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)

Summary

OCID:
Published by:: HM Treasury
Authority ID:: AA21737
Publication date:: 22 August 2013
Deadline date:: -
Notice type:: Contract Award Notice
Has documents:: No
Has SPD:: No
Has Carbon Reduction Plan:: N/A

Abstract

The advisors will advise HMT on asset portfolio analysis matters for the bad bank review and undertake a detailed analysis (on an appropriate sampling basis) of specific RBS asset portfolios, providing written and quantitative outputs to HMT and other external advisors as required. This will include a final written report that will support HMT and its external corporate finance advisors in concluding the bad bank review.

Full notice text

CONTRACT AWARD NOTICE – OFFICIAL JOURNAL

Section I: Contracting Authority

I.1)

Name, Address and Contact Point(s)

Official Name: HM Treasury
Postal Address: 1 Horse Guards Road
Town: London	Postal Code: SW1A 2HQ	Country: UK
For the attention of:	Telephone:
E-Mail: groupcommercial@hmtreasury.gsi.gov.uk	Fax:
General Address of the contracting authority (URL) http://hm-treasury.gov.uk Address of the Buyers Profile (URL)

I.2)

Type of contracting Authority and Main Activity or Activities

	Ministry or any other national or federal authority, including their regional or local sub-divisions
	National or federal agency/Office
	Regional or local Authority
	Regional or local Agency/Office
	Body governed by public law
	European Institution/Agency or International Organisation

	General public services
	Defence
	Public order and safety
	Environment
	Economic and financial affairs
	Health
	Housing and community amenities
	Social protection
	Recreation, culture and religion
	Education

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

Asset Specialist Advisors.

II.1.2(a))

Type of works contract

II.1.2(b))

Type of supplies contract

II.1.2(c))

Type of service contract

Service category 6
In case of contract for service categories 17 to 27 (see Annex C), do you agree to the publication of this notice?

II.1.2)

Main site or location of works, place of delivery or performance

Personnel delivering the service will be based at their own corporate location.

NUTS Code UKI1

II.1.3)

This notice involves a framework agreement

The conclusion of a framework agreement

Contracts based on a dynamic purchasing system (DPS)

II.1.4)

Short description of the contract or purchase(s)

II.1.5)

Common Procurement Vocabulary (CPV)

	Main vocabulary	Supplementary vocabulary (when applicable)
Main object	66100000
Additional objects

II.1.6)

Contract covered by the government procurement agreement (GPA)

Yes

II.2)

Total final value of the contract(s)

II.2.1)

Total final value of the contract(s)

Value: 3 000 000 Currency: GBP Excluding VAT

Section IV: Procedure

IV.1)

Type of procedure

IV.1.1)

Type of procedure

Award of contract without prior publication of a contract notice

IV.2)

Award criteria

IV.2.1)

Award criteria

Lowest Price

The most economically advantageous tender in terms of

	Criteria	Weighting
1	qualitative criteria	80
2	cost	20

IV.2.2)

An electronic auction has been used

IV.3)

Administrative information

IV.3.1)

File reference number attributed by the contracting authority

HMT1231

IV.3.2)

Previous publication(s) concerning the same contract

Other previous publications

Section V: Award of contract

Contract No:

V.1)

Date of contract award:

12-07-2013

V.2)

Numbers of offers received:

V.3)

Name and address of economic operator to whom the contract has been awarded

Official Name: BlackRock Financial Management Inc
Postal Address: 55 East 52 Street
Town: New York	Postal Code: NY 10055	Country: US
E-Mail:	Telephone:
Internet address (URL):	Fax:

V.4)

Information on value of contract

Initial estimated total value of the contract: 3 000 000 GBP excluding VAT

Total final value of the contract 3 000 000 GBP excluding VAT

Annual or monthly value:

V.5)

The contract is likely to be subcontracted

No
If yes, value or proportion of the contract likely to be subcontracted to third parties

Short description of the value/proportion of the contract to be subcontracted

Section VI: Complementary Information

VI.1)

Contract related to a project and/or programme financed by community funds?

No

If yes, indicate the project/programme and any useful reference

VI.2)

Additional Information

VI.3)

Procedures for appeal

VI.3.1)

Body responsible for appeal procedures

Official Name:
Postal Address:
Town:	Postal Code:	Country:
E-Mail:	Telephone:
Internet address (URL):	Fax:

Body responsible for mediation procedures

Official Name:
Postal Address:
Town:	Postal Code:	Country:
E-Mail:	Telephone:
Internet address (URL):	Fax:

VI.3.2)

Lodging of appeals

Precise information on deadline(s) for lodging appeals:

VI.3.3)

Service from which information about the lodging of appeals may be obtained

Official Name:
Postal Address:
Town:	Postal Code:	Country:
E-Mail:	Telephone:
Internet address (URL):	Fax:

VI.4)

Dispatch date of this Notice

20-08-2013

ANNEX D

Justification for the choice of the negotiated procedure
without prior call for competition

a) No tenders or no appropriate tenders in response to:	Open procedure Restricted procedure
b) The products involved are manufactured purely for the purpose of research, experiment, study or development under the conditions stated in the Directive (for supplies only).
c) The works/goods/services can be provided only by a particular tenderer for reasons that are:	Technical Artistic Connected with the protection of exclusive rights
d) Extreme urgency brought about by events unforseeable by the contracting authority and in accordance with the strict conditions stated in the Directive.
e) Additional works/deliveries/services are ordered under the strict conditions stated in the Directive.
f) New works/services, constituting a repetition of existing works/services and ordered in accordance with the strict conditions stated in the Directive.
g)Service contract awarded to the successful candidate or one of them after a design contest.
h) For supplies quoted and purchased on a commodity market.
i) For the purchase of supplies on particularly advantageous terms:	from a supplier which is definitely winding up its business activities from the receivers or liquidators of a bankruptcy, an arrangement with creditors or a similar procedure.
j) All tenders submitted in reply to an open procedure, a restricted procedure or competitive dialogue were irregular or unnacceptable. Only those tenderers were included in the negotiations which have satisfied the qualitative selection criteria.
Other justification for the award of the contract without prior publication of a contract notice in the OJEU:
k) The contract has as its object services listed in Annex B of Directive 2004/18/EC or in Annex XVII B of Directive 2004/17/EC
l) The contract falls outside the scope of application of the relevant directive.
In addition to the box(es) ticked above please explain in a clear and comprehensive manner why the award of the contract without prior publication of a contract notice in the OJEU is lawful, stating in any case the relevant facts, and, as appropriate, the conclusions of law in accordance with the articles in the relevant Directive (500 words maximum):
As announced by the Chancellor at Mansion House on 19 June 2013, the Government was to undertake a review of the merits for creating a so-called 'bad bank' of RBS's risky and legacy assets. The Chancellor announced that the review would proceed urgently and conclude in the Autumn, as recommended by the Parliamentary Commission on Banking Standards and to reduce market uncertaintly. It was therefore necessary to commence implementation activities immediately after the announcement.The impact of not taking this route would have meant the Chancellor would not have been able to conclude the review into the case for an RBS bad bank in Autumn, thereby prolonging uncertainty over RBS's future with potential significant detriment to RBS, the Government's shareholding and broader financial stability.

SF 23

Coding

Commodity categories

ID	Title	Parent category
66100000	Banking and investment services	Financial and insurance services

Delivery locations

ID	Description
There are no delivery locations for this notice.

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.

About the buyer

Main contact:: groupcommercial@hmtreasury.gsi.gov.uk
Admin contact:: N/a
Technical contact:: N/a
Other contact:: N/a

Further information

Date	Details
No further information has been uploaded.

Asset Specialist Advisors.

Contents

Summary

Abstract

Full notice text

CONTRACT AWARD NOTICE – OFFICIAL JOURNAL

Section I: Contracting Authority

I.1)

Name, Address and Contact Point(s)

I.2)

Type of contracting Authority and Main Activity or Activities

Section II: Object of the Contract

II.1)

Description

II.1.1)

Title attributed to the contract by the contracting authority

II.1.2(a))

Type of works contract

II.1.2(b))

Type of supplies contract

II.1.2(c))

Type of service contract

II.1.2)

Main site or location of works, place of delivery or performance

II.1.3)

This notice involves a framework agreement

II.1.4)

Short description of the contract or purchase(s)

II.1.5)

Common Procurement Vocabulary (CPV)

II.1.6)

Contract covered by the government procurement agreement (GPA)

II.2)

Total final value of the contract(s)

II.2.1)

Total final value of the contract(s)

Section IV: Procedure

IV.1)

Type of procedure

IV.1.1)

Type of procedure

IV.2)

Award criteria

IV.2.1)

Award criteria

IV.2.2)

An electronic auction has been used

IV.3)

Administrative information

IV.3.1)

File reference number attributed by the contracting authority

IV.3.2)

Previous publication(s) concerning the same contract

Other previous publications

Section V: Award of contract

Contract No:

V.1)

Date of contract award:

V.2)

Numbers of offers received:

V.3)

Name and address of economic operator to whom the contract has been awarded

V.4)

Information on value of contract

V.5)

The contract is likely to be subcontracted

Short description of the value/proportion of the contract to be subcontracted

Section VI: Complementary Information

VI.1)

Contract related to a project and/or programme financed by community funds?

VI.2)

Additional Information

VI.3)

Procedures for appeal

VI.3.1)

Body responsible for appeal procedures

Body responsible for mediation procedures

VI.3.2)

Lodging of appeals

VI.3.3)

Justification for the choice of the negotiated procedure
without prior call for competition