Section one: Contracting authority
one.1) Name and addresses
Scottish National Investment Bank
1-North, Waverley Gate, 2-4 Waterloo Place
Edinburgh
EH1 3EG
Telephone
+44 7776549095
Country
United Kingdom
NUTS code
UKM75 - Edinburgh, City of
Internet address(es)
Main address
Buyer's address
https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA30487
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Due Diligence Framework Agreement Lot 2 - Model Audit
two.1.2) Main CPV code
- 79400000 - Business and management consultancy and related services
two.1.3) Type of contract
Services
two.1.4) Short description
We are a mission-led development investment bank for Scotland, wholly owned by the Scottish Ministers on behalf of the people of Scotland. We have been established to operate commercially and are operationally independent from government. We invest in Scottish business, projects, and communities to deliver environment, social and financial returns for the people of Scotland. Our missions are at the heart of everything that we do. You can find out more about the Bank and our missions at our website www.thebank.scot.
The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required.
The requirements are split into four Lots:
Lot 1 - Financial Diligence
Lot 2 – Model Audit
Lot 3 – Tax diligence
Lot 4 – Company Valuations
This particular Contract notice and tender exercise relates to Lot 2 - Model Audit.
Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, all published on the same date.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £500,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66171000 - Financial consultancy services
- 66120000 - Investment banking services and related services
- 79212100 - Financial auditing services
two.2.3) Place of performance
NUTS codes
- UKM - Scotland
two.2.4) Description of the procurement
The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required.
The requirements are split into four Lots:
Lot 1 - Financial Diligence
Lot 2 – Model Audit
Lot 3 – Tax diligence
Lot 4 – Company Valuations
This particular tender exercise relates to Lot 2 - Model Audit.
Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, which were all published on the same date with.
two.2.5) Award criteria
Quality criterion - Name: Delivery Methodology / Weighting: 30
Quality criterion - Name: Management Methodology / Weighting: 20
Quality criterion - Name: Management & Delivery Team / Weighting: 20
Price - Weighting: 30
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 four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
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.2.1) Previous publication concerning this procedure
Notice number: 2023/S 000-031766
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
1 March 2024
five.2.2) Information about tenders
Number of tenders received: 13
Number of tenders received from SMEs: 3
Number of tenders received from tenderers from other EU Member States: 13
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 13
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
CubeLynx Limited
38 York Road
Northwood Hills
HA6 1JL
Telephone
+44 7986174682
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
Yes
five.2.3) Name and address of the contractor
Henderson Loggie LLP
The Vision Building, 2 Greenmarket
Dundee
DD1 4QB
Telephone
+44 7795826008
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
Yes
five.2.3) Name and address of the contractor
Azets
Exchange Place, , 3 Semple St,
Edinburgh
EH3 8BL
Telephone
+44 7584772261
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.3) Name and address of the contractor
Steer
14 - 21 Rushworth St
London
SE1 0RB
Telephone
+44 2079105161
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.3) Name and address of the contractor
Grant Thornton UK LLP
30 Finsbury Square
London
EC2A 1AG
Telephone
+44 2077283311
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £500,000
Section six. Complementary information
six.3) Additional information
(SC Ref:761689)
six.4) Procedures for review
six.4.1) Review body
Edinburgh Sheriff Court
Edinburgh
Country
United Kingdom