Award

Scottish Investment Bank - Support Services Framework

SCOTTISH ENTERPRISE

This public procurement record has 2 releases in its history.

Award

26 Mar 2018 at 00:00

Tender

20 Nov 2017 at 00:00

Summary of the contracting process

Scottish Enterprise is conducting a tender process for the "Scottish Investment Bank - Support Services Framework" to establish a framework of highly qualified specialists who can provide expert support for various projects involving the Scottish Investment Bank (SIB). The procurement is currently in the active stage, with bids closing on 5 January 2018. The services will be delivered across Scotland, including the Highlands & Islands. This procurement follows an open procedure and is categorized under services, reflecting SIB's need for swift access to market expertise to complete time-sensitive activities efficiently.

This tender presents exciting opportunities for businesses that specialise in financial and investment management services, particularly those experienced in corporate finance and evaluation. Companies that provide consultancy services, financial diligence, or investment strategies will be well-positioned to compete for these contracts. The framework will not only aid in SIB's project execution but will also enable successful bidders to establish long-term relationships with a key public sector entity, thus fostering potential growth and collaboration opportunities within the Scottish market.

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Notice Title

Scottish Investment Bank - Support Services Framework

Notice Description

Scottish Enterprise ("SE") is seeking to establish a support services framework of suitably qualified and experienced specialists to carry out specific projects across a range of activities in which the Scottish Investment Bank ("SIB") is engaged. SIB has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the SIB team in the delivery of time-critical activities across all areas of the business. Successful delivery of SIB's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the SIB team has immediate access to specialist expertise as and when required. If subcontracting please provide a separate ESPD response (Sections A and B of this Part and Part III) for each subcontractor.

Lot Information

Investment Management

This lot will cover a range of different investment management interventions across all areas of SIB. These will include, but not be limited to: - Undertaking a high-level 'health-check' on investee company's performance, including assessment of the financial performance of the business, the markets in which it operates, the business model, the competitive position of the business and product, service and supply chain and assessment of the customer proposition and the sales pipeline; - Review of investee company board performance including an assessment of the structure and profile of the board, the relationship between individual board members and the board and the management team, the strengths and weaknesses in the board/ management team and the ability to meet the company's strategy taking into account wider factors including the culture, communication and decision making ethos within the company; - Review of an investee company's corporate governance structure, including board/ management and investor reporting, assessment of internal information and management systems and assessment of adherence to the company's constitutional documents, including the articles of association and investment agreement; - Strategic input to SE on investee companies that are significantly behind plan and the options available to the investors; - Strategic input to SE on investee companies that are in distress (including a review of going concern issues) and the options open to SE, as public sector investors, to support the company; - High-level assessment of an investee company's exit strategy and exit readiness, identifying any strengths and weaknesses that need to be address to better position the company for exit including an assessment of different exit scenarios.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: This contract will be 3 years with an option to extend for 12 months. The estimated value detailed includes the one year optional extension.

Investor & Financial Diligence

This lot will cover a range of different accounting and corporate finance interventions across all areas of SIB. These will include, but not be limited to: - For new and existing investee companies, an assessment of financial forecasts (P&L, balance sheet, cashflow) and the assumptions underlying them and an assessment of whether these are considered realistic and achieveable; - For new and existing investee companies, a review of the short, medium and longer-term financial and fundraising strategy, identifying potential and appropriate sources of future third-party funding (equity, debt, grant funding) and the capacity of current/existing investors to support the company; - For new and existing investee companies, a review of business plan/ model and an assessment of the key risks underpinning any case for new or further investment from SE; - For new investment propositions, broad level commercial and financial diligence, including, but not limited to, review of historical financial performance, product market fit, the business model (including the pricing model), the competitive positioning of the business and its product/ service, an assessment of the company's service and supply chains and sales and customer pipeline. - Assessment of the investment terms for new and follow-on funding, including consideration of the deal structure (taking into account in preferential terms) and the advantages and disadvantages from a commercial perspective of SE investing and not investing and an assessment of the different returns under different exit scenarios/ valuations; - Undertaking a high level assessment of company valuations and the assumptions underpinning those valuations with commentary on whether the valuation and assumptions are reasonable;. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: This contract will be 3 years with an option to extend for 12 months. The estimated value detailed includes the one year optional extension.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000516538
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR314833
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79400000 - Business and management consultancy and related services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Mar 20187 years ago
Submission Deadline
5 Jan 2018Expired
Future Notice Date
Not specified
Award Date
22 Feb 20188 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SCOTTISH ENTERPRISE
Contact Name
Lesley Reid
Contact Email
lesley.reid@scotent.co.uk
Contact Phone
+44 8456078787

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV301790
    Scottish Investment Bank - Support Services Framework - Scottish Enterprise ("SE") is seeking to establish a support services framework of suitably qualified and experienced specialists to carry out specific projects across a range of activities in which the Scottish Investment Bank ("SIB") is engaged. SIB has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the SIB team in the delivery of time-critical activities across all areas of the business. Successful delivery of SIB's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the SIB team has immediate access to specialist expertise as and when required. If subcontracting please provide a separate ESPD response (Sections A and B of this Part and Part III) for each subcontractor.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR314833
    Scottish Investment Bank - Support Services Framework - Scottish Enterprise ("SE") is seeking to establish a support services framework of suitably qualified and experienced specialists to carry out specific projects across a range of activities in which the Scottish Investment Bank ("SIB") is engaged. SIB has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the SIB team in the delivery of time-critical activities across all areas of the business. Successful delivery of SIB's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the SIB team has immediate access to specialist expertise as and when required. If subcontracting please provide a separate ESPD response (Sections A and B of this Part and Part III) for each subcontractor.

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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