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Notice Details

Title: Scottish Investment Bank - Support Services Framework
Published by: Scottish Enterprise
Publication Date: 22/11/2017
Deadline Date: 05/01/2018
Deadline Time: 11:00
Notice Type: 02 Contract Notice
Has Documents: Yes
Abstract: Scottish Enterprise (“SE”) is seeking to establish a support services framework of suitably qualified and experienced specialists to carry out specific projects across a range of activities in which the Scottish Investment Bank (“SIB”) is engaged.
SIB has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the SIB team in the delivery of time-critical activities across all areas of the business. Successful delivery of SIB’s objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the SIB team has immediate access to specialist expertise as and when required.
If subcontracting please provide a separate ESPD response (Sections A and B of this Part and Part III) for each subcontractor.
CPV: 79400000, 79400000, 79412000, 79400000, 79412000.

Contract notice

Directive 2014/24/EU - Public Sector Directive

Section I: Contracting authority

I.1) Name and addresses

Scottish Enterprise

Atrium Court, 50 Waterloo Street

Glasgow

G2 6HQ

UK

Contact person: Lesley Reid

Telephone: +44 8456078787

E-mail: lesley.reid@scotent.co.uk

Fax: +44 1412481600

NUTS: UKM82

Internet address(es)

Main address: http://www.scottish-enterprise.com/

Address of the buyer profile: http://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00398

I.2) Joint procurement

The contract is awarded by a central purchasing body

I.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge at:

www.publiccontractsscotland.gov.uk


Additional information can be obtained from the abovementioned address


Tenders or requests to participate must be sent electronically to:

www.publiccontractsscotland.gov.uk


I.4) Type of the contracting authority

Regional or local agency/office

I.5) Main activity

Economic and financial affairs

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Scottish Investment Bank - Support Services Framework

Reference number: P18-0061

II.1.2) Main CPV code

79400000

 

II.1.3) Type of contract

Services

II.1.4) Short description

Scottish Enterprise (“SE”) is seeking to establish a support services framework of suitably qualified and experienced specialists to carry out specific projects across a range of activities in which the Scottish Investment Bank (“SIB”) is engaged.

SIB has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the SIB team in the delivery of time-critical activities across all areas of the business. Successful delivery of SIB’s objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the SIB team has immediate access to specialist expertise as and when required.

If subcontracting please provide a separate ESPD response (Sections A and B of this Part and Part III) for each subcontractor.

II.1.5) Estimated total value

Value excluding VAT: 400 000.00 GBP

II.1.6) Information about lots

This contract is divided into lots: Yes

Tenders may be submitted for all lots

II.2) Description

Lot No: 1

II.2.1) Title

Investment Management

II.2.2) Additional CPV code(s)

79400000

79412000

II.2.3) Place of performance

NUTS code:

UKM


Main site or place of performance:

Across Scotland including Highlands & Islands Enterprise

II.2.4) Description of the procurement

This lot will cover a range of different investment management interventions across all areas of SIB. These will include, but not be limited to:

- Undertaking a high-level ‘health-check’ on investee company’s performance, including assessment of the financial performance of the business, the markets in which it operates, the business model, the competitive position of the business and product, service and supply chain and assessment of the customer proposition and the sales pipeline;

- Review of investee company board performance including an assessment of the structure and profile of the board, the relationship between individual board members and the board and the management team, the strengths and weaknesses in the board/ management team and the ability to meet the company’s strategy taking into account wider factors including the culture, communication and decision making ethos within the company;

- Review of an investee company’s corporate governance structure, including board/ management and investor reporting, assessment of internal information and management systems and assessment of adherence to the company’s constitutional documents, including the articles of association and investment agreement;

- Strategic input to SE on investee companies that are significantly behind plan and the options available to the investors;

- Strategic input to SE on investee companies that are in distress (including a review of going concern issues) and the options open to SE, as public sector investors, to support the company;

- High-level assessment of an investee company’s exit strategy and exit readiness, identifying any strengths and weaknesses that need to be address to better position the company for exit including an assessment of different exit scenarios.

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 48

This contract is subject to renewal: Yes

Description of renewals:

This contract will be 3 years with an option to extend for 12 months. The estimated value detailed includes the one year optional extension.

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

II.2.11) Information about options

Options: No

II.2.13) Information about European Union funds

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

II.2.14) Additional information

Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Lot No: 2

II.2.1) Title

Investor & Financial Diligence

II.2.2) Additional CPV code(s)

79400000

79412000

II.2.3) Place of performance

NUTS code:

UKM


Main site or place of performance:

Across Scotland including Highlands & Islands Enterprise

II.2.4) Description of the procurement

This lot will cover a range of different accounting and corporate finance interventions across all areas of SIB. These will include, but not be limited to:

- For new and existing investee companies, an assessment of financial forecasts (P&L, balance sheet, cashflow) and the assumptions underlying them and an assessment of whether these are considered realistic and achieveable;

- For new and existing investee companies, a review of the short, medium and longer-term financial and fundraising strategy, identifying potential and appropriate sources of future third-party funding (equity, debt, grant funding) and the capacity of current/existing investors to support the company;

- For new and existing investee companies, a review of business plan/ model and an assessment of the key risks underpinning any case for new or further investment from SE;

- For new investment propositions, broad level commercial and financial diligence, including, but not limited to, review of historical financial performance, product market fit, the business model (including the pricing model), the competitive positioning of the business and its product/ service, an assessment of the company’s service and supply chains and sales and customer pipeline.

- Assessment of the investment terms for new and follow-on funding, including consideration of the deal structure (taking into account in preferential terms) and the advantages and disadvantages from a commercial perspective of SE investing and not investing and an assessment of the different returns under different exit scenarios/ valuations;

- Undertaking a high level assessment of company valuations and the assumptions underpinning those valuations with commentary on whether the valuation and assumptions are reasonable;

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 48

This contract is subject to renewal: Yes

Description of renewals:

This contract will be 3 years with an option to extend for 12 months. The estimated value detailed includes the one year optional extension.

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

II.2.11) Information about options

Options: No

II.2.13) Information about European Union funds

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

II.2.14) Additional information

Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Section III: Legal, economic, financial and technical information

III.1) Conditions for participation

III.1.2) Economic and financial standing

List and brief description of selection criteria:

4B.5.1 Please confirm whether you already have or can commit to obtain, prior to the commencement of the contract, appropriate levels of insurance for this contract. Bidders that do not already have, or cannot commit to obtain insurances may be excluded from further participation in this procurement exercise.

Employer’s (Compulsory) Liability Insurance – 5,000,000 GBP

Public Liability Insurance – Bidders should state the value that they consider to be appropriate for the contract.

Professional Indemnity Insurance – Bidders should state the value that they consider to be appropriate for the contract.


III.1.3) Technical and professional ability

List and brief description of selection criteria:

Bidders will be required to provide 2 examples that illustrate their investment market expertise and demonstrate that they have the relevant experience to deliver the services/supplies as described in part II.2.4 of the OJEU Contract Notice or the relevant section of the Site Notice. These will be evaluated on a PASS/FAIL basis. Pass equals providing 2 examples detailing relevant experience to deliver the service. Fail equals failure to provide 2 examples detailing relevant experience to deliver the service.

Bidders can submit examples in a separate document to allow room to provide details of the service provided.


III.2) Conditions related to the contract

III.2.1) Information about a particular profession

III.2.3) Information about staff responsible for the performance of the contract

Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Open procedure

IV.1.3) Information about a framework agreement or a dynamic purchasing system

The procurement involves the establishment of a framework agreement with several operators.

Envisaged maximum number of participants to the framework agreement: 6

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

IV.2.2) Time limit for receipt of tenders or requests to participate

Date: 05/01/2018

Local time: 11:00

IV.2.4) Languages in which tenders or requests to participate may be submitted

EN

IV.2.7) Conditions for opening of tenders

Date: 05/01/2018

Local time: 11:00

Section VI: Complementary information

VI.1) Information about recurrence

This is a recurrent procurement: No

VI.3) Additional information

NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at http://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=515394.

NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at http://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=516538.

The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at http://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx.

Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems.

(SC Ref:516538)

Download the ESPD document here: http://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=516538

VI.4) Procedures for review

VI.4.1) Review body

Scottish Enterprise

Atrium Court, 50 Waterloo Street

Glasgow

G2 6HQ

UK

Telephone: +44 8456078787

Fax: +44 1412481600

Internet address(es)

URL: http://www.scottish-enterprise.com/

VI.4.2) Body responsible for mediation procedures

Single Point of Enquiry

5 Atlantic Quay, 150 Broomielaw

Glasgow

G2 8LU

UK

Telephone: +44 1412425466

E-mail: SPOEprocurement@scotland.gsi.gov.uk

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

In the first instance contact the Senior Director of Facilities Management and Procurement at Scottish Enterprise with any concerns or enquiries.

https://www.scottish-enterprise.com/help/contact-us

An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under the Public Contracts Scotland) regulations 2015 may bring proceedings in the Sherriff Court or the Court of Session.

VI.4.4) Service from which information about the review procedure may be obtained

Scottish Enterprise

Atrium Court, 50 Waterloo Street

Glasgow

G2 6HQ

UK

Telephone: +44 1412041111

Internet address(es)

URL: https://www.scottish-enterprise.com/help/contact-us

VI.5) Date of dispatch of this notice

20/11/2017


Information added to the notice since publication.

Additional information added to the notice since it's publication.
DateDetails
22/11/2017 11:30Additional Documents - P18-0061 ESPD

Please note that Documents 1 & 3 entitled 'P18-0061 ESPD' in the 'Additional Documents' section are the same documents. Only 1 ESPD is required to be completed as per the Contract Notice and submitted with tender responses.
Main Contact: lesley.reid@scotent.co.uk
Admin Contact: N/a
Technical Contact: N/a
Other Contact: N/a

Commodity Categories

Commodity Categories
IDTitleParent Category
151000Business ConsultancyConsultancy
151400Financial ConsultancyConsultancy
152000Management ConsultancyConsultancy
159999other ConsultancyConsultancy

Delivery Locations

Delivery Locations
IDDescription
130Aberdeen & North-East
100All Scotland
160Edinburgh & Lothians
150Glasgow & Strathclyde
120Highlands and Islands
170Scotland South
140Tayside, Central & Fife

Further Instructions

The Buyer has attached further instructions with this notice. Please read these carefully and take the necessary action(s).

Record your interest in this notice and you will be automatically sent clarifications and deadline date changes etc. Please note that recording your interest does not automatically enter you into the tender process for this notice, you still have to submit your response by the deadline stated. To record an interest in this notice and add it to your interests list please click the Record your interest now button at the top of the page.

The awarding buyer has indicated that it will accept electronic responses to this notice via the Tender Submission Postbox facility.

Submit your tender response electronically in a secure environment.

To create an electronic response please click the Record your interest now button at the top of the page.

For more information on the Postbox Facility please refer to the user guide:

Ask the buyer any questions you may have relating to this notice. To ask the buyer a question or questions please click the Record your interest now button at the top of the page.

The following additional documents have been attached to this notice. To obtain these documents please click the Record your interest now button at the top of the page.

Current Documents

CreatedNameDescriptionSizeDownloads
22/11/2017P18-0061 ESPDEuropean Single Procurement Document (ESPD)119.86 KB53
22/11/2017P18-0061 - Invitation to Tender FINALP18-0061 SIB Support Services Framework118.93 KB80
22/11/2017P18-0061 ESPDP18-0061 SIB Support Services Framework ESPD119.86 KB64

Replaced Documents

There are no previous versions of these documents

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