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
Telephone
+44 7940519544
Country
United Kingdom
Region code
UKI42 - Tower Hamlets
Companies House
11810533
Internet address(es)
Main address
https://fair4allfinance.org.uk/
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
Special Purpose Vehicle and Implementation Support
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
Fair4All Finance were seeking provider(s) who could create and support the design and implementation of appropriate special purpose vehicles where it works with providers to achieve its mission through the provision of capital for various activities.
two.1.6) Information about lots
This contract is divided into lots: Yes
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £30,000
two.2) Description
two.2.1) Title
Lot 1 - Blue prints
Lot No
1
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
SPV Strategic considerations. When to use an SPV - To accompany the SPV blue print work below we need to see the high level rationale for where the use of this SPV is appropriate - what it achieves and what it cannot eg it may also be appropriate to consider what aspects of our social imperative can be achieved through the SPV and where wider obligations may be more appropriate, eg our Affordable Credit Code of Good Practice may be something we seek to have the entire organisation adopt, not just function within the SPV. This should address where not using an SPV but addressing the interplay between our capital and existing investors is aptly covered in an inter creditor agreement, and where this is not desirable.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: Yes
Description of options
The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.
two.2) Description
two.2.1) Title
Lot 2a - Implementation - Legal Advisor
Lot No
2
two.2.2) Additional CPV code(s)
- 79100000 - Legal services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Fair4All Finance required the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) (Lot 1) which will also articulate the required permissions (if any) needed for each party:
Lot 2 a: Legal advisor to draft appropriate services contracts, set up the entity and articles etc and to incorporate the detailed arrangements to achieve Fair4All Finance's social purpose set out in the blueprint.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: Yes
Description of options
Contracts may be extended based on whether further appropriate special purpose vehicles are agreed. The term may be extended where bidders can set out clear discounts for multiple
year engagements and multiple SPV operations.
two.2) Description
two.2.1) Title
Lot2b - Implementation - Managing Agent
Lot No
3
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Fair4All Finance required the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) above which will also articulate the required permissions (if any) needed for each party:
• Lot 2 b: Managing agent to oversee the operation of each instance of the SPV that is deployed.
Other relevant CPV codes for Lot 2b include:
1. Corporate finance and venture capital services.
2. Financial consultancy, financial transaction processing and clearing-house services.
3. Investment banking services and related services.
4. Legal
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: Yes
Description of options
The agreement can be extended at Fair4All Finance's discretion based on the special purpose vehicles being deployed, which are an unknown at this stage. The term may be extended where bidders can set out clear discounts for multiple year engagements and
multiple SPV operations.
two.2) Description
two.2.1) Title
Lot 2c - Implementation - Fail over lender/provider
Lot No
4
two.2.2) Additional CPV code(s)
- 66113000 - Credit granting services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
We require the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) above which will also articulate the required permissions (if any) needed for each party:
• Lot 2 c: Fail over lender / provider - organisation ready to step in to operate the work covered under the SPV as and when needed.
Other relevant CPV codes for Lot 2c include:
1. Financial and insurance services
2. Financial consultancy, financial transaction processing and clearing-house service
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: Yes
Description of options
The agreement can be extended dependent on whether a fail over/lender is required to step in to operate the work covered under an SPV as required. This is unknown at this stage. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.
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: No
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2023/S 000-013172
Section five. Award of contract
Lot No
1
Title
Lot 1 - Blue prints 1
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
31 August 2023
five.2.2) Information about tenders
Number of tenders received: 2
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Dentons UK and Middle East LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC322045
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £30,000
Section five. Award of contract
Lot No
2a
Title
Lot 2a - Implementation - Legal Advisor
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
31 August 2023
five.2.2) Information about tenders
Number of tenders received: 3
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Dentons UK and Middle East LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC322045
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £25,000
Total value of the contract/lot: £25,000
Section six. Complementary information
six.3) Additional information
Contracts were not awarded under Lots 2b & 2c
six.4) Procedures for review
six.4.1) Review body
Royal Courts of Justice
London
WC2A 2LL
Country
United Kingdom