Financial Leasing Tender

Financial Leasing Tender

Financing of Rolling Stock by way of an Operating Lease. UK-Croydon: financial leasing services

2012/S 31-050494

Contract notice – utilities

Services

Directive 2004/17/EC

Section I: Contracting entity

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

Southern Railway Ltd
Go-Ahead House, 26-28 Addiscombe Road
Contact point(s): Mr R Aubrey
For the attention of: Mr R Aubrey
CR9 5GA Croydon
UNITED KINGDOM
Telephone: +44 2089298733
E-mail: rob.aubrey@go-ahead.com

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

Specifications and additional documents (including documents for 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)Main activity

Railway services
I.3)Contract award on behalf of other contracting entities

The contracting entity is purchasing on behalf of other contracting entities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract by the contracting entity:

Financing of Rolling Stock by way of an Operating Lease.
II.1.2)Type of contract and location of works, place of delivery or of performance

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

During the course of 2011, Southern Railway Limited (“SR”) undertook a process to procure new electric multiple units. The purpose of the new units is to provide the capacity which will enable SR to meet the demands of the December 2013 timetable. The outcome of the process was the selection of Bombardier Transportation (“BT”) to supply 26 x new 5-car class 377/6 units together with associated capital spares. A manufacture and supply agreement was entered into by SR and BT on 23.12.2011. The value of the contract and options will be in the range of 200 000 000 GBP to 250 000 000 GBP. SR is now intending to refinance the transaction.
II.1.6)Common procurement vocabulary (CPV)

66114000

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

The contract is covered by the Government Procurement Agreement (GPA): no
II.1.8)Information about lots

This contract is divided into lots: no
II.1.9)Information about variants

Variants will be accepted: yes
II.2)Quantity or scope of the contract
II.2.1)Total quantity or scope:

The financing of 130 DC electric multiple unit rail vehicles formed into 26 x 5 car sets and associated capital spares.
II.2.2)Information about options
II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:

To be stated in the tender documentation.
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

To be stated in the tender documentation.
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: yes
Description of particular conditions: Yes, to be detailed in the tender documents. In particular potential tenderers should note that any contract arising from this notice will be subject to approval by the Department for Transport.
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: Company Profile, annual accounts, membership of recognised bodies, any accreditation, client list and references.
III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: The bidder must meet each of the following criteria:
1. it has the capacity (supported by a letter from a senior officer) to act as sole financier of the project or to participate in the financing in an amount not less than 25 000 000 GBP, in each case on a fully underwritten basis. If unable to act as sole financier, the bidder must be willing to participate in the transaction with other financiers on a basis to be agreed.
2. it employs at least one senior manager (whose CV must be provided) with experience of UK rail financing or in the absence of such manager, the advisory firm (to be named and experience to be detailed) the bidder will employ to assist in making its bid.
3. it is able to demonstrate that it has any one of the following:
a. a record of participating in the operating lease financing of UK passenger rolling stock.
b. a record of participating in the operating lease financing of other UK rolling stock.
c. a record of participating in other asset financing transactions, ideally operating leases.
4. it confirms that is willing to take residual value risk in the new units.
III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met: As per III.2.2.
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

Negotiated
Some candidates have already been selected (if appropriate under certain types of negotiated procedures): no
IV.2)Award criteria
IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications or in the invitation to tender or to negotiate
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 entity:
IV.3.2)Previous publication(s) concerning the same contract
IV.3.3)Conditions for obtaining specifications and additional documents

Payable documents: no
IV.3.4)Time limit for receipt of tenders or requests to participate

21.3.2012
IV.3.5)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.6)Minimum time frame during which the tenderer must maintain the tender
IV.3.7)Conditions for opening 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: no
VI.3)Additional information:

Expressions of interest for this opportunity must be by way of the provision of all of the information requested in section lll.2 by the closing date set out in IV.3.4. There will be no seperate pre qualification questionnaire. All correspondance should be directed to the contact point identified in I.1.
VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:10.2.2012