Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
The Minister for the Cabinet Office acting through Crown Commercial Service
The Capital Building, Old Hall Street
Liverpool
L3 9PP
UK
Telephone: +44 3450103503
E-mail: info@crowncommercial.gov.uk
NUTS: UK
Internet address(es)
Main address: https://www.gov.uk/ccs
Address of the buyer profile: https://www.crowncommercialservice.bravosolution.co.uk
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Ministry or any other national or federal authority, including their regional or local subdivisions
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Corporate Finance Services 2
Reference number: RM6169
II.1.2) Main CPV code
66122000
II.1.3) Type of contract
Services
II.1.4) Short description
Crown Commercial Service (CCS), the authority, has replaced the existing corporate finance services framework (RM3719). The framework is a Pan Government Collaborative Agreement for the provision of corporate finance services to be utilised by central government departments and all other UK public sector bodies, including local authorities, health, police, fire and rescue, education, devolved administrations and charities. The proposed agreement will be the recommended corporate finance solution for the UK public sector, look to deliver value for money to the taxpayer when delivering corporate finance requirements for transactional or advisory services. The framework consists of seven lots, representing the various roles that buyers may choose to appoint one or more suppliers to fulfil their requirements, at call-off stage under the CFS framework. Each lot sets out the scope of work that a supplier may be required to undertake as detailed in Framework Schedule 1 specification.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
460 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Corporate Finance Advice, Separate to any Transaction Execution
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66120000
66121000
66122000
66130000
66131000
66132000
66150000
66151000
66170000
66171000
66190000
66517300
79410000
79412000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
Lot 1 related to the provision of corporate finance advice to buyers that may or may not be related to a specific transaction and will be separate to the execution of any specific transaction. Such execution, where relevant, may be carried out by the same or another supplier(s) under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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
Lot No: 2
II.2.1) Title
Advice on and Execution of Specific Corporate Transactions (Typically Referred to as Mergers and Acquisitions or M&A)
II.2.2) Additional CPV code(s)
03000000
66000000
66100000
66110000
66120000
66121000
66122000
66130000
66131000
66132000
66170000
66171000
66190000
66517300
79410000
79412000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UK.
II.2.4) Description of the procurement
Lot 2 related to advising buyers on and assisting in the execution of, a specific corporate transaction (or transactions). Such work may be carried out alongside or in parallel with another supplier(s) providing services under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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
Lot No: 3
II.2.1) Title
Advice on and Execution of Specific equity or Equity Related Capital Markets Transactions (Typically Referred to as Equity Capital Markets or ECM)
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66120000
66122000
66130000
66131000
66132000
66150000
66151000
66170000
66171000
66190000
66517300
79410000
79412000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UK.
II.2.4) Description of the procurement
Lot 3 related to advising buyers on and assisting in the execution of, a specific equity or equity related capital markets transaction (or transactions). Such work may be carried out alongside or in parallel with another supplier(s) providing services under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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
Lot No: 4
II.2.1) Title
Advice on and Execution of Specific Debt Capital Markets Transactions (Typically Referred to as Debt Capital Markets or DCM)
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66120000
66122000
66130000
66131000
66132000
66150000
66151000
66170000
66171000
66190000
66517300
79410000
79412000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UK.
II.2.4) Description of the procurement
Lot 4 related to advising buyers on and assisting in the execution of, a specific debt capital markets transaction (or transactions). Such work may be carried out alongside or in parallel with another supplier(s) providing services under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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
Lot No: 5
II.2.1) Title
Specialist Retail Offer Advice and Execution in Relation to Specific Capital Markets Transactions
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66120000
66122000
66130000
66131000
66132000
66150000
66151000
66170000
66171000
79410000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UK.
II.2.4) Description of the procurement
Lot 5 related to advising buyers on and assisting in the execution of, the retail offer element of a specific capital markets transaction (or transactions). Such work is expected to be carried out alongside or in parallel with another supplier(s) providing services under lot 3 or 4. Such work may also be carried out alongside or parallel with another supplier(s) providing services under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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
Lot No: 6
II.2.1) Title
Specialist Corporate Finance Advice in Relation to the Infrastructure Sector
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66120000
66121000
66122000
66130000
66131000
66132000
66150000
66151000
66170000
66171000
66190000
66517300
79410000
79412000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UK.
II.2.4) Description of the procurement
Lot 6 related to the provision of specialist corporate finance advice to buyers in relation to the infrastructure sector that may be related to a specific transaction. Such work may be carried out alongside or in parallel with another supplier(s) providing services under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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
Lot No: 7
II.2.1) Title
Specialist Corporate Finance Advice in Relation to Portfolios of or Discreet, Financial Assets
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66120000
66121000
66122000
66130000
66131000
66132000
66150000
66151000
66170000
66171000
66190000
66517300
79410000
79412000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UK.
II.2.4) Description of the procurement
Lot 7 related to the provision of specialist corporate finance advice to buyers in relation to portfolios of or discreet, financial assets that may be related to a specific transaction and will be separate to the execution of any specific transaction. Such execution, where relevant, would be carried out by the same or another supplier(s) under one (1) of the other framework contract lots.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
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.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
IV.1.6) Information about electronic auction
An electronic auction will be used
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:
2019/S 241-592100
Section V: Award of contract
Lot No: 1
Contract No: RM6169
Title: Lot 1
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 25
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Advalus Ltd
37 Great Pulteney Street
Bath
BA2 4DA
UK
NUTS: UK
Internet address(es)
URL: https://www.contractsfinder.service.gov.uk/Notice/363d5789-fb44-4de9-8d61-00d5ce6a1e2f
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 102 912 000.00
GBP
V.2.5) Information about subcontracting
The contract is likely to be subcontracted
Section V: Award of contract
Lot No: 2
Contract No: RM6169
Title: Lot 2
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 20
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
NUTS: 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:
: 195 660 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 3
Contract No: RM6169
Title: Lot 3
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 9
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
NUTS: 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:
: 68 412 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 4
Contract No: RM6169
Title: Lot 4
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 14
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
NUTS: 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:
: 12 432 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 5
Contract No: RM6169
Title: Lot 5
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 4
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
NUTS: 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:
: 13 728 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 6
Contract No: RM6169
Title: Lot 6
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 25
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
NUTS: 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:
: 16 080 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 7
Contract No: RM6169
Title: Lot 7
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/03/2020
V.2.2) Information about tenders
Number of tenders received: 13
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
NUTS: 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:
: 40 056 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
The value provided in section II.1.7) is only an estimate. We cannot guarantee to suppliers any business through this Commercial
Agreement. As part of this Contract Award Notice, the following documents can be accessed at: https://www.contractsfinder.service.gov.uk/Notice/363d5789-fb44-4de9-8d61-00d5ce6a1e2f
1) redacted commercial agreement;
2) list of successful suppliers.
A full list of successful bidders across all lots is available on contracts finder: https://www.contractsfinder.service.gov.uk/Notice/Attachment/240913
VI.4) Procedures for review
VI.4.1) Review body
The Minister for the Cabinet Office acting through Crown Commercial Service
9th Floor, The Capital, Old Hall Street
Liverpool
L3 9PP
UK
Telephone: +44 3450103503
E-mail: supplier@crowncommercial.gov.uk
VI.5) Date of dispatch of this notice
18/05/2020