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Services - 262682-2021

26/05/2021    S100

Belgium-Brussels: Expert Valuation Support in the Context of the State Aid Framework Applicable to Financial Institutions

2021/S 100-262682

Contract award notice

Results of the procurement procedure

Services

Legal Basis:
Regulation (EU, Euratom) No 2018/1046

Section I: Contracting authority

I.1)Name and addresses
Official name: European Commission, Directorate-General for Competition (COMP)
Postal address: Madouplein 1
Town: Brussels
NUTS code: BE10 Région de Bruxelles-Capitale / Brussels Hoofdstedelijk Gewest
Postal code: B-1049
Country: Belgium
E-mail: COMP-D3-D4-D5@ec.europa.eu
Internet address(es):
Main address: http://ec.europa.eu/competition/
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:

Expert Valuation Support in the Context of the State Aid Framework Applicable to Financial Institutions

Reference number: COMP/2020/OP/0001
II.1.2)Main CPV code
79410000 Business and management consultancy services
II.1.3)Type of contract
Services
II.1.4)Short description:

The Commission requires support from experts for specific valuation tasks related to the State aid framework applicable to financial institutions. Member States can provide support to financial institutions, including the possibility to provide compatible State aid. Such situations may include the application of the 2013 Banking Communication, the Bank Recovery and Resolution Directive (BRRD) as well as other relevant Guidance by the Commission like the Impaired Asset Communication and the Guarantee Notice.

The application of these legal frameworks regularly requires the valuation of certain asset portfolios and corresponding liabilities. With this framework contract, the Commission intends to select experts in two separate lots, related to (i) providing expert support for such valuation work, as well as (ii) expert support on conceptual and methodological questions related to such valuations.

II.1.6)Information about lots
This contract is divided into lots: yes
II.1.7)Total value of the procurement (excluding VAT)
Value excluding VAT: 10 000 000.00 EUR
II.2)Description
II.2.1)Title:

Valuation of Asset Portfolios

Lot No: 1
II.2.2)Additional CPV code(s)
79410000 Business and management consultancy services
II.2.3)Place of performance
NUTS code: BE10 Région de Bruxelles-Capitale / Brussels Hoofdstedelijk Gewest
II.2.4)Description of the procurement:

Valuation of asset portfolios – expert support in valuating certain identified asset portfolios and associated liabilities within a short time frame and further related expert support in the context of State aid assessments for financial institutions.

II.2.5)Award criteria
Quality criterion - Name: Approach to impaired assets and relief measures / Weighting: 30
Quality criterion - Name: Proposed methodology / Weighting: 30
Quality criterion - Name: Technical and human resources mobilised / Weighting: 20
Quality criterion - Name: Quality Control measures / Weighting: 20
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 internet address provided in section I.3).

II.2)Description
II.2.1)Title:

Methodological Support for Valuation

Lot No: 2
II.2.2)Additional CPV code(s)
79410000 Business and management consultancy services
II.2.3)Place of performance
NUTS code: BE10 Région de Bruxelles-Capitale / Brussels Hoofdstedelijk Gewest
II.2.4)Description of the procurement:

Methodological support for valuation of asset portfolios – expertise on conceptual issues (theoretical and applied) relating to the treatment of specifically identified assets or liabilities and their valuation in the context of State aid assessments for financial institutions.

II.2.5)Award criteria
Quality criterion - Name: Approach to impaired assets and relief measures / Weighting: 30
Quality criterion - Name: Proposed methodology / Weighting: 40
Quality criterion - Name: Technical resources mobilised / Weighting: 10
Quality criterion - Name: Quality Control measures / Weighting: 20
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 internet address provided in section I.3).

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
The procurement involves the establishment of a framework agreement
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: 2020/S 129-314982
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: COMP/2020/OP/0001
Lot No: 1
Title:

Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 9
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 4
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 9
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Deloitte Bedrijfsrevisoren/Reviseurs D’entreprises
Town: Zaventem
NUTS code: BE24 Prov. Vlaams-Brabant
Country: Belgium
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 8 800 000.00 EUR
Total value of the contract/lot: 8 800 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 1
Title:

Valuation of Asset portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 9
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 4
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 9
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: ERNST and Young Strategy and Transactions
Town: Diegem
NUTS code: BE24 Prov. Vlaams-Brabant
Country: Belgium
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 8 800 000.00 EUR
Total value of the contract/lot: 8 800 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 1
Title:

Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 9
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 4
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 9
The contract has been awarded to a group of economic operators: yes
V.2.3)Name and address of the contractor
Official name: Grant Thornton Corporate Finance Ltd
Town: Dublin
NUTS code: IE061 Dublin
Country: Ireland
The contractor is an SME: no
V.2.3)Name and address of the contractor
Official name: Warth & Klein Grant Thornton AG Wirtschaftsprüfungsgesellschaft
Town: Düsseldorf
NUTS code: DEA1 Düsseldorf
Country: Germany
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 8 800 000.00 EUR
Total value of the contract/lot: 8 800 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 1
Title:

Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 9
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 4
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 9
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Oliver Wyman BVBA
Town: Brussels
NUTS code: BE10 Région de Bruxelles-Capitale / Brussels Hoofdstedelijk Gewest
Country: Belgium
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 8 800 000.00 EUR
Total value of the contract/lot: 8 800 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 1
Title:

Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 9
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from other EU Member States: 4
Number of tenders received from tenderers from non-EU Member States: 1
Number of tenders received by electronic means: 9
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Pricewaterhouse Coopers EU Services EESV
Town: Sint Stevens Woluwe
NUTS code: BE10 Région de Bruxelles-Capitale / Brussels Hoofdstedelijk Gewest
Country: Belgium
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 8 800 000.00 EUR
Total value of the contract/lot: 8 800 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 2
Title:

Methodological Support for Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 2
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Schoutens.be BV
Town: Leuven
NUTS code: BE242 Arr. Leuven
Country: Belgium
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: 1 200 000.00 EUR
Total value of the contract/lot: 1 200 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 2
Title:

Methodological Support for Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 2
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Deloitte Bedrijfsrevisoren/Reviseurs d’Entreprises
Town: Zaventem
NUTS code: BE24 Prov. Vlaams-Brabant
Country: Belgium
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 1 200 000.00 EUR
Total value of the contract/lot: 1 200 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 2
Title:

Methodological Support for Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 2
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: yes
V.2.3)Name and address of the contractor
Official name: KPMG Asesores SL
Town: Madrid
NUTS code: ES30 Comunidad de Madrid
Country: Spain
The contractor is an SME: no
V.2.3)Name and address of the contractor
Official name: KPMG Advisory SPA
Town: Milano
NUTS code: ITC4C Milano
Country: Italy
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 1 200 000.00 EUR
Total value of the contract/lot: 1 200 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 2
Title:

Methodological Support for Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 2
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
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 GmbH
Town: Berlin
NUTS code: DE30 Berlin
Country: Germany
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: 1 200 000.00 EUR
Total value of the contract/lot: 1 200 000.00 EUR
V.2.5)Information about subcontracting

Section V: Award of contract

Contract No: COMP/2020/OP/0001
Lot No: 2
Title:

Methodological Support for Valuation of Asset Portfolios

A contract/lot is awarded: yes
V.2)Award of contract
V.2.1)Date of conclusion of the contract:
26/04/2021
V.2.2)Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 2
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor
Official name: Oliver Wyman BVBA
Town: Brussels
NUTS code: BE10 Région de Bruxelles-Capitale / Brussels Hoofdstedelijk Gewest
Country: Belgium
The contractor is an SME: no
V.2.4)Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: 1 200 000.00 EUR
Total value of the contract/lot: 1 200 000.00 EUR
V.2.5)Information about subcontracting

Section VI: Complementary information

VI.3)Additional information:

See internet address provided in section I.3).

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

See internet address provided in section I.3).

VI.5)Date of dispatch of this notice:
19/05/2021