Services - 267173-2019
10/06/2019    S110

Belgium-Brussels: Study on Primary and Secondary Equity Markets in the European Union

2019/S 110-267173

Contract award notice

Results of the procurement procedure

Services

Legal Basis:
Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses
Official name: European Commission — Directorate General for Financial Stability, Financial Services and Capital Markets Union
Postal address: SPA2, 07/027
Town: Brussels
NUTS code: BE100 Arr. de Bruxelles-Capitale / Arr. van Brussel-Hoofdstad
Postal code: 1049
Country: Belgium
E-mail: ec-fisma-contracts@ec.europa.eu
Internet address(es):
Main address: https://ec.europa.eu/info/departments/financial-stability-financial-services-and-capital-markets-union_en
I.4)Type of the contracting authority
European institution/agency or international organisation
I.5)Main activity
General public services

Section II: Object

II.1)Scope of the procurement
II.1.1)Title:

Study on Primary and Secondary Equity Markets in the European Union

Reference number: FISMA/2018/088/C
II.1.2)Main CPV code
79310000 Market research services
II.1.3)Type of contract
Services
II.1.4)Short description:

The purpose of the contract is to obtain a comprehensive analysis of primary and secondary equity markets in the EU, focusing in particular on listing/delisting decisions and the drivers of liquidity. The aim is to identify the problems that impede the development of these markets and possible options for public intervention to improve market development and the use of market-based equity financing by EU companies.

II.1.6)Information about lots
This contract is divided into lots: no
II.1.7)Total value of the procurement (excluding VAT)
Value excluding VAT: 399 536.00 EUR
II.2)Description
II.2.2)Additional CPV code(s)
73210000 Research consultancy services
79311000 Survey services
79311100 Survey design services
79311200 Survey conduction services
79311300 Survey analysis services
79311410 Economic impact assessment
79314000 Feasibility study
79311400 Economic research services
66171000 Financial consultancy services
72321000 Added-value database services
72322000 Data management services
II.2.3)Place of performance
NUTS code: 00 Not specified
Main site or place of performance:

The tasks are to be performed at the premises designated by the contractor. A maximum of four co-ordination meetings with the Contracting Authority will be held in Brussels.

II.2.4)Description of the procurement:

The contractor is expected to:

1) Provide an overview of EU equity markets and their characteristics;

2) Provide an in-depth analysis of the functioning of the primary market in the EU, in particular reasons for listings and delistings;

3) Provide an in-depth analysis of the functioning of secondary market the EU, in particular reasons for success or failure of trading venues to attract liquidity, having regard to what incentives different types of market participants to provide liquidity or trade on a trading venue;

4) Develop scenarios outlining possible development paths for the future architecture of primary and secondary equity markets in the EU, considering different policy choices as well as technological developments that can lead to changes in the equity markets in the EU.

II.2.5)Award criteria
Quality criterion - Name: Quality and relevance of the proposed methodology / Weighting: 75
Quality criterion - Name: Organisation of the work / Weighting: 15
Quality criterion - Name: Quality control measures / Weighting: 10
Price - Weighting: 30
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
II.2.14)Additional information

See procurement documents.

Section IV: Procedure

IV.1)Description
IV.1.1)Type of procedure
Open procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.8)Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: yes
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure
Notice number in the OJ S: 2018/S 249-575307
IV.2.8)Information about termination of dynamic purchasing system
IV.2.9)Information about termination of call for competition in the form of a prior information notice

Section V: Award of contract

Contract No: FISMA/2018/088/B1/ST/OP
Title:

Study on Primary and Secondary Equity Markets in the European Union

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
27/05/2019
V.2.2)Information about tenders
Number of tenders received: 3
Number of tenders received from SMEs: 1
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Oxera Consulting LLP
National registration number: OC392464
Postal address: 40/41 Park End Street
Town: Oxford
NUTS code: UK UNITED KINGDOM
Postal code: OX1 1JD
Country: United Kingdom
The contractor is an SME: yes
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 400 000.00 EUR
Total value of the contract/lot: 399 536.00 EUR
V.2.5)Information about subcontracting
The contract is likely to be subcontracted

Section VI: Complementary information

VI.3)Additional information:

See procurement documents.

VI.4)Procedures for review
VI.4.1)Review body
Official name: General Court of the Court of Justice of the European Union
Postal address: rue du Fort Niedergrünewald
Town: Luxembourg
Postal code: 2925 Luxembourg
Country: Luxembourg
E-mail: generalcourt.registry@curia.europa.eu
Telephone: +352 4303-1
Fax: +352 4303-2100
Internet address: http://curia.europa.eu/
VI.4.3)Review procedure
Precise information on deadline(s) for review procedures:

Within 2 months of the notification given to the plaintiff or, in the absence thereof, from the day it came to knowledge.

VI.5)Date of dispatch of this notice:
03/06/2019