Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Financing Of Rolling Stock

Northern Trains Limited

This public procurement record has 1 release in its history.

Tender

17 Dec 2021 at 14:12

Tender Notice
Summary of the contracting process

The procurement process titled "Financing of Rolling Stock" is currently active and initiated by Northern Trains Limited, a major provider of rail services in the UK. The procurement falls under the financial leasing services category and has a total budget of £140 million. The tender period is open until 19 January 2022, with key milestones including the invitation to negotiate scheduled for 25 February 2022 and the bid submission deadline set for 28 March 2022. This procurement aims to secure financing for up to 20 Class 195 hybrid multiple units to enhance operational capacity across the Northern rail network.

This tender presents a significant opportunity for businesses engaged in financial services, particularly those experienced in financing railway rolling stock. Companies with strong qualifications in the operating lease financing of passenger or commercial rolling stock, especially those who have managed transactions exceeding £100 million, would be particularly well-positioned to participate. The successful bidder will play a crucial role in supporting Northern Trains Limited's commitment to modernising public transport services, thereby enhancing their prospects for future contracts in a growing sector.

How relevant is this notice?

Notice Information

Notice Title

Financing Of Rolling Stock

Notice Description

This procurement is to provide Northern Trains Limited (Northern) with financing for the acquisition of 20 Class 195 hybrid multiple units.Suppliers who wish to make an expression of interest should notify Northern of their intention by using In-Tend system, or if this is not possible by email to phil.denson@northernrailway.co.uk.Suppliers will be issued with a Memorandum of Information (MOI) detailing a high-level summary of the proposed scope and a summary of the procurement process. In addition, suppliers will be issued with a Pre Qualification Questionnaire (PQQ) that Northern will use to determine their suitability for this procurement.

Lot Information

Lot 1

Northern Trains Limited (Northern) provides 2,800 local and regional train services every day across the north of England, serving a population of nearly 15 million. There are now 108 million passenger journeys made on our network each year and we employ over 6,500 people. This makes Northern the second largest train operator in the UK. Since 2016 we have been modernising to improve our customers' experience by:* removing Pacer trains* introducing 101 brand new trains* providing more than 2,000 extra services each week* enhancing depots* improving infrastructure through gauge clearances and lengthening platforms* improving ticketing and retailingFrom 1 March 2020 we came under public ownership and became Northern Trains Limited, asubsidiary of the Department for Transport's own agency, DfT OLR Holdings (DOHL). We continue to trade under the name of Northern. In light of our obligations under Utility Contract Regulations (UCR) 2016 we are looking to procure the financing of up to 20 Class 195 Hybrid Trains For use on our network.Suppliers who wish Suppliers who wish to make an expression of interest should notify Northern of their intention by using the In-Tend Systemor if that is not possibleby email to phil.denson@northernrailway.co.uk.Suppliers will be issued with a Memorandum of Information (MOI) detailing a high-level summary of the proposed scope and a summary of the procurement process. In addition suppliers will be issued with a Pre Qualification Questionnaire (PQQ) that Northern will use to determine their suitability for this procurement.Suppliers should note that the expected procurement timetable is as follows:- Registration of interest, completed pre-qualification questionnaire, and confidentiality agreement deadline - 14/02/22- Invitation to Negotiate issued - 25/02/22- Bid submission deadline - 28/03/22

Renewal: The OLA will have an initial term of either a 10, 15 or 20 year initial term with the opportunity to extend this agreement for a subsequent term.Additional information regarding the initial term and any extension is provided in the procurement documents.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0302f9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031618-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66114000 - Financial leasing services

Notice Value(s)

Tender Value
£140,000,000 £100M-£1B
Lots Value
£140,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Dec 20214 years ago
Submission Deadline
19 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Northern Trains Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 9AE
Postcode Area
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
TLC North East (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...