Award

Legal Services to support the Shipbuilding Credit Guarantee Scheme (SCGS)

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

04 Mar 2024 at 10:32

Summary of the contracting process

The Department for International Trade has awarded a contract for legal services to support the Shipbuilding Credit Guarantee Scheme (SCGS). The contract, valued at £135,000 GBP, was awarded to Dentons UK and Middle East LLP. The procurement method used was selective, with a call-off from a framework agreement. The contract period started on February 6, 2024, and ends on March 19, 2024. The tender period ended on February 5, 2024. The services fall under the industry category of legal services and were located in various regions including the United Kingdom and Europe.

This tender presents an opportunity for law firms specialising in legal services related to ship finance and secured transactions to grow their business. Firms with expertise in developing finance documentation, particularly in the context of credit guarantee schemes, would be well-suited to compete. As legal advice and documentation play a crucial role in finance and guarantee schemes like SCGS, businesses with experience in this area have the potential to offer valuable services to the Department for International Trade in this project.

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Notice Title

Legal Services to support the Shipbuilding Credit Guarantee Scheme (SCGS)

Notice Description

The supplier will be required to commit to the following. - Advising on the creation of and producing template documentation for the purpose of the Shipbuilding Credit Guarantee Scheme based on UKEF's Standard Buyer Loan Guarantee product by incorporating (i) provisions relevant to ship finance secured transactions (including but not limited to ship finance security specific provisions) and (ii) scheme specific requirements including (but not limited to) 80/20 split, premium normally being payable from loan interest (as per Export Development Guarantee Facilities Agreement). - Advising on and producing a pre and post-delivery secured ship finance template facilities agreement (long-form facility agreement) in line with shipping market practice and a template DBT guarantee to be used in the delivery of the UK government's Shipbuilding Credit Guarantee Scheme (SCGS). Both the template facility agreement and the template guarantee will be based on the UK Export Finance (UKEF) Development Guarantee documentation which includes UKEF specific policy requirements.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e3bb18ac-28e5-4973-aa35-f3c93f844ccf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/efc7adec-9e6c-4a68-9dde-7abd5f5df68d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£135,000 £100K-£500K
Lots Value
Not specified
Awards Value
£135,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Mar 20241 years ago
Submission Deadline
5 Feb 2024Expired
Future Notice Date
Not specified
Award Date
6 Feb 20242 years ago
Contract Period
6 Feb 2024 - 19 Mar 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Department for Business and Trade
Contact Email
buyinglegalservices@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

DENTONS UK AND MIDDLE EAST

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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