Futurebuilders tendering criteria 'bizarre'
Futurebuilders England board members have criticised the Office of the Third Sector for using "bizarre" selection criteria during the tender process for the Futurebuilders fund.
Members of the Futurebuilders investment committee have questioned the methods used to select the contractor because the process did not take account of the track record of the incumbent organisation.
“We were deeply concerned that the issue of track record was not taken on board,” said Naomi Kingsley, a member of the investment committee. “One of the first things you should do when analysing bids is look at the track record.”
Fellow committee member Victoria Hornby said: “It is bizarre that the Office of the Third Sector designed a process that did not include taking into account the track records of the bidding organisations.”
An OTS spokesman said: “The tender process included thorough evaluation of each bidder’s experience in managing investment portfolios and working with third sector organisations.
“Specifying experience of running any particular fund in the evaluation criteria would not have allowed for a level playing field.”
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