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

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)
Object
Scope of the procurement
Title: Portfolio management services
Reference number: 2022P012 - Equity Investment
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 Invitation to Tender documents for further details.

Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: Portfolio management services 📦
Additional CPV: Financial markets administration services 📦
Place of performance
NUTS region: Dublin 🏙️

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Body governed by public law
Awarding authority name: Central Bank of Ireland
Postal address: PO Box 559
Postal code: New Wapping Street,
Postal town: Dublin 1
Contact
Internet address: http://www.centralbank.ie 🌏
E-mail: deirdre.curtis@centralbank.ie 📧
Phone: +353 12244028 📞
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=229288&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=229288&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2022-11-22 📅
Submission deadline: 2023-01-06 📅
Publication date: 2022-11-25 📅
Identifiers
Notice number: 2022/S 228-654333
OJ-S issue: 228
Additional information

See Invitation to Tender and Key Commercial Terms documents attached to this eTenders notice for full details of the requirements

Object
Scope of the procurement
Estimated total value: 10 000 000 EUR 💰
Estimated value excluding VAT: 10 000 000 EUR 💰
Duration: 84 months
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 the right to extend the duration of the Contract by any period, or series of periods, up to a total of three (3) years, so that the Contract may ultimately have a maximum total duration of ten (10) years.

Additional information:

See Invitation to Tender and Key Commercial Terms documents attached to this eTenders notice for full details of the requirements

Place of performance
Main site or place of performance: North Wall Quay, Dublin 1

Legal, economic, financial and technical information
Conditions for participation
Suitability to pursue the professional activity:

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 the Invitation to Tender document.

Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 17:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 9 months
Tender opening date: 2023-01-06 📅
Tender opening time: 17:00

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Deirdre Curtis
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/329 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=229288&B=ETENDERS_SIMPLE 🌏

Reference
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 is not possible to be definitive in this regard by virtue of the nature of the Contract. Fees may vary having regard to the market value of the relevant portfolio and the amount invested in the portfolio, such that the value of the Contract to the successful tenderer may fall or rise from time to time. The figures represent an estimate only and do not amount to a guarantee that any purchases will be made pursuant to the Contract. The final value may be significantly lower or higher than the estimate.

Complementary information
Review body
Name: High Court
Postal address: Inns Quay
Postal town: Dublin
Postal code: Dublin 2
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie 📧
Internet address: www.courts.ie 🌏
Information about review deadlines:

Precise information on deadline(s) for review procedures:

As set out at section 7 of the European Communities (Public Authorities’ Contracts) (Review Procedures) Regulations SI 130/2010, as amended

Source: OJS 2022/S 228-654333 (2022-11-22)

Additional information (2023-01-10)
Object
Notice metadata
Document type: Additional information
Common procurement vocabulary (CPV)
Code: Financial markets administration services 📦

Reference
Dates
Date dispatched: 2023-01-10 📅
Publication date: 2023-01-13 📅
Identifiers
Notice number: 2023/S 010-024978
Refers to notice: 2022/S 228-654333
OJ-S issue: 10
Source: OJS 2023/S 010-024978 (2023-01-10)

Additional information (2023-01-13)
Reference
Dates
Date dispatched: 2023-01-13 📅
Publication date: 2023-01-18 📅
Identifiers
Notice number: 2023/S 013-033368
OJ-S issue: 13
Source: OJS 2023/S 013-033368 (2023-01-13)

Contract award notice (2023-12-13)
Object
Scope of the procurement
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: 10 000 000 EUR 💰
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Reference
Dates
Date dispatched: 2023-12-13 📅
Publication date: 2023-12-18 📅
Identifiers
Notice number: 2023/S 243-763768
OJ-S issue: 243
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 the time of award rather than a fixed value. The final value of the contract may be higher or lower than the estimated figure.

Object
Scope of the procurement

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 the time of award rather than a fixed value. The final value of the contract may be higher or lower than the estimated figure.

Procedure
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
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

Award of contract
Date of contract conclusion: 2023-11-23 📅
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 🇬🇧
Camden and City of London 🏙️
Total value of the procurement: 10 000 000 EUR 💰
Information about tenders
Number of tenders received: 6

Reference
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 the time of award rather than a fixed value. The final value of the contract may be higher or lower than the estimated figure .

Source: OJS 2023/S 243-763768 (2023-12-13)