Design of a Temporary Partial Credit Guarantee Scheme

Department of Jobs, Enterprise, and Innovation

The Irish Government has decided to develop a targeted temporary partial credit guarantee scheme as announced in the Jobs Initiative launched in May 2011. The Scheme is intended to address specific market failures that prevent bank lending to some commercially viable businesses by providing a level of guarantee to banks against losses on qualifying loans to job-creating firms.
Target groups are commercially viable SME businesses, i.e. SME businesses that can demonstrate repayment capacity for the additional credit facilities, but that do not secure credit facilities due to the following two market failures:
1) Insufficient collateral for the additional facilities or,
2) Growth / expansionary SMEs which due to their sectors, markets or business model are perceived as a higher risk under current credit risk evaluation practices.
The successful tenderer(s) will be required to deliver an evidence-based proposal which outlines the design and establishment of a successful temporary partial credit guarantee scheme and to provide turnkey project support for full scheme design. The design of the scheme will draw from international experience to support new lending that would not otherwise have been extended by the banks. In this way, the scheme will complement, rather than be a substitute for, existing lending activities by the main financial institutions.
The project is envisaged to be completed by early October 2011, to allow for a scheme to be in operation by November 2011.
This is a voluntary OJEU notice as the estimated cost for this design phase is under the 125 000 EUR threshold. See also section V1.3 (5) below.
NOTE: To register your interest in this notice and obtain any additional information please visit the eTenders Web Site at http://www.etenders.gov.ie/Search/Search_Switch.aspx?ID=248592.

Deadline

The time limit for receipt of tenders was 2011-07-07. The procurement was published on 2011-06-15.

Suppliers

The following suppliers are mentioned in award decisions or other procurement documents:

Who? What? Where?
Procurement history
Date Document
2011-06-15 Contract notice
2011-09-09 Contract award notice
Contract notice (2011-06-15)
Object
Scope of the procurement
Title: design consultancy services
Quantity or scope: See section 11.1.5 above.
Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union
Common procurement vocabulary (CPV)
Code: Design consultancy services 📦

Procedure
Procedure type: Competitive dialogue
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Ministry or any other national or federal authority
Postal address: 23 Kildare Street
Postal code: 2
Postal town: Dublin
Contact
Internet address: http://www.djei.ie 🌏
E-mail: wendy.gray@djei.ie 📧
Phone: +353 16312959 📞
Fax: +353 16312824 📠

Reference
Dates
Date dispatched: 2011-06-15 📅
Submission deadline: 2011-07-07 📅
Publication date: 2011-06-17 📅
Identifiers
Notice number: 2011/S 115-190466
OJ-S issue: 115
Additional information
1) The contracting authority will not be responsible for any costs, charges or expenses incurred by candidates or tenderers. 2) The award of contract will be subject to the approval of the competent authorities. 3) This is the sole call for competition for these services. 4) The completion of Scheme Design must take place between the date of appointment in August and early October 2011. 5) Operation and management of the Scheme will be put to tender subsequent to the award of the current contract and the successful tenderer in respect of the current contract will not be excluded from participation in the subsequent tender. 6) Candidates chosen to participate in the competitive dialogue procedure will be required to attend dialogue meetings in Dublin on July 19th or 20th next. These participants will be provided in advance with a descriptive document containing further detailed information on the required services in addition to the award criteria and weighting to be used. 7) The chosen participants will be invited to submit indicative responses in advance of their attendance at the dialogue meetings. 8) Participants deemed to offer comprehensive solutions at the dialogue stage will be invited to submit formal written tenders. 9) The Freedom of Information Act applies to the contracting authority and therefore all candidates should indicate whether any of the information provided by them in the course of this contract award procedure is to be treated as sensitive commercial information which should remain confidential to the authority. Successful tenderers will be required to furnish a valid tax clearance certificate from the Irish Revenue Commissioners. 10) Award to runner-up If for any reason it is not possible to admit to award the contract(s) to the successful tenderer following the conclusion of this competitive process, the contracting authority reserves the right to award to the next highest scoring tenderer at any time during the tender validity period. If, having already awarded a contract the contracting authority considers that the successful tenderer has not met its obligations; the contracting authority reserves the right to award the contract to the tenderer with the next highest score on the basis of the original competition. This shall be without prejudice to the right of the contracting authority to cancel this competitive process and/or initiate a new contract award procedure at its sole discretion. (ET Ref:248592).
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Object
Scope of the procurement
Short description:
The Irish Government has decided to develop a targeted temporary partial credit guarantee scheme as announced in the Jobs Initiative launched in May 2011. The Scheme is intended to address specific market failures that prevent bank lending to some commercially viable businesses by providing a level of guarantee to banks against losses on qualifying loans to job-creating firms.
Show more
Target groups are commercially viable SME businesses, i.e. SME businesses that can demonstrate repayment capacity for the additional credit facilities, but that do not secure credit facilities due to the following two market failures:
1) Insufficient collateral for the additional facilities or,
2) Growth / expansionary SMEs which due to their sectors, markets or business model are perceived as a higher risk under current credit risk evaluation practices.
The successful tenderer(s) will be required to deliver an evidence-based proposal which outlines the design and establishment of a successful temporary partial credit guarantee scheme and to provide turnkey project support for full scheme design. The design of the scheme will draw from international experience to support new lending that would not otherwise have been extended by the banks. In this way, the scheme will complement, rather than be a substitute for, existing lending activities by the main financial institutions.
Show more
The project is envisaged to be completed by early October 2011, to allow for a scheme to be in operation by November 2011.
This is a voluntary OJEU notice as the estimated cost for this design phase is under the 125 000 EUR threshold. See also section V1.3 (5) below.
NOTE: To register your interest in this notice and obtain any additional information please visit the eTenders Web Site at http://www.etenders.gov.ie/Search/Search_Switch.aspx?ID=248592.
Duration: 2 months
Place of performance
Main site or place of performance: Ireland.

Legal, economic, financial and technical information
Conditions for participation
Suitability to pursue the professional activity:
None at this stage, however, tenderers will be required to confirm that none of the conditions for exclusion regarding bankruptcy, payment of taxes, etc apply to their particular case. As part of this confirmation, tenderers will be asked to sign a Declaration of Bona Fides which will be included in the Invitation to Tender documents.
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Economic and financial standing:
Candidates must submit their applications addressing the following criteria:
(1) Evidence of turnover by way of audited accounts, a statement from their auditors or otherwise.
(2) Evidence of current Employers, Public Liability and Professional Indemnity Insurances.
These selection criteria will be evaluated on a pass/fail basis only.
Minimum level(s) of standard possibly required.
Candidates should note that the following rules will apply to the criteria above:
(1) Candidates must demonstrate that their turnover was at least 1 000 000 EUR per annum during the latest financial year or pro-rata, if more recently established. Candidates should note that this condition may be satisfied by the candidate either individually or as a grouping.
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(2) Candidates must provide evidence by means of a copy of their insurance certificate or a letter from their broker stating the current levels of insurance for the company.
Technical and professional ability:
Candidates must submit their applications addressing the following criteria:
(3) Organisation details, including year of establishment, legal personality if any, structure, quality, relevant national/international experience and knowledge of the team assigned to the project.
(4) Previous comparable projects, and/or expertise in designing similar schemes in other jurisdictions in the European Union or elsewhere, including contract description, client names and contacts, delivery dates, contract values and whether recommendations were implemented in the client’s organisation.
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(5) Details of quality assurance system in place, if any, for these services and whether 3rd party attested.
These criteria will be evaluated on the basis of the following percentages:
Criterion 3 Organisation – Weighting 30 %.
Criterion 4 Previous Design / Development Projects - Weighting 60 %.
Criterion 5 Quality Assurance - Weighting 10 %.
Minimum level(s) of standard possibly required.
Candidates should note that the following rules will apply to some of the criteria above:
(3) Candidates must demonstrate that their organisation potentially has adequate and appropriate resources to deliver the relevant services by early October 2011.
(4) Candidates must provide evidence of the successful delivery of contract(s) of a similar nature and scope.
Applicants must achieve an “acceptable” rating (40 %) under each criterion (3), (4), (5), in order to avoid elimination.
Contract execution
Deposits and guarantees required: Not applicable.
Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them: To be agreed with the successful tenderer.
Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
A grouping if successful must be prepared to contract as a single entity having joint and several liability.Alternatively, if the successful tenderer is proposing to use a sub-consultant for the delivery of some of the services, it may be a condition of award of contract that both parties enter simultaneously into a collateral warranty with the Department.
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Other particular conditions:
All intellectual property rights associated with the design of any scheme shall reside with the Department.
Names and professional qualifications of the staff ✅

Procedure
Envisaged number of candidates: 5
Objective criteria for selection:
Upon receipt of expressions of interest, candidates will be evaluated in respect of the selection criteria and rules stated.
Candidates will be scored and the top 5 scoring candidates will be invited to participate in the competitive dialogue procedure.
Date of dispatch of invitations: 2011-07-13 📅
Languages
Language: English 🗣️
Irish 🗣️

Contracting authority
Identity
Awarding authority name: Department of Jobs, Enterprise, and Innovation
Contact
Contact point: SME Policy Unit
Ms. Wendy Gray
Address of the buyer profile: http://www.djei.ie/enterprise/smes/index.htm 🌏

Reference
Additional information
1) The contracting authority will not be responsible for any costs, charges or expenses incurred by candidates or tenderers.
2) The award of contract will be subject to the approval of the competent authorities.
3) This is the sole call for competition for these services.
4) The completion of Scheme Design must take place between the date of appointment in August and early October 2011.
5) Operation and management of the Scheme will be put to tender subsequent to the award of the current contract and the successful tenderer in respect of the current contract will not be excluded from participation in the subsequent tender.
6) Candidates chosen to participate in the competitive dialogue procedure will be required to attend dialogue meetings in Dublin on July 19th or 20th next. These participants will be provided in advance with a descriptive document containing further detailed information on the required services in addition to the award criteria and weighting to be used.
Show more
7) The chosen participants will be invited to submit indicative responses in advance of their attendance at the dialogue meetings.
8) Participants deemed to offer comprehensive solutions at the dialogue stage will be invited to submit formal written tenders.
9) The Freedom of Information Act applies to the contracting authority and therefore all candidates should indicate whether any of the information provided by them in the course of this contract award procedure is to be treated as sensitive commercial information which should remain confidential to the authority. Successful tenderers will be required to furnish a valid tax clearance certificate from the Irish Revenue Commissioners.
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10) Award to runner-up
If for any reason it is not possible to admit to award the contract(s) to the successful tenderer following the conclusion of this competitive process, the contracting authority reserves the right to award to the next highest scoring tenderer at any time during the tender validity period.
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If, having already awarded a contract the contracting authority considers that the successful tenderer has not met its obligations; the contracting authority reserves the right to award the contract to the tenderer with the next highest score on the basis of the original competition. This shall be without prejudice to the right of the contracting authority to cancel this competitive process and/or initiate a new contract award procedure at its sole discretion.
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(ET Ref:248592).

Complementary information
Review body
Name: The High Court
Postal address: Chief Registrar, Four Courts, Inns Quay
Postal town: Dublin
Postal code: 7
Country: Ireland 🇮🇪
Phone: +353 18886000 📞
Source: OJS 2011/S 115-190466 (2011-06-15)
Contract award notice (2011-09-09)
Object
Scope of the procurement
Total value of the procurement: 67 000 💰
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Contracting authority
Identity
Postal address: 23 Kildare Street,
Postal town: Dublin 2

Reference
Dates
Date dispatched: 2011-09-09 📅
Publication date: 2011-09-14 📅
Identifiers
Notice number: 2011/S 176-288373
Refers to notice: 2011/S 115-190466
OJ-S issue: 176
Additional information
(ET Ref:303652).

Procedure
Award criteria
Criterion: 1. Risk analysis and proposed mitigation strategy (25 %)
2. Methodology for delivery of the service fully in accordance with the technical specification (30 %)
3. Delivery schedule (10 %)
4. Contract management and reporting (10 %)
5. Reliability and continuity of supply (5 %)
6. Ultimate cost of the service (20 %)

Award of contract
Date of contract conclusion: 2011-08-26 📅
Postal address: 1 Broadfield Close, Broadfield Business Park
Postal town: Sheffield
Postal code: S8 0XN
Country: United Kingdom 🇬🇧
Internet address: www.capitalforenterprise.gov.uk 🌏
Information about tenders
Number of tenders received: 8
Source: OJS 2011/S 176-288373 (2011-09-09)
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