Framework Agreement on Financial Advisory Services

The Danish state, repesented by the Ministry of Finance

The state has full or partial ownership in a number of companies and businesses, etc. Add to this a number of state institutions within the public budgetary system which have activities with business-like characteristics.
Analyses within the area of companies will in a number of cases require external consulting assistance in the form of advice regarding financial issues.
The Contracting Authority wants to enter into a framework agreement regarding provision of financial advice within each of the 3 lots mentioned below:
— Lot 1: Corporatizations, etc.
In connection with deliberations regarding a corporatization (i.e. transforming a government entity into e.g. an Independent Public Enterprise or a limited company), or the sale of a government entity's assets in the form of an asset sale, there will be a need for prior analyses of the entity's business case, as well as of its assets and liabilities.
The part agreement includes analyses of a government entity's business case as well as valuation of assets and liabilities. This kind of analysis will typically form the basis for the establishment of the opening balance sheet of a new company, including the establishment of an appropriate capital structure.
— Lot 2: Owner decisions regarding specific transactions in state-owned companies.
As part of its execution of ownership in state-owned companies, the state sometimes needs to consider certain specific transactions by a state-owned company, either because there is a formal requirement for the state's approval, or because the state's approval is required by the state's ownership policy.
Firstly, this applies to the extent that state-owned companies are considering significant transactions, including investments, acquisitions, divestments, etc., which are not within the company's current strategy.
Secondly, this applies to specific proposals for changes to the capital structure of state-owned enterprises, including capital increases as well as capital reductions.
The part agreement covers analyses of the financial and strategic implications for the state as an owner of such specific transactions.
— Lot 3: Ongoing monitoring and deliberations by the state.
When executing ownership regarding a state-owned company, the state must be able to make qualified assessments of the enterprise's strategic direction, objectives and performance. As part of its ownership execution, the state might also consider the possibility of selling all or part(s) of a company.
The part agreement covers analyses of, for example, the conditions, strategic direction and objectives for the company's development, including the return on capital, capital structure and cost-efficiency of the enterprise. In addition, the part agreement covers analyses of the companies' framework conditions, business and strategy, as part of the preparations prior to a potential decision to divest all or part of a company.
The Framework Agreement can be used by the Danish state. When state authorities which are not the Ministry of Finance want to use the Framework agreement, the authority in question shall apply to the Ministry of Finance which shall approve such use.

Deadline

Fristen for modtagelse af bud var på 2015-01-24. Indkøbet blev offentliggjort på 2014-12-09.

Leverandører

Følgende leverandører er nævnt i tildelingsbeslutninger eller andre indkøbsdokumenter:

• Danske Bank A/S
• Deloitte Statsautoriseret Revisionspartnerselskab
• Ernst & Young P/S
• McKinsey & Company
• Morgan Stanley and Co
• Morgan Stanley and Co.
• NM Rothschild and Sons Limited
• PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab
• SEB Corporate Finance

Hvem?

• The Danish state, repesented by the Ministry of Finance

Hvad?

Hvor?

• Danmark › Hovedstaden

Indkøbshistorik

Dato	Dokument
2014-12-09	Udbudsbekendtgørelse
2015-06-09	Bekendtgørelse om indgåede kontrakter

Udbudsbekendtgørelse (2014-12-09)
Objekt
Omfanget af udbuddet
Titel: Forretningstjenesteydelser: forskrifter, markedsføring, rådgivning, rekruttering, trykning og sikkerhed
Mængde eller omfang: 50 000 000100 000 000
Bekendtgørelsens metadata
Originalsprog: engelsk 🗣️
Dokumenttype: Udbudsbekendtgørelse
Kontraktens art: Tjenesteydelser
Forordning: Den Europæiske Union, med deltagelse af GPA-lande
Fælles glossar for offentlige kontrakter (CPV)
Kode: Forretningstjenesteydelser: forskrifter, markedsføring, rådgivning, rekruttering, trykning og sikkerhed 📦

Procedure
Procedureform: Offentligt udbud
Bud-type: Indsendelse gældende for alle delaftaler
Kriterier for tildeling
Det økonomisk mest fordelagtige bud

Ordregivende myndighed
Identitet
Land: Danmark 🇩🇰
Type af ordregivende myndighed: Ministerium eller anden myndighed på nationalt plan eller forbundsplan
Navn på ordregivende myndighed: The Danish state, repesented by the Ministry of Finance
Postadresse: Christiansborg Slotsplads 1
Postnummer: 1218
Postby: Copenhagen
Kontakt
Internetadresse: http://www.fm.dk 🌏
E-mail: raslb@fm.dk 📧
Telefon: +45 22784127 📞

Reference
Datoer
Afsendelsesdato: 2014-12-09 📅
Tilbudsfrist: 2015-01-24 📅
Offentliggørelsesdato: 2014-12-13 📅
Identifikatorer
Bekendtgørelsesnummer: 2014/S 241-424486
EUT-S-nummer: 241
Yderligere oplysninger

Should a company both submit a bid alone and as part of a coalition of companies, the company must not influence the contents of the coalition's bid or vice versa. The contracting Authority reserves the right to demand that the company gives proof that no such influence has been exercised. The contracting Authority reserves the right to complete the procedure regarding one or two of the lots although the procedure has not been completed for the remaining lot(s). The Contracting Authority reserves the right to cancel the procedure regarding one or more lots, should the contracting authority not be satisfied that the Framework Agreement regarding one or more lot(s) have/has experienced sufficient competition. Tenders are submitted electronically via a special homepage. The address for the homepage appears from clause I. 1). It will not be possible to submit tenders in any other way, for example in writing by letter. In order to submit tenders electronically, the Tenderer will have to have a computer with Internet access and the software Adobe Acrobat (version 6 or later) installed. If the Tenderer only has Acrobat Reader installed, the parts of the tender material available as pdf files on the special homepage can be read by the Tenderer, but the Tenderer will not be able to submit electronic tenders by means of this software. The special homepage includes text sections with instructions for the electronic submission of tenders.

Objekt
Omfanget af udbuddet
Anslået værdi uden moms: 50 000 000 💰
100 000 000 💰
Kort beskrivelse:

Analyses within the area of companies will in a number of cases require external consulting assistance in the form of advice regarding financial issues.

The Contracting Authority wants to enter into a framework agreement regarding provision of financial advice within each of the 3 lots mentioned below:

— Lot 1: Corporatizations, etc.

In connection with deliberations regarding a corporatization (i.e. transforming a government entity into e.g. an Independent Public Enterprise or a limited company), or the sale of a government entity's assets in the form of an asset sale, there will be a need for prior analyses of the entity's business case, as well as of its assets and liabilities.

The part agreement includes analyses of a government entity's business case as well as valuation of assets and liabilities. This kind of analysis will typically form the basis for the establishment of the opening balance sheet of a new company, including the establishment of an appropriate capital structure.

— Lot 2: Owner decisions regarding specific transactions in state-owned companies.

As part of its execution of ownership in state-owned companies, the state sometimes needs to consider certain specific transactions by a state-owned company, either because there is a formal requirement for the state's approval, or because the state's approval is required by the state's ownership policy.

Firstly, this applies to the extent that state-owned companies are considering significant transactions, including investments, acquisitions, divestments, etc., which are not within the company's current strategy.

Secondly, this applies to specific proposals for changes to the capital structure of state-owned enterprises, including capital increases as well as capital reductions.

The part agreement covers analyses of the financial and strategic implications for the state as an owner of such specific transactions.

— Lot 3: Ongoing monitoring and deliberations by the state.

When executing ownership regarding a state-owned company, the state must be able to make qualified assessments of the enterprise's strategic direction, objectives and performance. As part of its ownership execution, the state might also consider the possibility of selling all or part(s) of a company.

The part agreement covers analyses of, for example, the conditions, strategic direction and objectives for the company's development, including the return on capital, capital structure and cost-efficiency of the enterprise. In addition, the part agreement covers analyses of the companies' framework conditions, business and strategy, as part of the preparations prior to a potential decision to divest all or part of a company.

The Framework Agreement can be used by the Danish state. When state authorities which are not the Ministry of Finance want to use the Framework agreement, the authority in question shall apply to the Ministry of Finance which shall approve such use.

Delkontraktnummer: 1
Delkontraktens titel: Lot 1: Corporatizations, etc.
Kort beskrivelse: Cf. II.1.5).
Yderligere oplysninger om delkontrakterne:

The Tenderer may tender for 1, 2 or 3 lots. The Tenderer can only submit 1 tender per lot.

Delkontraktnummer: 2
Delkontraktens titel: 2: Owner decisions regarding specific transactions in state-owned companies
Delkontraktnummer: 3
Delkontraktens titel: 3: Ongoing monitoring and deliberations by the state
Varighed: 48 måneder
Sted for udførelsen
Hovedsted eller sted for udførelsen: Copenhagen.

Juridiske, økonomiske, finansielle og tekniske oplysninger
Betingelser for deltagelse
Egnethed til at udøve det erhverv:

The following documentation must be included in the request:

— Either a sworn statement as to whether the company has unpaid debts due to any public authority, cf. the Danish law no 336 of 13.5.1997 on limitation of debtors to participate in public tenders and on amendments to certain other laws. The law can be downloaded from www.retsinformation.dk

The Contracting Authority has prepared a template of the declaration which is available on the special website, cf. item I.1 ) and VI.3 ),

— Or an electronic copy of a service certificate from…

… the Danish Business Authority containing the same information,

… a corresponding foreign authority containing the same information. Note that it may be necessary to supplement the foreign certificate with a sworn statement of conditions which might not be covered by the certificate (for example, about the company's compliance with its obligations in Denmark). It is important that solemn declaration/service certificate relates specifically to a legal entity (e.g. company), hence the request that on any coalition of companies (e.g. a consortium ) the information must be given for each participating company.

Kontraktens udførelse
Den juridiske form, som den sammenslutning af økonomiske aktører, der skal have kontrakten, skal have:

No special legal form is required, but each company will be required to become jointly and severally responsible for the contract before acceptance. When a coalition of companies gives a bid as 1 Tenderer, the companies have to appoint 1 of the suppliers the power of attorney to act on behalf of the coalition in relation to the procedure.

Andre særlige vilkår:

According to ILO convention no 94 on work clauses in public contracts, the Danish state is obliged to ensure that the Consulting Firm and any subcontractors ensure employees working in Denmark salaries and wages (including special allowances), working hours and other working conditions which are not less favourable than those applying according to current collective agreement, arbitration order, national legislation or administrative regulations for the same kind of work within the trade or industry in question in the area where the work is carried out.

A collective agreement representative of the general rules in Denmark within the sector in question can when relevant be used as a basis for comparison.

The Consulting Firm shall ensure employees working in Denmark on the provision of the services according to the present Framework Agreement wages and working conditions as stated above and shall be obliged to inform the employees of the working conditions in question. This shall also apply to work carried out by subcontractors or individuals to whom the Framework Agreement has been transferred for execution. In these cases the Consulting Firm shall ensure that the above mentioned requirements are met.

Procedure
Maksimalt antal operatører i rammeaftalen: 12
Rammeaftalens varighed i år: 4
Tilbuddets gyldighedsperiode: 3 måneder
Dato for åbning af tilbud: 2015-01-24 📅
Sted for åbning: Ministry of Finance.
Sted: Ministry of Finance.
Kriterier for tildeling
Kriterium: 1. The quality of the Tenderer's solution (80)
2. Price (20)
Sprog
Sprog: engelsk 🗣️

Ordregivende myndighed
Kontakt
Enhed: The Ministry of Finance
Rasmus Lønborg
Køberprofilens adresse: http://www.fm.dk 🌏
URL til deltagelse: https://www.ethics.dk/asp5/tender/oes_1401_20141205.nsf/dspleafs/enwelcome?OpenDocument 🌏
E-mail: kfst@kfst.dk 📧
URL til dokumenter: https://www.ethics.dk/asp5/tender/oes_1401_20141205.nsf/dspleafs/enwelcome?OpenDocument 🌏

Reference
Yderligere oplysninger

Should a company both submit a bid alone and as part of a coalition of companies, the company must not influence the contents of the coalition's bid or vice versa.

The contracting Authority reserves the right to…

… demand that the company gives proof that no such influence has been exercised.

… complete the procedure regarding one or two of the lots although the procedure has not been completed for the remaining lot(s). The Contracting Authority reserves the right to cancel the procedure regarding one or more lots, should the contracting authority not be satisfied that the Framework Agreement regarding one or more lot(s) have/has experienced sufficient competition.

Tenders are submitted electronically via a special homepage. The address for the homepage appears from clause I. 1). It will not be possible to submit tenders in any other way, for example in writing by letter.

In order to submit tenders electronically, the Tenderer will have to have a computer with Internet access and the software Adobe Acrobat (version 6 or later) installed. If the Tenderer only has Acrobat Reader installed, the parts of the tender material available as pdf files on the special homepage can be read by the Tenderer, but the Tenderer will not be able to submit electronic tenders by means of this software.

The special homepage includes text sections with instructions for the electronic submission of tenders.

Supplerende oplysninger
Gennemgå organ
Navn: Klagenævnet for udbud
Postadresse: Dahlerups Pakhus, Langelinje Allé 17
Postby: Copenhagen Ø
Postnummer: 2100
Land: Danmark 🇩🇰
E-mail: klfu@klfu.dk 📧
Telefon: +45 35291000 📞
Internetadresse: http://www.klfu.dk 🌏
Navn: There is no body of mediation procedures in Denmark.
Oplysninger om frister for klageprocedurer:

Precise information on deadlines for complaints: According to the Danish Law on Enforcement of procurement rules, etc. (håndhævelsesloven which is available at www.retsinformation.dk), the following deadlines apply for lodging appeals:

1) 45 calendar days after the Contracting Authority has published a notice in the Official Journal of the contracting authority has entered into a contract. The period begins on the day following the day on which the notice has been published.

2) 30 calendar days from the day following the day on which the contracting authority informed the tenderers that a contract based on a Framework Agreement with reopening of competition is made if the notification contains a short summary of the relevant reasons for the decision.

3) 6 months after the contracting authority has signed a framework contract from the day following the day on which the customer has informed the applicants and bidders on, cf. § 2, 2.

Complaint submitted to the Complaints Board shall be turned in to the Contracting Authority in writing at the latest at the same time as the complaint has been submitted to the Complaints Board. It has to be stated clearly whether the complaint has been lodged in the standstill period referred to in § 3, 1. In cases where the complaint is not filed in the standstill period, the claimant must also indicate whether a suspensory effect of the appeal has been requested, cf. § 12. The Complaints Board for Public Procurement e-mail address is specified in section VI.4.1).

Tjeneste, hvorfra der kan indhentes oplysninger om klageproceduren
Navn: Konkurrence- og Forbrugerstyrelsen
Postadresse: Carl Jacobsens Vej 35
Postby: Valby
Postnummer: 2500
Telefon: +45 41715000 📞
Internetadresse: http://www.kfst.dk 🌏
Tilbagevendende udbud
Within approximately 48 months.
Kilde: OJS 2014/S 241-424486 (2014-12-09)

Bekendtgørelse om indgåede kontrakter (2015-06-09)
Objekt
Bekendtgørelsens metadata
Dokumenttype: Bekendtgørelse om indgåede kontrakter
Forordning: Den Europæiske Union

Procedure
Bud-type: Finder ikke anvendelse

Reference
Datoer
Afsendelsesdato: 2015-06-09 📅
Offentliggørelsesdato: 2015-06-16 📅
Identifikatorer
Bekendtgørelsesnummer: 2015/S 114-207263
Henviser til bekendtgørelse: 2014/S 241-424486
EUT-S-nummer: 114
Yderligere oplysninger

The Ministry of Finance cannot provide the total final value for each lot or the framework agreement as a whole. The estimated total annual value of the framework agreement amounts to 50 000 000 to 100 000 000 DKK excluding VAT as stated in the contract notice.

Objekt
Sted for udførelsen
Hovedsted eller sted for udførelsen: DK01.

Tildeling af kontrakt

1️⃣
Dato for kontraktindgåelse: 2015-02-10 📅
Navn: Deloitte Statsautoriseret Revisionspartnerselskab
Postadresse: Weidekampsgade 6
Postby: Copenhagen
Postnummer: 2300
Land: Danmark 🇩🇰

2️⃣
Navn: Ernst & Young P/S
Postadresse: Oswald Helmuths Vej 4
Postby: Frederiksberg
Postnummer: 2000

3️⃣
Navn: McKinsey & Company
Postadresse: Ved Stranden 14
Postby: Copenhagen K
Postnummer: 1061

4️⃣
Navn: PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab
Postadresse: Strandvejen 44
Postby: Hellerup
Postnummer: 2900

5️⃣

6️⃣
Navn: Morgan Stanley and Co.
Postadresse: 20 Bank Street, Canary Wharf
Postby: London
Postnummer: E14 4AD
Land: Storbritannien 🇬🇧

7️⃣
Navn: Danske BAnk A/S
Postadresse: Holmens Kanal 2-12
Postnummer: 1092

8️⃣
Navn: SEB Corporate Finance
Postadresse: Bernstorffsgade 50
Postby: Copenhagen V
Postnummer: 1577

9️⃣

1️⃣0️⃣
Navn: NM Rothschild and Sons Limited
Postadresse: New Court, St. Swithins Lande
Postnummer: EC4N 8AL

1️⃣1️⃣
Navn: Morgan Stanley and Co
Postadresse: 20 Bank Street Canary Wharf

1️⃣2️⃣
Oplysninger om udbud
Antal modtagne bud: 5
9

Ordregivende myndighed
Kontakt
Land: Danmark 🇩🇰

Supplerende oplysninger
Gennemgå organ
Oplysninger om frister for klageprocedurer: See contract notice.
Kilde: OJS 2015/S 114-207263 (2015-06-09)

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