Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Darlington College
Central Park, Haughton Road
Darlington
DL1 1DR
UK
Telephone: +44 1376511411
E-mail: mark.dodd@tenetservices.com
Fax: +44 1376515970
NUTS: UK
Internet address(es)
Main address: http://www.darlington.ac.uk/
Address of the buyer profile: http://www.darlington.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
Darlington College - Refinancing of Bank Borrowing
Reference number: CA8094 -
II.1.2) Main CPV code
66110000
II.1.3) Type of contract
Services
II.1.4) Short description
Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
90 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKC13
Main site or place of performance:
Darlington
II.2.4) Description of the procurement
Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing.
• An organisation with experience of lending to the UK education sectors
• A organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector.
• The ability to provide a fully credit and pricing backed proposal to this ITT
• Able to complete the refinance/restructure of existing borrowing by 10 May 2021
• An online provision to meet the needs of the college
The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each:
Option 1, a £3m 5-year amortising loan with a 10-year repayment profile, option 2, a £3m Revolving Credit Facility over 5 years, option 3 a £3m Revolving Credit Facility over 3 years.
II.2.5) Award criteria
Quality criterion: Proposed Financial Covenants
/ Weighting: 30.00%
Quality criterion: Meeting the college’s requirements within the specification
/ Weighting: 25.00%
Quality criterion: How the organisation limits its impact on the environment
/ Weighting: 5.00%
Cost criterion: Cost
/ Weighting: 40.00%
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
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.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2020/S 249-622767
Section V: Award of contract
Contract No: CA8094
Title: Darlington College - Refinancing of Bank Borrowing
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/07/2021
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Barclays Bank PLC
1 Churchill Place,
LONDON
E14 5HP
UK
Telephone: +44 3301528811
E-mail: megan.leatherland@barclays.com
NUTS: UK
Internet address(es)
URL: www.barclays.co.uk
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 90 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
Section II.3) – dates refer to the initial contract period and do not include the options of any extensions.
Section IV.3.5) – any dates shown are an estimate.
In the first instance, candidates should register with www.multiquote.com and express an interest in the contract, full details of the contract will be available.
The Contracting Authority shall not be under any obligation to accept any tender. The Contracting Authority reserves the right to cancel the entire or parts of the tender, without such an action conferring any right to compensation on the Tenderers.
The Contracting Authority has no liability to settle any cost incurred by the tenderer as a result of the tendering procedure.
VI.4) Procedures for review
VI.4.1) Review body
Tenet
Procurement House, 23 Leslie Hough Way
Salford
M6 6AJ
UK
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
The authority will incorporate a minimum 10 calendar day standstill period at the point that information on the award of the contract is communicated to tenderers. If an appeal regarding the award of contract has not been successfully resolved then the Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or are at risk of harm by breach of the rules to take action in the High Court. Any such action must be brought promptly (generally within 3 months).
VI.5) Date of dispatch of this notice
20/07/2021