The Provision of Legal Services to the Teesside Flexible Investment Fund
Estimated value
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Awarded value
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Suppliers
4
Lots
1
Published
22 Jan 2025
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
Scope
- Reference
- DBW00072
- Commercial tool
- Standalone contract
- Contract dates
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.
- Main category
- services
- CPV classifications
- 791000007911100079140000
- Contract locations
- North East England
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Project Team and Relevant Experience | 14 | quality | — |
| Delivery of the Services | 16 | quality | — |
| Key Issues, Risks and Challenges | 5 | quality | — |
| Conflicts of Interest | 5% | quality | — |
| Added Value | 10% | quality | — |
| Presentation | 25 | quality | — |
| — | 25 | price | — |
Submission & procedure
- Procedure
- Open procedure
Award details
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
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Award date
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Contract start
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Contract end
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