investment manager to provide investment management services in respect of the Central Bank’s portfolio of equities.”
Total value of the procurement (excluding VAT): EUR 10 000 000 💰
Description
Description of the procurement:
“A contract to appoint an investment manager to provide investment management services in respect of the Central Bank’s portfolio of equities.”
Award criteria
Quality criterion (name): Equity Investment Services
Quality criterion (weighting): 200
Quality criterion (name): Sustainable Investment Services
Quality criterion (weighting): 100
Quality criterion (name): Operational Processes
Quality criterion (name): Process Confirmations
Quality criterion (weighting): Pass/Fail
Quality criterion (name): Investment Team Bio Document
Quality criterion (weighting): 150
Quality criterion (name): Key Person Risk Policy
Quality criterion (weighting): 50
Quality criterion (name): Performance Monitoring and Reporting
Quality criterion (weighting): 40
Quality criterion (name): Risk Management
Quality criterion (weighting): 60
Price (weighting): 300
Description
Additional information:
“Having regard to the nature of the Central Bank’s requirements, the contract value identified in this notice represents the Central Bank’s best estimate at...”    Show more

Procedure
Administrative information
Previous publication concerning this procedure: 2022/S 228-654333

Award of contract

1️⃣
Contract Number: 1
Title:
“A contract for the provision of equity investment services for the Central Bank of Ireland”
Date of conclusion of the contract: 2023-11-23 📅
Information about tenders
Number of tenders received: 6
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from other EU Member States: 1
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 6
Name and address of the contractor
Name: UBS Asset Management (UK) Ltd
National registration number: 01546400
Postal address: 5 Broadgate, London, EC2M 2QS, United Kingdom
Postal town: London
Postal code: EC2M 2QS
Country: United Kingdom 🇬🇧
Region: Camden and City of London 🏙️
The contractor is an SME
Information on value of the contract/lot (excluding VAT)
Estimated total value of the contract/lot: EUR 10 000 000 💰
Total value of the contract/lot: EUR 10 000 000 💰

Complementary information
Additional information

“Having regard to the nature of the Central Bank’s requirements, the contract value identified in this notice represents the Central Bank’s best estimate at...”    Show more
Source: OJS 2023/S 243-763768 (2023-12-13)