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AwardedFind a Tender · award

SE Pension Scheme Trustee Services: Investment Consulting Service

Buyer: Scottish Enterprise →

BuyerScottish Enterprise
StatusAwarded
DeadlineNot published
ValueValue not published
Published19 Jul 2024

What is being bought

The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are tendering to appoint a single supplier for provision of an Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028.

Delivery location

UKM

Categories

Pension investment services 66131100Pension fund management services 66141000Pension services 66520000Group pension services 66522000Pension fund consultancy services 66523000Pension fund consultancy services 66523000

Lot details

Lot 1

The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are to tender for the provision of a Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028. Parties believing they have appropriate capability should respond to this invitation to tender. The Scheme Trustees are looking for a value for money provider, albeit quality of service and personnel will be as important as price. The trustees are seeking a good mix of innovation and pragmatism in their service provider. 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.

Statuscancelled

Award criteria
Added Value — 19
Team capbility and structure — 18
Understanding of requirements — 17
Methodology - features of approach — 16
Operational management, management processes, efficiency of systems, risk management — 10
Information Security — 10
Business Continuity — 5
Fair Work First — 5
Prompt Payment — Pass/Fail
price — 40

What is included

ItemCategoryQuantity
1Pension investment services, Pension fund management services, Pension services, Group pension services, Pension fund consultancy servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Pension investment services (66131100); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 662,7583 median · 17.2 average (1,185 of 2,758 with a bid count)2.5 average (1,317 of 2,758 with named award suppliers)Not published
Same buyer101 median · 3.6 average (7 of 10 with a bid count)1.4 average (8 of 10 with named award suppliers)Not published
Delivery region: UKM843 median · 18.4 average (39 of 84 with a bid count)3.9 average (52 of 84 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

022445-2024-P24-0106-1

Statusactive
SupplierIsio

Contracts

022445-2024-P24-0106-1

Statusactive
Value£1,200,000

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-044dc7
Latest release ID022445-2024
Latest release timestampFri Jul 19 2024 10:10:41 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release4

Notice history

DateEventReference
19 Jul 2024award, contract022445-2024
27 Mar 2024tender010117-2024

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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        "value": 1,
        "measure": "smeBids",
        "relatedLot": "1"
      },
      {
        "id": "3",
        "value": 0,
        "measure": "foreignBidsFromEU",
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      },
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        "id": "4",
        "value": 4,
        "measure": "foreignBidsFromNonEU",
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      },
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        "measure": "electronicBids",
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  "date": "2024-07-19T11:10:41+01:00",
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  "buyer": {
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        }
      ],
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    }
  ],
  "tender": {
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        "status": "cancelled",
        "hasOptions": false,
        "description": "The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are to tender for the provision of a Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028. Parties believing they have appropriate capability should respond to this invitation to tender.\nThe Scheme Trustees are looking for a value for money provider, albeit quality of service and personnel will be as important as price.\nThe trustees are seeking a good mix of innovation and pragmatism in their service provider. 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.",
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              "type": "quality",
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              "type": "quality",
              "description": "18"
            },
            {
              "name": "Understanding of requirements",
              "type": "quality",
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            {
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              "type": "quality",
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              "type": "quality",
              "description": "10"
            },
            {
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              "type": "quality",
              "description": "10"
            },
            {
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              "type": "quality",
              "description": "5"
            },
            {
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              "type": "quality",
              "description": "5"
            },
            {
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              "type": "quality",
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            },
            {
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          {
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          {
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    "title": "SE Pension Scheme Trustee Services:  Investment Consulting Service",
    "status": "complete",
    "coveredBy": [
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    },
    "description": "The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are tendering to appoint a single supplier for provision of an Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028.",
    "reviewDetails": "In the first instance, contact the Head of Facilities Management and Procurement at Scottish Enterprise, with any concerns or enquiries. Email: https://www.scottish-enterprise.com/help/contact-us.\nAn 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.",
    "classification": {
      "id": "66523000",
      "scheme": "CPV",
      "description": "Pension fund consultancy services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
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      "name": "Scottish Enterprise",
      "roles": [
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        "locality": "Glasgow",
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        "countryName": "United Kingdom",
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            "scheme": "COFOG",
            "description": "Economic affairs"
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      "contactPoint": {
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    {
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      "address": {
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        "locality": "Edinburgh",
        "postalCode": "EH2 4LH",
        "countryName": "United Kingdom",
        "streetAddress": "110 George Street"
      },
      "details": {
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      "identifier": {
        "legalName": "Isio"
      },
      "contactPoint": {
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    },
    {
      "id": "GB-FTS-5762",
      "name": "Glasgow Sheriff Court and Justice of the Peace Court",
      "roles": [
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        "countryName": "United Kingdom",
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      "details": {
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    {
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        "streetAddress": "5 Atlantic Quay, 150 Broomielaw"
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      "details": {
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      "identifier": {
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      "contactPoint": {
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      }
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  ],
  "language": "en",
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      "value": {
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      },
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      "awardID": "022445-2024-P24-0106-1",
      "dateSigned": "2024-07-19T00:00:00+01:00"
    }
  ],
  "description": "THIS IS THE CONTRACT AWARD NOTICE.\nThis is a relevant climate change contract, bidders are required to complete and return the attached Climate Change Plan template.\nSPD Statement for 2A.17 – Form of Participation (Notably as part of a group, consortium, joint venture or similar).\nAny 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.\nSPD 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.\nSPD 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.]\n(SC Ref:772942)",
  "initiationType": "tender"
}
Complete JSON history (2 releases)
19 Jul 2024 · 022445-2024 · award, contract
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        "description": "The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are to tender for the provision of a Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028. Parties believing they have appropriate capability should respond to this invitation to tender.\nThe Scheme Trustees are looking for a value for money provider, albeit quality of service and personnel will be as important as price.\nThe trustees are seeking a good mix of innovation and pragmatism in their service provider. 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.",
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    }
  ],
  "description": "THIS IS THE CONTRACT AWARD NOTICE.\nThis is a relevant climate change contract, bidders are required to complete and return the attached Climate Change Plan template.\nSPD Statement for 2A.17 – Form of Participation (Notably as part of a group, consortium, joint venture or similar).\nAny 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.\nSPD 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.\nSPD 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.]\n(SC Ref:772942)",
  "initiationType": "tender"
}
27 Mar 2024 · 010117-2024 · tender
{
  "id": "010117-2024",
  "tag": [
    "tender"
  ],
  "date": "2024-03-27T16:17:33Z",
  "ocid": "ocds-h6vhtk-044dc7",
  "buyer": {
    "id": "GB-FTS-1478",
    "name": "Scottish Enterprise"
  },
  "links": [
    {
      "rel": "canonical",
      "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000761305"
    }
  ],
  "tender": {
    "id": "P24-0106",
    "lots": [
      {
        "id": "1",
        "value": {
          "amount": 1200150,
          "currency": "GBP"
        },
        "status": "active",
        "renewal": {
          "description": "It is anticipated that the contract will start on 1 October 2024 for a period of 36 months, with an option to extend for a further 12 months if required."
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are to tender for the provision of a Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028. Parties believing they have appropriate capability should respond to this invitation to tender.\nThe Scheme Trustees are looking for a value for money provider, albeit quality of service and personnel will be as important as price.\nThe trustees are seeking a good mix of innovation and pragmatism in their service provider. 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.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Added Value",
              "type": "quality",
              "description": "19"
            },
            {
              "name": "Team capbility and structure",
              "type": "quality",
              "description": "18"
            },
            {
              "name": "Understanding of requirements",
              "type": "quality",
              "description": "17"
            },
            {
              "name": "Methodology - features of approach",
              "type": "quality",
              "description": "16"
            },
            {
              "name": "Operational management, management processes, efficiency of systems, risk management",
              "type": "quality",
              "description": "10"
            },
            {
              "name": "Information Security",
              "type": "quality",
              "description": "10"
            },
            {
              "name": "Business Continuity",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Fair Work First",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Prompt Payment",
              "type": "quality",
              "description": "Pass/Fail"
            },
            {
              "type": "price",
              "description": "40"
            }
          ]
        },
        "contractPeriod": {
          "durationInDays": 1440
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKM"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66131100",
            "scheme": "CPV",
            "description": "Pension investment services"
          },
          {
            "id": "66141000",
            "scheme": "CPV",
            "description": "Pension fund management services"
          },
          {
            "id": "66520000",
            "scheme": "CPV",
            "description": "Pension services"
          },
          {
            "id": "66522000",
            "scheme": "CPV",
            "description": "Group pension services"
          },
          {
            "id": "66523000",
            "scheme": "CPV",
            "description": "Pension fund consultancy services"
          }
        ]
      }
    ],
    "title": "SE Pension Scheme Trustee Services:  Investment Consulting Service",
    "value": {
      "amount": 1200150,
      "currency": "GBP"
    },
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "bidOpening": {
      "date": "2024-05-01T11:00:00+01:00"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2024-05-01T11:00:00+01:00"
    },
    "description": "The Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme) are tendering to appoint a single supplier for provision of an Investment Consulting Service for the period 1st October 2024 to 30th September 2027 with the option to extend until 30th September 2028.",
    "tenderPeriod": {
      "endDate": "2024-05-01T11:00:00+01:00"
    },
    "communication": {
      "atypicalToolUrl": "http://www.publiccontractsscotland.gov.uk"
    },
    "contractTerms": {
      "hasElectronicPayment": true,
      "hasElectronicOrdering": true,
      "electronicInvoicingPolicy": "allowed"
    },
    "hasRecurrence": false,
    "reviewDetails": "In the first instance, contact the Head of Facilities Management and Procurement at Scottish Enterprise, with any concerns or enquiries. Email: https://www.scottish-enterprise.com/help/contact-us.\nAn 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.",
    "classification": {
      "id": "66523000",
      "scheme": "CPV",
      "description": "Pension fund consultancy services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 90
      }
    },
    "submissionMethod": [
      "electronicSubmission"
    ],
    "otherRequirements": {
      "requiresStaffNamesAndQualifications": true
    },
    "procurementMethod": "open",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "suitability",
          "appliesTo": [
            "supplier"
          ],
          "description": "The relevant selection criteria will be included in the SPD Scotland module.\nQ4A1 - The bidder is required to be registered with the Financial Conduct Authority or equivalent."
        },
        {
          "type": "economic",
          "appliesTo": [
            "supplier"
          ],
          "description": "The relevant selection criteria will be included in the SPD Scotland module."
        },
        {
          "type": "technical",
          "appliesTo": [
            "supplier"
          ],
          "description": "The relevant selection criteria will be included in the SPD Scotland module."
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "http://www.publiccontractsscotland.gov.uk",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-1478",
      "name": "Scottish Enterprise",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKM82",
        "locality": "Glasgow",
        "postalCode": "G2 6HQ",
        "countryName": "United Kingdom",
        "streetAddress": "Atrium Court, 50 Waterloo Street"
      },
      "details": {
        "url": "http://www.scottish-enterprise.com/",
        "buyerProfile": "https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00398",
        "classifications": [
          {
            "id": "REGIONAL_AGENCY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local agency/office"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Scottish Enterprise"
      },
      "contactPoint": {
        "url": "http://www.publiccontractsscotland.gov.uk",
        "email": "joanne.napier@scotent.co.uk",
        "telephone": "+44 1414686024"
      }
    },
    {
      "id": "GB-FTS-5762",
      "name": "Glasgow Sheriff Court and Justice of the Peace Court",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Glasgow",
        "postalCode": "G5 9DA",
        "countryName": "United Kingdom",
        "streetAddress": "Sheriff Clerk’s Office, PO Box 23, 1 Carlton Place,"
      },
      "details": {
        "url": "https://www.scotcourts.gov.uk/the-courts/court-locations/glasgow-sheriff-court-and-justice-of-the-peace-court"
      },
      "identifier": {
        "legalName": "Glasgow Sheriff Court and Justice of the Peace Court"
      }
    },
    {
      "id": "GB-FTS-1538",
      "name": "Scottish Government",
      "roles": [
        "mediationBody",
        "reviewContactPoint"
      ],
      "address": {
        "locality": "Glasgow",
        "postalCode": "G2 8LU",
        "countryName": "United Kingdom",
        "streetAddress": "5 Atlantic Quay, 150 Broomielaw"
      },
      "details": {
        "url": "http://www.gov.scot/Topics/Government/Procurement/Selling/supplier-enquiries"
      },
      "identifier": {
        "legalName": "Scottish Government"
      },
      "contactPoint": {
        "email": "SPOEprocurement@scotland.gsi.gov.uk",
        "telephone": "+44 1412425466"
      }
    }
  ],
  "language": "en",
  "description": "This is a relevant climate change contract, bidders are required to complete and return the attached Climate Change Plan template.\nSPD Statement for 2A.17 – Form of Participation (Notably as part of a group, consortium, joint venture or similar).\nAny 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.\nSPD 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.\nSPD 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.]\nNOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=761305.\nThe buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx.\nSuppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems.\n(SC Ref:761305)\nDownload the ESPD document here: https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=761305",
  "initiationType": "tender"
}