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Published 4 Apr 2023, 11:21 BST

Official UK procurement notice

COPORATE FINANCE ADVISORY SERVICE

Official notice

Authority: NORTH EAST FINANCE (HOLDCO) LIMITED

Framework agreementServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: North East (UKC)
Framework ceiling (notional)£400,000framework ceiling, not attributable revenue
Submissions closed 15 May 2023awarded 8 Jun 2023

What is being bought

Published requirement description

Provision of corporate finance advisory services

CPV: Portfolio management services

How this framework works

From the published notice
Places
up to 3 suppliers · 5 bids received (1.7 per place) · 2 appointed

The lotProcurement structure

single lot · no lot value published
Lot #1Corporate finance advice on realisation/ disposal of portfolio assetsAwardedRenewal
Delivery: North East
Extensions: Three year contract with option to extend to four years · Initial contract will be for 3 years from July 2023, with the possibility of extending by a further 12 months by mutual agreement.Variant bids: allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 75%Price: 25%
Published sub-criteria (4)
  • Specialist expertise: 25%
  • Track record: 25%
  • Ability to deliver high quality service: 25%
  • price: 25%
Published award criteria (4)
  • Specialist expertise: 25
  • Track record: 25
  • Ability to deliver high quality service: 25
  • Price: 25
Conditions of participation1
  • Suitability

    Bidders must provide responses to the exclusion questions in Schedule 1 to the Invitation to Tender, as well as confirming that they are either FCA registered or authorised and/or a member of a designated professional body.

Staff
Names and qualifications of delivery staff must be submitted
What this means for your bid
  • Price carries 25 of 100 points: a 10% discount moves about 2.5 points. The method statement decides this lot, not the discount.
  • “COPORATE FINANCE ADVISORY SERVICE” is a framework: the contest is a place on its panel, up to 3 suppliers, not a single contract.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
4 Apr 2023, 11:21 BST
Last source update
8 Jun 2023, 16:11 BST
Award evaluation window
15 May 2023 – …
Authority reference
NEF2023.001A
FTS notice number
2023/S 000-016335
Classification (CPV)
Portfolio management services
Delivery area
North East (UKC)
Official registry OCID
ocds-h6vhtk-03bc54 Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic payment

How it was run

Official notice
Run through: portal not identified
Language: EN
Appointment period ends
15 May 2023, 12:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
15 May 2023, 13:00 BST
Detailed submission instructions & authority contactsFrom official release

www.nea2f.co.uk ↗

Timeline

15 May 2023 → 8 Jun 2023 · 3 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    15 May 2023, 12:00 BST
  2. Bids opened
    15 May 2023, 13:00 BST
  3. Notice published
    8 Jun 2023, 16:11 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    8 Jun 2023, 16:11 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 2admitted to the panel · see the list ↓
Bids received 5
Contracts signed 2latest 8 Jun 2023

2 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

  • Contract 016335-2023-1

    Signed
    8 Jun 2023
    Value
    —
    Status
    active

  • Contract 016335-2023-2

    Signed
    8 Jun 2023
    Value
    —
    Status
    active

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
Corporate finance advice on realisation/ disposal of portfolio assets5bids——£100,000 – £400,000
Whole notice———£200,000 – £400,000

Contracting authority & participating public bodies

NORTH EAST FINANCE (HOLDCO) LIMITED

Contracting authorityBody governed by public lawEconomic affairs GB-COH: 07000577 Baltimore House, Abbots Hill, Gateshead, North East, NE8 3DFContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

  • N/AReview body N/A

Framework contractors & participating bidders

2 commercial parties on the notice

Official documents & specifications (1)

Official links; attachments are not copied

Tender pack and attachments

  • Technical selection criteriatenderTechnical selection criteria