Portfolio Management for Social Investment Fund

Portfolio Management for Social Investment Fund

The Department of Health seeks tenders to continue with active portfolio management of the continuing SEIF investments to ensure maximum recovery of assets.

United Kingdom-London: Portfolio management services

2016/S 097-174434

Contract notice


Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Department of Health
Skipton House, 80 London Road
Contact point(s): DH Procurement Service, Commercial Directorate
For the attention of: Paul Bywater
SE1 6LH London
Telephone: +44 2079722000
E-mail: supplier.helpdesk@dh.gsi.gov.uk

Internet address(es):

General address of the contracting authority: https://www.gov.uk/government/organisations/department-of-health

Address of the buyer profile: http://www.gov.uk/government/organisations/department-of-health/about/procurement

Electronic access to information: http:///www.gov.uk/government/organisations/department-of-health/about/procurement

Electronic submission of tenders and requests to participate: http:///www.gov.uk/government/organisations/department-of-health/about/procurement

Further information can be obtained from: The above mentioned contact point(s)

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)

Tenders or requests to participate must be sent to: The above mentioned contact point(s)

I.2)Type of the contracting authority

Ministry or any other national or federal authority, including their regional or local sub-divisions

I.3)Main activity


I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract


II.1.1)Title attributed to the contract by the contracting authority:

Social Enterprise Investment Fund Legacy Portfolio Management (‘SEIF’).

II.1.2)Type of contract and location of works, place of delivery or of performance

Service category No 6: Financial services a) Insurances services b) Banking and investment services

NUTS code UK

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement

II.1.5)Short description of the contract or purchase(s)

The Social Enterprise Investment Fund was set up in 2007 to stimulate the role of social enterprise in health, well-being and social care though providing investment to help new social enterprises start up and existing social enterprises grow and improve their services. By enabling social enterprises to deliver health and social care services, the Social Enterprise Investment Fund aimed to improve the quality of services for patients. The Fund resulted in a portfolio of investments, both grant and loan, in social enterprises in accordance with sections 149 to 151 of the Health and Social Care Act 2008.
The Fund’s loan book is now closed.
The Department of Health (the Authority) seeks tenders to continue with active portfolio management of the continuing SEIF investments to ensure maximum recovery of assets, as well as sustainability of the social enterprises now delivering health and care services.
Please note that there is a requirement for additional legal and business support but this will not be included as part of the contract price.

II.1.6)Common procurement vocabulary (CPV)


II.1.7)Information about Government Procurement Agreement (GPA)


This contract is divided into lots: no

II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract

II.2.1)Total quantity or scope:

The Authority’s core requirement is for the Portfolio Manager to support and manage the legacy portfolio of investments that has been developed by the current Service Provider (Social Investment Business) and previous fund managers, in accordance with sections 149 to 151 of the Health and Social Care Act 2008 in Social Enterprises (or persons wishing to establish Social Enterprises) that aim to provide, or expand their provision of, services across health and social care.
The contract term is 4 years.
See the Invitation to Tender (ITT) for further details.
Estimated value excluding VAT:
Range: between 450 000 and 508 205 GBP

II.2.2)Information about options

Options: yes
Description of these options: Option to extend at sole discretion of DH for further 2 times, a maximum of 2 years in total, i.e. periods of 1 year + 1 year.

II.2.3)Information about renewals

This contract is subject to renewal: yes

II.3)Duration of the contract or time limit for completion

Duration in months: 44 (from the award of the contract)

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract

III.1.1)Deposits and guarantees required:

Parent Company or other Guarantee may be required in certain circumstances.

III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

See the Invitation to Tender (ITT) for further details.

III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

Joint and Several Liability.

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no
III.2)Conditions for participation

III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: Information and formalities necessary for evaluating if the requirements are met: Any Supplier may be disqualified who has breached Regulations 57 of the Public Contract Regulations 2015.

III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: Information and formalities necessary for evaluating if the requirements are met: See the Invitation to Tender (ITT) for further details.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
Information and formalities necessary for evaluating if the requirements are met: See the Invitation to Tender (ITT) for further details.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts

III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: no

III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

Section IV: Procedure

IV.1)Type of procedure

IV.1.1)Type of procedure

IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria

IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document

IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information

IV.3.1)File reference number attributed by the contracting authority:


IV.3.2)Previous publication(s) concerning the same contract

Prior information notice

Notice number in the OJEU: 2016/S 027-042965 of 9.2.2016

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Time limit for receipt of requests for documents or for accessing documents: 23.6.2016 – 14:00
Payable documents: no

IV.3.4)Time limit for receipt of tenders or requests to participate

23.6.2016 – 15:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

IV.3.6)Language(s) in which tenders or requests to participate may be drawn up


IV.3.7)Minimum time frame during which the tenderer must maintain the tender

in days: 90 (from the date stated for receipt of tender)

IV.3.8)Conditions for opening of tenders

Date: 23.6.2016 – 15:00
Persons authorised to be present at the opening of tenders: no

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no

VI.3)Additional information

The contracting authority/Department of Health considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). For the avoidance of doubt, the contracting authority points out that no weight will be attached to whether or not the economic operator is an SME in selecting economic operators to submit tenders, participate in dialogue or negotiate or in assessing the most economically advantageous tender.
The contracting authority/Department of health reserves the right to discontinue the tendering process at any time and not award the contract.
All participants must complete an Invitation to Tender (ITT) which covers Economic and Financial capacity and Technical capacity.
This procurement exercise will be conducted via the DH’s e-Tendering portal. We call this system BMS (Business Management System).
Candidates wishing to be considered for this contract must register their details and download and complete an ITT and submit their response via BMS. The following link will take you to the guidance documentation for using the BMS i.e. to register and download instructions on how to respond.


If you require assistance, please contact the Supplier Help-desk on +44 1132545777 or supplier.helpdesk@dh.gsi.gov.uk

This help-desk is available 10:00 to 16:00, Monday to Friday excluding Bank Holidays.
Registration is a simple 1-step process; The supplier must register as a company/organisation; then each employee who may undertake a tendering exercise must then register as an individual. Once this stage is completed, it is then possible to register an expression of interest for this tender.

Note: Standard BMS functionality will only acknowledge one recipient per supplier for each individual tender. If you require the tender to be seen by multiple users we suggest using a centralised e-mail address (dhtenders@example.com).

Log on instructions are as follows:
Stage 1 — Registration (New suppliers):
Those who have not previously contracted with DH will first need to ensure that their company details are registered in the system:
a) Go to the link above;
b) Click on ‘New Supplier’;
c) Complete and send the details in the automated e-mail that appears;
d) Within 3 working days, you will receive an e-mail with your login information; a unique username and password.
Note: Standard BMS functionality requires the registered e-mail address to function as individual’s username.
Stage 2 — Post Registration (those already registered):
Once registered, candidates must express interest as follows:
a) Go to the link above;
b) Select ‘Login into e-Tendering System’;
c) Select sourcing home page and enter Invitation to Tender (ITT) number XXXX ( as given in IV.3.1) above)in search field provided.

If you are not already registered on BMS, whilst you do so, you will be able to download all the ITT documents from Contracts Finder, by copy and paste into your browser or clicking on the following link: https://www.contractsfinder.service.gov.uk/Search

However, please note that, only tenders submitted correctly using BMS, will be accepted.

VI.4)Procedures for appeal

VI.4.1)Body responsible for appeal procedures

High Court
WC2A 2LL London

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: The Department of Health will incorporate a standstill period at the point information about the actual award of the contract is communicated to tenderers. That notification will provide full information on the award decision. The standstill period, which will be for a minimum of 10 calendar days, provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into.
The Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or are at risk of harm by breach of the rules to take action in the High Court.

VI.4.3)Service from which information about the lodging of appeals may be obtained

High Court
WC2A 2LL London

VI.5)Date of dispatch of this notice:



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