Section one: Contracting authority
one.1) Name and addresses
FAIR4ALL FINANCE LIMITED
2nd Floor 28 Commercial Street
London
E16LS
Contact
Gary Stephens
procurement@fair4allfinance.org.uk
Country
United Kingdom
Region code
UKI42 - Tower Hamlets
Companies House
11810533
Internet address(es)
Main address
https://fair4allfinance.org.uk/
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://gbsprocure.marketdojo.com/users/current_opportunities
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://gbsprocure.marketdojo.com/users/current_opportunities
Tenders or requests to participate must be submitted to the above-mentioned address
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
Investment Management Solution
Reference number
ID531
two.1.2) Main CPV code
- 72212411 - Investment management software development services
two.1.3) Type of contract
Services
two.1.4) Short description
Fair4All Finance is seeking an Investment Management Solution. The requirements cover the installation and ongoing management of the solution.
The ideal Investment Management System (IMS) will be a robust and scalable platform designed specifically to meet the unique needs of organisations engaged in social impact investment. It will offer a comprehensive suite of features and functionalities tailored to support the end-to-end lifecycle of social impact investments, including loans, interest-bearing equity, dividend-bearing equity, grants, guarantees, and impact measurement.
Full details are enclosed within the procurement documents on Market Dojo.
two.1.5) Estimated total value
Value excluding VAT: £210,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKI4 - Inner London – East
two.2.4) Description of the procurement
Fair4All Finance is a not-for-profit organisation founded in early 2019 to increase the financial wellbeing of people in vulnerable circumstances by increasing access to fair, affordable, and appropriate financial products, and services in England. We have three main priority areas:
• Expanding provision of affordable credit through a scaled community finance sector
• Partnering with banks and financial service providers to support the delivery of products and services for customers in vulnerable circumstances
• Developing and scaling products and services to address market gaps
We deliver our mission through making social impact investments into community finance organisations. You can find out more about our strategy here.
The Fair4All Finance investment team is managing a portfolio of social investments (debt, equity, quasi-equity, and grants) in affordable credit providers, with significant anticipated growth through 2024 and into 2025.
The team is now seeking an affordable solution that will allow the Investment Team to make sound and effective investment decisions and to facilitate clear and accurate monitoring and reporting across the portfolio to both internal and external stakeholders. Data critical to supporting this portfolio is currently managed using Excel based tables.
A successful solution will have:
• Comprehensive functionality to support the execution and evaluation of social impact investments
• Flexibility to adapt to our ways of working and reporting requirements
• Excellent user experience, training, and vendor support to ensure usability across all of Fair4All Finance
There will be circa 20 users of the solution within Fair4All Finance who will be managing up to 200 investments over the next five years.
The estimated budget for this solution is between £200k - £250k plus VAT over the next five years, which will include initial purchase costs, implementation and annual maintenance fees.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
60
This contract is subject to renewal
Yes
Description of renewals
Please see Tender Documents
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
Please see Tender Documents
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
List and brief description of selection criteria
Please see Tender Documents
three.2) Conditions related to the contract
three.2.2) Contract performance conditions
Please see Tender Documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
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
5 September 2024
Local time
5:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.7) Conditions for opening of tenders
Date
6 September 2024
Local time
9:00am
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
Royal Courts of Justice
Strand
London
WC2A 2LL
Country
United Kingdom