Section one: Contracting authority
one.1) Name and addresses
Invest Northern Ireland
Bedford Square, 1 Bedford St,
BELFAST
BT2 7ES
Contact
SSDAdmin.CPDfinance-ni.gov.uk
SSDAdmin.CPD@finance-ni.gov.uk
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
https://etendersni.gov.uk/epps
Buyer's address
https://etendersni.gov.uk/epps
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
DfE - Invest NI Small Business Loan Fund III
Reference number
5160293
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
Invest NI is seeking to appoint a fund manager to manage and deliver NISBLF III on behalf of Invest NI for a ten-year period with an option to extend for two periods of 1 year, if required at the end of the fund, to exit from the loan book in an orderly fashion.
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: £2,700,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66100000 - Banking and investment services
- 66113100 - Micro-credit granting services
- 66113000 - Credit granting services
two.2.3) Place of performance
NUTS codes
- UKN - Northern Ireland
two.2.4) Description of the procurement
Invest NI is seeking to appoint a fund manager to manage and deliver NISBLF III on behalf of Invest NI for a ten-year period with an option to extend for two periods of 1 year, if required at the end of the fund, to exit from the loan book in an orderly fashion.
two.2.5) Award criteria
Quality criterion - Name: Personnel Recruitment / Weighting: 4.55
Quality criterion - Name: Personnel Experience of Executive 1 / Weighting: 5.85
Quality criterion - Name: Personnel Experience if Executive 2 / Weighting: 5.85
Quality criterion - Name: Management of NISBLF II / Weighting: 13.4
Quality criterion - Name: Marketing Strategy Development / Weighting: 9.75
Quality criterion - Name: Maximising Returns to Limited Partners / Weighting: 6.5
Quality criterion - Name: Engagement with Invest NI / Weighting: 4.55
Quality criterion - Name: Governance / Weighting: 4.55
Quality criterion - Name: Social Value / Weighting: 10
Cost criterion - Name: First Bonus Share Percentage / Weighting: 7
Cost criterion - Name: Combined Core Cost / Weighting: 28
two.2.11) Information about options
Options: Yes
Description of options
option to extend for two periods of 1 year
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2.14) Additional information
The figure indicated in Section II 1.5 represents an estimated contract value. This value reflects thepotential scale of the contract and takes into account potential optional extension periods and the uptake of potential optional servicesas detailed in the tender documents. This figure does not however take into account the application of indexation. Neither CPD nor theAuthority can provide any guarantee as to the level of business under this contract. The Contracting Authority does not bind itself toaccept the lowest or any tender. Economic Operators remain responsible for all costs and expenses incurred by them or by any thirdparty acting under instructions from the Economic Operator in connection with taking part in this procurement process regardlessof whether such costs arise as a consequence, directly or indirectly of any amendments made to the procurement documents by theContracting Authority at any time. No legally binding contract shall arise and an Economic Operator shall. have no legitimate expectationthat a contract will be entered into until such time as entry into the Contract has been confirmed by the. Contracting Authority. EconomicOperators should note that all dates, time periods and figures in relation to values and volumes specified. in this notice and theprocurement documents are approximate only and the Contracting Authority reserves the right to change any or all of them.
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.2.1) Previous publication concerning this procedure
Notice number: 2024/S 000-019749
Section five. Award of contract
Contract No
1
Title
DfE - Invest NI Small Business Loan Fund III
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
17 September 2024
five.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 1
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
ULSTER COMMUNITY FINANCE LTD.
13-19 Linenhall Street
BELFAST
BT2 8AA
barryconnolly@communityfinanceireland.com
Country
United Kingdom
NUTS code
- UK - United Kingdom
Internet address
https://etendersni.gov.uk/epps
The contractor is an SME
Yes
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £2,700,000
Total value of the contract/lot: £2,700,000
Section six. Complementary information
six.3) Additional information
The successful contractor’s performance on the contract will be regularly monitored in line with the tender documentation. Contractors. not delivering on contract requirements is a serious matter. It means the public purse is not getting what it is paying for. If a contractor. fails to reach satisfactory levels of contract performance they will be given a specified time to improve. If, after the specified time, they still. fail to reach satisfactory levels of contract performance, the matter will be escalated to senior management in CPD for further action. If. this occurs and their performance still does not improve to satisfactory levels within the specified period, it may be regarded as an act of. grave professional misconduct and they may be issued with a Notice of Unsatisfactory Performance and the contract may be terminated.. The issue of a Notice of Unsatisfactory Performance can result in the Contractor being excluded from all procurement competitions. being undertaken by Centres of Procurement Expertise on behalf of bodies covered by the Northern Ireland Procurement Policy for a. period of three years from the date of issue.. . The Authority expressly reserves the rights:. . (I). not to award any contract as a result of the. procurement process commenced by publication of this notice;. (II). to make whatever changes it may see fit to the content and structure. of the tendering Competition;. (III). to award (a) contract(s) in respect of any part(s) of the [services] covered by this notice; and. (IV). to. award contract(s) in stages.. . and in no circumstances will the Authority be liable for any costs incurred by candidates
six.4) Procedures for review
six.4.1) Review body
The UK does not have any such bodies with responsibility for appeal/mediation procedures. Instead; any challenges are dealt with by the High Court, Commercial Division, to which proceedings may be issued regarding alleged breaches of the PCR 2015 as amended.
belfast
Country
United Kingdom