Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
UK
Telephone: +44 8456002541
E-mail: claire.lefort@ppf.co.uk
NUTS: UKI62
Internet address(es)
Main address: https://ppf.bravosolution.co.uk
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
Global Investor Class Action Claims and Recoveries Service
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
The Board is seeking to appoint a service provider who can monitor and manage class actions on behalf of the PPF to deliver maximum return from each class action followed.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
800 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI62
II.2.4) Description of the procurement
The Board undertook a restricted procedure using a PIN as a call for competition to appoint a service provider who can monitor and manage class actions on behalf of the PPF to deliver maximum return from each class action followed.
II.2.5) Award criteria
Quality criterion: Experience
/ Weighting: 8 %
Quality criterion: Relationship with third parties
/ Weighting: 32 %
Quality criterion: Service delivery (process)
/ Weighting: 32 %
Quality criterion: Reporting
/ Weighting: 10 %
Quality criterion: Total price
/ Weighting: 15 %
Quality criterion: Contractual response
/ Weighting: 5 %
Price
/ Weighting:
15 %
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
II.2.14) Additional information
Contract value is based on a range from zero to GBP 800 000 over the maximum contract term of 4 years. The value is based on the potential contingent fee the supplier could earn dependent on the recoveries achieved.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2019/S 145-357195
Section V: Award of contract
Lot No: N/a
Contract No: ecm_2670
Title: Global Investor Class Action Claims and Recoveries Service
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
15/06/2020
V.2.2) Information about tenders
Number of tenders received: 2
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Institutional Protection Services Ltd
1-3 Staple Inn
London
WC1V 7QH
UK
E-mail: jlangdale@institutionalprotection.com
NUTS: UKI62
Internet address(es)
URL: www.institutionalprotection.com
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 800 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
The contract value over the maximum possible contract term (4 years) is hard to predict; we do not know how many class actions the PPF will be able to take part in and the extent to which we will be successful and make recoveries. The contract has therefore been calculated as a range on the basis of worst case scenario — the PPF makes no recoveries best case scenario - we receive an income that the service provider makes a contingent fee from which we estimate to be a maximum of GBP 800 000.
VI.4) Procedures for review
VI.4.1) Review body
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
UK
Telephone: +44 08456002541
Internet address(es)
URL: https://www.ppf.bravosolution.co.uk
VI.5) Date of dispatch of this notice
07/07/2020