{ "tag": [ "compiled" ], "id": "ocds-h6vhtk-045435-2025-01-22T16:20:11Z", "date": "2025-01-22T16:20:11Z", "ocid": "ocds-h6vhtk-045435", "description": "(WA Ref:147570)", "initiationType": "tender", "tender": { "id": "DBW00072", "legalBasis": { "id": "32014L0024", "scheme": "CELEX" }, "title": "The Provision of Legal Services to the Teesside Flexible Investment Fund", "status": "complete", "classification": { "scheme": "CPV", "id": "79100000", "description": "Legal services" }, "mainProcurementCategory": "services", "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", "value": { "amount": 310000, "currency": "GBP" }, "lots": [ { "id": "1", "description": "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.", "awardCriteria": { "criteria": [ { "name": "Project Team and Relevant Experience", "type": "quality", "description": "14" }, { "name": "Delivery of the Services", "type": "quality", "description": "16" }, { "name": "Key Issues, Risks and Challenges", "type": "quality", "description": "5" }, { "name": "Conflicts of Interest", "type": "quality", "description": "5%" }, { "name": "Added Value", "type": "quality", "description": "10%" }, { "name": "Presentation", "type": "quality", "description": "25" }, { "type": "price", "description": "25" } ] }, "contractPeriod": { "durationInDays": 720 }, "hasRenewal": true, "renewal": { "description": "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." }, "submissionTerms": { "variantPolicy": "notAllowed" }, "hasOptions": false, "status": "cancelled" } ], "items": [ { "id": "1", "additionalClassifications": [ { "scheme": "CPV", "id": "79100000", "description": "Legal services" }, { "scheme": "CPV", "id": "79111000", "description": "Legal advisory services" }, { "scheme": "CPV", "id": "79140000", "description": "Legal advisory and information services" } ], "deliveryAddresses": [ { "region": "UKC1" }, { "region": "UKC1" }, { "region": "UKC1" } ], "relatedLot": "1" } ], "submissionMethod": [ "electronicSubmission" ], "submissionMethodDetails": "https://etenderwales.bravosolution.co.uk/web/login.shtml", "selectionCriteria": { "criteria": [ { "type": "suitability", "description": "Please refer to the Invitation to Tender.", "appliesTo": [ "supplier" ] }, { "type": "technical", "description": "Execution of the service is reserved to a particular profession" } ] }, "documents": [ { "id": "economic", "documentType": "economicSelectionCriteria" }, { "id": "technical", "documentType": "technicalSelectionCriteria" } ], "contractTerms": { "performanceTerms": "Please refer to the Invitation to Tender and associated contract." }, "otherRequirements": { "requiresStaffNamesAndQualifications": true }, "procurementMethod": "open", "procurementMethodDetails": "Open procedure", "coveredBy": [ "GPA" ], "tenderPeriod": { "endDate": "2024-05-24T12:00:00+01:00" }, "submissionTerms": { "languages": [ "en" ], "bidValidityPeriod": { "durationInDays": 90 } }, "awardPeriod": { "startDate": "2024-05-24T12:00:00+01:00" }, "bidOpening": { "date": "2024-05-24T12:00:00+01:00" }, "hasRecurrence": false }, "parties": [ { "id": "GB-FTS-101464", "name": "Development Bank of Wales", "identifier": { "legalName": "Development Bank of Wales" }, "address": { "streetAddress": "1 Capital Quarter Tyndall Street", "locality": "Cardiff", "region": "UKL", "postalCode": "CF10 4BZ", "countryName": "United Kingdom" }, "contactPoint": { "telephone": "+44 02920338100", "email": "procurement@developmentbank.wales", "faxNumber": "+44 2920338101", "url": "https://etenderwales.bravosolution.co.uk" }, "roles": [ "buyer", "centralPurchasingBody" ], "details": { "url": "https://fwcapital.co.uk", "buyerProfile": "https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0555", "classifications": [ { "scheme": "TED_CA_TYPE", "id": "BODY_PUBLIC", "description": "Body governed by public law" }, { "scheme": "COFOG", "id": "04", "description": "Economic affairs" } ] } }, { "id": "GB-FTS-111", "name": "High Court", "identifier": { "legalName": "High Court" }, "address": { "streetAddress": "Royal Courts of Justice, The Strand", "locality": "London", "postalCode": "WC2A 2LL", "countryName": "United Kingdom" }, "contactPoint": { "telephone": "+44 2079477501" }, "roles": [ "reviewBody" ] }, { "id": "GB-FTS-130203", "name": "Muckle LLP", "identifier": { "legalName": "Muckle LLP" }, "address": { "streetAddress": "Time Central, 32 Gallowgate", "locality": "Newcastle upon Tyne", "region": "UKC2", "postalCode": "NE14BF", "countryName": "United 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