DfE - Invest NI - Management of Co-Fund I, II and III

Concepts

• banking and investment
• belfast
• cif iii
• five year investment period
• management services agreement
• iii
• a five year investment period
• section ii
• investment
• dfe

Location

BELFAST

Description

Invest NI is seeking to appoint a fund manager to manage and deliver CIF III for a ten-year period with an option to extend for four periods of one year each. The initial ten-year term is split into a five year investment period, followed by a five year follow on and exit period. A legal contract, by way of a Limited Partnership Agreement (“LPA”) and a Management Services Agreement (“MSA”), will govern the ten-year contract to deliver CIF III and a draft LPA and MSA will be included in the tender documents.

Award Detail

Renewal Options

four periods of one year

Award Criteria

CPV Codes

• 66100000 - Banking and investment services
• 66000000 - Financial and insurance services
• 66122000 - Corporate finance and venture capital services

Indicators

• Options are available.
• Award on basis of price and quality.

Other Information

The figure indicated in Section II 1.7 represents an estimated contract value. This value reflects the potential scale of the contract and takes into account potential optional extension periods and the uptake of potential optional services as detailed in the tender documents. This figure does not however take into account the application of indexation. Neither CPD nor the Authority can provide any guarantee as to the level of business under this contract. The Contracting Authority does not bind itself to accept the lowest or any tender. Economic Operators remain responsible for all costs and expenses incurred by them or by any third party acting under instructions from the Economic Operator in connection with taking part in this procurement process regardless of whether such costs arise as a consequence, directly or indirectly of any amendments made to the procurement documents by the Contracting Authority at any time. No legally binding contract shall arise and an Economic Operator shall. have no legitimate expectation that a contract will be entered into until such time as entry into the Contract has been confirmed by the. Contracting Authority. Economic Operators should note that all dates, time periods and figures in relation to values and volumes specified. in this notice and the procurement documents are approximate only and the Contracting Authority reserves the right to change any or all oft hem. The successful contractor’s performance on the contract will be regularly monitored in line with the tender documentation. Contractors.. not delivering on contract requirements is a serious matter. It means the public purse is not getting what it is paying for. If a contractor.. fails to reach satisfactory levels of contract performance they will be given a specified time to improve. If, after the specified time, they still.. fail to reach satisfactory levels of contract performance, the matter will be escalated to senior management in CPD for further action. If.. this occurs and their performance still does not improve to satisfactory levels within the specified period, it may be regarded as an act of.. grave professional misconduct and they may be issued with a Notice of Unsatisfactory Performance and the contract may be terminated... The issue of a Notice of Unsatisfactory Performance can result in the Contractor being excluded from all procurement competitions.. being undertaken by Centres of Procurement Expertise on behalf of bodies covered by the Northern Ireland Procurement Policy for a.. period of three years from the date of issue.. . The Authority expressly reserves the rights:. . (I). not to award any contract as a result of. the. procurement process commenced by publication of this notice;. (II). to make whatever changes it may see fit to the content and. structure. of the tendering Competition;. (III). to award (a) contract(s) in respect of any part(s) of the [services] covered by this notice; and.. (IV). to. award contract(s) in stages.. . and in no circumstances will the Authority be liable for any costs incurred by candidates