--- title: "Scottish Investment Bank - Support Services Framework" ocid: "ocds-r6ebe6-0000516538" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000516538" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000516538.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000516538.json" source: "Public Contracts Scotland" current_stage: "Award" buyer: "SCOTTISH ENTERPRISE" published: "2018-03-26" --- # Scottish Investment Bank - Support Services Framework Buyer: SCOTTISH ENTERPRISE Current stage: Award OCID: ocds-r6ebe6-0000516538 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000516538) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000516538.json) ## Summary 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. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR314833 | | 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 | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 26 Mar 2018 | | Submission deadline | 5 Jan 2018 | | Future notice date | Not specified | | Award date | 22 Feb 2018 | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £400,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | SCOTTISH ENTERPRISE | | Locality | GLASGOW | | Post town | Glasgow | | Postcode | G2 6HQ | | Country | Scotland | | ITL 1 | TLM Scotland | | ITL 2 | TLM3 West Central Scotland | | ITL 3 | TLM32 Glasgow City | | Local authority | Glasgow City | | Electoral ward | Anderston/City/Yorkhill | | Westminster constituency | Glasgow North | | Delivery location | TLM Scotland | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79400000 - Business and management consultancy and related services - 79412000 - Financial management consultancy services ## Release History - 26 Mar 2018 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR314833 - 20 Nov 2017 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV301790 ## Documents - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV301790&idx=1 22nd November 2017 - European Single Procurement Document (ESPD) - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV301790&idx=2 22nd November 2017 - P18-0061 SIB Support Services Framework - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV301790&idx=3 22nd November 2017 - P18-0061 SIB Support Services Framework ESPD - 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. ## Notice URLs - http:// - http://www.publiccontractsscotland.gov.uk - http://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=515394 - http://www.scottish-enterprise.com/ - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000516538 - https://www.scottish-enterprise.com/help/contact-us ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000516538. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000516538.json.