Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
British Business Bank
Steel City House, Steel City House, 2 West Street
Sheffield
S1 2GQ
UK
Contact person: Procurement
Telephone: +44 1142127877
E-mail: Procurement@british-business-bank.co.uk
NUTS: UK
Internet address(es)
Main address: www.british-business-bank.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
BBB Structured Finance Legal Services Panel
II.1.2) Main CPV code
79100000
II.1.3) Type of contract
Services
II.1.4) Short description
British Business Bank ("BBB") undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
4 000 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM
II.2.4) Description of the procurement
1.Overview British Business Bank ("BBB") are undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions. 2.Introduction BBB is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBB's mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UK's business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd ("BBFSL") administers certain programmes on behalf of HM Government. British Business Investments Limited ("BBI") is part of the BBB's commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this framework procurement for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. 3.Nature of Services (a)The procurement exercise welcomed Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable, foreign law advice or 'issue spotting' (noting that any contracts to be entered into by the Buyers will be governed by English law); (vi)tax law advice; (vii)general transaction management; and (viii)advice relating to disputes, litigation, investigations and other contentious matters. 4.Procurement Process This procurement was conducted via the Delta e-tendering platform. The Framework Agreement will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, guaranteed volumes of work cannot be provided and the values outlined are anticipated only.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70
Cost criterion: Cost
/ 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.1.8) 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:
2023/S 000-035624
Section V: Award of contract
Contract No: LG - P-2134
Title: Structured Finance Legal Services Framework
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
22/03/2024
V.2.2) Information about tenders
Number of tenders received: 27
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 27
Number of tenders received by electronic means: 27
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Ashurst LLP
OC330252
London Fruit & Wool Exchange, 1 Duval Square
London
E1 6PW
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Baker & McKenzie LLP
OC311297
280 Bishopsgate
London
EC2M 4RB
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Burges Salmon LLP
OC307212
One Glass Wharf
Bristol
BS2 0ZX
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Clifford Chance LLP
OC323571
10 Upper Bank Street
London
E14 5JJ
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Dentons UK and Middle East LLP
OC322045
One Fleet Place
London
EC4M 7WS
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Duane Morris LLP
OE002066
30 South 17th Street, Philadelphia
Pennsylvania
19103
US
NUTS: US
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hogan Lovells International LLP
OC323639
Atlantic House, Holborn Viaduct
London
EC1A 2FG
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Norton Rose Fulbright LLP
OC328697
3 More London Riverside
London
SE1 2AQ
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Simmons & Simmons LLP
OC352713
Citypoint, One Ropemaker Street
London
EC2Y 9SS
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Slaughter and May
NA
One Bunhill Row
London
EC1Y 8YY
UK
NUTS: UK
The contractor is an SME:
No
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:
: 4 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Contract No: LG-P-2134
Title: Structured Finance Legal Services Framework
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
22/03/2024
V.2.2) Information about tenders
Number of tenders received: 27
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 27
Number of tenders received by electronic means: 27
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
TLT LLP
OC308658
One Redcliff Street
Bristol
BS1 6TP
UK
NUTS: UK
The contractor is an SME:
No
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:
: 4 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=853612037
GO Reference: GO-2024510-PRO-26008816
VI.4) Procedures for review
VI.4.1) Review body
British Business Bank
Sheffield
S1 2GQ
UK
VI.4.2) Body responsible for mediation procedures
British Business Bank
Sheffield
S1 2GQ
UK
Telephone: +44 1142062134
VI.4.4) Service from which information about the review procedure may be obtained
British Business Bank
Sheffield
UK
VI.5) Date of dispatch of this notice
10/05/2024