Tender for Due Diligence Reviews

Tender for Due Diligence Reviews

The anticipated number of Due Diligence Reviews required will range between 10 and 40.

United Kingdom-Oldbury: Accounting, auditing and fiscal services

2015/S 174-316733

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

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

Sandwell Metropolitan Borough Council
Sandwell Council House, Freeth Street
Contact point(s): Corporate Procurement Service
For the attention of: Anita Patel
B69 3DB Oldbury
UNITED KINGDOM
Telephone: +44 1215693809
E-mail: anita_patel@sandwell.gov.uk

Internet address(es):

General address of the contracting authority: www.sandwell.gov.uk

Address of the buyer profile: www.sandwell.gov.uk

Further information can be obtained from: Sandwell MBC In-Tend Supplier Portal (please see Internet address URL below)
UNITED KINGDOM
Internet address: https://in-tendhost.co.uk/sandwellmbc

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: Sandwell MBC In-Tend Supplier Portal (please see Internet address URL below)
UNITED KINGDOM
Internet address: https://in-tendhost.co.uk/sandwellmbc

Tenders or requests to participate must be sent to: Sandwell MBC In-Tend Supplier Portal (please see Internet address URL below)
UNITED KINGDOM
Internet address: https://in-tendhost.co.uk/sandwellmbc

I.2)Type of the contracting authority

Regional or local authority

I.3)Main activity

General public services

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)Description

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

Due Diligence Reviews.

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

Services
Service category No 9: Accounting, auditing and bookkeeping services
Main site or location of works, place of delivery or of performance: The Borough of Sandwell which compromises of the six towns — Oldbury, West Bromwich, Wednesbury, Tipton, Smethwick and Rowley Regis.
NUTS code

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)

Sandwell Metropolitan Borough Council — Corporate Procurement Services
The Black Country Growth Deal, ‘Made in the Black Country, Sold around the World’ agreed with Government is worth over 138 000 000 GBP and will generate an additional 310 000 000 GBP in public and private investment totalling 450 000 000 GBP. The Deal has confirmed Government investment of 35 000 000 GBP in 2015-16.
The Growth Deal has been divided into 13 projects across 5 programme areas. One of these projects will be a Growing Priority Sectors Regional Growth Fund (‘The Fund’) which will act as a three year £6 million Access to Finance project to strengthen the capacity of Black Country businesses to take advantage of new market opportunities. This will provide Access to Finance via capital investment in plant, machinery & property.
The project will provide grants to businesses with growth projects that cannot find adequate finance. Businesses in the Black Country’s key sectors will be prioritised. Grants will range from 100 000 to 1 000 000 GBP and will be available for capital investment in plant, machinery and property. The beneficiaries of the Fund will receive up to a maximum 30 % support towards the total project cost.
The Fund is administered on behalf of The Black Country LEP (‘the LEP’), a Local Enterprise Partnership. Sandwell Metropolitan Borough Council will act as the accountable body for the Fund.
The total estimated value excluding VAT for the entire duration of the Term Contract will be in the range of 50 000 GBP to 200 000 GBP
The anticipated number of Due Diligence Reviews required will range between 10 and 40.
This value is based on historical spend data and is intended to be used as a guide only and is not a guarantee of the level of business that will be generated from the Term Contract.
Further information about Black Country Growth Deal: Growing Priority Sectors Regional Growth Fund can be found at:

https://www.gov.uk/government/publications/black-country-growth-deal

http://www.blackcountrylep.co.uk/about-us/black-country-plans-for-growth/growth-deal

If you would like to tender for this Contract, please:

1. Visit https://in-tendhost.co.uk/sandwellmbc to access the Sandwell MBC In-tend Supplier Portal. You will need to login using an existing account or register a new one. To register a new account, from the homepage click on Register to complete the simple registration process after which you will automatically receive your unique login details by email.

2. Once you have registered your company and received your login details, you must login to the system in order to access the Tender.
3. To do this from the homepage enter your email address and password then click Login. Once logged into the system, click on Tenders from the top menu bar to list all the current opportunities. Once you have found the relevant opportunity you should click on ‘View Details’. You will then have access to the ‘Express Interest’ button at the bottom of the screen which will provide you with immediate access to the ITT and related documents.
4. Once you have reviewed the ITT documentation please in- form us of your decision to participate by selecting either ‘Opt In’ or ‘Opt Out’. In order to access the online Questionnaire and submit a response, you will be required to Opt In.
The last date for expressions of interest is 23:59 hours on 30.9.2015.
The completed online Questionnaire, along with all mandatory and relevant attachments should be uploaded and submitted through the Sandwell In-Tend Supplier Portal by no later than 12:00 on 5.10.2015.
Please note that an offer made in any format other than submission through the Sandwell In-Tend portal as described above will be rejected.

II.1.6)Common procurement vocabulary (CPV)

79200000, 79212500

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

The contract is covered by the Government Procurement Agreement (GPA): yes

II.1.8)Lots

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:

Growing Priority Sectors Regional Growth Fund Targets and Criteria
The Fund has the following key targets for the period 2015/18:
Number of businesses supported: 30
Private sector capital investment: 17 000 000 GBP
Number of jobs created/safeguarded: 600
The Fund will offer grants to businesses situated within the Black Country on a discretionary and competitive basis provided the criteria outlined in the programme’s Investment Appraisal Manual.
In brief The Fund will require applicants to demonstrate that their projects will:
— meet the minimum programme requirements;
— create or safeguard sustainable jobs;
— be delivered within one of the Black Country priority sectors set out below;
— require a grant between 100 000 and 1 000 000 GBP; and
— Comply with State Aid regulation.
Scope of Works
A robust appraisal of individual applications will be carried out in order to determine which companies are to be successful in securing grant funding. Once selected, companies applying for The Fund will be required to comply with an independent due diligence exercise on the proposed project; this will be carried out by accountants appointed by this tender process.
As the programme lead, Sandwell MBC has to satisfy itself that the prospective beneficiary is fully justified against the programme’s criteria and is capable of delivering the proposal to the identified budget and within the set timescale. In order to satisfy itself on these matters Sandwell Council, as Programme lead for the Black Country is seeking a provider, well experienced in due diligence, to undertake this role.
The scope of this exercise should also allow for clarification discussions/meetings with prospective applicants and Sandwell MBC should there be any issues which arise from the due diligence exercise.
The requirements of the due diligence exercise will include analysis and comment on;
— State aid compliance: Specialist State Aid advice is being sought separately, however for the scope of this work confirmation that there is a logical State Aid solution is required.
— Additionality: Support will only be given to projects that would not be pursued in the absence of Growth Deal support — i.e. the grant must lead to demonstrable additional economic activity.
— Management, financial reporting and internal controls: Based on gaps or weaknesses in the company and project management team and their experience of implementing similar projects in the past. This will include a high level review of the internal controls, management reporting and corporate governance in terms of appropriateness for the size of the company/group.
— Financial performance and balance sheet position of the business.
— The credibility of financial projections and timescales, including the supporting evidence: Based on the overall viability and deliverability of the project, with a focus upon available resources and the need to deliver the project within a set timeframe.
— Forecast employment impacts: Based on whether the employment projections, either new jobs or safeguarded are consistent with the project proposals and overall investment.
— Parent financial performance and position: Based on the ability of the company/parent company to meet its contractual commitments under the RGF grant application, including any cost overruns, along with a review of the companies overall financial position
Outputs
— This appointment requires the successful provider to carry out a due diligence review of all the prospective beneficiary companies, it is envisaged that this will take the form of a short report.
— The due diligence review will be carried out in sufficient detail, that all subject areas required by Sandwell MBC have been addressed, and that any issues which should prevent an award of grant from taking place have been identified.
— The report will need to either endorse, or call into question, the original application. It may also be necessary to request further information from the company, so as the review on the due diligence can be completed and ‘signed off’ by Sandwell MBC.
— The report will need to identify any conditions which may need to be applied to specific projects, enabling any potential project delivery risks to be mitigated.
— The report will need to include recommendations of any conditions for inclusion in any final offer letter and subsequent monitoring of the project which are deemed necessary and will assist in risk management

The Duration of Services shall be two years and six months.
Further information about Black Country Growth Deal: Growing Priority Sectors Regional Growth Fund can be found at:

https://www.gov.uk/government/publications/black-country-growth-deal

http://www.blackcountrylep.co.uk/about-us/black-country-plans-for-growth/growth-deal

Estimated value excluding VAT:
Range: between 50 000 and 200 000 GBP

II.2.2)Information about options

Options: no
II.2.3)Information about renewals

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

Duration in months: 30 (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:

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

Details are in the terms and conditions of the contract.
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.1.4)Other particular conditions
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: Please see invitation to tender.

III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: Please see invitation to tender.
Minimum level(s) of standards possibly required: Please see invitation to tender.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
Please see invitation to tender.
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

Open
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:

SCC 259

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

no

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: 30.9.2015 – 23:59
Payable documents: no

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

5.10.2015 – 12:00
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

English.

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

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: yes
Reference to project(s) and/or programme(s): The Black Country Growth Deal, ‘Made in the Black Country, Sold around the World’ agreed with Government is worth over 138 000 000 GBP and will generate an additional 310 000 000 GBP in public and private investment totalling 450 000 000 GBP. The Deal has confirmed Government investment of 35 000 000 GBP in 2015-16.
The Growth Deal has been divided into 13 projects across 5 programme areas. One of these projects will be a Growing Priority Sectors Regional Growth Fund (The Fund) which will act as a 3 year 6 000 000 GBP Access to Finance project to strengthen the capacity of Black Country businesses to take advantage of new market opportunities. This will provide Access to Finance via capital investment in plant, machinery and property.

VI.3)Additional information

Further information about Black Country Growth Deal: Growing Priority Sectors Regional Growth Fund can be found at:

https://www.gov.uk/government/publications/black-country-growth-deal

http://www.blackcountrylep.co.uk/about-us/black-country-plans-for-growth/growth-deal

VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: Sandwell MBC will incorporate a standstill period at the point information on the 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 ward 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 a breach of rules to take action in the High Court (England, Wales and Northern Ireland).
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:

4.9.2015

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