Contract notice
Section I: Contracting
authority
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: commercialservices@ppf.co.uk
NUTS: UK
Internet address(es)
Main address: www.ppf.co.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://ppf.bravosolution.co.uk/web/login.html
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://ppf.bravosolution.co.uk/web/login.html
Tenders or requests to participate must be sent to the abovementioned address
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
Restructuring & Pre-Insolvency Services (RPIS) Framework
II.1.2) Main CPV code
66520000
II.1.3) Type of contract
Services
II.1.4) Short description
The Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee.
II.1.5) Estimated total value
Value excluding VAT:
2 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
The full restructuring & pre-insolvency services are detailed in Annex 6 - RPIS Framework Specification and Appendix 1 - RPIS Service Schedule.
Services include:
Evaluating employer financial strength
Assessing options to include both solvent/consensual restructuring options as well as relevant formal insolvency processes
Advising scheme trustees on appropriate and proportionate ongoing monitoring of the sponsor covenant
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
2 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 48
This contract is subject to renewal: Yes
Description of renewals:
The Framework Agreements will be awarded for an initial period of two (2) years. The Framework Agreement may be extended on the same terms and conditions at the Board’s option for a further period or periods not exceeding four (4) years in total (2+1+1).
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
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 with several operators.
Envisaged maximum number of participants to the framework agreement: 10
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
04/11/2024
Local time: 13:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 6 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
04/11/2024
Local time: 13:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
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
VI.4.2) Body responsible for mediation procedures
The Board of the Pension Protection Fund
Croydon
UK
E-mail: commercial.services@ppf.co.uk
VI.5) Date of dispatch of this notice
30/09/2024