Award

600000

UK RESEARCH & INNOVATION (UKRI)

This public procurement record has 2 releases in its history.

Award

25 Nov 2022 at 09:53

Tender

30 Jun 2022 at 15:00

Summary of the contracting process

The UK Research & Innovation (UKRI) has recently concluded the procurement process for the provision of Administration and Legal Services. The procurement involved the framework agreement for the supply of services in the legal sector, specifically focusing on legal and administrational services. The contracting process, initiated as a tender, aimed to appoint multiple suppliers for two distinct lots: Administrational Services and Legal Services. The submission deadline for bids was Friday, 5th August 2022 at 14:00. The awarded contracts, with values listed in GBP currency, were signed on 10th October 2022. The primary buying organisation was UKRI, based in Swindon, UK.

This tender opportunity presents significant business growth potential for legal and administrational service providers in the UK. Companies offering legal advisory, administration, liquidation, and insolvency services are well-suited to compete for the contracts awarded under this framework. The competitive criteria for the contract award were based on a combination of price and quality factors, providing opportunities for both large and small service providers. The procurement method employed was an open procedure, allowing a diverse range of suppliers to participate in the bidding process. Interested parties could submit their bids electronically via the specified Jaggaer eSourcing Portal link.

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Notice Title

600000

Notice Description

600000

Lot Information

Administrational Services

Lot 1 - Administrator Having detailed the requirement above for IUKL to have a process in place by which they can appoint an administrator in accordance with the loan agreement if required there are some other key points to consider. The requirement is for Innovate UK Loans Limited to have the ability to appoint their own administrator in cases where a company may be entering distress/default and solicitors when legal work is required. Due to nature of this work, it is difficult to determine the volumes of administration cases that will materialise in the coming months and years. This appointment needs to be made rapidly in a matter of days rather than weeks. These key responsibilities and outputs included, but are not limited to: - Administration, Planning and Statutory Matters - Reviewing appointment and all statutory documents. - Assessing the work needed for the particular case and ensuring that adequate resources are available and ensuring that the appropriate assistance from other professionals, is obtained. - Preparing and issuing all progress reports, including receipts and payments accounts, and providing creditors with a suitable analysis of time costs accrued. - Undertaking file reviews and ensuring compliance with statutory deadlines. - Managing general administrative matters. - Investigations - Undertaking a review of the conduct of the director(s) and reporting thereon. - Reviewing the affairs, trading and transactions of the company, In order to comply with the requirements laid on the Liquidator by statute and by the appropriate Statement of Insolvency Practice Issued by the Association of Business Recovery professionals. - An examination of the company's records and transactions, particularly over the two-year period preceding liquidation. - Raising enquiries with the director(s) in relation to transactions from the Company's bank account and seeking responses to those enquiries. - Reviewing the Company's financial transactions, including those with associated parties. - Investigating matters raised by creditors where appropriate. Considering whether any action can be taken under the provisions of the Insolvency Act. - Realisation of Assets - Appointing and Liaising with Agents in respect to the sale of the Company's intellectual property. - Generally doing all things to dispose of the company's assets in order to maximise the position as regards creditors. - Trading - Post appointment trading (if required) - Creditors - Attending the meeting of creditors. - Receiving and recording all creditor claims. - Liaising with the redundancy payments office in respect of the claims of the employees and submitted forms RP.14 and RP 14a. Reviewing the claims of those employees and calculating any preferential distribution that may be due. - Reviewing the terms of the Security lodged by Innovate UK Loans Limited. Updates with the creditor concerning and distribution that may be due under that security. - Reviewing the realisations received in respect of any amounts which may become due under the prescribed part, where applicable. - Adjudication of creditor claims should a distribution become payable to unsecured creditors. - Reviewing realisations to date in comparison to creditor claims and the costs and expenses of the liquidation and issuing notice of no dividend/ notice of dividend to creditors. - Dealing with all creditor correspondence via letter, fax, email and telephone. - Case Specific Matters - Dealing with statutory and regulatory matters. - Preparing the final return and reporting to the Registrar. - Ensuring the orderly closedown and dissolution of the Company after the distribution to creditors. - Reviewing matters specific to this company which were identified post liquidation and dealing with those matters in an appropriate manner.

Renewal: The initial framework will be for 2 years with the option to extend on an annual basis (2+1+1)

Legal Services

Lot 2 - Legal Services At any time, Innovate UK may need to call on legal advice and assistance, on average within a year, it is likely that Innovate UK would need to use these services around 10 times for various things to do with the portfolio, which include, but not limited to, the following: - drafting, review of loan documentation and (where necessary) registration of security documentation. - drafting new legal documentation - registration and release of security/ charges - loan restructuring related actions and documentation - general legal advice and guidance as and when required - Advice on the establishment of special purpose investment vehicles - Assurance on compliance with subsidy control regimes around the design and implementation of financial programmes for research and development funding activities The portfolio is growing year by year and therefore it is likely that there would be an increase in the need for these services whether it be reviewing loan documents when a new competition is open or assisting with administration cases.

Renewal: The initial framework will be for 2 years with the option to extend on an annual basis (2+1+1)

Lot Lot 1 - Administrational Services

Lot 1 - Administrator Having detailed the requirement above for IUKL to have a process in place by which they can appoint an administrator in accordance with the loan agreement if required there are some other key points to consider. The requirement is for Innovate UK Loans Limited to have the ability to appoint their own administrator in cases where a company may be entering distress/default and solicitors when legal work is required. Due to nature of this work, it is difficult to determine the volumes of administration cases that will materialise in the coming months and years. This appointment needs to be made rapidly in a matter of days rather than weeks. These key responsibilities and outputs included, but are not limited to: - Administration, Planning and Statutory Matters - Reviewing appointment and all statutory documents. - Assessing the work needed for the particular case and ensuring that adequate resources are available and ensuring that the appropriate assistance from other professionals, is obtained. - Preparing and issuing all progress reports, including receipts and payments accounts, and providing creditors with a suitable analysis of time costs accrued. - Undertaking file reviews and ensuring compliance with statutory deadlines. - Managing general administrative matters. - Investigations - Undertaking a review of the conduct of the director(s) and reporting thereon. - Reviewing the affairs, trading and transactions of the company, In order to comply with the requirements laid on the Liquidator by statute and by the appropriate Statement of Insolvency Practice Issued by the Association of Business Recovery professionals. - An examination of the company's records and transactions, particularly over the two-year period preceding liquidation. - Raising enquiries with the director(s) in relation to transactions from the Company's bank account and seeking responses to those enquiries. - Reviewing the Company's financial transactions, including those with associated parties. - Investigating matters raised by creditors where appropriate. Considering whether any action can be taken under the provisions of the Insolvency Act. - Realisation of Assets - Appointing and Liaising with Agents in respect to the sale of the Company's intellectual property. - Generally doing all things to dispose of the company's assets in order to maximise the position as regards creditors. - Trading - Post appointment trading (if required) - Creditors - Attending the meeting of creditors. - Receiving and recording all creditor claims. - Liaising with the redundancy payments office in respect of the claims of the employees and submitted forms RP.14 and RP 14a. Reviewing the claims of those employees and calculating any preferential distribution that may be due. - Reviewing the terms of the Security lodged by Innovate UK Loans Limited. Updates with the creditor concerning and distribution that may be due under that security. - Reviewing the realisations received in respect of any amounts which may become due under the prescribed part, where applicable. - Adjudication of creditor claims should a distribution become payable to unsecured creditors. - Reviewing realisations to date in comparison to creditor claims and the costs and expenses of the liquidation and issuing notice of no dividend/ notice of dividend to creditors. - Dealing with all creditor correspondence via letter, fax, email and telephone. - Case Specific Matters - Dealing with statutory and regulatory matters. - Preparing the final return and reporting to the Registrar. - Ensuring the orderly closedown and dissolution of the Company after the distribution to creditors. - Reviewing matters specific to this company which were identified post liquidation and dealing with those matters in an appropriate manner.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034ca9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033449-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£600,010 £500K-£1M

Notice Dates

Publication Date
25 Nov 20223 years ago
Submission Deadline
5 Aug 2022Expired
Future Notice Date
Not specified
Award Date
9 Oct 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Active, Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
UK RESEARCH & INNOVATION (UKRI)
Contact Name
Kerry Hart
Contact Email
coreservices@uksbs.co.uk, professionalservices@uksbs.co.uk
Contact Phone
+44 1793867465

Buyer Location

Locality
SWINDON
Postcode
SN2 1FS
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
8
Supplier Names

ASHFORDS

BRODIES

EVERSHEDS SUTHERLAND (INTERNATIONAL

FRP ADVISORY TRADING

MENZIES

MILLS & REEVE

PRICEWATERHOUSECOOPERS

WARD HADAWAY

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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