Official UK procurement notice
Due Diligence Framework Agreement Lot 1 - Financial Due Diligence
Authority: Scottish National Investment Bank
What is being bought
Published requirement descriptionWe are a mission-led development investment bank for Scotland, wholly owned by the Scottish Ministers on behalf of the people of Scotland. We have been established to operate commercially and are operationally independent from government. We invest in Scottish business, projects, and communities to deliver environment, social and financial returns for the people of Scotland. Our missions are at the heart of everything that we do. You can find out more about the Bank and our missions at our website www.thebank.scot ↗.
The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required.
The requirements are split into four Lots:
Lot 1 - Financial Diligence
Lot 2 – Model Audit
Lot 3 – Tax diligence
Lot 4 – Company Valuations
This particular Contract notice and tender exercise relates to Lot 1 - Financial Diligence.
Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, all published on the same date.
- Recurrence: 2027
CPV: Business and management consultancy and related services · Financial consultancy services · Investment banking services and related services
How this framework works
From the published notice- Places
- up to 5 suppliers · 16 bids received (3.2 per place) · 5 appointed (full)
The lotProcurement structure
single lot · no lot value publishedLot #1The Bank are setting up a Framework Agreement to undertake Due Diligence on potential…Awarded
The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required.
The requirements are split into four Lots:
Lot 1 - Financial Diligence
Lot 2 – Model Audit
Lot 3 – Tax diligence
Lot 4 – Company Valuations
This particular tender exercise relates to Lot 1 - Financial Diligence.
Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, which were all published on the same date with.
What it takes to wini
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 morei
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).
Published sub-criteria (4)
- Delivery Methodology: 30%
- Management Methodology: 20%
- Management & Delivery Team: 20%
- price: 30%
Published award criteria (4)
- Delivery Methodology: 30
- Management Methodology: 20
- Management & Delivery Team: 20
- Price: 30
- Suitability
Not Applicable - all requirements are identified within the specification document.
- Condition of participationno text publishedMinimum: Those bidding must either have or committ to having the following insurance cover before entering any call off contract: Professional Risk Indemnity Insurance - 1 million GBP for each and every claim Employers Liability Insurance - 5 million GBP
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
- “Due Diligence Framework Agreement Lot 1 - Financial Due Diligence” is a framework: the contest is a place on its panel, up to 5 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 · publisher note attached- 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
- Yes (GPA)
- Recurring procurement
- Yes · 2027
- First published
- 27 Oct 2023, 11:33 BST
- Last source update
- 26 Mar 2024, 15:06 GMT
- Award evaluation window
- 30 Nov 2023 – …
- FTS notice number
2024/S 000-009848- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-040f92Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Performance terms
Please see the Lot 1 Specification.
Publisher note: (SC Ref:761686)
How it was run
Official notice- Appointment period ends
- 30 Nov 2023, 13:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 120 days from the deadline
- Bids opened
- 30 Nov 2023, 14:00 GMT
Timeline
30 Nov 2023 → 26 Mar 2024 · 3 dates- Admission / appointment period endsperiod end, not a bid countdown30 Nov 2023, 13:00 GMT
- Bids opened30 Nov 2023, 14:00 GMT
- Notice published26 Mar 2024, 15:06 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete26 Mar 2024, 15:06 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.
Contracts
Contract 009848-2024-1
- Signed
- 1 Mar 2024
- Value
- £2,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 16bids · 16 electronic · 16 from abroad | 4 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Edinburgh Sheriff CourtReview body
Framework contractors & participating bidders
5 commercial parties on the notice- Anderson Anderson & Brown LLPFramework contractor
- Chiene + Tait LLPFramework contractor
- Grant Thornton UK LLPFramework contractor
- Henderson Loggie LLPFramework contractor
- Interpath AdvisoryFramework contractor
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.