Contract notice
Section I: Contracting
authority
I.1) Name and addresses
FAIR4ALL FINANCE LIMITED
11810533
2nd Floor 28 Commercial Street
London
E16LS
UK
Contact person: Gary Stephens
E-mail: procurement@fair4allfinance.org.uk
NUTS: UKI42
Internet address(es)
Main address: https://fair4allfinance.org.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://gbsprocure.marketdojo.com/users/current_opportunities
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://gbsprocure.marketdojo.com/users/current_opportunities
Tenders or requests to participate must be sent to the abovementioned address
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
Investment Management Solution
Reference number: ID531
II.1.2) Main CPV code
72212411
II.1.3) Type of contract
Services
II.1.4) Short description
Fair4All Finance is seeking an Investment Management Solution. The requirements cover the installation and ongoing management of the solution.
The ideal Investment Management System (IMS) will be a robust and scalable platform designed specifically to meet the unique needs of organisations engaged in social impact investment. It will offer a comprehensive suite of features and functionalities tailored to support the end-to-end lifecycle of social impact investments, including loans, interest-bearing equity, dividend-bearing equity, grants, guarantees, and impact measurement.
Full details are enclosed within the procurement documents on Market Dojo.
II.1.5) Estimated total value
Value excluding VAT:
210 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI4
II.2.4) Description of the procurement
Fair4All Finance is a not-for-profit organisation founded in early 2019 to increase the financial wellbeing of people in vulnerable circumstances by increasing access to fair, affordable, and appropriate financial products, and services in England. We have three main priority areas:
• Expanding provision of affordable credit through a scaled community finance sector
• Partnering with banks and financial service providers to support the delivery of products and services for customers in vulnerable circumstances
• Developing and scaling products and services to address market gaps
We deliver our mission through making social impact investments into community finance organisations. You can find out more about our strategy here.
The Fair4All Finance investment team is managing a portfolio of social investments (debt, equity, quasi-equity, and grants) in affordable credit providers, with significant anticipated growth through 2024 and into 2025.
The team is now seeking an affordable solution that will allow the Investment Team to make sound and effective investment decisions and to facilitate clear and accurate monitoring and reporting across the portfolio to both internal and external stakeholders. Data critical to supporting this portfolio is currently managed using Excel based tables.
A successful solution will have:
• Comprehensive functionality to support the execution and evaluation of social impact investments
• Flexibility to adapt to our ways of working and reporting requirements
• Excellent user experience, training, and vendor support to ensure usability across all of Fair4All Finance
There will be circa 20 users of the solution within Fair4All Finance who will be managing up to 200 investments over the next five years.
The estimated budget for this solution is between £200k - £250k plus VAT over the next five years, which will include initial purchase costs, implementation and annual maintenance fees.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 60
This contract is subject to renewal: Yes
Description of renewals:
Please see Tender Documents
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
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 III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
Please see Tender Documents
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
List and brief description of selection criteria:
Please see Tender Documents
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
Please see Tender Documents
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.2.2) Time limit for receipt of tenders or requests to participate
Date:
05/09/2024
Local time: 17:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.7) Conditions for opening of tenders
Date:
06/09/2024
Local time: 09:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
Strand
London
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
06/08/2024