Find a TenderAwarded

Published 7 Dec 2021, 16:55 GMT

Official UK procurement notice

Growth Investment Support Services Framework

Official notice

Authority: Scottish Enterprise·Consortium: 2 public authorities

Framework agreement2 lotsServicesOpen procedureSME suitable

Sectors: Financial and insurance services (66)Business Services & Consultancy (79) Delivery: Scotland (UKM)

Framework ceiling (notional)£1,000,000total for 2 lots · framework ceiling, not attributable revenue · 1 value update

Submissions closed 24 Apr 2024awarded 23 Oct 2024

Lots 2see the lot list below

What is being bought2 lots · detail below

Published requirement description

The purpose of this ITT is to appoint an anticipated number of up to 4 suppliers over 2 Lots to deliver periodic expert support a range of different investment management, accounting, and corporate finance interventions as detailed in the Scope of Services section in the Invitation To Tender.

Recurrence: November 2025

CPV: Business and management consultancy and related services · Corporate finance and venture capital services · Financial consultancy services · Financial management consultancy services

How this framework works

From the published notice

Places: up to 4 suppliers · 11 bids on the busiest of 2 lots (2.8 per place) · 7 appointed (full)

Lots and requirements (2)Procurement structure

2 lots · 1 with a published value · same evaluation weights on every lot

Lot #1Bespoke InvestmentsAwardedRenewalPublished value£440,000

The Growth Investments (GI) team has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the team in the delivery of time-critical activities across all areas of the business. Successful delivery of GI’s objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the GI team has immediate access to specialist expertise as and when required.

The work covered under the framework will cover a range of different investment management, accounting, and corporate finance interventions across all areas of GI.

Lot 1 will be a single supplier Lot which will cover the more complex instructions which would typically be of a value around GBP50k and above where the deal is outwith our equity funds and where SE is a co-lead or sole investor. Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Delivery: Scotland

Extensions: This framework will be for an initial period of 36 months with the option to extend for a further 12 months if requiredVariant bids: not allowed

66122000 Corporate finance and venture capital services 66171000 Financial consultancy services 79400000 Business and management consultancy and related services 79412000 Financial management consultancy services

Lot #2Core Funding InvestmentsAwardedRenewalLot estimate not published

The work covered under the framework will cover a range of different investment management, accounting, and corporate finance interventions across all areas of GI.

Lot 2 will be appointed to up to 3 suppliers Lot which will cover the lower value, more frequent pieces of work. Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Delivery: Scotland

Extensions: The framework will be for an initial period of 36 months with the option to extend for a further 12 months if required.Variant bids: not 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 · same split on all 2 lots

Quality: 100Price: 40

Published sub-criteria (8)

Roles and responsibilities of project team, including capacity to deliver: 25
Investment market knowledge: 20
Understanding of project requirements and methodology, including tools and techniques, that will be used when providing the service: 20
Knowledge of Scotland’s growth sectors and of working with SMEs: 15
Information Security (ACP Level 2): 10
Business Continuity: 5
Fair Work First: 5
price: 40

Published award criteria (9)

Prompt Payment: Pass/Fail
Roles and responsibilities of project team, including capacity to deliver: 25
Investment market knowledge: 20
Understanding of project requirements and methodology, including tools and techniques, that will be used when providing the service: 20
Knowledge of Scotland’s growth sectors and of working with SMEs: 15
Information Security (ACP Level 2): 10
Business Continuity: 5
Fair Work First: 5
Price: 40

Conditions of participation3

Suitability
The relevant selection criteria will be included in the SPD Scotland module.
Economic & financial standing
The relevant selection criteria will be included in the SPD Scotland module.
Technical & professional ability
The relevant selection criteria will be included in the SPD Scotland module.

Staff: Names and qualifications of delivery staff must be submitted

What this means for your bid

Price carries 40 of 140 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
“Growth Investment Support Services Framework” is a framework: the contest is a place on its panel, up to 4 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 · November 2025
First published: 7 Dec 2021, 16:55 GMT
Last source update: 23 Oct 2024, 16:27 BST
Award evaluation window: 18 Apr 2024 – …
Authority reference: P24-0099
FTS notice number: 2024/S 000-034367
Classification (CPV): Business and management consultancy and related servicesCorporate finance and venture capital servicesFinancial consultancy servicesFinancial management consultancy services
Delivery area: Scotland (UKM)
Official registry OCID: ocds-h6vhtk-02fe46 Find a Tender

Contract terms

Electronic trading: e-invoicing allowed · electronic ordering · electronic payment
Performance terms: Details are included in the Invitation to Tender document

Review and risk notes

Review procedure: In the first instance, contact the Head of Facilities Management and Procurement at Scottish Enterprise, with any concerns or enquiries. Email: www.scottish-enterprise.com/help/contact-us ↗.
An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under the Public Contracts (Scotland) Regulations 2015, may bring proceedings that will be started in the High Court.

Publisher note: 23/10/24 - THIS IS A CONTRACT AWARD NOTICE TO FINALISE THE PROCESS. SPD Statement for 2A.17 – Form of Participation (Notably as part of a group, consortium, joint venture or similar). Any contract will be entered into with the nominated lead organisation and all members of the consortium, who will in these circumstances each be required to execute said contract together with all ancillary documentation, evidencing their joint and several liability in respect of the obligations and liabilities of the contract. It will be for members of the consortium to sort out their respective duties and liabilities amongst each other. For administrative purposes, any associated documentation will be sent to the nominated lead organisation. SPD Statement for 2C.1 - Where the main bidder relies on the capacities of other entities in order to meet the selection criteria, the bidder must provide a separate SPD response setting out the information required under SPD (Scotland): Part II (sections A and B); Part III exclusion grounds; the relevant part of Section IV selection criteria; and Part V (if applicable) for each of the entities concerned. SPD Statement for 2D.1.2 – If the bidder proposes to subcontract any part(s) of the service and those sub-contractors are not relied upon, they should arrange for a separate SPD response from each potential subcontractor. The subcontractors must complete the relevant parts of the SPD (Scotland) (Sections A and B of Part II and Part III only) to self-declare whether there are grounds for their exclusion. [This may be requested at the selection stage or prior to the subcontractor commencing work on the contract.] This is a relevant climate change contract, bidders are required to complete and return the attached Climate Change Plan template. (SC Ref:781408)

How it was run

Official notice

Run through: Public Contracts Scotland · Who buys & how to bid on PCS

Supplier login requiredLanguage: EN

Access & registration note: Free single registration for Scotland; PCS-Tender (Jaggaer) for full bidding

Tender documents are also served through a separate tool: http://www.publiccontractsscotland.gov.uk ↗

Appointment period ends: 24 Apr 2024, 11:00 BST
Submission channel: {"electronicSubmission"}
Accepted languages: en
Bid validity: 2700 days from the deadline
Bids opened: 18 Apr 2024, 11:00 BST

Detailed submission instructions & authority contactsFrom official release

www.publiccontractsscotland.gov.uk ↗

Timeline

18 Apr 2024 → 23 Oct 2024 · 3 dates

Bids opened
18 Apr 2024, 11:00 BST
Admission / appointment period endsperiod end, not a bid countdown
24 Apr 2024, 11:00 BST
Notice published
23 Oct 2024, 16:27 BST

Notice history

7 events · 5 releases on Find a Tender · since 8 Mar 2022

Status changed to complete
8 Mar 2022, 08:44 GMT
Published value updated to £1,000,000
14 Mar 2024, 15:41 GMT
was £440,000
Status changed to active
14 Mar 2024, 15:41 GMT
Deadline moved to 18 Apr 2024, 11:00 BST
14 Mar 2024, 15:41 GMT
+825 days · was 14 Jan 2022, 11:00 GMT
Buyer details updated
14 Mar 2024, 15:41 GMT
Deadline moved to 24 Apr 2024, 11:00 BST
17 Apr 2024, 16:59 BST
+6 days · was 18 Apr 2024, 11:00 BST
Status changed to complete
23 Oct 2024, 16:27 BST

Published amendments (1 · 1 deadline change)

When	What	Before	After	Shift
—	DeadlineTime limit · IV.2.2	18 Apr 2024	24 Apr 2024	+6 d

Due to our delay in answering the remaining questions we have extended the tender deadline to allow bidders to review and take account of these queries and our responses. Kind regards

Routine re-releases (5)

2022-03: 1 release · 8 Mar 2022
2021-12: 1 release · 7 Dec 2021

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Suppliers appointed 7admitted to the panel · see the list ↓

Bids received 118 from SMEs · busiest of 2 lots

Contracts signed 3latest 23 Oct 2024

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

Contracts

Bespoke Investments
Signed
23 Oct 2024
Value
£800,000
Status
active
Core Funding Investments
Signed
10 Jun 2024
Value
£200,000
Status
active
Contract 006245-2022-P22-0099-1
Signed
16 Feb 2022
Value
£440,000
Status
active

Bid statistics published by the authority

Lot	Bids	SME	VCSE	Valid bid range
1 · Bespoke Investments	11bids · 11 electronic · 11 from abroad	8	—	—
2 · Core Funding Investments	4bids · 4 electronic · 4 from abroad	3	—	—

Contracting authority & participating public bodies

2 public bodies on the notice

Scottish Enterprise

Contracting authorityRegional or local agency/officeEconomic affairsRegional or local authority 21 Russell Crescent, Bathgate, Scotland, EH48 2GNContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

Glasgow Sheriff Court and Justice of the Peace CourtReview body GlasgowContact phone
Scottish GovernmentMediation bodyReview contact point GlasgowContact email, phone

Framework contractors & participating bidders

8 commercial parties on the notice

Brian ScoulerFramework contractor 31 Cramond Road North, Edinburgh, Scotland, EH4 6LYContact phone
Chiene + Tait LLPFramework contractor 61 Dublin Street, Edinburgh, UK, EH3 6NLContact phone
Dempster Solutions LimitedFramework contractor 23 Albert Place, Stirling, Scotland, FK82RFContact phone
Grant Thornton UK LLPFramework contractor 30 Finsbury Square, London, UK, EC2A 1AGContact phone
Henderson LoggieFramework contractor 45 Queens Road, Aberdeen, Scotland, AB15 4ZnContact phone
Henderson Loggie LLPFramework contractor 45 Queen's Road, Aberdeen, Scotland, AB15 4ZNContact phone
PricewaterhouseCoopersFramework contractor 1 Embankment Place, London, London, WC2N 6RHContact phone
Teneo Financial Advisory LimitedFramework contractor 5th Floor, 6 More London Place, London, UK, SE1 2DAContact phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.