UK-London: financial and insurance services

Request For Proposals

Country:

United Kingdom

City/Locality:

LONDON

Notice/Contract Number:

eu:318306-2009

Publication Date:

Nov 17, 2009

Deadline:

Nov 23, 2009

Buyer:

HER MAJESTY'S TREASURY (HM TREASURY)

Original Language:

English

Address:

HER MAJESTY'S TREASURY (HM TREASURY)
LONDON, LONDON
United Kingdom

Web Site:

www.hm-treasury.gov.uk

view in:

Notice Type: 2230 - Contract notice
Regulation of Procurement: European Communities, with participation by GPA countries
EU Official Journal Publication: 221/2009, #318306-2009
Contract Nature: Service contract
Procedure Type: Accelerated restricted procedure
Type of Bid Required: Global tender
Awarding Criteria: The most economic tender

view in:

CONTRACT NOTICE
Services
SECTION I: CONTRACTING AUTHORITY
I.1) NAME, ADDRESSES AND CONTACT POINT(S): Her Majesty's Treasury (HM
Treasury), 1 Horse Guards Road, Contact: HM Treasury Group Procurement,
Attn: Neil Street, UK-London SW1A 2HQ. Tel. +44 1603704489. E-mail:
neil.street@ogc.gsi.gov.uk. Fax +44 1603704889.
Internet address(es):
General address of the contracting authority: www.hm-treasury.gov.uk.
Further information can be obtained at: As in above-mentioned contact
point(s).
Specifications and additional documents (including documents for
competitive dialogue and a dynamic purchasing system) can be obtained at:
As in above-mentioned contact point(s).
Tenders or requests to participate must be sent to: As in above-mentioned
contact point(s).
I.2) TYPE OF THE CONTRACTING AUTHORITY AND MAIN ACTIVITY OR ACTIVITIES:
Ministry or any other national or federal authority, including their
regional or local sub-divisions.
Economic and financial affairs.
The contracting authority is purchasing on behalf of other contracting
authorities: yes.
SECTION II: OBJECT OF THE CONTRACT
II.1) DESCRIPTION
II.1.1) Title attributed to the contract by the contracting authority:
Risk, Transaction and Restructuring Advisory Firms for Portfolios of
Assets within the Asset Protection Scheme.
II.1.2) Type of contract and location of works, place of delivery or of
performance: Services.
Service category: No 6.
NUTS code: UKI.
II.1.3) The notice involves: The establishment of a framework agreement.
II.1.4) Information on framework agreement: Framework agreement with
several operators.
Maximum number of participants to the framework agreement envisaged: 10.
Duration of the framework agreement: Duration in year(s): 1.
Estimated total value of purchases for the entire duration of the
framework agreement:
Estimated value excluding VAT:
Range: between 100 000,00 and 20 000 000,00 GBP.
II.1.5) Short description of the contract or purchase(s): The APA is
seeking to establish a panel of risk and transaction advisory firms who
may be called upon to provide certain risk management, asset valuation and
credit restructuring advice (together, “Services”) in respect of assets in
the APS.
The Services can be broadly summarised as the following:
Transaction Advisory.
— provide key decision making support during complex asset restructurings
such as Debt / Equity swaps, Monoline Commutations and group
reorganisations,
— perform detailed asset valuations using internal and market based
methodologies to support the APA in approvals and other decisions related
to transaction negotiations,
— provide key decision making support throughout the asset life cycle
including asset and portfolio disposals, value distributions and the
provision of new credit,
— provide detailed analysis and views to support decision making including
full ‘re-underwriting’ for significant exposures,
— provide asset exit strategies and options assessment,
— support identification of relevant benchmarks and the monitoring of
results.
Expected Loss Forecasting.
— identification and measurement of credit and portfolio risk,
— preparation and validation of bottom up / asset level loss forecasting
models and support calibration of CF model providing expert knowledge and
historical data evidence, as appropriate,
— support calibration of PDs/LGDs in respect of selected stress scenarios,
— assessment of model performance vs. actual defaults and attribution of
losses (e.g. performance vs. market factors).
II.1.6) Common procurement vocabulary (CPV): 66000000, 66100000,
66500000, 66113000, 66114000, 66120000, 66140000, 66170000, 66190000,
70000000, 70110000, 70120000.
II.1.7) Contract covered by the Government Procurement Agreement (GPA):
Yes.
II.1.8) Division into lots: No.
II.1.9) Variants will be accepted: No.
II.2) QUANTITY OR SCOPE OF THE CONTRACT
II.2.1) Total quantity or scope: Estimated value excluding VAT:
Range: between 100 000,00 and 20 000 000,00 GBP.
II.2.2) Options: Yes.
Description of these options: The framework agreement between the
sucessful suppliers) and the contracting authority will be for a period of
twelve months, with the option to extend by a further two twelve month
periods.
Provisional timetable for recourse to these options: in months: 12 (from
the award of the contract).
Number of possible renewals: 2
in the case of renewable supplies or service contracts, estimated
timeframe for subsequent contracts: in months: 12 (from the award of the
contract).
II.3) DURATION OF THE CONTRACT OR TIME-LIMIT FOR COMPLETION: Duration in
months: 12 (from the award of the contract).
SECTION III: LEGAL, ECONOMIC, FINANCIAL AND TECHNICAL INFORMATION
III.1) CONDITIONS RELATING TO THE CONTRACT
III.1.2) Main financing conditions and payment arrangements and/or
reference to the relevant provisions regulating them: All pricing quoted
in tenders must be in GBP. All payments made under this contract will be
in GBP. This contract will be governed by English Law.
III.2) CONDITIONS FOR PARTICIPATION
III.2.2) Economic and financial capacity: Minimum level(s) of standards
possibly required: As set out in the Pre-Qualification Questionnaire;
economic operators who are deemed a high financial risk and those who do
not hold valid insurance or do not have suitable levels of indemnity will
be discounted from the process.
III.2.3) Technical capacity: Minimum level(s) of standards possibly
required:
As set out in the Pre-Qualification Questionnaire.
III.2.4) Reserved contracts: No.
III.3) CONDITIONS SPECIFIC TO SERVICES CONTRACTS
III.3.1) Execution of the service is reserved to a particular profession:
No.
III.3.2) Legal entities should indicate the names and professional
qualifications of the staff responsible for the execution of the service:
No.
SECTION IV: PROCEDURE
IV.1) TYPE OF PROCEDURE
IV.1.1) Type of procedure: Accelerated restricted.
Justification for the choice of accelerated procedure: As announced on
3.11.2009, full legal documentation on Royal Bank of Scotlands’
participation in the APS is being finalised and will be published shortly.
To ensure that the APS operates effectively, and by extension taxpayers
interests are protected, it is imperative that the APA has the required
external resource and advisors in place in advance of the APS ‘going
live’. As a direct result HM Treasury has implemented the accelerated
procedure on the grounds of urgency.
IV.1.2) Limitations on the number of operators who will be invited to
tender or to participate: Envisaged minimum number: 5. Maximum number: 10.
IV.2) AWARD CRITERIA
IV.2.1) Award criteria: The most economically advantageous tender in
terms of the criteria stated in the specifications, in the invitation to
tender or to negotiate or in the descriptive document.
IV.2.2) An electronic auction will be used: No.
IV.3) ADMINISTRATIVE INFORMATION
IV.3.1) File reference number attributed by the contracting authority:
APA396.
IV.3.2) Previous publication(s) concerning the same contract: No.
IV.3.3) Conditions for obtaining specifications and additional documents
or descriptive document: Time limit for receipt of requests for documents
or for accessing documents: 22.11.2009 - 17:00.
Payable documents: no.
IV.3.4) Time-limit for receipt of tenders or requests to participate:
23.11.2009 - 17:00.
IV.3.6) Language(s) in which tenders or requests to participate may be
drawn up: English.
SECTION VI: COMPLEMENTARY INFORMATION
VI.1) THIS IS A RECURRENT PROCUREMENT: No.
VI.2) CONTRACT RELATED TO A PROJECT AND/OR PROGRAMME FINANCED BY EU
FUNDS: No.
VI.3) ADDITIONAL INFORMATION: HM Treasury is procuring these services on
behalf of the Asset Protection Agency (APA). The APA is not a contracting
authority at present, It is envisaged that by the conclusion of this
procurement the APA will be a contracting Authority.
This framework agreement will be for the use of the Her Majesty's Treasury
(HM Treasury) Group.
VI.4) PROCEDURES FOR APPEAL
VI.4.1) Body responsible for appeal procedures: Patrick Box, 1 Horse
Guards Road, UK-London SW1A 2HQ. E-mail:
patrick.box@hmtreasury.gsi.gov.uk. Tel. +44 2072704413. URL:
http://www.hm-treasury.gov.uk.
VI.5) DATE OF DISPATCH OF THIS NOTICE: 13.11.2009.

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UK-London: financial and insurance services

Request For Proposals

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