Pathways to Work: Innovation Fund Administration - Call off under the RM6322 - Fund Administration and Disbursement Services (FAADS) Dynamic Purchasing System (DPS)

This procurement aims to appoint a Supplier to provide full programme management of the Pathways to Work: Innovation Fund. The Pathways to Work: Innovation Fund Administration Supplier will be required to provide the expertise and capability to make sure that the available funding is used to generate as much quality evidence as possible from genuinely innovative Initiatives via the Pathways to Work: Innovation Fund. Full programme management will include the following service requirements: <br/>(a) Design and development. <br/>(b) Market engagement and promotion. <br/>(c) Application, assessment and award services. <br/>(d) Evaluation services. <br/>(e) Due diligence counter fraud services. <br/><br/>The initial value of the Pathways to Work: Innovation Fund Administration requirement is £4.25m and has been procured as a further call-off competition under the RM6322 - Fund Administration and Disbursement Services (FAADS) Dynamic Purchasing System (DPS). <br/><br/>The Authority is awarding a contract for the services for an initial period of 20 months with an option (subject to governance approval, available funding and satisfactory performance) for the Authority to extend the contract for a further period of up to 24 months by giving the Supplier written notice of no less than 3 Months before the initial period of the contract expires, unless terminated earlier in accordance with the provisions of the Contract.<br/><br/>The award criteria is based on the most economically advantageous tender (MEAT) using a Relative Assessment model. The Technical Envelope equates to 60% of the total evaluation score and the Commercial Envelope equates to 40% of the total evaluation score.