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03 Contract Award Notice - Successful Supplier(s)

The Provision of Legal Services to the Teesside Flexible Investment Fund

  • First published: 13 November 2024
  • Last modified: 13 November 2024

The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
ocds-kuma6s-140891
Published by:
Development Bank of Wales
Authority ID:
AA0555
Publication date:
13 November 2024
Deadline date:
-
Notice type:
03 Contract Award Notice - Successful Supplier(s)
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
No

Abstract

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 CPV: 79100000, 79100000, 79111000, 79140000.

Full notice text

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

Coding

Commodity categories

ID Title Parent category
79140000 Legal advisory and information services Legal services
79111000 Legal advisory services Legal advisory and representation services
79100000 Legal services Business services: law, marketing, consulting, recruitment, printing and security

Delivery locations

ID Description
1017 Bridgend and Neath Port Talbot
1022 Cardiff and Vale of Glamorgan
1015 Central Valleys (Merthyr Tydfil, Rhondda Cynon Taf)
1013 Conwy and Denbighshire
1020 East Wales
1023 Flintshire and Wrexham
1016 Gwent Valleys (Torfaen, Blaenau Gwent, Caerphilly)
1012 Gwynedd
1011 Isle of Anglesey
1021 Monmouthshire and Newport
1024 Powys
1014 South West Wales (Carmarthenshire, Pembrokeshire, Ceredigion)
1018 Swansea
100 UK - All
1000 WALES
1010 West Wales and The Valleys

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

Document family

Notice details
Publication date:
22 April 2024
Deadline date:
24 May 2024 00:00
Notice type:
02 Contract Notice
Authority name:
Development Bank of Wales
Publication date:
13 November 2024
Notice type:
03 Contract Award Notice - Successful Supplier(s)
Authority name:
Development Bank of Wales

About the buyer

Main contact:
procurement@developmentbank.wales
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

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