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Find a Tender Service (UK Cabinet Office / Crown Commercial Service) verified 4 hours ago Contract notice

The Provision of Investment Management Services for the Scottish Universities Fund Ignition Strategy

Open United Kingdom Financial & insurance services

Buyer Scottish National Investment Bank

32 days left

Key facts

Closes
12:00 (UTC)
Estimated value
€7.7M
€7,674,325 · converted from GBP
Procedure
Open procedure
  1. Published
  2. Today
  3. Deadline open for 32 days
  4. Awarded pending

Bidding window

31 days from publication to deadline

Usual length

Notices of this kind (United Kingdom, open procedure) give a median of 30 days, half of them between 24 and 34 days, based on 494 notices of the last two years.

View the official notice Watch this tender

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Description

The Bank is seeking proposals from suitably qualified and authorised investment management firms to establish and manage a 15 million GBP segregated investment mandate for the delivery of the Scottish Universities Ignition Fund Strategy ("the Mandate"). The successful bidder will be expected to establish and operate an appropriate investment vehicle through which the Mandate will be delivered, with the Bank acting as the sole investor. The Mandate forms one of two complementary investment strategies within the Scottish Universities Fund ("SUF"), a broader investment platform designed to support the creation, growth and long-term scaling of university-originated companies in Scotland. The purpose of this Invitation to Tender (ITT) is to appoint an investment manager with delegated discretion to manage the Mandate in accordance with an agreed Investment Management Contract and the requirements set out in this ITT.

Bid or no-bid?

Six questions before you commit a team. Under each one, what the register holds on it. The answers are yours.

  1. In your favour:

    Do we meet every eligibility criterion?

    Open procedure: any interested supplier may submit a bid.

  2. Your call:

    Can we deliver this with the team we have?

    Estimated at €7.7M.

  3. Your call:

    Do we have two comparable references?

    Comparable work is in Financial & insurance services.

  4. In your favour:

    Is the deadline realistic for a proper offer?

    32 days left, 22 of them working days.

  5. Your call:

    Is there a margin at the likely winning price?

    In this country this kind of contract is usually awarded for between €64,076 and €422,265.

  6. Your call:

    Do we know this buyer?

    The buyer has 13 notices in the register and no pattern of winners yet.

Can I bid?

  • Open procedure: any interested supplier may submit a bid.
  • Documents in English.

Official source

Source: Find a Tender Service (UK Cabinet Office / Crown Commercial Service)

Always verify details on the official notice.

Report an error in this notice

Last verified against Find a Tender Service (UK Cabinet Office / Crown Commercial Service) 4 hours ago

Documents on Find a Tender Service (UK Cabinet Office / Crown Commercial Service) (English)

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 151 awards for Financial & insurance services in United Kingdom.

This notice
€7.7M
Median award
€144,578
Middle half of past awards
€64,076 to €422,265

The estimate is larger than three in four past awards.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Scottish National Investment Bank

United Kingdom

notices in the register
13
awards
12
awarded in total
€3.0M

Who wins its contracts

Many suppliers
different companies won its awards
11
of the awards went to the three most frequent winners
33%

Based on 12 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

This buyer has no award history in this sector yet. Usual winners, Financial & insurance services - United Kingdom

Company Wins Total awarded Last win
Arthur J. Gallagher Insurance Brokers Ltd 14 €3.2M Oct 2026
ALLPAY LIMITED 11 €6.9M Sep 2026
HYMANS ROBERTSON LLP 4 €1.4M Jun 2026
ARLINGCLOSE LIMITED 4 €392,333 Aug 2026
Northern Trust 3 €7.6M Apr 2026

Based on 183 awards with a linked company profile over the last 2 years.

Market context

Larger than 89% of the open notices in Financial & insurance services across Europe.

open now in Financial & insurance services
3,464
median open notice
€433,000

Who wins in this market

Many suppliers

United Kingdom · Financial & insurance services

different companies won awards here
122
of the awards went to the three most frequent winners
15%
buyers awarded contracts here
115

Based on 182 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

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32 days left

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