The assets covered by the Espoo Parish Group's investment activities consist of cash and real estate and condominiums used for non-proprietary activities. The amount of cash and cash equivalents will change depending on how the annual income funding is sufficient to finance operating expenses and investments.
Approximately 36 meur share of the cash resources is estimated to be invested on a long-term basis and 3 asset managers will be applied to manage this asset item through a tender process. Investment portfolios to be outsourced will be n.12 meur per asset manager. Therefore, the provider of choice does not have the exclusive right to produce the services that are being acquired. At a later stage, the investor reserves the right to increase or reduce the assets to be invested by the treasurers.
The Espoo Parish Group requests offers as a framework contract acquisition for full power of attorney for financial management.
The procurement procedure applies to the open procurement procedure. This is an EU competition. The acquisition will be carried out as a framework arrangement to be made for a period of approx 4 years. The option is an additional year, up to three times. No later than this (7 years), the service is tentatively scheduled to be re-competitive.
In the procurement procedure, tenders are requested in accordance with the limits enabled by the attached investment rule. Appendix 4 to the call for tender
Measures and procedures for the mobilization phase, e.g. whether existing securities or solely cash resources transfer to new asset managers, shall be negotiated with service providers when the contract is concluded separately, resulting in a contract with the selecting asset managers defines the period for which the agreed investment policy will be followed.
The contract shall enter into force on 1 April 2022 or at the time of the agreement of the procurement decision.
An EU procurement notice has been sent for publication on 1 October 2021
in the notification channel and in the Supplement to the Official Journal of the European Union
Procurement procedure
The acquisition will be carried out through a transparent procedure in which all willing operators can
to submit their offer. The bidder participates in the procurement procedure by submitting its offer
Espoo Parish Group's Cloudia bid portal (Bid Service portal)
with all the requisite annexes within the time limit set aside for the submission of tenders.
Part-bids or alternative offers are not allowed.
No tenders shall be paid to the bidders for the tender or participation in the proceedings
reward. The tender documents are available in the Finnish language. Offer is drawn up
in the Finnish language.
Procured services are not formed by the selected service provider
the exclusive right to produce those services to the Procurement Unit.
The contracting entity shall have the right to suspend the procurement procedure without concluding the contract
as well as rejecting exceptionally low offers.
Steps and course of the procurement procedure
The steps in the receipt of tenders and the procurement procedure are as follows.
The contracting entity:
1. Open bids after the end of the tender submission period. The opening opportunity is not
public.
2. Audit the supplier's suitability responses. Closed from bidding
exclude tenderers subject to compulsory pursuant to Article 80 of the Procurement Act
grounds for exclusion. Bidders concerned may be excluded from the tender
a discretionary basis for exclusion under section 81 of the Procurement Act. Bidders,
which do not satisfy the suitability of the contracting entity
minimum requirements shall be excluded from the invitation to tender.
3. Verify the conformity of the tenders. The contracting entity shall reject
bids against the call for tender.
4. Compares deals.
5. Makes the procurement decision and communicates it to all bidders. Procurement unit
communicate the decision electronically.
6. Enter a contract with the selected contractor.