Prior information notice
This notice aims at reducing time limits for receipt of tenders
Section I: Contracting
authority
I.1) Name and addresses
Transport for Wales
Southgate House, Wood Street
Cardiff
CF10 1EW
UK
Contact person: Leanne Millard
Telephone: +44 2921673434
E-mail: Procurement@tfw.wales
NUTS: UKL
Internet address(es)
Main address: http://tfw.gov.wales
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA50685
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.3) Communication
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://etenderwales.bravosolution.co.uk/home.html
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Other: Transport related activities
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Depreciated Replacement Cost Valuation
Reference number: TfW-C000292.00
II.1.2) Main CPV code
79419000
II.1.3) Type of contract
Services
II.1.4) Short description
Transport for Wales (TfW) wishes to procure the services of an advisor to provide evidence to support the valuation assessment of the Core Valleys Lines rail network for financial reporting purposes for the financial year ending 31 March 2021 and future periods.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
79419000
71600000
71621000
II.2.3) Place of performance
NUTS code:
UKL
Main site or place of performance:
Across the Welsh rail network
II.2.4) Description of the procurement
In accordance with Regulation 40 of the Public Contracts regulations 2015 TFW will be holding buyer pre-market engagement events sessions for this project. Due to the current situation with COVID-19 these meetings will be held virtually using TEAMS, week commencing 14th September 2020 (subject to change). In order to be allocated a session you are required to respond no later than 12 noon on 9th September 2020 via email to procurement@tfw.wales, stating your experience and/or capability in delivering this type of service.
Non response to this Prior Information Notice by any potential supplier does not preclude them from participating in any related forthcoming tender in the future.
Transport for Wales (TfW) are looking for experienced consultants to undertake valuation of assets and provide information on the Depreciated Replacement Costs across our Core Valley Lines (CVL) in South Wales.
The CVL rail network is made up of the Aberdare, Coryton, Merthyr Tydfil, Rhymney and Treherbert lines and includes all stations, track and related rail infrastructure such as earthworks, bridges and signals within this network. TfW acquired these lines from Network Rail on 28 March 2020.
Under Public Sector accounting rules, the Modern Equivalent unit costs of replacing the CVL rail infrastructure need to be assessed. This information will be used in conjunction with the Useful Economic Life and Remaining Useful Life of the CVL assets to arrive at the Depreciated Replacement Cost (DRC) of the asset. The DRC valuation will be reported in the financial statements of Transport for Wales and will be used for consolidation within the Welsh Government group financial statements.
The appointed advisor is expected to provide input in the following areas:
1 – Developing an excel based valuation model, replicating the 31 March 2020 opening position per the Network Rail valuation model and capable of being updated for factors including unit costs, unit quantities, asset lives and indexation;
2 - Developing asset unit costs based on the asset categories in the existing DRC model;
3 – Quantifying risk and other uplifts (e.g. ‘greenfield adjustments’) to be applied to the unit costs;
4 – Assisting TfW in quantifying the useful economic lives of the assets comprising the CVL taking into account both newly constructed and renewed assets;
5 – Assisting TfW in quantifying the remaining useful economic life of the assets comprising the CVL; and
6 – Undertaking an annual adjustment to the asset value (in those years where a full valuation is not undertaken) by advising TfW on appropriate indices to apply to pre existing costs and in confirming the values of in year asset additions and disposals.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
In order to be allocated a market engagement session you are required to respond to this PIN no later than 12 noon on 9th September 2020 via email to procurement@tfw.wales, stating your experience and/or capability in delivering this type of service. Sessions will take place week commencing 14th Sept 2020. (subject to change)
II.3) Estimated date of publication of contract notice:
05/10/2020
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
KPI's will form part of the contract and details will be provided within the tender documents
Section IV: Procedure
IV.1) Description
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.5) Scheduled date for start of award procedures
26/10/2020
Section VI: Complementary information
VI.2) Information about electronic workflows
Electronic invoicing will be accepted
Electronic payment will be used
VI.3) Additional information
In accordance with Regulation 40 of the Public Contracts regulations 2015 TFW will be holding buyer pre-market engagement events sessions for this project. Due to the current situation with COVID-19 these meetings will be held virtually using TEAMS, week commencing 14th September 2020 (subject to change). In order to be allocated a session you are required to respond no later than 12 noon on 9th September 2020 via email to procurement@tfw.wales, stating your experience and/or capability in delivering this type of service.
Non response to this Prior Information Notice by any potential supplier does not preclude them from participating in any related forthcoming tender in the future.
NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=103532.
(WA Ref:103532)
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
25/08/2020