Adminstration of Investment Readiness Fund, Ref No: BIG001-0476.
Contract award notice
Services
Section I: Contracting authority
I.1)Name, addresses and contact point(s)
Big Lottery Fund
1 Plough Place
For the attention of: Joanne Bye
EC4A 1DE London
UNITED KINGDOM
Telephone: +44 1913761929
E-mail:
Internet address(es):
General address of the contracting authority: http://www.biglotteryfund.org.uk
Electronic access to information: http://www.biglotteryfund.org.uk/index/about-uk/procurement_portal.htm
I.2)Type of the contracting authority
Body governed by public law
I.3)Main activity
Other: Grant awarding body
I.4)Contract award on behalf of other contracting authorities
The contracting authority is purchasing on behalf of other contracting authorities: no
Section II: Object of the contract
II.1)Description
II.1.1)Title attributed to the contract
Adminstration of Investment Readiness Fund, Ref No: BIG001-0476.
II.1.2)Type of contract and location of works, place of delivery or of performance
Services
Service category No 27: Other services
Main site or location of works, place of delivery or of performance: UK.
Service category No 27: Other services
Main site or location of works, place of delivery or of performance: UK.
NUTS code UK
II.1.3)Information about a framework agreement or a dynamic purchasing system (DPS)
II.1.4)Short description of the contract or purchase(s)
The Big Lottery Fund ("BIG") is seeking an experienced grant making organisation to develop, manage and administer its Investment Readiness Fund across England. Approximately GBP 10m will be administered under this Fund during the initial contract term with the potential for a further GBP 10m to be administered if the contract is extended by the Fund. The successful contractor may also be required to administer part of the Fund as repayable loans. The estimated value of the Contract for the Initial term is up to GBP 1.3m including VAT and expenses to meet all Fund requirements specified in this ITT.
As part of the Contract the successful bidder will be required to undertake educational and engagement activities around social investment and the Investment Readiness Fund with potential applicants, potential social investors and other key stakeholders. The contractor will also provide support services to potential grant applicants including setting up a menu of support providers to assess the capability of applicants to obtain new forms of investment (diagnostic services), identify skills gaps and provide advice on areas for improvement. The contractor must have excellent customer relationship management processes in place and established internal grant administration systems. Strong IT capability is also essential as the contractor will be required to design web based tools as part of this Contract. The contractor will also be required to provide an independent evaluation of the programme. The initial term of the Contract is estimated to be 6.5 years.
The Fund reserves the right to extend the initial term and instruct the successful contractor to provide additional similar services for a further period of 3 years.
The Fund reserves the right to extend the Contract for further additional similar services beyond England and in excess of those stated in the ITT as a minimum required during the Initial or extended term of the Contract and so the Fund is reserving the right to extend the services and contract value to include all or some of the following:
Possible extension to include the administration of further funding up to GBP 10m by extending the scheme to organisations looking for investment of more than GBP 500k.
Possible extension to include the administration of further funding of up to GBP 5m by expanding the IRF to include other countries within the United Kingdom.
If all these extension options are taken up by the Fund the maximum potential value of the Contract will be GBP 4.1m including VAT and expenses.
As part of the Contract the successful bidder will be required to undertake educational and engagement activities around social investment and the Investment Readiness Fund with potential applicants, potential social investors and other key stakeholders. The contractor will also provide support services to potential grant applicants including setting up a menu of support providers to assess the capability of applicants to obtain new forms of investment (diagnostic services), identify skills gaps and provide advice on areas for improvement. The contractor must have excellent customer relationship management processes in place and established internal grant administration systems. Strong IT capability is also essential as the contractor will be required to design web based tools as part of this Contract. The contractor will also be required to provide an independent evaluation of the programme. The initial term of the Contract is estimated to be 6.5 years.
The Fund reserves the right to extend the initial term and instruct the successful contractor to provide additional similar services for a further period of 3 years.
The Fund reserves the right to extend the Contract for further additional similar services beyond England and in excess of those stated in the ITT as a minimum required during the Initial or extended term of the Contract and so the Fund is reserving the right to extend the services and contract value to include all or some of the following:
Possible extension to include the administration of further funding up to GBP 10m by extending the scheme to organisations looking for investment of more than GBP 500k.
Possible extension to include the administration of further funding of up to GBP 5m by expanding the IRF to include other countries within the United Kingdom.
If all these extension options are taken up by the Fund the maximum potential value of the Contract will be GBP 4.1m including VAT and expenses.
II.1.5)Common procurement vocabulary (CPV)
73000000, 79420000, 75100000
II.1.6)Information about Government Procurement Agreement (GPA)
The contract is covered by the Government Procurement Agreement (GPA): yes
II.2)Total final value of contract(s)
II.2.1)Total final value of contract(s)
Value: 989 575 GBP
Including VAT. VAT rate (%) 20
Including VAT. VAT rate (%) 20
Section IV: Procedure
IV.1)Type of procedure
IV.1.1)Type of procedure
Open
IV.2)Award criteria
IV.2.1)Award criteria
The most economically advantageous tender in terms of
1. Quality criteria (%). Weighting 70
2. Price criteria (%). Weighting 30
1. Quality criteria (%). Weighting 70
2. Price criteria (%). Weighting 30
IV.2.2)Information about electronic auction
An electronic auction has been used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority
BIG001-0476
IV.3.2)Previous publication(s) concerning the same contract
Contract notice
Notice number in the OJEU: 2013/S 175-302432 of 10.9.2013
Section V: Award of contract
Contract No: BIG001-0476 Lot title: Administration of Investment Readiness FundV.1)Date of contract award decision:
8.11.2013
V.2)Information about offers
Number of offers received: 2
Number of offers received by electronic means: 2
Number of offers received by electronic means: 2
V.3)Name and address of economic operator in favour of whom the contract award decision has been taken
The Adventure Capital Fund Ltd
WC1H 8AG London
UNITED KINGDOM
V.4)Information on value of contract
Initial estimated total value of the contract:
Value: 1 000 000 GBP
Including VAT. VAT rate (%) 20
Total final value of the contract:
Value: 989 575 GBP
Including VAT. VAT rate (%) 20
Value: 1 000 000 GBP
Including VAT. VAT rate (%) 20
Total final value of the contract:
Value: 989 575 GBP
Including VAT. VAT rate (%) 20
V.5)Information about subcontracting
The contract is likely to be sub-contracted: yes
Value or proportion of the contract likely to be sub-contracted to third parties:
Not known
Value or proportion of the contract likely to be sub-contracted to third parties:
Not known
Section VI: Complementary information
VI.1)Information about European Union funds
The contract is related to a project and/or programme financed by European Union funds: no
VI.2)Additional information:
VI.3)Procedures for appeal
VI.3.1)Body responsible for appeal procedures
The High Court, The Royal Courts of Justice
WC4A 2LL London
UNITED KINGDOM
Telephone: +44 207946000
VI.3.2)Lodging of appeals
VI.3.3)Service from which information about the lodging of appeals may be obtained
VI.4)Date of dispatch of this notice:
21.1.2014