ETENDERS

Contract notice

Information

Published

Date of dispatch of this notice: 27/08/2015

Expire date: 13/10/2015

External Reference: 2015-999110

TED Reference: 2015/S 168-306809

Contract notice

Cached Version

Contract notice

Classic Sector

Directive 2004/18/EC

Services

Section I: Contracting authority

I.1)

Name, addresses and contact point(s)

Courts Service
N/A
Phoenix House
15/24 Phoenix St. North, Smithfield  Dublin
IE
For the attention of: Denise Mullins
Telephone: +353 18886601
E-mail: dmullins@courts.ie
Internet address(es):
Address of the buyer profile: http://irl.eu-supply.com/ctm/Supplier/CompanyInformation/Index/378
Electronic access to information: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=92252&B=ETENDERS_SIMPLE
Electronic submission of tenders and requests to participate: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=92252&B=ETENDERS_SIMPLE
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for a dynamic purchasing system) can be obtained from:The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
I.2)

Type of the contracting authority

Body governed by public law
I.3)

Main activity

  • General public services
I.4)

Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)

Description

II.1.1)

Title attributed to the contract by the contracting authority:

Investment Advisory Services

II.1.2)

Type of contract and location of works, place of delivery or of performance

Services
    Category No6:  Financial services a) Insurances services b) Banking and investment services
    Main site or location of works, place of delivery or of performance:

    Dublin

    NUTS code
    IRELAND
    II.1.5)

    Short description of the contract or purchase(s)

    The Courts Service is seeking proposals for the supply of Investment Advisory

    Services in relation to the management and investment of court funds currently

    amounting to in excess of €1.5 billion. The Courts Service does not have in-

    house investment expertise and relies heavily on its independent investment

    advisor for the provision of advice and expertise in relation to the management

    of court funds. Personnel involved in providing this service should be competent

    in all areas of the investment process i.e. investment objectives, investment

    strategy, investment platform and administration, manager selection and

    performance monitoring. An outline of the services required are detailed in the

    RFT.

    II.1.6)

    Common procurement vocabulary (CPV)

    Main vocabulary
    66140000   Portfolio management services
    Supplementary vocabulary
    66100000   Banking and investment services
    66120000   Investment banking services and related services
    II.1.7)

    Information about Government Procurement Agreement (GPA)

    The contract is covered by the Government Procurement Agreement (GPA):  yes
    II.1.8)

    Lots

    This contract is divided into lots:  no
    II.1.9)

    Information about variants

    Variants will be accepted:  no
    II.2)

    Quantity or scope of the contract

    II.2.1)

    Total quantity or scope:

    At the beginning of the last financial year, October 2013, following advice from our Investment Advisors and approval by the Investment Committee, six new investment strategies for the management and investment of court funds were established. The new strategies arose from a competitive EU public tender exercise initiated during 2011 for investment management services. State Street Global Advisors (SSgA) emerged as the preferred services provider. An Investment Management Agreement was concluded in October 2013 between SSgA and The Courts Service. The revised investment arrangements, take account of the ongoing modifications to investment strategies aimed at meeting requirements for the management of court funds. In accordance with the Courts Service Investment Protocol, as advised by our Investment Advisors and approved by the Investment Committee, each court beneficiary is allocated to one of the six strategies. One exception to this relates to certain wards of court cases allocated to the Growth Fund, whereby an allocation may also be made to a Cash Fund. There are six strategies in total, which reflect the differing needs of court beneficiaries. Each beneficiary is allocated to one of these strategies based on pre-established criteria agreed by the Investment Committee.

    II.2.2)

    Information about options

    Options: no
    II.2.3)

    Information about renewals

    This contract is subject to renewal: no

    Section III: Legal, economic, financial and technical information

    III.1)

    Conditions relating to the contract

    III.1.1)

    Deposits and guarantees required:

    See tender document for level of professional insurance indemnity required before the award of contract.

    III.1.3)

    Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    III.1.4)

    Other particular conditions

    The performance of the contract is subject to particular conditions: no
    III.2)

    Conditions for participation

    III.2.1)

    Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

    Information and formalities necessary for evaluating if the requirements are met:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    III.2.2)

    Economic and financial ability

    Information and formalities necessary for evaluating if the requirements are met:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    Minimum level(s) of standards possibly required:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    III.2.3)

    Technical capacity

    Information and formalities necessary for evaluating if the requirements are met:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    Minimum level(s) of standards possibly required:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    III.3)

    Conditions specific to services contracts

    III.3.1)

    Information about a particular profession

    Execution of the service is reserved to a particular profession: yes
    Reference to the relevant law, regulation or administrative provision:

    Please see the Request for Tender document for full list at http://www.etenders.gov.ie

    III.3.2)

    Staff responsible for the execution of the service

    Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

    Section IV: Procedure

    IV.1)

    Type of procedure

    IV.1.1)

    Type of procedure

    Open
    IV.2)

    Award criteria

    IV.2.1)

    Award criteria

    The most economically advantageous tender in terms of , the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document
    IV.2.2)

    Information about electronic auction

    An electronic auction will be used: no
    IV.3)

    Administrative information

    IV.3.1)

    File reference number attributed by the contracting authority

    RFT 99076

    IV.3.2)

    Previous publication(s) concerning the same contract

    no
    IV.3.3)

    Conditions for obtaining specifications and additional documents or descriptive document

    Payable documents: no
    IV.3.4)

    Time limit for receipt of tenders or requests to participate

    13.10.2015 - 12:00
    IV.3.6)

    Language(s) in which tenders or requests to participate may be drawn up

    EN
    IV.3.8)

    Conditions for opening tenders

    Date: 13.10.2015 - 13:00
    Place: 

    The Accountant‘s Office, The Courts Service, Phoenix House, 15/24 Phoenix Street North, Smithfield, Dublin 7.

    Persons authorised to be present at the opening of tenders: yes

    Denise Mullins, Shay Keary

    Section VI: Complementary information

    VI.1)

    Information about recurrence

    This is a recurrent procurement: yes
    Estimated timing for further notices to be published:

    2021

    VI.2)

    Information about European Union funds

    The contract is related to a project and/or programme financed by European Union funds: no