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Notice Summary

United Kingdom-London: Resolution Procurement Framework
398757-2019
Bank of England
23 August 2019
30 September 2019
Contract Notice - Open Procedure
Yes

Notice Abstract

The Bank of England (‘Bank’) is the central bank of the United Kingdom. The Bank is committed to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.The Bank is the United Kingdom’s resolution authority for banks, building societies, central counterparties and certain investment firms (‘firms’). The Special resolution regime (SRR), as defined through the provisions of the Banking Act 2009, is the process by which the authorities can intervene to manage the failure of a firm.The Bank is seeking framework suppliers to:— provide those reports commissioned under s.83ZB of the Banking Act 2009, where those reports are contracted for directly by the Bank and not the individual firms, and— provide other services as described further below to support the SRR objectives.

Notice Details

Contract notice

Directive 2014/24/EU - Public Sector Directive

Directive 2014/24/EU

Section I: Contracting Change entity

I.1) Name and addresses

Bank of England

Threadneedle St.

London

EC2R 8AH

UK

Contact person: Mr Benjamin Knight

Telephone: +44 2034615295

E-mail: corporate.contracts@bankofengland.co.uk

NUTS: UK

Internet address(es)

Main address: http://www.bankofengland.co.uk

Address of the buyer profile: http://www.bankofengland.co.uk

I.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge at:

www.bankofenglandtenders.co.uk


Additional information can be obtained from the abovementioned address


Tenders or requests to participate must be sent electronically to:

www.bankofenglandtenders.co.uk


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

Resolution Procurement Framework (RPF)

Reference number: DN430583

II.1.2) Main CPV code

66171000

 

II.1.3) Type of contract

Services

II.1.4) Short description

The Bank of England (‘Bank’) is the central bank of the United Kingdom. The Bank is committed to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Bank is the United Kingdom’s resolution authority for banks, building societies, central counterparties and certain investment firms (‘firms’). The Special resolution regime (SRR), as defined through the provisions of the Banking Act 2009, is the process by which the authorities can intervene to manage the failure of a firm.

The Bank is seeking framework suppliers to:

— provide those reports commissioned under s.83ZB of the Banking Act 2009, where those reports are contracted for directly by the Bank and not the individual firms, and

— provide other services as described further below to support the SRR objectives.

II.1.5) Estimated total value

Value excluding VAT: 20 000 000.00 GBP

II.1.6) Information about lots

This contract is divided into lots: Yes

Tenders may be submitted for all lots

II.2) Description

Lot No: 1

II.2.1) Title

Financial Advice and Valuation Analysis

II.2.2) Additional CPV code(s)

66110000

66120000

66130000

66150000

66160000

66170000

66519600

66522000

66523000

66600000

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

Consultancy and advice in relation to valuation analysis for the purpose of resolution contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the Banking Act 2009. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the Resolvability Assessment Framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to MREL, valuations and/or funding in resolution.

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

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.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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

Lot No: 2

II.2.1) Title

Restructuring and Insolvency Advice

II.2.2) Additional CPV code(s)

66110000

66120000

66130000

66150000

66160000

66519600

66523000

66600000

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

Planning and advice in connection with the Bank (or building society) insolvency procedure (BIP), Bank administration procedure (BAP) and the Special administration procedure for investment firms (‘SAR’). This includes the duties of a bail-in administrator appointed to support a resolution. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the Resolvability Assessment Framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to restructuring planning and/or management, governance and communications.

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

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.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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

Lot No: 3

II.2.1) Title

Corporate Financial Advisory

II.2.2) Additional CPV code(s)

66110000

66120000

66130000

66150000

66160000

66170000

66180000

66519600

66520000

66600000

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

Corporate finance advice and support to the Bank or a firm under the direction of the Bank in relation to preparing for execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan. Including options analysis on transaction structures, planning and delivery of Merger and acquisition (M&A) processes, Equity capital market (ECM), Debt capital market (DCM) or M&A advisory services. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the resolvability assessment framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to bail-in mechanics and restructuring planning.

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

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.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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

Lot No: 4

II.2.1) Title

Operational Review and Analysis

II.2.2) Additional CPV code(s)

66110000

66120000

66130000

66150000

66160000

66170000

66519600

66520000

66600000

II.2.3) Place of performance

NUTS code:

UK

II.2.4) Description of the procurement

Consulting and advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning, including; assessment of a firm’s operational aspects, assessment of internal and external operational interdependencies, assessment of the causes of operational failures at firms and information technology security, and control vulnerabilities.

Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the resolvability assessment framework, if required. This may include, but would not be limited to:

— continuity of financial contracts in resolution (stays), MREL,

— operational continuity in resolution,

— continuity of access to Financial market infrastructure (FMI)

— restructuring planning, and

— management, governance and communications.

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

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.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

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

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Open procedure

IV.1.3) Information about a framework agreement or a dynamic purchasing system

The procurement involves the establishment of a framework agreement with a single operator.

Justification for any framework agreement duration exceeding 8 years:

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

IV.2.2) Time limit for receipt of tenders or requests to participate

Date: 30/09/2019

Local time: 16:00

IV.2.4) Languages in which tenders or requests to participate may be submitted

EN

IV.2.6) Minimum time frame during which the tenderer must maintain the tender

Duration in months: 6 (from the date stated for receipt of tender)

IV.2.7) Conditions for opening of tenders

Date: 30/09/2019

Local time: 16:00

Section VI: Complementary information

VI.1) Information about recurrence

This is a recurrent procurement: No

VI.2) Information about electronic workflows

Electronic ordering will be used

Electronic invoicing will be accepted

Electronic payment will be used

VI.4) Procedures for review

VI.4.1) Review body

High Court of England and Wales

London

UK

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 (‘PCR 2015’). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015. In accordance with PCR 2015, the authority will incorporate a minimum 10 calendar days standstill period from the date information on the award of the contract is communicated to tenderers.

VI.4.4) Service from which information about the review procedure may be obtained

Bank of England

London

UK

VI.5) Date of dispatch of this notice

22/08/2019