Financial Advice Tender – Bank of England

Financial Advice Tender – Bank of England

4 Lots. Financial Advice and Valuation Analysis – Lot No: 1.

United Kingdom-London: Financial consultancy services

2019/S 162-398757

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Bank of England
Threadneedle St.
London
EC2R 8AH
United Kingdom
Contact person: Mr Benjamin Knight
Telephone: +44 2034615295
E-mail: corporate.contracts@bankofengland.co.uk
NUTS code: UK
Internet address(es):Main address: http://www.bankofengland.co.uk

Address of the buyer profile: http://www.bankofengland.co.uk

I.2)Information about joint procurement

I.3)Communication

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

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

Resolution Procurement Framework (RPF)

Reference number: DN430583

II.1.2)Main CPV code

66171000

II.1.3)Type of contract

Services

II.1.4)Short description:

The Bank of England (‘Bank’) is the central bank of the United Kingdom. The Bank is committed to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Bank is the United Kingdom’s resolution authority for banks, building societies, central counterparties and certain investment firms (‘firms’). The Special resolution regime (SRR), as defined through the provisions of the Banking Act 2009, is the process by which the authorities can intervene to manage the failure of a firm.

The Bank is seeking framework suppliers to:

— provide those reports commissioned under s.83ZB of the Banking Act 2009, where those reports are contracted for directly by the Bank and not the individual firms, and

— provide other services as described further below to support the SRR objectives.

II.1.5)Estimated total value

Value excluding VAT: 20 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: yes
Tenders may be submitted for all lots
II.2)Description

II.2.1)Title:

Financial Advice and Valuation Analysis

Lot No: 1

II.2.2)Additional CPV code(s)

66110000
66120000
66130000
66150000
66160000
66170000
66519600
66522000
66523000
66600000

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Consultancy and advice in relation to valuation analysis for the purpose of resolution contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the Banking Act 2009. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the Resolvability Assessment Framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to MREL, valuations and/or funding in resolution.

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

Duration in months: 48
This contract is subject to renewal: no

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
II.2)Description

II.2.1)Title:

Restructuring and Insolvency Advice

Lot No: 2

II.2.2)Additional CPV code(s)

66110000
66120000
66130000
66150000
66160000
66519600
66523000
66600000

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Planning and advice in connection with the Bank (or building society) insolvency procedure (BIP), Bank administration procedure (BAP) and the Special administration procedure for investment firms (‘SAR’). This includes the duties of a bail-in administrator appointed to support a resolution. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the Resolvability Assessment Framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to restructuring planning and/or management, governance and communications.

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

Duration in months: 48
This contract is subject to renewal: no

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
II.2)Description

II.2.1)Title:

Corporate Financial Advisory

Lot No: 3

II.2.2)Additional CPV code(s)

66110000
66120000
66130000
66150000
66160000
66170000
66180000
66519600
66520000
66600000

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Corporate finance advice and support to the Bank or a firm under the direction of the Bank in relation to preparing for execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan. Including options analysis on transaction structures, planning and delivery of Merger and acquisition (M&A) processes, Equity capital market (ECM), Debt capital market (DCM) or M&A advisory services. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the resolvability assessment framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to bail-in mechanics and restructuring planning.

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

Duration in months: 48
This contract is subject to renewal: no

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
II.2)Description

II.2.1)Title:

Operational Review and Analysis

Lot No: 4

II.2.2)Additional CPV code(s)

66110000
66120000
66130000
66150000
66160000
66170000
66519600
66520000
66600000

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Consulting and advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning, including; assessment of a firm’s operational aspects, assessment of internal and external operational interdependencies, assessment of the causes of operational failures at firms and information technology security, and control vulnerabilities.

Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the resolvability assessment framework, if required. This may include, but would not be limited to:

— continuity of financial contracts in resolution (stays), MREL,

— operational continuity in resolution,

— continuity of access to Financial market infrastructure (FMI)

— restructuring planning, and

— management, governance and communications.

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

Duration in months: 48
This contract is subject to renewal: no

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
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
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

Open procedure

IV.1.3)Information about a framework agreement or a dynamic purchasing system

The procurement involves the establishment of a framework agreement
Framework agreement with a single operator
In the case of framework agreements, provide justification for any duration exceeding 4 years:
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
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: yes
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: 30/09/2019
Local time: 16:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

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: 6 (from the date stated for receipt of tender)

IV.2.7)Conditions for opening of tenders

Date: 30/09/2019
Local time: 16:00

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about electronic workflows

Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

High Court of England and Wales
London
United Kingdom
VI.4.2)Body responsible for mediation procedures

VI.4.3)Review procedure

Precise information on deadline(s) for review procedures:

Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 (‘PCR 2015’). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015. In accordance with PCR 2015, the authority will incorporate a minimum 10 calendar days standstill period from the date information on the award of the contract is communicated to tenderers.

VI.4.4)Service from which information about the review procedure may be obtained

Bank of England
London
United Kingdom

VI.5)Date of dispatch of this notice:

22/08/2019

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