Official UK procurement notice
The Provision of Legal Services to the Teesside Flexible Investment Fund
Authority: Development Bank of Wales (Central government)
What is being bought
Published requirement descriptionTeesside Flexible Investment Fund
The Teesside Flexible Investment Fund (“TFIF”) is a GBP20m fund established in April 2024 with financial support from the Teesside Pension Fund to facilitate the delivery of business succession and property development projects in Teesside that support economic growth and create employment. The fund can also facilitate the delivery of contracts, although this is outside of the scope of this procurement.
The fund can provide funding from GBP250,000 to GBP3,000,000 over a maximum five (5) year term.
2.4 FWC as Fund Managers of the TFIF, are seeking to appoint an experienced legal panel on a call off basis to be utilised as and when required to support the role out of the fund.
Further information can be obtained from the Invitation to Tender
CPV: Legal advisory and information services · Legal advisory services · Legal services
The lotProcurement structure
single lot · no lot value publishedLot #1Requirements for the contract include: AwardedRenewal
Requirements for the contract include:
Firms must have a physical presence in Tees Valley;
- Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of succession investments including but not limited to:
- Equity, equity option and loan agreements & associated documents.
- Debentures.
- Legal charges.
- Deeds Of Priority and Intercreditor Agreements.
- Personal and corporate guarantees.
- Articles of Association and Shareholder Agreements.
- Service Agreements.
- Transfer of IP and other assets, assignment of contracts.
- Share transfers.
- Companies House documentation.
- Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of property development investments including but not limited to:
- Legal charges over land and property.
- Report on Title.
- Build Contracts.
- Collateral Warranties.
- Leases, pre-sale, and pre-let agreements.
- Firms must be able to demonstrate they have sufficient resources in place to deliver the Services in a timely manner and that they represent good value for money for the Services delivered.
- Firms must be able to demonstrate how they can add value to the Fund Manager in the delivery of the TFIF over its lifetime.
Further information can be found within the Invitation to Tender.
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 (7)
- Project Team and Relevant Experience: 14%
- Delivery of the Services: 16%
- Key Issues, Risks and Challenges: 5%
- Conflicts of Interest: 5%
- Added Value: 10%
- Presentation: 25%
- price: 25%
Published award criteria (7)
- Project Team and Relevant Experience: 14
- Delivery of the Services: 16
- Key Issues, Risks and Challenges: 5
- Conflicts of Interest: 5%
- Added Value: 10%
- Presentation: 25
- Price: 25
- Suitability
Please refer to the Invitation to Tender.
- Technical & professional ability
Execution of the service is reserved to a particular profession
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 25 of 100 points: a 10% discount moves about 2.5 points. The method statement decides this lot, not the discount.
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
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 22 Apr 2024, 16:45 BST
- Last source update
- 22 Jan 2025, 16:20 GMT
- Award evaluation window
- 24 May 2024 – …
- Authority reference
DBW00072- FTS notice number
2025/S 000-002284- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-045435Find a Tender
- Performance terms
Please refer to the Invitation to Tender and associated contract.
Publisher note: (WA Ref:147570)
How it was run
Official notice- Submission deadline
- 24 May 2024, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 24 May 2024, 12:00 BST
Timeline
24 May 2024 → 22 Jan 2025 · 3 dates- Submission deadline24 May 2024, 12:00 BST
- Bids opened24 May 2024, 12:00 BST
- Notice published22 Jan 2025, 16:20 GMT
Notice history
1 event · 3 releases on Find a Tender- Status changed to complete13 Nov 2024, 08:45 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Muckle LLPSME, Square One Law LLPSME, THE ENDEAVOUR PARTNERSHIP LLPSME, WARD HADAWAY LLPjoint award | £300,000 †same award published again · counted once | — | Awarded |
| Muckle LLPSME, Square One Law LLPSME, THE ENDEAVOUR PARTNERSHIP LLPSME, WARD HADAWAY LLPjoint award | £300,000 † | — | Awarded |
Contracts
Contract 002284-2025-DBW00072.00-1 · Muckle LLPSME, Square One Law LLPSME, THE ENDEAVOUR PARTNERSHIP LLPSME, WARD HADAWAY LLP
- Signed
- 9 Jul 2024
- Value
- £300,000
- Status
- active
Contract 036664-2024-DBW00072.00-1 · Muckle LLPSME, Square One Law LLPSME, THE ENDEAVOUR PARTNERSHIP LLPSME, WARD HADAWAY LLP
- Signed
- 2 Jul 2024
- Value
- £300,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 6bids · 6 electronic · 6 from abroad | 5 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Bidders & participating suppliers
4 commercial parties on the notice- Muckle LLPAwarded supplier
- Square One Law LLPAwarded supplier
- THE ENDEAVOUR PARTNERSHIP LLPAwarded supplier
- WARD HADAWAY LLPAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria
- Economic and financial selection criteria
- Technical selection criteria