UK-London: financial consultancy, financial transaction processing and clearing-house services

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Summary

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Threshold: 
OJEU
Main activities: 
Education
NUTS Code: 
Type: 
Contract notice
Market: 
Service contract
Award criteria: 
The most economic tender
Published: 
Thursday, September 13, 2012
Deadline: 
Monday, September 24, 2012 - 12:00
Tender ID: 
2012/S 176-290523

Directive 2004/18/EC

Section I: Contracting authority

  • I.1) Name, addresses and contact point(s)

    Contact: Amanda Noble
    The Education Funding Agency (an executive agency of the Department for Education)
    33 Greycoat Street
    London
    SW1P 2QF
    UNITED KINGDOM
    Email: FundingAdvisors.PSBP@education.gsi.gov.uk

    Internet address(es):

    General address of the contracting authority: http://www.education.gov.uk/

    Electronic access to information: http://www.education.gov.uk/schools/adminandfinance/schoolscapital/a00209336/priority-school-building-programme

    Further information can be obtained from:

    The above mentioned contact point(s)

    Specifications and additional documents (including documents for competitive dialogue and 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

    National or federal agency/office

  • I.3) Main activity

    Education

  • 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:

      Contract for funding advisory services to support the delivery of the Priority School Building Programme.

    • II.1.2) Type of contract and location of works, place of delivery or of performance

      Services

      Service category No 6: Financial servicesa)Insurances services b)Banking and investment services

      Main site or location of works, place of delivery or of performance: London.

      NUTS code UKI

    • II.1.3) Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

      The notice involves a public contract

    • II.1.4) Information on framework agreement

      Not provided

    • II.1.5) Short description of the contract or purchase(s)

      This Contract Notice relates to the provision of funding advisory services ("Services") in connection with the structuring of a capital markets financing solution or any alternative financing solution to support the delivery of the Priority School Building Programme ("PSBP"). Details of the Services are set out in the Memorandum of Information.

      On 24.5.2012, the Secretary of State for Education ("SoS") announced which schools will have their condition needs addressed through the PSBP. The objective of the PSBP is to rebuild approximately 261 [including 42 not to be privately financed] of the most dilapidated schools across the country with a total cost of circa 2 billion GBP. This is to be achieved over five years with a number of schemes launched annually. The first schemes are due to be launched at the end of 2012 with financial close a year later in late 2013.

      The Department for Education ("DfE") recognises that long term project finance debt markets remain constrained. Although bank debt, private placements and other alternative finance sources may support the delivery of certain batches, the Contracting Authority believes that a capital markets solution capable of financing the entire £2 billion programme, potentially through an aggregated funding vehicle, is likely to offer increased certainty of deliverability and better value for money. The Contracting Authority will require the successful Tenderer to propose a capital markets funding solution, or an alternative debt solution (such as bank debt, capital markets or a combination of the two), that is best able to meet its requirements. Further information is set out in the Memorandum of Information available from the web address set out in I.1.

    • II.1.6) Common procurement vocabulary (CPV)

      66170000, 66171000

    • 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:

      The estimated values below are given in view of the potential total length of the Contract.

      Estimated value excluding VAT:

      Range: between 250 000,00 and 1 500 000,00 GBP

    • II.2.2) Information about options

      Options: yes

      Description of these options: The initial length of the Contract will run from the Commencement Date until May/June 2013. The EFA will have the option to extend the Contract for 2 further periods of 12 months each from with a final contract expiry of May/June 2015.

      Provisional timetable for recourse to these options:

      in months: 8 (from the award of the contract)

    • II.2.3) Information about renewals

      This contract is subject to renewal: yes

      Number of possible renewals: 2

  • II.3) Duration of the contract or time limit for completion

    Starting 1.11.2012. Completion 30.6.2013

Section III: Legal, economic, financial and technical information

  • III.1) Conditions relating to the contract

    • III.1.1) Deposits and guarantees required:

      Whilst it is not envisaged, the Contracting Authority reserves the right to require deposits, guarantees or other forms of appropriate security. Further details will be set out in the contract documents if relevant.

    • III.1.2) Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

      Set out in the tender documents, if relevant.

    • III.1.3) Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

      The Contracting Authority reserves the right to require groupings of advisers to take a particular legal form or to require a single adviser to take primary liability or to require each party to undertake joint or several liability. If relevant, further details will be set out in the tender documents.

    • 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: In accordance with Articles 45 to 50 of Directive 2004/18/EC and Regualtions 23 to 29 of the Public Contracts Regulations 2006 (as amended) and as set out in the pre-qualification questionnaire which is available from the web address set out in section I.1.

    • III.2.2) Economic and financial ability

      Information and formalities necessary for evaluating if the requirements are met: In accordance with Article 47 of Directive 2004/18/EC and Regulation 24 of the Public Contracts Regulations 2006 (as amended) and as set out in the pre-qualification questionnaire which is available from the web address set out in section I.1.

      Minimum level(s) of standards possibly required: As set out in the PQQ, Tenderers will need to meet thresholds in relation to: a. providing specified financial information; and.

      b. confirming that the terms of the Tenderers banking commitments and loan facilities have been met (or providing details on how this has been remedied).

      For further information see questions C.1 C2 and C3 of the PQQ.

    • III.2.3) Technical capacity

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

      In accordance with Articles 48 to 50 of Directive 2004/18/EC and Regulation 25 of the Public Contracts Regulations 2006 (as amended) and as set out in the pre-qualification questionnaire which is available from the web address set out in section I.1.

      Minimum level(s) of standards possibly required:

      As set out in the PQQ, Tenderers will need to meet thresholds in relation to providing minimum levels of insurance cover:

      a. employers liability insurance of at least 5 000 000 GBP;

      b. public liability insurance of at least 5 000 000 GBP per event;

      c. professional indemnity insurance of 10 000 000 GBP per event.

      For further information, see section E of PQQ.

    • III.2.4) Information about reserved contracts

      Not provided

  • 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: no

    • 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

      Accelerated restricted

      Justification for the choice of accelerated procedure: In accordance with regulations 16 (6) and 16(17) of the Public Contracts Regulations 2006, the timescales for the restricted procedure are rendered impractical for reasons of urgency. The justification for this is based on the urgent requirement for funding advice to assist with the development of a suitable financing model for the private finance element of the PSBP. PSBP is designed to address the needs of the schools in the worst condition and procurement of the first privately financed PSBP schools is scheduled to commence in later 2012.

    • IV.1.2) Limitations on the number of operators who will be invited to tender or to participate

      Envisaged number of operators: 5

      Objective criteria for choosing the limited number of candidates: In accordance with Articles 44 and 53 of Directive 2004/18/EC and Regulations 23 to 29 of the Public Contracts Regulations 2006 and as set out in the PQQ available from the address set out in section I.1.

    • IV.1.3) Reduction of the number of operators during the negotiation or dialogue

      Not provided

  • 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:

      Funding Advisers - PSBP

    • 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

      24.9.2012 - 12:00

    • IV.3.5) Date of dispatch of invitations to tender or to participate to selected candidates

      Not provided

    • IV.3.6) Language(s) in which tenders or requests to participate may be drawn up

      English.

    • IV.3.7) Minimum time frame during which the tenderer must maintain the tender

      Not provided

    • IV.3.8) Conditions for opening tenders

      Not provided

Section VI: Complementary information

  • VI.1) Information about recurrence

    This is a recurrent procurement: no

  • VI.2) Information about European Union funds

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

  • VI.3) Additional information

    Further details about the PSBP and the Funding Advisory Services areset out in the MOI available from http://www.education.gov.uk/schools/adminandfinance/schoolscapital/a00209336/priority-school-building-programme.

    The Contracting Authority intends to appoint one Advisor to provide the Services. As the EFA is an executive agency of the DfE, the Secretary of State for Education will be the counterparty to any resulting Contract with the Advisor.

    The contract shall be for an initial period commencing on 1.11.2012 to May/June 2013. The Contracting Authority shall have the option to extend the Contract for 2 periods of 12 months each.

    Section IV.3.4 - expressions of interest must be by way of completion and return of the PQQ as above.

    The completed PQQ must be returned to the email address set out in section I.1 by 12 noon on 24.9.2012 - full instructions are set out in the PQQ.

  • VI.4) Procedures for appeal

    • VI.4.1) Body responsible for appeal procedures

      The Department for Education
      UNITED KINGDOM
    • VI.4.2) Lodging of appeals

      Precise information on deadline(s) for lodging appeals: The Contracting Authority will incorporate a standstill period at the point at which information on the award of the Contract is communicated to Tenderers. That notification will provide full information on the award decision. The standstill period, which will be for a minimum of 10 calendar days, provides time for unsuccessful Tenderers to challenge the award decision before the Contract is entered into.

      The Public Contracts Regulations 2006 (SI 2006 No.5) (as amended) provide for aggrieved parties who have been harmed or at risk of harm by breach of the rules to take action in the High Court (England, Wales and Northen Ireland).

    • VI.4.3) Service from which information about the lodging of appeals may be obtained

      Not provided

  • VI.5) Date of dispatch of this notice:

    10.9.2012