Section one: Contracting authority
one.1) Name and addresses
Univeristy of Edinburgh
Charles Stewart House, 9-16 Chambers Street
Edinburgh
EH1 1HT
Contact
Gordon Whittaker
Telephone
+44 1316502759
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=AA00107
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Education
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Smart Data Foundry Corporate Advisor
Reference number
NCA21268
two.1.2) Main CPV code
- 66122000 - Corporate finance and venture capital services
two.1.3) Type of contract
Services
two.1.4) Short description
Smart Data Foundry require support of the Corporate Advisor to help prepare the sale of the business and to evaluate the market for potential acquirer's. The Corporate Advisor would then work in partnership with the appointed Legal Advisors to complete the sale transaction and the successful sale of a part of the business.
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: £97,000
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKM75 - Edinburgh, City of
two.2.4) Description of the procurement
Smart Data Foundry require support of the Corporate Advisor to help prepare the sale of the business and to evaluate the market for potential acquirer's. The Corporate Advisor would then work in partnership with the appointed Legal Advisors to complete the sale transaction of part of the business.
The total value would only be payable if the sale is successful and all initial work is under the Procurement Scotland regulations 2015.
two.2.5) Award criteria
Price
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
Award of a contract without prior publication of a call for competition in the cases listed below
- The services can be provided only by a particular economic operator for the following reason:
- absence of competition for technical reasons
Explanation:
Only one supplier met the requirement of Corporate Advisor support to help prepare the sale of the business and to evaluate the market for potential acquirer's with imperative deadline that the sale transaction is completed before prior the end of the calendar year.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
Section five. Award of contract
Contract No
NCA21268
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
30 July 2024
five.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from other EU Member States: 1
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 1
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Anderson Anderson Brown
9 Queens Road, Aberdeen
Aberdeen
AB15 4YL
Telephone
+44 1313576666
Country
United Kingdom
NUTS code
- UKM75 - Edinburgh, City of
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £97,000
Section six. Complementary information
six.3) Additional information
This will be payable on an instalment basis as follows: GBP 27,000 for market search of acquirer's
A final success fee of GBP 50,000 payable only the successful completion of the transaction.
(SC Ref:774353)
six.4) Procedures for review
six.4.1) Review body
Edinburgh Sherriff Court
27 Chamber Street
Edinburgh
EH1
Country
United Kingdom