Requirement for Financial and Commercial Advisors

Requirement for Financial and Commercial Advisors

Financial management consultancy services. The services to be provided by the financial/commercial advisor are to provide financial/commercial advice to the Council for the Bristol Arena Project.

UK-Bristol: Financial consultancy services

2013/S 035-055528

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

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

Bristol City Council
City Hall, College Green
Contact point(s): Strategic commissioning & procurement services
For the attention of: J. Thompson
BS1 5TR Bristol
UNITED KINGDOM
Telephone: +44 1173525565
E-mail: john.thompson@bristol.gov.uk
Fax: +44 1179037463

Internet address(es):

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

Address of the buyer profile: https://www.proactisplaza.com

Electronic access to information: https://www.proactisplaza.com/supplierportal

Electronic submission of tenders and requests to participate: https://www.proactisplaza.com/supplierportal – Reqd 1000574
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

Regional or local authority
I.3)Main activity

General public services
Recreation, culture and religion
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:

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

Services
Service category No 11: Management consulting services [6] and related services
NUTS code UKK11

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)

Financial consultancy services. Financial management consultancy services. The services to be provided by the financial/commercial advisor are to provide financial/commercial advice to the Council for the Bristol Arena Project.
II.1.6)Common procurement vocabulary (CPV)

66171000, 79412000

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:

The services will be required from April 2013 to December 2016 pursuant to a consultancy appointment. The appointment may be extended beyond this period if required. It is likely that the majority of the work will be completed by the beginning of the construction period, currently estimated to be December 2014.
These services do not include traditional quantity surveying services; as such services will be procured through a separate arrangement.
The financial/commercial advisors will be responsible for the production of the Outline Business Case for the project. The key types of advice required for the business case and the project in general are listed below (this list is not exhaustive):
— Arena business plans and operating models.
— Arena commercial issues such as naming rights, merchandising etc.
— VAT, Insurance and tax issues.
— Trends and themes in the leisure industry.
— Size and Configuration of Arena.
— Procurement route for the construction and operations.
— Soft Market Testing.
— Advise the Council on commercial matters related to the project.
— Assist in the evaluation of Operators proposals.
— Financial and Commercial advice on the “deal” structure for the project, to include debt financing and financial modelling.
— Advice on commercial operating structures e.g. arms-length or operator.
— Exploring other opportunities for the site e.g. conference and exhibition facilities.
— Contribute to the strategic vision for the city in terms of its cultural and events strategy.
— Assist in assessing the economic benefits the project will bring.
— Advising whether the Arena will produce sufficient income to meet the prudential borrowing costs and other costs the Council will need to meet to ensure the Arena is viable in the short term (build and initial opening) medium term (prudential borrowing) and long term.
When the scheme is sufficiently developed the Council will then seek to procure an Operator for the facility. The financial/commercial advisors will also assist the Council in,
— Assist in the negotiation process with operators.
— Production of an operator selection report.
The financial/commercial advisors will also be responsible for the production of the Final Business Case and the development of a financial model.
In awarding this contract, the Council is not bound by the formal procedures in the Public Contracts Regulations 2006 (as amended) as the contract value is below the relevant threshold, and so reserves the right to deviate from the formal procedures in the Public Contracts Regulations 2006 (as amended). The procedure for awarding the contract is set out in the Invitation to Tender.
II.2.2)Information about options

Options: no
II.2.3)Information about renewals

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

Duration in months: 45 (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:

Bristol City Council standard form of conditions for payment.
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

The Authority reserves the right to require grouping of suppliers to take a particular form or to require a single supplier to take a primary liability or to require that each supplier undertakes joint or several liability.
III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: yes
Description of particular conditions: As specified in the invitation to tender document.
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: In accordance with Regulation 23 of the Public Contracts Regulations 2006 (as amended) and set out in the invitation to tender and award document.
III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: In accordance with Regulation 24 of the Public Contracts Regulations 2006 (as amended) and set out in the invitation to tender and award document.
Minimum level(s) of standards possibly required: Applicants should be able to demonstrate financial stability and an acceptable level of risk based upon the financial assessment criteria published in the on-line questionnaire and award document. Applicants should be able to provide Employers Liability Insurance at GBP 10 000 000 and Professional Indemnity Insurance at a minimum level of GBP 5 000 000. Applicants must provide a minimum of 2 years full sets of accounts. Full sets of standards are set out in the invitation to tender and award document.
III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
In accordance with Regulation 25 of the Public Contracts Regulations 2006 (as amended) and set out in the invitation to tender and award document.
Minimum level(s) of standards possibly required:
Compliance with EU and UK Procurement legislation. Organisation details. Relevant technical experience and capability. Full sets of standards are set out in the invitation to tender and award document.
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:

Reqd 1000574.
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

28.3.2013 – 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

until: 12.9.2013
IV.3.8)Conditions for opening of tenders

Date: 28.3.2013 – 12:01

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

To ensure the services provided to Bristol City Council by the financial/commercial advisor remains independent the financial/commercial advisor appointed for this service must contractually agree not to provide a similar service to any other party associated with Bristol Arena Project, especially the commercial operators and/or the design team. This is an E-Tender process. The tender information can be obtained from https://wwww.proactisplaza.com/supplierportal Ref No.REQD1000574. The applicants should note that the date in lV.3.4 (Noon 19.3.2013) includes the time necessary to open, complete and submit the ‘on-line’ questionnaire, submit a tender bid and any other information required by the invitation to tender documents via Bristol’s E- tendering system.

To view this notice, please click here: https://www.delta-esourcing.com/delta/respondToList.html?noticeId=52000737

GO Reference: GO-2013214-PRO-4588453.

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: In accordance with the Public Contracts Regulations 2006 (as amended).
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:14.2.2013