Section one: Contracting authority
one.1) Name and addresses
Kent County Council
County Hall
Maidstone
ME14 1XQ
Contact
Miss Molly Roast
Telephone
+44 3000414141
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
Buyer's address
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
SC230178 - Investment, Financial Due Diligence Support Services
Reference number
DN690183
two.1.2) Main CPV code
- 79412000 - Financial management consultancy services
two.1.3) Type of contract
Services
two.1.4) Short description
Kent County Council (KCC) has awarded a contract to provide independent financial appraisal reports to support the investment decisions of the KCC managed business investment schemes.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Lowest offer: £100,000 / Highest offer: £250,000 taken into consideration
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The key requirements of the Service are as follows:
a) to attend to 2-3 monthly decision meetings on request;
b) to prepare at the full application stage for each eligible applicant of the KCC managed business investment schemes, a financial appraisal report. This report should contain business and financial analysis of the investment proposal and be submitted via KCC to the monthly decision meetings;
c) to prepare at the debt recovery stage for existing loan recipients of KCC managed business investment schemes, a financial appraisal report. This report should contain business and financial analysis of the current financial position of the business to assist in the understanding of the current financial position of a company. This report to be submitted via KCC to the monthly decision meeting;
d) Each financial appraisal report should include a range of information to assist the monthly decision-making meeting make its Recommendations i.e., to Partially Fund/Fully Fund/Reject/Defer, suggest conditions, repayment schedule and security (if funding was to be offered);
e) there may be an ad-hoc requirement for follow-up independent appraisal work connected with the KCC managed business investment schemes.
Most of this work can be undertaken remotely but attendance at designated Investment Advisory Board (IAB) or Subgroup (SG) meetings and the Debt Recovery Group meeting are also a requirement for the contractor.
The contract may be extended for a further period of up to 24 months.
two.2.5) Award criteria
Cost criterion - Name: Price is not the only award criterion and all criteria are stated only in the procurement documents / Weighting: 100
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
Restricted 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: 2023/S 000-027518
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
22 November 2023
five.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
FSE C.I.C
First Floor Linea House, Harvest Crescent
Fleet, England
GU51 2UZ
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)
Lowest offer: £10,000 / Highest offer: £250,000 taken into consideration
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Kent County Council
Kent
Country
United Kingdom