Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Development Bank of Wales
1 Capital Quarter Tyndall Street
Cardiff
CF10 4BZ
UK
Telephone: +44 02920338100
E-mail: procurement@developmentbank.wales
Fax: +44 2920338101
NUTS: UKL
Internet address(es)
Main address: https://fwcapital.co.uk
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0555
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
The Provision of Legal Services to the Teesside Flexible Investment Fund
Reference number: DBW00072
II.1.2) Main CPV code
79100000
II.1.3) Type of contract
Services
II.1.4) Short description
Teesside Flexible Investment Fund
The Teesside Flexible Investment Fund (“TFIF”) is a GBP20m fund established in April 2024 with financial support from the Teesside Pension Fund to facilitate the delivery of business succession and property development projects in Teesside that support economic growth and create employment. The fund can also facilitate the delivery of contracts, although this is outside of the scope of this procurement.
The fund can provide funding from GBP250,000 to GBP3,000,000 over a maximum five (5) year term.
2.4 FWC as Fund Managers of the TFIF, are seeking to appoint an experienced legal panel on a call off basis to be utilised as and when required to support the role out of the fund.
Further information can be obtained from the Invitation to Tender
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
300 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
79100000
79111000
79140000
II.2.3) Place of performance
NUTS code:
UKC1
II.2.4) Description of the procurement
Requirements for the contract include:
Firms must have a physical presence in Tees Valley;
- Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of succession investments including but not limited to:
- Equity, equity option and loan agreements & associated documents.
- Debentures.
- Legal charges.
- Deeds Of Priority and Intercreditor Agreements.
- Personal and corporate guarantees.
- Articles of Association and Shareholder Agreements.
- Service Agreements.
- Transfer of IP and other assets, assignment of contracts.
- Share transfers.
- Companies House documentation.
- Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of property development investments including but not limited to:
- Legal charges over land and property.
- Report on Title.
- Build Contracts.
- Collateral Warranties.
- Leases, pre-sale, and pre-let agreements.
- Firms must be able to demonstrate they have sufficient resources in place to deliver the Services in a timely manner and that they represent good value for money for the Services delivered.
- Firms must be able to demonstrate how they can add value to the Fund Manager in the delivery of the TFIF over its lifetime.
Further information can be found within the Invitation to Tender.
II.2.5) Award criteria
Quality criterion: Project Team and Relevant Experience
/ Weighting: 14
Quality criterion: Delivery of the Services
/ Weighting: 16
Quality criterion: Key Issues, Risks and Challenges
/ Weighting: 5
Quality criterion: Conflicts of Interest
/ Weighting: 5%
Quality criterion: Added Value
/ Weighting: 10%
Quality criterion: Presentation
/ Weighting: 25
Price
/ Weighting:
25
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2024/S 000-013037
Section V: Award of contract
Contract No: DBW00072.00
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
02/07/2024
V.2.2) Information about tenders
Number of tenders received: 6
Number of tenders received from SMEs: 5
Number of tenders received from tenderers from EU Member States: 6
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 6
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Muckle LLP
Time Central, 32 Gallowgate
Newcastle upon Tyne
NE14BF
UK
NUTS: UKC2
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Square One Law LLP
Anson House, Burdon Terrace
Newcastle upon Tyne
NE23AE
UK
NUTS: UKC
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
WARD HADAWAY LLP
Sandgate House, 102 Quayside
Newcastle Upon Tyne
NE13DX
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
THE ENDEAVOUR PARTNERSHIP LLP
Tobias House, St Mark's Court, Teesdale Business Park
Teesside
TS176QW
UK
Telephone: +44 7540286102
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 300 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
(WA Ref:145974)
VI.4) Procedures for review
VI.4.1) Review body
High Court
Royal Courts of Justice, The Strand
London
WC2A 2LL
UK
Telephone: +44 2079477501
VI.5) Date of dispatch of this notice
13/11/2024