Restructuring & Pre-Insolvency Services (RPIS) Framework The Board of the Pension Protection Fund Restructuring & Pre-Insolvency Services (RPIS) Framework The Board of the Pension Protection Fund Restructuring & Pre-Insolvency Services (RPIS) FrameworkThe Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee. Reference no:OCT491997 Published by:The Board of the Pension Protection Fund Published to:External Deadline date:04/11/2024 Notice Type:Contract notice OCID:ocds-h6vhtk-04a428 Location: UK - All UK - All Value:- Summary OCID:ocds-h6vhtk-04a428Published by:The Board of the Pension Protection FundAuthority ID:AA72362Publication date:01 October 2024Deadline date:04 November 2024Notice type:Contract NoticeHas documents:NoHas SPD:NoHas Carbon Reduction Plan:N/A Abstract The Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee. Full notice text Contract noticeSection I: Contracting authority I.1) Name and addressesThe Board of the Pension Protection FundRenaissance, 12 Dingwall RoadCroydonCR0 2NAUK Telephone: +44 8456002541 E-mail: commercialservices@ppf.co.uk NUTS: UKInternet address(es) Main address: www.ppf.co.ukI.3) CommunicationThe procurement documents are available for unrestricted and full direct access, free of charge at:https://ppf.bravosolution.co.uk/web/login.htmlAdditional information can be obtained from the abovementioned addressTenders or requests to participate must be sent electronically to:https://ppf.bravosolution.co.uk/web/login.htmlTenders or requests to participate must be sent to the abovementioned addressI.4) Type of the contracting authorityBody governed by public lawI.5) Main activityEconomic and financial affairsSection II: ObjectII.1) Scope of the procurementII.1.1) TitleRestructuring & Pre-Insolvency Services (RPIS) FrameworkII.1.2) Main CPV code66520000 II.1.3) Type of contractServicesII.1.4) Short descriptionThe Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee.II.1.5) Estimated total valueValue excluding VAT: 2 000 000.00 GBPII.1.6) Information about lots This contract is divided into lots: No II.2) DescriptionII.2.3) Place of performanceNUTS code:UKII.2.4) Description of the procurementThe full restructuring & pre-insolvency services are detailed in Annex 6 - RPIS Framework Specification and Appendix 1 - RPIS Service Schedule.Services include:Evaluating employer financial strength Assessing options to include both solvent/consensual restructuring options as well as relevant formal insolvency processesAdvising scheme trustees on appropriate and proportionate ongoing monitoring of the sponsor covenantII.2.5) Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documentsII.2.6) Estimated valueValue excluding VAT: 2 000 000.00 GBPII.2.7) Duration of the contract, framework agreement or dynamic purchasing system Duration in months: 48 This contract is subject to renewal: Yes Description of renewals:The Framework Agreements will be awarded for an initial period of two (2) years. The Framework Agreement may be extended on the same terms and conditions at the Board’s option for a further period or periods not exceeding four (4) years in total (2+1+1).II.2.9) Information about the limits on the number of candidates to be invitedII.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: ProcedureIV.1) DescriptionIV.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 several operators. Envisaged maximum number of participants to the framework agreement: 10IV.1.8) Information about Government Procurement Agreement (GPA) The procurement is covered by the Government Procurement Agreement: Yes IV.2) Administrative informationIV.2.2) Time limit for receipt of tenders or requests to participate Date: 04/11/2024 Local time: 13:00IV.2.4) Languages in which tenders or requests to participate may be submittedENIV.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: 04/11/2024 Local time: 13:00Section VI: Complementary informationVI.1) Information about recurrence This is a recurrent procurement: No VI.4) Procedures for reviewVI.4.1) Review bodyThe Board of the Pension Protection FundRenaissance, 12 Dingwall RoadCroydonCR0 2NAUKVI.4.2) Body responsible for mediation proceduresThe Board of the Pension Protection FundCroydonUK E-mail: commercial.services@ppf.co.ukVI.5) Date of dispatch of this notice30/09/2024 Coding Commodity categories ID Title Parent category 66520000Pension servicesInsurance and pension services Delivery locations ID Description 100UK - All Alert region restrictions The buyer has restricted the alert for this notice to suppliers based in the following regions. ID Description There are no alert restrictions for this notice. About the buyer Main contact:commercialservices@ppf.co.ukAdmin contact:N/aTechnical contact:N/aOther contact:N/a Further information Date Details No further information has been uploaded.