Resolution Advisory Framework for Bank of England

The Bank seeks to ensure that firms can fail without causing the type of disruption that the UK experienced in the financial crisis and without exposing taxpayers to loss.

United Kingdom-London: Financial and insurance services

2015/S 118-214889

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

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

Bank of England
Threadneedle Street
For the attention of: Mr Kash Ahmed
EC2R 8AH London
UNITED KINGDOM
Telephone: +20 34616811
E-mail: kash.ahmed@bankofengland.co.uk

Further information can be obtained from: Bank of England
Bank of England, Threadneedle Street
For the attention of: Kash Ahmed
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: Bank of England
Bank of England, Threadneedle Street
For the attention of: Kash Ahmed
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk

Tenders or requests to participate must be sent to: Bank of England
Bank of England, Threadneedle Street
For the attention of: Kash Ahmed
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.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:

Resolution Advisory Framework.

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

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves the establishment of a framework agreement

II.1.4)Information on framework agreement

Framework agreement with several operators
maximum number of participants to the framework agreement envisaged: 30

Duration of the framework agreement

Duration in years: 4

Estimated total value of purchases for the entire duration of the framework agreement

Estimated value excluding VAT:
Range: between 15 000 000 and 20 000 000 GBP

II.1.5)Short description of the contract or purchase(s)

The Bank of England (the ‘Bank’) is seeking suppliers to become a part of a Framework of suppliers providing Resolution Advisory Services.
The Bank seeks to ensure that firms can fail without causing the type of disruption that the UK experienced in the financial crisis and without exposing taxpayers to loss. As the UK resolution authority, the Bank has developed a framework to deliver a robust resolution regime to address the objectives of the Special Resolution Regime (‘SRR’) set out in the Banking Act 2009.
The Bank is establishing a framework for suppliers to provide analysis and advice on topics related to improving the resolvability of firms and identifying their readiness to execute resolution actions, including planning for and taking resolution actions. It seeks to establish a framework for contracting services from professional, experienced and competent service-providers to ensure that the Bank can obtain high quality and competitively-priced advice as and when needed.

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: yes
Tenders may be submitted for one or more lots

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 contract will for a maximum period of 4 years.
The total value is estimated to be in the range of 15 000 000 to 20 000 000 GBP over the 4 year period. Excluding VAT. The number and size of individual requirements commissioned under the framework is not known at the time of publication of this notice.
The framework will be into 4 lots:
Lot
Title
1
Financial advice and valuation analysis
2
Restructuring and insolvency advice
3
Corporate financial advisory
4
Operational review and analysis.
Estimated value excluding VAT:
Range: between 15 000 000 and 20 000 000 GBP

II.2.2)Information about options

Options: no

II.2.3)Information about renewals

This contract is subject to renewal: yes
In the case of renewable supplies or service contracts, estimated timeframe for subsequent contracts:
in days: 0 (from the award of the contract)

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

Duration in months: 48 (from the award of the contract)

Information about lots

Lot No: 1Lot title: Financial advice and valuation analysis

1)Short description

Consultancy and advice in relation to valuation analysis for the purpose of resolution and contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the BRRD.

2)Common procurement vocabulary (CPV)

66000000

3)Quantity or scope

See Procurement Documentation.

4)Indication about different date for duration of contract or starting/completion

5)Additional information about lots

See Procurement Documentation.

Lot No: 2Lot title: Restructuring and insolvency advice

1)Short description

Planning and advice connection with the bank (or building society) insolvency procedure (BIP), bank administration procedure (BAP) and the special administration procedure for investment firms (SAR). This includes readiness planning for execution of potential insolvency processes encompassing potential payout or transfer of eligible deposits and, where applicable, planning for the orderly return of client money and customer assets for firms subject to the SAR.

2)Common procurement vocabulary (CPV)

66000000

3)Quantity or scope

See Procurement Documentation.

4)Indication about different date for duration of contract or starting/completion

5)Additional information about lots

See Procurement Documentation.

Lot No: 3Lot title: Corporate financial advisory

1)Short description

Corporate finance advice and support to the Bank, in respect of a firm under the direction of the Bank, in relation to preparing for the execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan.

2)Common procurement vocabulary (CPV)

66000000

3)Quantity or scope

See Procurement Documentation.

4)Indication about different date for duration of contract or starting/completion

5)Additional information about lots

See Procurement Documentation.

Lot No: 4Lot title: Operational consulting analysis

1)Short description

Consulting and advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning.

2)Common procurement vocabulary (CPV)

66000000

3)Quantity or scope

See Procurement Documentation.

4)Indication about different date for duration of contract or starting/completion

5)Additional information about lots

See Procurement Documentation.

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract

III.1.1)Deposits and guarantees required:

N/A.

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

See Procurement Documentation.

III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

See Procurement Documentation.

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no

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: See Procurement Documentation.

III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: See Procurement Documentation.
Minimum level(s) of standards possibly required: See Procurement Documentation.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
See Procurement Documentation.
Minimum level(s) of standards possibly required:
See Procurement Documentation.

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: yes

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

Envisaged minimum number 5: and maximum number 30

IV.1.3)Reduction of the number of operators during the negotiation or dialogue

Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated no

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: See Procurement Documentation.

IV.3)Administrative information

IV.3.1)File reference number attributed by the contracting authority:

SG-347

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

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Payable documents: no

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

20.7.2015 – 14:00

IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

5.8.2015

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

Duration in months: 12 (from the date stated for receipt of tender)

IV.3.8)Conditions for opening of tenders

Date: 4.9.2015 – 14:00
Persons authorised to be present at the opening of tenders: no

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes
Estimated timing for further notices to be published: Every 4 years.

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

VI.4)Procedures for appeal

VI.4.1)Body responsible for appeal procedures

Bank of England
Threadneedle Street
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk

Body responsible for mediation procedures

Bank of England
Threadneedle Street
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk

VI.4.2)Lodging of appeals

VI.4.3)Service from which information about the lodging of appeals may be obtained

Bank of England
Threadneedle Street
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk

VI.5)Date of dispatch of this notice:

18.6.2015