Green Investment Bank – Fund Administration Service

Green Investment Bank – Fund Administration Service

UK Green Investment Bank plc (GIB) for the provision of a Fund Administration Service.

Reference number:PS140159

Deadline date:15/07/2014

This deadline is for…Tender Return

Contract value:£3,000,000 – £9,000,000

Location where the contract is to be carried out:Edinburgh, City of

Is this suitable for smaller suppliers?Yes

Name of the buying organisation:UK Shared Business Services Ltd on behalf of UK Green Investment Bank plc

Description of the contract

UK Green Investment Bank plc (GIB) for the provision of a Fund Administration Service.

 

Classification of the contract

66172000Financial transaction processing and clearing-house services

66170000Financial consultancy, financial transaction processing and clearing-house services

66162000Custody services

66161000Trust services

66160000Trust and custody services

66151000Financial market operational services

66150000Financial markets administration services

66140000Portfolio management services

66120000Investment banking services and related services

66112000Deposit services

66110000Banking services

66100000Banking and investment services

Additional information

Contract type:Services – 6

Is it a framework agreement?No

Is this contract related to a programme of funding?No

Contract will be awarded based on:Most economically advantageous tender in terms of: The criteria stated in the contract documents

Estimated length of contract:300 Months

Who to contact

Contact nameAdam Davis

Organisation nameUK Shared Business Services Ltd.

AddressNorth Star House, North Star Avenue, Swindon, Wiltshire, SN2 1FF

Telephone

Extension number:

Fax

Email

How to apply

For the avoidance of doubt, this procurement is exempt from the Public Contracts Regulations 2006 (as amended) (the Regulations) by virtue of Regulation 6(h) as it is for “financial services in connection with the issue, purchase, sale or transfer of securities or other financial instruments.” Green Investment Bank (GIB) will follow an open and fair process to demonstrate value for money, however the procurement is not regulated under the Regulations and GIB will also not be adopting a standstill period following the decision to award the contract. Please follow this link to read more about GIB and the new fund that this administration service relates to: http://www.greeninvestmentbank.com/news-and-insight/2014/gib-announces-2013-14-results-and-plans-to-raise-a-new-1bn-fund/ The tender submission deadline for this procurement is Tuesday 15 July 2014 (by 12:00). As mentioned above this service is exempt from the Public Contracts Regulations 2006 and its associated mandatory timescales. We recognise that this is a challenging timescale which is driven by the need to name our chosen Fund Administration Service Provider within our FCA application. If you are seriously interested in tendering for this service requirement but genuinely cannot respond within this timescale then can you please advise UK SBS accordingly (using the contact details below) with your reasons why you may not be able to respond. Dependent on the scale of responses received UK SBS and GIB may decide to extend its tender submission deadline but this cannot be guaranteed at this stage. Your attention is drawn to the summary GIB Private Placement Memorandum (PPM) which is referred to within this ITT. If you intend to bid for this service then you will need to have first read this document. Due to its confidential nature this PPM can only be provided once we have received a duly signed GIB Non-Disclosure Agreement (see Annex D of the ITT). UK SBS contacts for this procurement: Adam Davis adam.davis@uksbs.co.uk 01793 867975 07584 206759 Mike Marston mike.marston@uksbs.co.uk 07553 257266