Section one: Contracting authority
one.1) Name and addresses
Coventry City Council
Council House, Earl Street
Coventry
CV1 5RR
Contact
Procurement Services
procurement.services@coventry.gov.uk
Country
United Kingdom
NUTS code
UKG33 - Coventry
Internet address(es)
Main address
Buyer's address
https://in-tendhost.co.uk/csw-jets
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://in-tendhost.co.uk/csw-jets
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://in-tendhost.co.uk/csw-jets
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
COV - Financial Advisors Framework 2021
Reference number
COV - 10275
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
Coventry City Council (CCC) is keen to focus on commercialisation with the aim of reducing it’s resource burden;-Investing capital to realise sustainable, long term revenue;-Creating value from existing Council assets by creating or expanding traded services; and-Doing more with less, by adopting a commercial approach to core service delivery.The Council has been proactive over the last 3 years in creating such opportunities and is exploring a number of further projects and initiatives.Further projects and initiatives will be explored with service colleagues during 2021, with an aspiration for an additional 5 ‘big ticket’ projects to be identified and progressed through the feasibility stages.The scope of the necessary input for financial advisors will vary by project, and by the stage of the project and the Council is looking to appoint 2 suppliers to work with it via a framework arrangement over the next 4 years.
two.1.5) Estimated total value
Value excluding VAT: £3,000,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66171000 - Financial consultancy services
two.2.3) Place of performance
NUTS codes
- UKG33 - Coventry
Main site or place of performance
Coventry
two.2.4) Description of the procurement
A competitive with negotiation procedure to establish a single lot framework with 2 suppliers for Financial Advisory Services.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £3,000,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
Yes
Description of renewals
The Council may have an ongoing need for Financial Advisory services at the end of this 4 year term, although this is not guaranteed.
two.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
Maximum number: 5
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive procedure with negotiation
four.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
Framework agreement with several operators
Envisaged maximum number of participants to the framework agreement: 2
In the case of framework agreements, provide justification for any duration exceeding 4 years:
N/A
four.1.4) Information about reduction of the number of solutions or tenders during negotiation or dialogue
Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated
four.1.5) Information about negotiation
The contracting authority reserves the right to award the contract on the basis of the initial tenders without conducting negotiations
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
22 April 2021
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
Estimated timing for further notices to be published: ahead of 4 year expiry
six.2) Information about electronic workflows
Electronic invoicing will be accepted
six.4) Procedures for review
six.4.1) Review body
Coventry City Council Procurement and Commisisoning
Coventry
CV1 2GN
Country
United Kingdom