Notice Information
Notice Title
The Provision of Legal Services to the Teesside Flexible Investment Fund
Notice Description
Teesside Flexible Investment Fund The Teesside Flexible Investment Fund ("TFIF") is a GBP20m fund established in April 2024 with financial support from the Teesside Pension Fund to facilitate the delivery of business succession and property development projects in Teesside that support economic growth and create employment. The fund can also facilitate the delivery of contracts, although this is outside of the scope of this procurement. The fund can provide funding from GBP250,000 to GBP3,000,000 over a maximum five (5) year term. 2.4 FWC as Fund Managers of the TFIF, are seeking to appoint an experienced legal panel on a call off basis to be utilised as and when required to support the role out of the fund. Further information can be obtained from the Invitation to Tender
Lot Information
Lot 1
Requirements for the contract include: Firms must have a physical presence in Tees Valley; - Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of succession investments including but not limited to: - Equity, equity option and loan agreements & associated documents. - Debentures. - Legal charges. - Deeds Of Priority and Intercreditor Agreements. - Personal and corporate guarantees. - Articles of Association and Shareholder Agreements. - Service Agreements. - Transfer of IP and other assets, assignment of contracts. - Share transfers. - Companies House documentation. - Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of property development investments including but not limited to: - Legal charges over land and property. - Report on Title. - Build Contracts. - Collateral Warranties. - Leases, pre-sale, and pre-let agreements. - Firms must be able to demonstrate they have sufficient resources in place to deliver the Services in a timely manner and that they represent good value for money for the Services delivered. - Firms must be able to demonstrate how they can add value to the Fund Manager in the delivery of the TFIF over its lifetime. Further information can be found within the Invitation to Tender.
Renewal: The panel will be in place for an initial two (2) years with the option for FWC to make up to four (4) further extensions of twenty four (24) months each.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-045435
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/002284-2025
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large, SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79100000 - Legal services
79111000 - Legal advisory services
79140000 - Legal advisory and information services
Notice Value(s)
- Tender Value
- £310,000 £100K-£500K
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £300,000 £100K-£500K
Notice Dates
- Publication Date
- 22 Jan 20251 years ago
- Submission Deadline
- 24 May 2024Expired
- Future Notice Date
- Not specified
- Award Date
- 1 Jul 20241 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- DEVELOPMENT BANK OF WALES
- Contact Name
- Not specified
- Contact Email
- procurement@developmentbank.wales
- Contact Phone
- +44 02920338100
Buyer Location
- Locality
- CARDIFF
- Postcode
- CF10 4BZ
- Post Town
- Cardiff
- Country
- Wales
-
- Major Region (ITL 1)
- TLL Wales
- Basic Region (ITL 2)
- TLL5 South East Wales
- Small Region (ITL 3)
- TLL52 Cardiff and Vale of Glamorgan
- Delivery Location
- TLC1 Tees Valley and Durham
-
- Local Authority
- Cardiff
- Electoral Ward
- Butetown
- Westminster Constituency
- Cardiff South and Penarth
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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