British Business Bank Plc is using Delta eSourcing to run this tender exercise
| Notice Summary |
|---|
| Title: | GB-Sheffield: BBB Structured Finance Legal Services Panel |
| Notice type: | Competitive Contract Notice |
| Authority: | British Business Bank Plc |
| Nature of contract: | Not applicable |
| Procedure: | Not applicable |
| Short Description: | 1.Overview In line with the Prior Information Notice (“PIN”) as issued on 8th September 2023, British Business Bank ("BBB") are undertaking an open procurement exercise by which to create a framework (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 will 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. 4.Procurement Process This procurement is being conducted via the Delta e-tendering platform, for which registration is free at the link contained – Enter Details | Delta (delta-esourcing.com), should it be required the access code is 34XH2S5K93. The Framework 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. The deadline for submission of clarification questions is 11th December 2023, with submission of bids to be received by 10th January 2024 at midday. |
| Published: | 01/12/2023 15:43 |
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1. Title: GB-Sheffield: BBB Structured Finance Legal Services Panel
2. Awarding Authority:
British Business Bank
Steel City House, West Street, Sheffield, S1 2GQ, United Kingdom
Tel. 0, Email: procurement@british-business-bank.co.uk, URL: https://www.british-business-bank.co.uk/
Attn: Leila Bradshaw
3. Contract Type: Services
Sub Type: Legal services.
4. Description: Legal services. 1.Overview
In line with the Prior Information Notice (“PIN”) as issued on 8th September 2023, British Business Bank ("BBB") are undertaking an open procurement exercise by which to create a framework (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 will 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.
4.Procurement Process
This procurement is being conducted via the Delta e-tendering platform, for which registration is free at the link contained – Enter Details | Delta (delta-esourcing.com), should it be required the access code is 34XH2S5K93.
The Framework 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.
The deadline for submission of clarification questions is 11th December 2023, with submission of bids to be received by 10th January 2024 at midday.
5. CPV Codes:
79100000 - Legal services.
6. NUTS Codes :
UK - UNITED KINGDOM
7. Main Site or Location of Works, Main Place of Delivery or Main Place of Performance: UNITED KINGDOM,
8. Reference Attributed by the Awarding Authority: 807923897 / LG-P-2134
9. Estimated Value of Requirement: Category F: 1M to 5M
Currency: GBP
10. Deadline for Expression of Interest: 10/01/2024 12:00:00
11. Address to which they must be sent:
53 Detroit Avenue
12. Other Information:
Other Information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-GB-Sheffield:-BBB-Structured-Finance-Legal-Services-Panel/34XH2S5K93
To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/34XH2S5K93
TKR-2023121-PRO-24653026
Suitable for VCO: No
Procedure Type:OPEN
Period of Work Start date: 01/04/2024
Period of Work End date: 31/03/2028
Is this a Framework Agreement?: yes