Contract for an Investment Fund Management Service

Contract for an Investment Fund Management Service

Contract for an Investment Fund Management Service for the County Council of Durham.

United Kingdom-Durham: Corporate finance and venture capital services

2016/S 202-365283

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Durham County Council
Corporate Procurement, County Hall
Durham
DH1 5UL
United Kingdom
E-mail: richard.carroll@durham.gov.uk
NUTS code: UKC14

Internet address(es):Main address: http://www.durham.gov.uk

Address of the buyer profile: www.nepoportal.org

I.2)Joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: www.nepoportal.org
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted to the abovementioned address

I.4)Type of the contracting authority

Regional or local authority

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

Contract for an Investment Fund Management Service for the County Council of Durham.

Reference number: DN215093

II.1.2)Main CPV code

66122000

II.1.3)Type of contract

Services

II.1.4)Short description:

This contract is for the appointment of a single Financial Conduct Authority (FCA) authorised fund management company with the ability to deliver the following services on behalf of the Authority:

1. Fund management activity undertaken in relation to the Finance Durham Fund for Years 1 to 3 (with a possibility of annual extensions for up to a further two years).

2. Provision of access to finance (A2F) business support activity for Years 1 to 3 (with a possibility of annual extensions for up to a further two years).

3. Assistance and support to Durham County Council (DCC) in relation to setting up a new DCC owned FCA regulated fund management company (NEWCO). It is the intention of the Authority that NEWCO undertakes the fund management activity associated with the management of the Finance Durham Fund from year 3 onwards.

For further information relating to this opportunity please see the enclosed Tender Pack and the Memorandum of Information.

II.1.5)Estimated total value

II.1.6)Information about lots

This contract is divided into lots: no
II.2)Description
II.2.1)Title:

II.2.2)Additional CPV code(s)

66130000
66000000

II.2.3)Place of performance

NUTS code: UKC14
Main site or place of performance:

County Durham.

II.2.4)Description of the procurement:

This contract is for the appointment of a single Financial Conduct Authority (FCA) authorised fund management company with the ability to deliver the following services on behalf of the Authority:

1. Fund management activity undertaken in relation to the Finance Durham Fund for Years 1 to 3 (with a possibility of annual extensions for up to a further two years).

2. Provision of access to finance (A2F) business support activity for Years 1 to 3 (with a possibility of annual extensions for up to a further two years).

3. Assistance and support to Durham County Council (DCC) in relation to setting up a new DCC owned FCA regulated fund management company (NEWCO). It is the intention of the Authority that NEWCO undertakes the fund management activity associated with the management of the Finance Durham Fund from year 3 onwards.

For further information relating to this opportunity please see the enclosed Tender Pack and the Memorandum of Information.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated value

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Start: 01/04/2017
End: 31/03/2020
This contract is subject to renewal: no

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged number of candidates: 6
Objective criteria for choosing the limited number of candidates:

As outlined in the procurement documentation.

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

As outlined in the procurement documentation.

III.1.2)Economic and financial standing

Selection criteria as stated in the procurement documents

III.1.3)Technical and professional ability

Selection criteria as stated in the procurement documents
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract

III.2.1)Information about a particular profession

Execution of the service is reserved to a particular profession
Reference to the relevant law, regulation or administrative provision:

As outlined in the procurement documentation and:

All economic operators are required to be accredited by the Financial Conduct Authority.

III.2.2)Contract performance conditions:

As outlined in the procurement documentation

Service providers may be asked to actively participate in the achievement of social and/or environmental policy objectives. Accordingly, contract performance conditions in particular may relate to social and/or environmental considerations.

Further details of the above and of other particular conditions are set out in the tender documents.

III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Competitive procedure with negotiation
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue

IV.1.5)Information about negotiation

The contracting authority reserves the right to award the contract on the basis of the initial tenders without conducting negotiations
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 21/11/2016
Local time: 16:00

IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

Date: 28/11/2016

IV.2.4)Languages in which tenders or requests to participate may be submitted:

English

IV.2.6)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

Durham County Council
Durham
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

17/10/2016

 

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