NCC1819 Business Northumberland Investment Fund (BNIF) - Fund Manager

Legal basis

Id

2023/54

Scheme

UKPGA

Uri

https://www.legislation.gov.uk/ukpga/2023/54/contents ↗

Procedure

Features

The Procurement is being run under a multi-stage competitive procedure ("Competitive Flexible Procedure") pursuant to section 20(2)(b) of the Act. The Contracting Authority intends to follow a Competitive Flexible Procedure for the selection of the successful Supplier, which will involve the following key stages: - Conditions of Participation via a Procurement Specific Questionnaire (PSQ); - Pre-Qualification Shortlisting Assessment; - Issue of Invitation to Submit Initial Tenders (ISIT) to the shortlisted Tenderers; - Negotiation and Dialogue stage; - Invitation to Submit a Final Tender (ISFT) Final Tender Submissions; - Tender Evaluation and selection of preferred Supplier; - Intent to Award/Standstill Period; and - Contract Award Suppliers must submit a response to the Procurement Specific Questionnaire (PSQ) by the deadline specified in the procurement documentation. Following assessment of the PSQ, Suppliers who meet all of the Conditions of Participation of the PSQ will proceed to the Invitation to Submit Initial Tenders (ISIT) stage. The Contracting Authority intends to shortlist a maximum of 6 suppliers to be invited to the ISIT stage. ISIT submissions will not be formally evaluated or scored. The purpose of the ISIT submission is to provide the basis for the subsequent negotiation and dialogue meetings and to enable the Contracting Authority to understand each Supplier's initial proposals. Following the Contracting Authority's review of the ISIT submissions, Suppliers will be invited to attend an individual Tender Negotiation and Dialogue Meeting. These Meetings are scheduled to take place in person on 30th November 2026, 2nd December 2026, 3rd December 2026, 7th December 2026 and 8th December 2026 at Northumberland County Council offices, County Hall, Morpeth, NE61 2EF. Upon completion of the ISIT and Negotiation and Dialogue stages, the Contracting Authority intends to invite the submission of Final Tenders via the Invitation to Submit Final Tender (ISFT) stage.  During ISFT stage the Contracting Authority expects to undertake an evaluation process to identify which Supplier has submitted the Most Advantageous Tender. Following the conclusion of all evaluation activities it is the Contracting Authority's intention to award the Contract. The Contracting Authority reserves the right to vary the procedure and timeframes of the Procurement as set out fully in the procurement documentation. Reasons for this may include, but are not limited to, supporting continued competition, avoiding unnecessary bidding cost and adhering to subsequent technical or legal guidance. Suppliers wishing to be considered for this Contract must register their expression of interest and submit the Procurement Specific Questionnaire (PSQ) and subsequent tender responses through the Open eTendering System. Responses submitted via postal or email methods will not be accepted. If not already registered, suppliers should register on the OPEN eTendering System at https://www.open-uk.org/ If you need technical assistance from the Open Support team, this can be requested via open.support@nepo.org PLEASE NOTE: Open is accessible 24/7 however, technical support is available Monday - Thursday 8:30 - 5pm and Friday 8.30 - 4.30pm For guidance on how to submit your response through Open, please visit: https://www.openhub.org/training to access the available Training Guides.

Covered By

Submission terms

Electronic Submission Policy

allowed

Expected award period

Ends

15 Mar 2027, 23:59

Recurrence