British Business Bank Plc has published this notice through Delta eSourcing
| Notice Summary |
|---|
| Title: | BBB Structured Finance Legal Services Panel |
| Notice type: | Contract Award Notice |
| Authority: | British Business Bank Plc |
| Nature of contract: | Services |
| Procedure: | Open |
| Short Description: | British Business Bank ("BBB") undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions. |
| Published: | 10/05/2024 09:16 |
View Full Notice
UK-Sheffield: Legal services.
Section I: Contracting Authority
I.1) Name, Addresses and Contact Point(s):
British Business Bank
Steel City House, Steel City House, 2 West Street, Sheffield, S1 2GQ, United Kingdom
Tel. +44 1142127877, Email: Procurement@british-business-bank.co.uk
Contact: Procurement
Main Address: www.british-business-bank.co.uk
NUTS Code: UK
I.2) Joint procurement:
The contract involves joint procurement: No
In the case of joint procurement involving different countries, state applicable national procurement law: Not Provided
The contract is awarded by a central purchasing body: No
I.4)Type of the contracting authority:
Body governed by public law
I.5) Main activity:
Economic and financial affairs
Section II: Object Of The Contract
II.1) Scope of the procurement
II.1.1) Title: BBB Structured Finance Legal Services Panel
Reference number: Not Provided
II.1.2) Main CPV code:
79100000 - Legal services.
II.1.3) Type of contract: SERVICES
II.1.4) Short description: British Business Bank ("BBB") undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions.
II.1.6) Information about lots
This contract is divided into lots: No
II.1.7) Total value of the procurement (excluding VAT)
Value: 4,000,000
Currency:GBP
II.2) Description
II.2.2) Additional CPV code(s):
Not Provided
II.2.3) Place of performance
Nuts code:
UK - UNITED KINGDOM
Main site or place of performance:
UNITED KINGDOM
II.2.4) Description of the procurement: 1.Overview British Business Bank ("BBB") are undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions. 2.Introduction BBB is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBB's mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UK's business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd ("BBFSL") administers certain programmes on behalf of HM Government. British Business Investments Limited ("BBI") is part of the BBB's commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this framework procurement for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. 3.Nature of Services (a)The procurement exercise welcomed Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable, foreign law advice or 'issue spotting' (noting that any contracts to be entered into by the Buyers will be governed by English law); (vi)tax law advice; (vii)general transaction management; and (viii)advice relating to disputes, litigation, investigations and other contentious matters. 4.Procurement Process This procurement was conducted via the Delta e-tendering platform. The Framework Agreement will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, guaranteed volumes of work cannot be provided and the values outlined are anticipated only.
II.2.5) Award criteria:
Quality criterion - Name: Quality / Weighting: 70
Cost criterion - Name: Cost / Weighting: 30
II.2.11) Information about options
Options: No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds: No
II.2.14) Additional information: Not Provided
Section IV: Procedure
IV.1) Description
IV.1.1)Type of procedure: Open
IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement: Yes
IV.1.6) Information about electronic auction
An electronic auction has been used: No
IV.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJEU: 2023/S 000-035624
IV.2.9) Information about termination of call for competition in the form of a prior information notice
The contracting authority will not award any further contracts based on the above prior information notice: No
Section V: Award of contract
Award Of Contract (No.1)
Contract No: LG - P-2134
Lot Number: Not Provided
Title: Structured Finance Legal Services Framework
A contract/lot is awarded: Yes
V.2) Award of contract
V.2.1) Date of conclusion of the contract: 22/03/2024
V.2.2) Information about tenders
Number of tenders received: 27
Number of tenders received from SMEs: 0 (SME - as defined in Commission Recommendation 2003/361/EC)
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 27
Number of tenders received by electronic means: 27
V.2.3) Name and address of the contractor
The contract has been awarded to a group of economic operators: Yes
Contractor (No.1)
Ashurst LLP, OC330252
London Fruit & Wool Exchange, 1 Duval Square, London, E1 6PW, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.2)
Baker & McKenzie LLP, OC311297
280 Bishopsgate, London, EC2M 4RB, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.3)
Burges Salmon LLP, OC307212
One Glass Wharf, Bristol, BS2 0ZX, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.4)
Clifford Chance LLP, OC323571
10 Upper Bank Street, London, E14 5JJ, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.5)
Dentons UK and Middle East LLP, OC322045
One Fleet Place, London, EC4M 7WS, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.6)
Duane Morris LLP, OE002066
30 South 17th Street, Philadelphia, Pennsylvania, 19103, United States
NUTS Code: US
The contractor is an SME: No
Contractor (No.7)
Hogan Lovells International LLP, OC323639
Atlantic House, Holborn Viaduct, London, EC1A 2FG, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.8)
Norton Rose Fulbright LLP, OC328697
3 More London Riverside, London, SE1 2AQ, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.9)
Simmons & Simmons LLP, OC352713
Citypoint, One Ropemaker Street, London, EC2Y 9SS, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.10)
Slaughter and May, NA
One Bunhill Row, London, EC1Y 8YY, United Kingdom
NUTS Code: UK
The contractor is an SME: No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 4,000,000
Total value of the contract/lot: 4,000,000
Currency: GBP
V.2.5) Information about subcontracting
The contract is likely to be subcontracted: No
Award Of Contract (No.2)
Contract No: LG-P-2134
Lot Number: Not Provided
Title: Structured Finance Legal Services Framework
A contract/lot is awarded: Yes
V.2) Award of contract
V.2.1) Date of conclusion of the contract: 22/03/2024
V.2.2) Information about tenders
Number of tenders received: 27
Number of tenders received from SMEs: 0 (SME - as defined in Commission Recommendation 2003/361/EC)
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 27
Number of tenders received by electronic means: 27
V.2.3) Name and address of the contractor
The contract has been awarded to a group of economic operators: No
Contractor (No.1)
TLT LLP, OC308658
One Redcliff Street, Bristol, BS1 6TP, United Kingdom
NUTS Code: UK
The contractor is an SME: No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 4,000,000
Total value of the contract/lot: 4,000,000
Currency: GBP
V.2.5) Information about subcontracting
The contract is likely to be subcontracted: No
Section VI: Complementary information
VI.3) Additional information: To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=853612037
VI.4) Procedures for review
VI.4.1) Review body
British Business Bank
Sheffield, S1 2GQ, United Kingdom
VI.4.2) Body responsible for mediation procedures
British Business Bank
Sheffield, S1 2GQ, United Kingdom
Tel. +44 1142062134
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures: Not Provided
VI.4.4) Service from which information about the review procedure may be obtained
British Business Bank
Sheffield, United Kingdom
VI.5) Date of dispatch of this notice: 10/05/2024
Section I: Contracting Authority
I.1) Name, Addresses and Contact Point(s):
British Business Bank
Steel City House, Steel City House, 2 West Street, Sheffield, S1 2GQ, United Kingdom
Tel. +44 1142127877, Email: Procurement@british-business-bank.co.uk
Contact: Procurement
Main Address: www.british-business-bank.co.uk
NUTS Code: UK
I.2) Joint procurement:
The contract involves joint procurement: No
In the case of joint procurement involving different countries, state applicable national procurement law: Not Provided
The contract is awarded by a central purchasing body: No
I.4)Type of the contracting authority:
Body governed by public law
I.5) Main activity:
Economic and financial affairs
Section II: Object Of The Contract
II.1) Scope of the procurement
II.1.1) Title: BBB Structured Finance Legal Services Panel
Reference number: Not Provided
II.1.2) Main CPV code:
79100000 - Legal services.
II.1.3) Type of contract: SERVICES
II.1.4) Short description: British Business Bank ("BBB") undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions.
II.1.6) Information about lots
This contract is divided into lots: No
II.1.7) Total value of the procurement (excluding VAT)
Value: 4,000,000
Currency:GBP
II.2) Description
II.2.2) Additional CPV code(s):
Not Provided
II.2.3) Place of performance
Nuts code:
UK - UNITED KINGDOM
Main site or place of performance:
UNITED KINGDOM
II.2.4) Description of the procurement: 1.Overview British Business Bank ("BBB") are undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions. 2.Introduction BBB is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBB's mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UK's business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd ("BBFSL") administers certain programmes on behalf of HM Government. British Business Investments Limited ("BBI") is part of the BBB's commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this framework procurement for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. 3.Nature of Services (a)The procurement exercise welcomed Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable, foreign law advice or 'issue spotting' (noting that any contracts to be entered into by the Buyers will be governed by English law); (vi)tax law advice; (vii)general transaction management; and (viii)advice relating to disputes, litigation, investigations and other contentious matters. 4.Procurement Process This procurement was conducted via the Delta e-tendering platform. The Framework Agreement will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, guaranteed volumes of work cannot be provided and the values outlined are anticipated only.
II.2.5) Award criteria:
Quality criterion - Name: Quality / Weighting: 70
Cost criterion - Name: Cost / Weighting: 30
II.2.11) Information about options
Options: No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds: No
II.2.14) Additional information: Not Provided
Section IV: Procedure
IV.1) Description
IV.1.1)Type of procedure: Open
IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement: Yes
IV.1.6) Information about electronic auction
An electronic auction has been used: No
IV.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJEU: 2023/S 000-035624
IV.2.9) Information about termination of call for competition in the form of a prior information notice
The contracting authority will not award any further contracts based on the above prior information notice: No
Section V: Award of contract
Award Of Contract (No.1)
Contract No: LG - P-2134
Lot Number: Not Provided
Title: Structured Finance Legal Services Framework
A contract/lot is awarded: Yes
V.2) Award of contract
V.2.1) Date of conclusion of the contract: 22/03/2024
V.2.2) Information about tenders
Number of tenders received: 27
Number of tenders received from SMEs: 0 (SME - as defined in Commission Recommendation 2003/361/EC)
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 27
Number of tenders received by electronic means: 27
V.2.3) Name and address of the contractor
The contract has been awarded to a group of economic operators: Yes
Contractor (No.1)
Ashurst LLP, OC330252
London Fruit & Wool Exchange, 1 Duval Square, London, E1 6PW, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.2)
Baker & McKenzie LLP, OC311297
280 Bishopsgate, London, EC2M 4RB, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.3)
Burges Salmon LLP, OC307212
One Glass Wharf, Bristol, BS2 0ZX, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.4)
Clifford Chance LLP, OC323571
10 Upper Bank Street, London, E14 5JJ, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.5)
Dentons UK and Middle East LLP, OC322045
One Fleet Place, London, EC4M 7WS, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.6)
Duane Morris LLP, OE002066
30 South 17th Street, Philadelphia, Pennsylvania, 19103, United States
NUTS Code: US
The contractor is an SME: No
Contractor (No.7)
Hogan Lovells International LLP, OC323639
Atlantic House, Holborn Viaduct, London, EC1A 2FG, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.8)
Norton Rose Fulbright LLP, OC328697
3 More London Riverside, London, SE1 2AQ, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.9)
Simmons & Simmons LLP, OC352713
Citypoint, One Ropemaker Street, London, EC2Y 9SS, United Kingdom
NUTS Code: UK
The contractor is an SME: No
Contractor (No.10)
Slaughter and May, NA
One Bunhill Row, London, EC1Y 8YY, United Kingdom
NUTS Code: UK
The contractor is an SME: No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 4,000,000
Total value of the contract/lot: 4,000,000
Currency: GBP
V.2.5) Information about subcontracting
The contract is likely to be subcontracted: No
Award Of Contract (No.2)
Contract No: LG-P-2134
Lot Number: Not Provided
Title: Structured Finance Legal Services Framework
A contract/lot is awarded: Yes
V.2) Award of contract
V.2.1) Date of conclusion of the contract: 22/03/2024
V.2.2) Information about tenders
Number of tenders received: 27
Number of tenders received from SMEs: 0 (SME - as defined in Commission Recommendation 2003/361/EC)
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 27
Number of tenders received by electronic means: 27
V.2.3) Name and address of the contractor
The contract has been awarded to a group of economic operators: No
Contractor (No.1)
TLT LLP, OC308658
One Redcliff Street, Bristol, BS1 6TP, United Kingdom
NUTS Code: UK
The contractor is an SME: No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 4,000,000
Total value of the contract/lot: 4,000,000
Currency: GBP
V.2.5) Information about subcontracting
The contract is likely to be subcontracted: No
Section VI: Complementary information
VI.3) Additional information: To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=853612037
VI.4) Procedures for review
VI.4.1) Review body
British Business Bank
Sheffield, S1 2GQ, United Kingdom
VI.4.2) Body responsible for mediation procedures
British Business Bank
Sheffield, S1 2GQ, United Kingdom
Tel. +44 1142062134
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures: Not Provided
VI.4.4) Service from which information about the review procedure may be obtained
British Business Bank
Sheffield, United Kingdom
VI.5) Date of dispatch of this notice: 10/05/2024