Voluntary ex ante transparency notice
Directive 2014/24/EU
Section I: Contracting
entity
I.1) Name and addresses
King's College London
RC297
Strand
London
WC2R 2LS
UK
Contact person: Gerry Burns
Telephone: +44 2078484431
E-mail: gerry.burns@kcl.ac.uk
NUTS: UKI3
Internet address(es)
Main address: www.kcl.ac.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Special Education Services
Reference number: KCL-00001174
II.1.2) Main CPV code
80340000
II.1.3) Type of contract
Services
II.1.4) Short description
An integrated solution to the need for:
(i) trading training;
(ii) econometric software training;
(iii) dissertation-related teaching and training;
(iv) dissertation supervision;
(v) trading lab management;
(vi) research student support.
All these are linked and ideally need to be jointly provided.
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.2.3) Place of performance
NUTS code:
UKI3
II.2.4) Description of the procurement
An integrated solution to the need for:
(i) trading training;
(ii) econometric software training;
(iii) dissertation-related teaching and training;
(iv) dissertation supervision;
(v) trading lab management;
(vi) research student support.
All these are linked and ideally need to be jointly provided.
II.2.5) Award criteria
Criteria below:
Price
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
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation:
King’s Business School wishes to contract Trading Training Company (TTC) on a pilot basis aiming at an integrated solution to the need for:
(i) trading training;
(ii) econometric software training;
(iii) dissertation-related teaching and training;
(iv) dissertation supervision;
(v) trading lab management;
(vi) research student support.
All these are linked and ideally need to be jointly provided. TTC does exactly that. I am not aware of any other provider who could do such a complex set of tasks in an integrated way let alone have the unique understanding of the needs of our cohorts and the expertise and background of the group teaching staff.
Student support services and dissertation support (MSc and PhD).
— expertise and knowledge in all 10 core dissertation topics including statistics, advanced regression models and technical programming support (Eviews/Excel/Matlab/Python/R). Provide weekly summer MSc dissertation in person student support. Additional service provided outside compulsory supervisory dissertation meetings,
— in person trading lab data/platform student questions for full academic year,
— MSc/PhD research student support with office hours for Python,
— provide expert assistance on financial data extraction and all platform functionality including Bloomberg/Eikon/DataStream/WIND/Macrobond,
— provide expert student support for DCF valuations, portfolio construction/optimisation/financial spreadsheet modelling, asset valuation, research, data analysis in excel.
King’s Business School has tested the marked through recruitment in both February 2017 and May 2017, on a secondment basis from June 2017 to May 2018 and then the market was re-tested by going via a temporary staff agency in June 2018 and have been unsuccessful in making a permanent appointment on any occasion. Managing a trading room is a specialist resource which is hard to recruit to as staff often do not have the correct combination of required skills in both trading knowledge and computer software knowledge. The company we have approached has proven experience in the sector and within King’s College. This is an interim pilot solution to provide dissertation support and preparations for the start of term; this pilot has been successful and we wish to extend this to an ongoing arrangement until 30.9.2020.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section V: Award of contract/concession
Contract No: KCL-00001174
Title: Special Education Services
V.2 Award of contract/concession
V.2.1) Date of conclusion of the contract/concession
01/02/2019
V.2.2) Information about tenders
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
The Trader Training Company
New Bridge Street House, 30–34 New Bridge Street
London
EC4V 6BJ
UK
Telephone: +44 2039501459
NUTS: UK
Internet address(es)
URL: www.ttcinstitute.com
The contractor is an SME:
Yes
V.2.4) Information on value of the concession and main financing terms (excluding VAT)
Initial estimated total value of the contract/lot/concession: 300 000.00 EUR
Total value of the concession/lot:
300 000.00
EUR
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
Strand
London
WC2A 2LL
UK
Telephone: +44 2079476112
E-mail: comct.registry@hmcourts-service.gsi.gov.uk
VI.5) Date of dispatch of this notice
22/02/2019