Fund Management Services to the Pan Wales Micro Business Loan Fund

Fund Management Services to the Pan Wales Micro Business Loan Fund

The Fund seeks to address the Welsh Government stated policy objective regarding loan provision to companies and organisations that have difficulty in accessing finance.

UK-Cardiff: financial and insurance services

2012/S 114-188974

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

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

Finance Wales
Finance Wales, 3rd Floor, Oakleigh House, Park Place
For the attention of: Ms Sarah Patnett
CF10 3DQ Cardiff
UNITED KINGDOM
Telephone: +44 2920338100
E-mail: procurement@financewales.co.uk
Fax: +44 2920338101

Internet address(es):

General address of the contracting authority: http://www.financewales.co.uk

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

Further information can be obtained from: Finance Wales
Finance Wales, 3rd Floor, Oakleigh House, Park Place, Cardiff
For the attention of: Ms Sarah Patnett
CF10 3DQ
Telephone: +44 2920338100
E-mail: procurement@financewales.co.uk
Fax: +44 2920338101
Internet address: http://www.financewales.co.uk

Tenders or requests to participate must be sent to: Finance Wales
Finance Wales, 3rd Floor, Oakleigh House, Park Place, Cardiff
For the attention of: Ms Sarah Patnett
CF10 3DQ
UNITED KINGDOM
Telephone: +44 2920338100
E-mail: procurement@financewales.co.uk
Fax: +44 2920338101
Internet address: http://www.financewales.co.uk

I.2)Type of the contracting authority

Body governed by public law
I.3)Main activity

Economic and financial affairs
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:

Provision of Fund Management Services to the Pan-Wales Micro-Business Loan Fund.
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 UKL

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)

Contract to provide fund management services to the the Pan-Wales Micro-Business Loan Fund.
The Fund seeks to address the Welsh Government stated policy objective regarding loan provision to companies and organisations that have difficulty in accessing finance.
The objectives of the Micro-Business Loan Fund are:
— Support Micro-businesses directly,
— Improve productivity, innovation and increase job creation in small businesses across Wales; and,
— Finance proposals from outside the normal risk profiles, for example new enterprises without established trading records or small enterprises.
It is envisaged the MBLF will be split between a minimum of two fund managers into sub-funds of not less than ?163;1m, although it is possible that the values may be less than ?163;1m as Finance Wales is managing the Fund on an interim basis and may already have made some investments by the time the contract(s) is/are awarded. The number of fund managers appointed will depend on the quality of tenders received. Finance Wales does not commit to awarding contracts for any particular value or area and reserves the right to award the services in whole or in part to any number of fund managers.
Further information can be found in the Pre-Qualification Questionnaire which can be downloaded here – http://www.financewales.co.uk/about_us/procurement.aspx.

Community Benefits do not apply to this contract.

II.1.6)Common procurement vocabulary (CPV)

66000000

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

The contract is covered by the Government Procurement Agreement (GPA): no
II.1.8)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 contract will be for a maximum of 10 years – five year investment period and five year realisation period.
Details regarding the scope of the contract can be accessed in the pre-qualification questionnaire. http://www.financewales.co.uk/about_us/procurement.aspx.

II.2.2)Information about options
II.2.3)Information about renewals
II.3)Duration of the contract or time limit for completion

Duration in months: 120 (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:
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: Any economic operator may be excluded from participation in a contract if it fulfils any of the circumstances set out in Regulations 23(1) and/or 23(4) of the Public Contracts Regulations 2006 as amended.
III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: Further information can be obtained from the Pre-Qualification Questionnaire.
III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
Further information can be obtained from the Pre-Qualification Questionnaire.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession
III.3.2)Staff responsible for the execution of the service

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure

Restricted
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: yes
Additional information about electronic auction:
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:

2012/MBLF
IV.3.2)Previous publication(s) concerning the same contract

no
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document
IV.3.4)Time limit for receipt of tenders or requests to participate

25.7.2012 – 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
IV.3.8)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

Buy4Wales Reference Number: 30467.
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:12.6.2012