British Business Bank Plc: BBB Structured Finance Legal Services Panel

UK-Sheffield: Legal services.


Preliminary Questions
   This notice is for prior information only: No
   This notice aims at reducing time-limits for receipt of tenders: Yes
   This notice is a call for competition: No
         
Section I: Contracting Authority

I.1) Name and addresses:
       British Business Bank
       Steel City House, West Street, Sheffield, S1 2GQ, United Kingdom
       Tel. +44 1142062134, Email: procurement@british-business-bank.co.uk
       Contact: Leila Hodson
       Main Address: https://www.british-business-bank.co.uk/
       NUTS Code: UK
      Specifications and additional documents: As Above
I.2) Joint procurement:
   The contract involves joint procurement: No.
   The contract is awarded by a central purchasing body: No .

I.3) Communication          
   Further information can be obtained from: the above mentioned address    
   Tenders or requests to participate must be sent: to the abovementioned address

I.4) Type of the contracting authority    
   Body governed by public law
I.5) Main activity:    
   Economic and financial affairs

Section II: Object

II.1) Scope of the procurement
   II.1.1) Title: BBB Structured Finance Legal Services Panel          
         Reference number: P-2134          
   II.1.2) Common Procurement Vocabulary:       
      79100000 - Legal services.
   II.1.3) Type of contract: SERVICES
   II.1.4) Short description:
   Overview Prior Information Notice to inform the market of the intention to undertake a procurement exercise by which to create a framework (the “Framework”) for the appointment of a BBB Structured Finance Legal Services Panel. Introduction The British Business Bank plc (“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 Prior Information Notice (“PIN”) to inform the market of their intention to undertake a procurement exercise 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. Pursuant to the Framework, the Panel will provide advice to the Buyers relating to the following programmes (the “Programmes”): (a)ENABLE Guarantees with bank counterparties; (b)ENABLE Guarantees with non-bank financial institution counterparties; (c)ENABLE Funding warehouse facilities; (d)ENABLE Funding securitisation transactions; (e)the Recovery Loan Scheme (and its predecessor direct guarantee schemes); (f)regulatory capital transactions with UK challenger banks; (g)amendment, restatement or termination of existing transactions; and (h)other financial transactions under programmes that may be introduced in the future. Further details about the BBB and the Programmes is available at https://www.british-business-bank.co.uk/. Framework Overview BBB will use the Framework for the majority of their external legal needs that specifically relate to the Programmes but will continue to use other procurement routes in parallel for other areas of business. Nature of Services (i)BBB welcome 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. Procurement Process The opportunity to participate in the Framework will be published on both Contracts Finder and the Find a Tender Service, with the procurement being conducted via the Delta e-tendering platform, for which registration is free – Enter Details | Delta (delta-esourcing.com). It is the intention of BBB to publish this opportunity in mid-October and this PIN will be utilised as a means to reduce the timescales associated when conducting the procurement. The Framework will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, the values outlined are anticipated only.          
   II.1.5) Estimated total value:       
      Value excluding VAT (give figures only) : 4,000,000 - GBP
   II.1.6) Information about lots:
      This contract is divided into lots: No          
      Maximum number of lots that may be awarded to one tenderer: Not Provided       
      The contracting authority reserves the right to award contracts combining the following lots or groups of lots: Not Provided

II.2) Lot Description    
   II.2.3) Place of performance:       
      Region Codes:               
         UK - UNITED KINGDOM    
   II.2.4) Description of the procurement:       
      Overview Prior Information Notice to inform the market of the intention to undertake a procurement exercise by which to create a framework (the “Framework”) for the appointment of a BBB Structured Finance Legal Services Panel. Introduction The British Business Bank plc (“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 Prior Information Notice (“PIN”) to inform the market of their intention to undertake a procurement exercise 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. Pursuant to the Framework, the Panel will provide advice to the Buyers relating to the following programmes (the “Programmes”): (a)ENABLE Guarantees with bank counterparties; (b)ENABLE Guarantees with non-bank financial institution counterparties; (c)ENABLE Funding warehouse facilities; (d)ENABLE Funding securitisation transactions; (e)the Recovery Loan Scheme (and its predecessor direct guarantee schemes); (f)regulatory capital transactions with UK challenger banks; (g)amendment, restatement or termination of existing transactions; and (h)other financial transactions under programmes that may be introduced in the future. Further details about the BBB and the Programmes is available at https://www.british-business-bank.co.uk/. Framework Overview BBB will use the Framework for the majority of their external legal needs that specifically relate to the Programmes but will continue to use other procurement routes in parallel for other areas of business. Nature of Services (i)BBB welcome 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. Procurement Process The opportunity to participate in the Framework will be published on both Contracts Finder and the Find a Tender Service, with the procurement being conducted via the Delta e-tendering platform, for which registration is free – Enter Details | Delta (delta-esourcing.com). It is the intention of BBB to publish this opportunity in mid-October and this PIN will be utilised as a means to reduce the timescales associated when conducting the procurement. The Framework will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, the values outlined are anticipated only.
   II.2.5) Award Criteria :      
      Price is not the only award criterion and all criteria are stated only in the procurement documents    
   II.2.6) Estimate value
      Value excluding VAT (give figures only) : 4,000,000 - GBP       
   II.2.7) Duration of the contract, framework agreement or dynamic purchasing system                    
      Duration in months - 48                     
      This contract is subject to renewal : NO        
   II.2.10) Information about variants                 
      Variants will be accepted : NO           
   II.2.11) Information about options             
      Not Provided    
   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


II.3) Estimated Date of publication       
   16/10/2023            
Section III: Legal, Economic, Financial And Technical Information

III.1) Conditions for participation
   III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
      List and brief description of conditions:          
         Not Provided       
   III.1.2) Economic and financial standing       
      List and brief description of selection criteria:       
         Not Provided    
      Minimum level(s) of standards possibly required (if applicable) :          
         Not Provided    
   III.1.3) Technical and professional ability
      List and brief description of selection criteria:       
         Not Provided      
      Minimum level(s) of standards possibly required (if applicable) :          
         Not Provided                  

III.2) Conditions related to the contract    
   III.2.2) Contract performance conditions          
      Not Provided    
      
Section IV: Procedure   

IV.1) Description                
   IV.1.3) Information about a framework agreement or a dynamic purchasing system          
         The procurement involves the establishment of a framework agreement                 
            Framework agreement with several operators       
            Envisaged maximum number of participants to the framework agreement        Not Provided       
         In the case of framework agreements justification for any duration exceeding 4 years:                
            Not Provided    
   IV.1.6) Information about electronic auction
         An electronic auction will be used - NO              
   IV.1.8) Information about Government Procurement Agreement (GPA )
         The contract is covered by the Government Procurement Agreement (GPA) - YES
IV.2) Administrative information                    
   IV.2.5) Scheduled date for start of award procedures: Not Provided    

Section VI: Complementary Information       
VI.2) Information about electronic workflows                        
VI.3) Additional Information:       
   To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=807924104
GO-202398-PRO-23830804 TKR-202398-PRO-23830803        
         
VI.4) Procedures For Appeal
   VI.4.1) Body responsible for appeal procedures:
      
             British Business Bank
       Sheffield, United Kingdom    
   VI.4.3) Review procedure
      Precise information on deadline(s) for review procedures:                
         Not Provided       

VI.5) Date Of Dispatch Of This Notice: 08/09/2023