DFH - Investment in Charitable Bonds

{
  "id": "063049-2026",
  "tag": [
    "tender"
  ],
  "date": "2026-07-06T09:02:06+01:00",
  "ocid": "ocds-h6vhtk-06c3f6",
  "buyer": {
    "id": "GB-FTS-184274",
    "name": "Scottish Government"
  },
  "links": [
    {
      "rel": "canonical",
      "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000834870"
    }
  ],
  "tender": {
    "id": "Case 865168",
    "lots": [
      {
        "id": "1",
        "value": {
          "amount": 5000000,
          "currency": "GBP"
        },
        "status": "active",
        "hasOptions": false,
        "hasRenewal": false,
        "description": "The successful Contractor will issue and promote limited recourse bonds open for investment by Scottish Ministers., Upon the Bonds’ maturing (following a fixed term of between five and fifteen years), Subscribers will receive back their full investment plus a rate of return.\nThe Bonds will allow Subscribers to receive a rate of return on the amount they invest in the Bonds, the rate of return being expressed as total gross interest to be paid on maturity of the Bonds. .\nA proportion of the money which the SG Invests in the Bonds will be used by the Contractor to fund one or more loans, at a commercial fixed rate of interest (and subject to a single repayment with compound interest over a period matching the term of the bond), to eligible Registered Social Landlords for the purposes of supporting the development of affordable housing in Scotland.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Skills and Experience",
              "type": "quality",
              "description": "25"
            },
            {
              "name": "Robustness of Organisation and Investment",
              "type": "quality",
              "description": "15"
            },
            {
              "name": "Contract Management",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Climate Emergency",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Community Benefits",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Fair Work First",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Business Continuity and Disaster Recovery",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Service and Approach",
              "type": "quality",
              "description": "35"
            },
            {
              "type": "price",
              "description": "30"
            }
          ]
        },
        "contractPeriod": {
          "durationInDays": 1440
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "Scotland"
        },
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66150000",
            "scheme": "CPV",
            "description": "Financial markets administration services"
          },
          {
            "id": "75100000",
            "scheme": "CPV",
            "description": "Administration services"
          },
          {
            "id": "66190000",
            "scheme": "CPV",
            "description": "Loan brokerage services"
          }
        ]
      }
    ],
    "title": "DFH - Investment in Charitable Bonds",
    "value": {
      "amount": 5000000,
      "currency": "GBP"
    },
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "bidOpening": {
      "date": "2026-08-11T14:00:00+01:00"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2026-08-11T14:00:00+01:00"
    },
    "description": "The Scottish Government (SG) is committed to supporting the third sector in Scotland. The third sector has a direct impact on the growth of Scotland's economy, the wellbeing of its citizens and the improvement of its public services.\nThe supply of affordable housing as set out in the Housing to 2040 Strategy is a high priority for the SG and Charitable Bonds contribute to the Affordable Housing Supply Programme through both the provision of loan finance to Regional Social Landlords (RSLs) and the distribution of Charitable Donations.",
    "tenderPeriod": {
      "endDate": "2026-08-11T12:00:00+01:00"
    },
    "communication": {
      "atypicalToolUrl": "https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html"
    },
    "contractTerms": {
      "performanceTerms": "The successful supplier may be required to provide a Parent Company Guarantee"
    },
    "hasRecurrence": false,
    "classification": {
      "id": "66190000",
      "scheme": "CPV",
      "description": "Loan brokerage services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 180
      }
    },
    "submissionMethod": [
      "electronicSubmission"
    ],
    "otherRequirements": {
      "requiresStaffNamesAndQualifications": true
    },
    "procurementMethod": "open",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "suitability",
          "appliesTo": [
            "supplier"
          ],
          "description": "suppliers must be authorised by the Financial Conduct Authority"
        },
        {
          "type": "economic",
          "appliesTo": [
            "supplier"
          ],
          "description": "SPD 4B 4 - Bidders must demonstrate a Current Ratio of no less than 1.0.\nCurrent Ratio will be calculated as follows:\nnet current assets divided by net current liabilities.\nThere must be no qualification or contra-indication from any evidence provided in support of the bidders economic and financial standing.\n4B5 - The bidder confirms they already have or can commit to obtain, prior to the commencement of the contract, the levels of insurance cover indicated below:\nProfessional Risk Indemnity: 1000,000 GBP\nEmployer's (Compulsory) Liability: 5,000,000 GBP\nPublic Liability: 1,000,000 GBP\nInsurances must be kept for a minimum of 5 years after contract expiry date"
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-184274",
      "name": "Scottish Government",
      "roles": [
        "buyer",
        "centralPurchasingBody"
      ],
      "address": {
        "region": "UKM",
        "locality": "Glasgow",
        "postalCode": "G2 8LU",
        "countryName": "United Kingdom",
        "streetAddress": "5 Atlantic Quay  150 Brromielaw"
      },
      "details": {
        "url": "http://www.scotland.gov.uk",
        "buyerProfile": "https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA10482",
        "classifications": [
          {
            "id": "MINISTRY",
            "scheme": "TED_CA_TYPE",
            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "Scottish Government"
      },
      "contactPoint": {
        "url": "https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html",
        "name": "Gary Crombie",
        "email": "Gary.Crombie@gov.scot",
        "telephone": "+44 7392287522"
      }
    },
    {
      "id": "GB-FTS-22519",
      "name": "Sheriff Court House",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Edinburgh",
        "postalCode": "EH1 1LB",
        "countryName": "United Kingdom",
        "streetAddress": "27 Chamber Street"
      },
      "identifier": {
        "legalName": "Sheriff Court House"
      }
    }
  ],
  "language": "en",
  "description": "Statement for 4B.5\nIt is a requirement of this contract that bidders hold or can commit to obtain prior to the commencement of any\ncontract, the insurances indicated below:\nEmployer's (Compulsory) Liability Insurance = 5 million GBP\nPublic Liability Insurance = 1 million GBP\nProfessional Indemnity Insurance = 1 million GBP\nSPD will be scored on a pass/fail basis.\nThe contract award criteria will be Price 30%/Quality 70 %.\nQuestion Scoring Methodology for Award Criteria outlined in invitation to tender:\n0 — Unacceptable. Nil or inadequate response. Fails to demonstrate an ability to meet the requirement.\n1 — Poor. Response is partially relevant but generally poor. The response addresses some elements of the\nrequirement but contains insufficient/limited detail or explanation to demonstrate how the requirement will be\nfulfilled.\n2 — Acceptable. Response is relevant and acceptable. The response addresses a broad understanding of the\nrequirement but may lack details on how the requirement will be fulfilled in certain areas.\n3 — Good. Response is relevant and good. The response is sufficiently detailed to demonstrate a good\nunderstanding and provides details on how the requirements will be fulfilled.\n4 — Excellent. Response is completely relevant and excellent overall.\nBidders must complete the SPD (Scotland) to demonstrate adherence to the Exclusion and Selection Criteria\nfor this procurement.\nIf there are named subcontractors/technicians upon which the bidder will rely to meet the selection criteria,these named parties must\ncomplete and reattach the SPD Supplier Response Form attached to SPD\nquestions 2C.1.1 (Technicians) and 2D.1.2 (Subcontractors) on PCS-T. These parties must complete the first three sections of the SPD\nform, as well as any part of the section 4 selection criteria that the main bidder will rely upon the parties to fulfil. If parties have not yet\nbeen identified, this information may be required at a later\ndate. Scottish Government reserves the right to request this information from relevant parties upon whom the\nmain bidder will not rely to fulfil selection criteria.\n4C.10 Bidders will be required to confirm whether they intend to sub-contract and if so, for what proportion of the\ncontract.\nThe buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 32117. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343\nA sub-contract clause has been included in this contract. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2363\nCommunity benefits are included in this requirement. For more information see: https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/\nA summary of the expected community benefits has been provided as follows:\nCommunity Benefits will be a scored Evaluation Criteria\nSGPT Community Benefits Guidance - June 2021\nThe tenderer must provide a Community Benefits proposal that is relevant to the subject matter of this contract and supports the Scottish Ministers’ commitment to contributing to the social, economic & environmental well-being of the people of Scotland, as described in the specification.\nTenderers should not provide details of any existing initiatives they already undertake as part of their day-to-day business and the community benefits proposed must be generated specifically for and as a result of this contract.\nGood answers will demonstrate to evaluators that the tenderer has a comprehensive understanding of the subject matter of this contract and how the proposed benefits will reflect the national outcomes described in the Specification.\nProposals can be innovative but must be tangible and measurable, so that they can be monitored and reported throughout the contract.\n(SC Ref:834870)",
  "initiationType": "tender"
}