Norfolk County Council Tender for Fund Management Services

Norfolk County Council Tender for Fund Management Services

Norfolk County Council is seeking to establish Framework Agreement of fund management services providers, which can be used by East of England contracting authorities and their wholly owned companies.

United Kingdom-Norwich: Financial and insurance services

2019/S 084-200645

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Norfolk County Council
Floor 3, County Hall, Martineau Lane
Norwich
NR1 2DH
United Kingdom
Contact person: Joan Murray
E-mail: sourcingteam@norfolk.gov.uk
NUTS code: UKH15
Internet address(es):Main address: www.norfolk.gov.uk

Address of the buyer profile: https://in-tendhost.co.uk/norfolkcc/aspx/Home

I.2)Information about joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: https://in-tendhost.co.uk/norfolkcc/aspx/Home
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

General public services

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

Fund Management Services

Reference number: NCCT41801

II.1.2)Main CPV code

66000000

II.1.3)Type of contract

Services

II.1.4)Short description:

Norfolk County Council (NCC) is seeking to establish Framework Agreement of fund management services providers, which can be used by East of England contracting authorities and their wholly owned companies. The initial requirement relates to a venture capital co-investment fund of approximately 10 000 000 GBP that invests into SMEs developing or selling products or services which have a carbon reduction impact in the New Anglia LEP, Herts LEP and Cambridgeshire and Peterborough Combined Authority areas. Capitalised by ERDF and managed by an SPV Holding Company jointly owned by NCC and UEA the fund will be required to deliver a number of non-financial as well as financial outcomes. Other funding opportunities may arise for which the Framework Agreement would be used to source fund managers.

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)

II.2.3)Place of performance

NUTS code: UKH

II.2.4)Description of the procurement:

Norfolk County Council (NCC) is seeking to establish Framework Agreement of fund management service providers, which can be used by East of England Contracting Authorities and their wholly owned companies. The initial requirement relates to a venture capital co-investment fund of approximately 10 000 000 GBP that invests into SMEs developing or selling products or services which have a carbon reduction impact in the New Anglia LEP, Herts LEP and Cambridgeshire and Peterborough Combined Authority areas. Capitalised by ERDF and managed by an SPV Holding Company jointly owned by NCC and UEA the fund will be required to deliver a number of non-financial as well as financial outcomes. Other funding opportunities may arise for which the framework agreement would be used to source fund managers.

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: yes
Identification of the project:

Low Carbon Innovation Funding for investment into SMEs within the East of England region for developing new and innovative products, services or processes and contributing to the low carbon economy.

II.2.14)Additional information

It is anticipated that there will be a venture capital co-investment fund of approximately 10 000 000 GBP. The service provider will receive fees to manage and develop the fund.

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

Obligation to indicate the names and professional qualifications of the staff assigned to performing 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 several operators
Envisaged maximum number of participants to the framework agreement: 3
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: no
IV.2)Administrative information

IV.2.1)Previous publication concerning this procedure

Notice number in the OJ S: 2019/S 050-114916

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

Date: 28/05/2019
Local time: 14:00
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: 4 (from the date stated for receipt of tender)

IV.2.7)Conditions for opening of tenders

Date: 28/05/2019
Local time: 14:05

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:

This procurement will be managed electronically via the Council’s e-procurement system. To participate in this procurement, applicants must first be registered on the system at https://in-tendhost.co.uk/norfolkcc

Full instructions for registration and use of the system can be found at https;//in-tendhost/norfolkcc/aspx/BuyerProfiles

VI.4)Procedures for review

VI.4.1)Review body

Norfolk County Council
Martineau Lane
Norwich
NR1 2DH
United Kingdom

VI.4.2)Body responsible for mediation procedures

Norfolk County Council
Martineau Lane
Norwich
NR1 2DH
United Kingdom
VI.4.3)Review procedure

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

Norfolk County Council
Martineau Lane
Norwich
NR1 2DH
United Kingdom

VI.5)Date of dispatch of this notice:

26/04/2019