Official UK procurement notice
Financing of Rolling Stock
Authority: LONDON NORTH EASTERN RAILWAY LIMITED (Public body)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionLNER commenced a procurement process with potential manufacturers for the design, manufacture, testing and supply (and associated maintenance activities) of a fleet of ten (10) InterCity trains (the "Base Order Units"), owner owned spares, special tools, simulator hardware and technical information, mock-ups (together the "Leased Equipment") and depot works for the use on the East Coast franchise. There was also an option to procure up to an additional five (5) trains (the "Option Units").
The trains will provide LNER with additional capacity to accommodate future growth and have performance characteristics that enable the fleet to be timetabled effectively amongst modern InterCity trains. The trains shall be fully rated for operation on 25kV overhead line equipment and have self-power capability for operation on non-electrified sections of the network and over non-electrified diversionary routes, increasing the flexibility of LNER's fleet and the ability to provide uninterrupted services during engineering works.
CPV: Financial leasing services
The lotProcurement structure
single lot · value publishedLot #1The subject of the procurement was financing for the Base Order Units, Leased…AwardedRenewalPublished value£500,000,000
The subject of the procurement was financing for the Base Order Units, Leased Equipment, depot works and LNER's project costs by way of an Operating Lease Agreement (OLA) through a qualified provider of rolling stock operating leasing solutions. Further detail is set out in Section II.1.4.
LNER chose to run the procurement under the negotiated procedure with a prior call for competition under regulation 47 of the Utilities Contracts Regulations 2016.
The successful financier was chosen on the basis of the most economically advantageous bid based on the award criteria set out in the procurement documents.
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).
- Economic & financial standing
Selection criteria as stated in the pre-qualification questionnaire. Interested parties should note that suppliers are required to provide a response against the following selection question as part of the pre-qualification questionnaire:
The supplier must demonstrate that it either:
(a) Has the capacity (supported by a letter signed by a senior officer) to finance the total value of the Base Order Units, Option Units, Leased Equipment, depot works and LNER's project costs on a fully underwritten basis (for purposes of this selection question this is estimated at £400,000,000); or
(b) Represents a group of equity (or other forms of funds) financiers, who between them as a consortium are able to finance the total value of the Base Order, Option Units, Leased Equipment, depot works and LNER's project costs (for the purposes of this selection question this is estimated at £400,000,000).
Together such financiers must have the ability to provide an equity (or equivalent) investment in an amount of not less than £40,000,000, confirmed by a letter signed by a senior officer. Letters of support from other financiers who, at the time of response to the pre-qualification questionnaire may make up the consortium, must also be provided.
Please note that the above selection questions are set out in this contract notice for information only. Interested suppliers must ensure all questions in the pre-qualification questionnaire are completed in full, and in the format requested by the 07/06/…
- Technical & professional ability
Selection criteria as stated in the pre-qualification questionnaire. Interested parties should note that suppliers are required to provide a response against the following selection question as part of the pre-qualification questionnaire:
The supplier must demonstrate that it or one of the parties it represents has a record of participating as an equity financier in any one of the following:
(a) The operating lease financing of UK passenger rolling stock; or
(b) The operating lease financing of other UK rolling stock; or
(c) The operating lease financing of European passenger rolling stock; and
where the value of the individual transaction (measured as the purchase price of the financed rolling stock under (a) – (b) has exceeded £150,000,000 or under (c) €150,000,000.
Such record must consist of a current participation in such a transaction or having participated in such a transaction since 1 January 2016.
For each example you wish to put forward, please include details of the relevant project, fleet size, cost of transaction and contract period.
Please note that the above selection question is set out in this contract notice for information only. Interested suppliers must ensure all questions in the pre-qualification questionnaire are completed in full, and in the format requested by the 07/06/2021 at 16.00.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Negotiated procedure with prior call for competition
- Legal basis
- CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 11 May 2021, 09:40 BST
- Last source update
- 6 Dec 2023, 13:50 GMT
- Authority reference
DN1567- FTS notice number
2023/S 000-035939- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02af4fFind a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Review procedure
The UCR 2016 provide aggrieved parties who have been harmed or are at risk of harm a breach of the Regulations to take action in the High Court (England, Wales and Northern Ireland). The UCR 2016 set out the requirements on information to be provided prior to award of the contract and the procedures to be followed for bringing proceedings for breaches or alleged breaches of the UCR 2016.
Publisher note: Further to section II.1.5 and II.2.6, the estimated maximum value of the OLA is between £200,000,000 and £500,000,000 based on LNER's assessment at the time of this contract notice and on the basis of the option to extend is exercised for the maximum 8 year period (see further detail in section II.2.7).
How it was run
Official notice- Submission deadline
- 7 Jun 2021, 16:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
7 Jun 2021 → 6 Dec 2023 · 2 dates- Submission deadline7 Jun 2021, 16:00 BST
- Notice published6 Dec 2023, 13:50 GMT
Notice history
2 events · 2 releases on Find a Tender · since 6 Dec 2023- Status changed to complete6 Dec 2023, 13:50 GMT
- Buyer details updated6 Dec 2023, 13:50 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast1 further award records carry no date or value.
Contracts
Financing of Rolling Stock · supplier not published
- Signed
- 8 Nov 2023
- Value
- —
- Status
- active
Contracting authority & participating public bodies
2 public bodies on the noticeConsortium members and other public bodies
- London North Eastern Railway LtdContracting authorityRailway services
Dispute resolution & review bodies
- High Court of England and WalesReview body
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.