The Provision of Legal Services to the Teesside Flexible Investment Fund

Concepts

• legal services
• cardiff
• legal advisory
• legal advisory and information
• teesside flexible investment fund
• property development investments
• legal charges
• fund managers
• teesside
• - service agreements

Location

Cardiff

Geochart for 2 buyers and 0 suppliers

Development Bank of Wales

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Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

Description

Teesside Flexible Investment Fund The Teesside Flexible Investment Fund (“TFIF”) is a GBP20m fund established in April 2024 with financial support from the Teesside Pension Fund to facilitate the delivery of business succession and property development projects in Teesside that support economic growth and create employment. The fund can also facilitate the delivery of contracts, although this is outside of the scope of this procurement. The fund can provide funding from GBP250,000 to GBP3,000,000 over a maximum five (5) year term. 2.4 FWC as Fund Managers of the TFIF, are seeking to appoint an experienced legal panel on a call off basis to be utilised as and when required to support the role out of the fund. Further information can be obtained from the Invitation to Tender

Total Quantity or Scope

Requirements for the contract include:  Firms must have a physical presence in Tees Valley; - Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of succession investments including but not limited to: - Equity, equity option and loan agreements & associated documents. - Debentures. - Legal charges. - Deeds Of Priority and Intercreditor Agreements. - Personal and corporate guarantees. - Articles of Association and Shareholder Agreements. - Service Agreements. - Transfer of IP and other assets, assignment of contracts. - Share transfers. - Companies House documentation. - Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of property development investments including but not limited to: - Legal charges over land and property. - Report on Title. - Build Contracts. - Collateral Warranties. - Leases, pre-sale, and pre-let agreements. - Firms must be able to demonstrate they have sufficient resources in place to deliver the Services in a timely manner and that they represent good value for money for the Services delivered. - Firms must be able to demonstrate how they can add value to the Fund Manager in the delivery of the TFIF over its lifetime. Further information can be found within the Invitation to Tender.

Renewal Options

The panel will be in place for an initial two (2) years with the option for FWC to make up to four (4) further extensions of twenty four (24) months each.

Award Criteria

CPV Codes

• 79100000 - Legal services
• 79111000 - Legal advisory services
• 79140000 - Legal advisory and information services

Indicators

• Bids should cover the whole contract.
• Renewals are available.
• Performance considerations apply.
• Professional qualifications are sought.
• Staff qualifications are relevant.
• Award on basis of price.

Other Information

NOTE: The authority is using eTenderwales to carry out this procurement process. To obtain further information record your interest on Sell2Wales at https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=140891 (WA Ref:140891) The buyer considers that this contract is suitable for consortia.