Find a TenderAwarded
Published 24 Sept 2021, 18:53 BST

Official UK procurement notice

Warwickshire Recovery and Investment Fund: External Fund Advisory Services -Property & Infrastructure

Official notice

Authority: Warwickshire County Council (Local council)

ServicesOpen procedure
Awarded value£1,660,000published contract · exc. VAT
Submissions closed 25 Oct 2021awarded 24 May 2022
Awarded to CBRE Indirect Investment Services Limited

What is being bought

Published requirement description

The Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute £140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth.

The WRIF will comprise of three pillars of support:

  • Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of £90 million).
  • Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of £10 million).
  • Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs (likely to be in the region of £40 million).

This ITT relates to the requirement for the Property and Infrastructure Pillar. Warwickshire County Council ('the Council') is seeking an External Fund Advisor to manage the Property

and Infrastructure Pillar.

The Property & Infrastructure Pillar is intended as a flexible investment scheme that can be deployed by the Council to help developers purchase and/or for the development of new

employment land or commercial space to support the growth of Warwickshire's economy. Its focus is on creating or enhancing new or existing development that will help provide the land

and premises needed to drive the future growth of our economy and will therefore be linked to supporting growth in the Council's key priority sectors.

The Fund Advisor will be responsible for the the promotion, marketing and day to day administration of the activities of the Fund. It will originate and compile investment opportunities against the agreed Investment Strategy. It will undertake the necessary due diligence prior to making recommendations that support WCC's approval process prior to each investment being made. It will then be responsible for the ongoing management of this investment.

CPV: Financial and insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded
Delivery: West Midlands
Extensions: The contract term will comprise of a) the Investment Activity Phase and b) the Loan Portfolio Management Phase. The Investment Activity Phase will be for an initial term of 5 years (or until the Council has invested all of the allocated Property and Infrastructure Pillar funds, if achieved earlier). However the Council reserves the right to extend the Investment Activity Phase by further periods not exceeding 24 months. The Loan Portfolio Management Phase will begin on the date that the Council makes the first investment and will end up to 10 years from the date that the Council makes the final investment. The contract is therefore expected to run for around 15-17 years, but it may expire sooner.Variant bids: 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
Quality: 54%Price: 40%Social value: 6%
Published sub-criteria (7)
  • skills & capability: 12%
  • deal origination: 12%
  • fund management: 12%
  • deployment: 6%
  • systems: 12%
  • price: 40%
  • social value: 6%
Published award criteria (7)
  • skills & capability: 12
  • deal origination: 12
  • fund management: 12
  • deployment: 6
  • systems: 12
  • social value: 6
  • Price: 40
What this means for your bid
  • Price carries 40 of 100 points: a 10% discount moves about 4 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
24 Sept 2021, 18:53 BST
Last source update
23 Jun 2022, 17:39 BST
Award evaluation window
25 Oct 2021 – …
Authority reference
12408
FTS notice number
2022/S 000-017248
Classification (CPV)
Financial and insurance services
Delivery area
West Midlands (UKG)
Official registry OCID
ocds-h6vhtk-02e4b4 Find a Tender

Publisher note: Warwickshire County Council will be using its e-tendering system (In-Tend) for the administration of this procurement process and providers must register with the system to be able to express an interest. The web address is: www.csw-jets.co.uk Registration and use of In-Tend is free. Once registered, all correspondence for this procurement process must be via the in-tend correspondence function. However, if you are unable to register with the website please email us at [email protected]

How it was run

Official notice
Run through: portal not identified
Language: EN
Submission deadline
25 Oct 2021, 13:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
25 Oct 2021, 13:30 BST
Detailed submission instructions & authority contactsFrom official release

Timeline

25 Oct 2021 → 23 Jun 2022 · 3 dates
  1. Submission deadline
    25 Oct 2021, 13:00 BST
  2. Bids opened
    25 Oct 2021, 13:30 BST
  3. Notice published
    23 Jun 2022, 17:39 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    23 Jun 2022, 17:39 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £1,660,0001 contract exc. VAT
Bids received 2
Contracts signed 1latest 24 May 2022
Awarded toValueDateStatus
CBRE Indirect Investment Services Limited£1,660,000 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids———

Contracting authority & participating public bodies

Warwickshire County Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Shire Hall,Market Square, WARWICK, West Midlands, CV344RLContact email Published organisation website ↗

Dispute resolution & review bodies

  • Royal Courts of JusticeReview body London

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria