Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Scottish Enterprise
Atrium Court, 50 Waterloo Street
Glasgow
G2 6HQ
UK
Contact person: Lesley Reid
Telephone: +44 8456078787
E-mail: lesley.reid@scotent.co.uk
Fax: +44 1412481600
NUTS: UKM82
Internet address(es)
Main address: http://www.scottish-enterprise.com/
Address of the buyer profile: http://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00398
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Regional or local agency/office
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Scottish Investment Bank — Support Services Framework
Reference number: P18-0061
II.1.2) Main CPV code
79400000
II.1.3) Type of contract
Services
II.1.4) Short description
Scottish Enterprise (“SE”) is seeking to establish a support services framework of suitably qualified and experienced specialists to carry out specific projects across a range of activities in which the Scottish Investment Bank (“SIB”) is engaged.
SIB has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the SIB team in the delivery of time-critical activities across all areas of the business. Successful delivery of SIB’s objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the SIB team has immediate access to specialist expertise as and when required.
If subcontracting please provide a separate ESPD response (Sections A and B of this Part and Part III) for each subcontractor.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
400 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Investment Management
II.2.2) Additional CPV code(s)
79400000
79412000
II.2.3) Place of performance
NUTS code:
UKM
Main site or place of performance:
Across Scotland including Highlands and Islands Enterprise.
II.2.4) Description of the procurement
This lot will cover a range of different investment management interventions across all areas of SIB. These will include, but not be limited to:
— Undertaking a high-level ‘health-check’ on investee company’s performance, including assessment of the financial performance of the business, the markets in which it operates, the business model, the competitive position of the business and product, service and supply chain and assessment of the customer proposition and the sales pipeline,
— Review of investee company board performance including an assessment of the structure and profile of the board, the relationship between individual board members and the board and the management team, the strengths and weaknesses in the board/ management team and the ability to meet the company’s strategy taking into account wider factors including the culture, communication and decision making ethos within the company,
— Review of an investee company’s corporate governance structure, including board/ management and investor reporting, assessment of internal information and management systems and assessment of adherence to the company’s constitutional documents, including the articles of association and investment agreement,
— Strategic input to SE on investee companies that are significantly behind plan and the options available to the investors,
— Strategic input to SE on investee companies that are in distress (including a review of going concern issues) and the options open to SE, as public sector investors, to support the company,
— High-level assessment of an investee company’s exit strategy and exit readiness, identifying any strengths and weaknesses that need to be address to better position the company for exit including an assessment of different exit scenarios.
II.2.5) Award criteria
Quality criterion: Tenderer’s’ breadth and depth of experience and skills
/ Weighting: 30
Quality criterion: Investment market knowledge
/ Weighting: 30
Quality criterion: Understanding of project requirements and methodology, including tools and techniques, that will be used when providing the service
/ Weighting: 25
Quality criterion: Knowledge of Scotland’s growth sectors and experience of working with SMEs
/ Weighting: 15
Price
/ Weighting:
35
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
Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.
Lot No: 2
II.2.1) Title
Investor and Financial Diligence
II.2.2) Additional CPV code(s)
79400000
79412000
II.2.3) Place of performance
NUTS code:
UKM
Main site or place of performance:
Across Scotland including Highlands and Islands Enterprise.
II.2.4) Description of the procurement
This lot will cover a range of different accounting and corporate finance interventions across all areas of SIB. These will include, but not be limited to:
— For new and existing investee companies, an assessment of financial forecasts (P&L, balance sheet, cashflow) and the assumptions underlying them and an assessment of whether these are considered realistic and achieveable,
— For new and existing investee companies, a review of the short, medium and longer-term financial and fundraising strategy, identifying potential and appropriate sources of future third-party funding (equity, debt, grant funding) and the capacity of current/existing investors to support the company,
— For new and existing investee companies, a review of business plan/ model and an assessment of the key risks underpinning any case for new or further investment from SE,
— For new investment propositions, broad level commercial and financial diligence, including, but not limited to, review of historical financial performance, product market fit, the business model (including the pricing model), the competitive positioning of the business and its product/ service, an assessment of the company’s service and supply chains and sales and customer pipeline,
— Assessment of the investment terms for new and follow-on funding, including consideration of the deal structure (taking into account in preferential terms) and the advantages and disadvantages from a commercial perspective of SE investing and not investing and an assessment of the different returns under different exit scenarios/ valuations,
— Undertaking a high level assessment of company valuations and the assumptions underpinning those valuations with commentary on whether the valuation and assumptions are reasonable.
II.2.5) Award criteria
Quality criterion: Tenderer’s’ breadth and depth of experience and skills
/ Weighting: 30
Quality criterion: Investment market knowledge
/ Weighting: 30
Quality criterion: Understanding of project requirements and methodology, including tools and techniques, that will be used when providing the service
/ Weighting: 25
Quality criterion: Knowledge of Scotland’s growth sectors and experience of working with SMEs
/ Weighting: 15
Price
/ Weighting:
35
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
Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.
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:
2017/S 224-466189
Section V: Award of contract
Lot No: 1
Title: Investment Management
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
22/02/2018
V.2.2) Information about tenders
Number of tenders received: 14
Number of tenders received from SMEs: 9
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 14
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Brian Scouler
31 Cramond Road North
Edinburgh
EH4 6LY
UK
Telephone: +44 7811262796
NUTS: UKM75
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Henderson Loggie
90 Mitchell Street
Glasgow
G1 3NQ
UK
Telephone: +44 1412216807
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Chiene + Tait LLP
61 Dublin Street
Edinburgh
EH3 6NL
UK
Telephone: +44 1315585800
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 250 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Title: Investor and Financial Diligence
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
22/02/2018
V.2.2) Information about tenders
Number of tenders received: 11
Number of tenders received from SMEs: 9
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 11
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Dempster Solutions Limited
23 Albert Place
Stirling
FK82RF
UK
Telephone: +44 7818457751
NUTS: UKM77
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Henderson Loggie
90 Mitchell Street
Glasgow
G1 3NQ
UK
Telephone: +44 1412216807
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Martin Aitken and Co Limited
Caledonia House, 89 Seaward Street
Glasgow
G41 1HJ
UK
Telephone: +44 1412720000
NUTS: UKM
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 150 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
Note: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at http://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=515394
(SC Ref:536726).
VI.4) Procedures for review
VI.4.1) Review body
Scottish Enterprise
Atrium Court, 50 Waterloo Street
Glasgow
G2 6HQ
UK
Telephone: +44 8456078787
Fax: +44 1412481600
Internet address(es)
URL: http://www.scottish-enterprise.com/
VI.4.2) Body responsible for mediation procedures
Single Point of Enquiry
5 Atlantic Quay, 150 Broomielaw
Glasgow
G2 8LU
UK
Telephone: +44 1412425466
E-mail: SPOEprocurement@scotland.gsi.gov.uk
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
In the first instance contact the Senior director of facilities management and procurement at Scottish Enterprise with any concerns or enquiries.
https://www.scottish-enterprise.com/help/contact-us
An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under the Public Contracts Scotland) regulations 2015 may bring proceedings in the Sherriff Court or the Court of Session.
VI.4.4) Service from which information about the review procedure may be obtained
Scottish Enterprise
Atrium Court, 50 Waterloo Street
Glasgow
G2 6HQ
UK
Telephone: +44 1412041111
Internet address(es)
URL: https://www.scottish-enterprise.com/help/contact-us
VI.5) Date of dispatch of this notice
26/03/2018