DfE - Invest NI - Management of Co-Fund I, II and III

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    "date": "2024-09-25T16:21:24+01:00",
    "ocid": "ocds-h6vhtk-048a2e",
    "description": "The successful contractor's performance on the contract will be regularly monitored in line with the tender documentation. Contractors.. not delivering on contract requirements is a serious matter. It means the public purse is not getting what it is paying for. If a contractor.. fails to reach satisfactory levels of contract performance they will be given a specified time to improve. If, after the specified time, they still.. fail to reach satisfactory levels of contract performance, the matter will be escalated to senior management in CPD for further action. If.. this occurs and their performance still does not improve to satisfactory levels within the specified period, it may be regarded as an act of.. grave professional misconduct and they may be issued with a Notice of Unsatisfactory Performance and the contract may be terminated... The issue of a Notice of Unsatisfactory Performance can result in the Contractor being excluded from all procurement competitions.. being undertaken by Centres of Procurement Expertise on behalf of bodies covered by the Northern Ireland Procurement Policy for a.. period of three years from the date of issue.. . The Authority expressly reserves the rights:. . (I). not to award any contract as a result of. the. procurement process commenced by publication of this notice;. (II). to make whatever changes it may see fit to the content and. structure. of the tendering Competition;. (III). to award (a) contract(s) in respect of any part(s) of the [services] covered by this notice; and.. (IV). to. award contract(s) in stages.. . and in no circumstances will the Authority be liable for any costs incurred by candidates",
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        "id": "5163499",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
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        "title": "DfE - Invest NI - Management of Co-Fund I, II and III",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "mainProcurementCategory": "services",
        "description": "Invest NI is seeking to appoint a fund manager to manage and deliver CIF III for a ten-year period with an option to extend for four periods of one year each. The initial ten-year term is split into a five year investment period, followed by a five year follow on and exit period. A legal contract, by way of a Limited Partnership Agreement (\"LPA\") and a Management Services Agreement (\"MSA\"), will govern the ten-year contract to deliver CIF III and a draft LPA and MSA will be included in the tender documents.",
        "value": {
            "amount": 9685000,
            "currency": "GBP"
        },
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                "description": "Invest NI is seeking to appoint a fund manager to manage and deliver CIF III for a ten-year period with an option to extend for four periods of one year each. The initial ten-year term is split into a five year investment period, followed by a five year follow on and exit period. A legal contract, by way of a Limited Partnership Agreement (\"LPA\") and a Management Services Agreement (\"MSA\"), will govern the ten-year contract to deliver CIF III and a draft LPA and MSA will be included in the tender documents. Additional information: The figure indicated in Section II 1.7 represents an estimated contract value. This value reflects the potential scale of the contract and takes into account potential optional extension periods and the uptake of potential optional services as detailed in the tender documents. This figure does not however take into account the application of indexation. Neither CPD nor the Authority can provide any guarantee as to the level of business under this contract. The Contracting Authority does not bind itself to accept the lowest or any tender. Economic Operators remain responsible for all costs and expenses incurred by them or by any third party acting under instructions from the Economic Operator in connection with taking part in this procurement process regardless of whether such costs arise as a consequence, directly or indirectly of any amendments made to the procurement documents by the Contracting Authority at any time. No legally binding contract shall arise and an Economic Operator shall. have no legitimate expectation that a contract will be entered into until such time as entry into the Contract has been confirmed by the. Contracting Authority. Economic Operators should note that all dates, time periods and figures in relation to values and volumes specified. in this notice and the procurement documents are approximate only and the Contracting Authority reserves the right to change any or all oft hem.",
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                    "durationInDays": 3600
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                    "description": "the option to extend for 4 further periods of 1 year each."
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                        {
                            "name": "Personnel Recruitment",
                            "type": "quality",
                            "description": "4.6"
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                        {
                            "name": "Personnel Experience of Executive 1, 2 and 3",
                            "type": "quality",
                            "description": "15"
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                        {
                            "name": "Management of CIF III",
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                            "description": "12.4"
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                        {
                            "name": "Marketing Strategy Development",
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                            "description": "7.5"
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                        {
                            "name": "Venture Capital Development, Links to Private Investors Business Angel Development",
                            "type": "quality",
                            "description": "9.1"
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                            "description": "3.2"
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                "endDate": "2024-12-11T23:59:59Z"
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        "awardPeriod": {
            "startDate": "2024-09-12T15:30:00+01:00"
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        "bidOpening": {
            "date": "2024-09-12T15:30:00+01:00"
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        "hasRecurrence": false,
        "reviewDetails": "CPD will comply with the Public Contracts Regulations 2015 and, where. appropriate, will incorporate a standstill period (i.e. a minimum of 10 calendar days) at the point information on the award of Framework. Agreement is communicated to tenderers. That notification will provide full information on the award decision. This provides time for the. unsuccessful tenderers to challenge the award decision before the framework Agreement is entered into."
    },
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            "id": "GB-FTS-49631",
            "name": "Invest Northern Ireland",
            "identifier": {
                "legalName": "Invest Northern Ireland"
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                "streetAddress": "1 Bedford St",
                "locality": "BELFAST",
                "region": "UK",
                "postalCode": "BT2 7ES",
                "countryName": "United Kingdom"
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                        "id": "04",
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            "name": "The UK does not have any such bodies with responsibility for appeal/mediation procedures. Instead; any challenges are dealt with by the High Court, Commercial Division, to which proceedings may be issued regarding alleged breaches of the PCR 2015 as amended",
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            "identifier": {
                "legalName": "CLARENDON FUND MANAGERS LIMITED"
            },
            "address": {
                "streetAddress": "8th Floor City Exchange 11-13 Gloucester Street",
                "locality": "BELFAST",
                "region": "UK",
                "postalCode": "BT1 4LS",
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                "email": "n.simms@clarendon-fm.co.uk"
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            "title": "INVEST NI: CO INVESTMENT FUND III (CIF III)",
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