Public procurement notice: Contract Notice
Published: 2019-04-11
Buyer: Norges Bank Investment Management
Country: NO
Contract type: Services
Procedure: Competitive procedure with negotiation
CPV classification: 48000000 | 72000000 | 72250000: System and support services
Estimated value: 8000000 NOK
Submission deadline: 2019-05-15
Award criteria: The most economic tender

Technical requirements: Norges Bank Investment Management (NBIM) main objective for this RFP is to award a contract to one provider for the delivery of an employee personal trading system and for services thereunder, including implementation and maintenance.
The duration of the contract is four (4) years. The estimated value of this contract over a four (4) year period is in the range 6 500 000 — 8 000 000 NOK, but this should only be considered as an estimate and should not in any way be considered binding upon NBIM, and thus the actual contract value may be higher or lower. The estimate is in no way binding for NBIM.
The scope of this RFP is to procure a solution to handle the personal trading and investments by employees and additionally to detect and mitigate conflicts of interest and safeguard the integrity and reputation of Norges Bank.
As such, the system should include a dashboard for employees to easily access their personal transactions and investments and to submit personal trade requests. In addition, the solution should have a user-friendly dashboard for NBIM to manage and review trade requests and generate reporting on employee personal trading. The solution should also be able to maintain a complete case management audit trail.
In addition, and although not the main purpose of the tender, NBIM is seeking possible additional functionality which may or may not be utilised during the contract term. Accordingly, the system should have compliance solutions which are incidental to detect and mitigate conflicts of interests, i.e. gifts and entertainment, outside activities and insider list compliant with market abuse regulation (MAR) The contract will also cover implementation and maintenance of the proposed solution as necessary to support the continued use of the product.
The duration of the contract is four (4) years. The estimated value of this contract over a four (4) year period is in the range 6 500 000 — 8 000 000 NOK, but this should only be considered as an estimate and should not in any way be considered binding upon NBIM, and thus the actual contract value may be higher or lower. The estimate is in no way binding for NBIM.
1) Requirement: tenderers must be a legally established company, partnership, or other suitable business structure, which is organised in accordance with the legislation in the country where they operate. Documentation requirement: company registration certificate from the register of business enterprises, professional register or a trade register in the country where the tenderer is established;
2) Requirement for Norwegian companies only: tenderers must practice their business in accordance with Norwegian laws and regulations on payment and reports on tax and duties. Documentation requirement: tax certificate, not older than 6 months calculated from the deadline for submitting a tender in the contest.
Further details, including the documentation requirements and the ESPD form, are in the RFP document.
3) Requirement: tenderers must have an economic and financial position that enables them to fulfil their contractual obligations throughout the entire contract period. Documentation requirement: current ratio, equity ratio, interest coverage.
4) Requirement: tenderers must have substantial experience from similar assignments. Documentation requirement: an overview of the participant’s experience in the field of personal trading compliance management system, and buy-side and sell-side customer experience: description of similar customer experiences the last 3 years including time period and customers.
Further details, including the documentation requirements and the ESPD form, are in the tender documentation.

Eligibility requirements: An overview and a brief description of requirements: 1) Requirement: tenderers must be a legally established company, partnership, or other suitable business structure, which is organised in accordance with the legislation in the country where they operate. Documentation requirement: company registration certificate from the register of business enterprises, professional register or a trade register in the country where the tenderer is established; 2) Requirement for Norwegian companies only: tenderers must practice their business in accordance with Norwegian laws and regulations on payment and reports on tax and duties. Documentation requirement: tax certificate, not older than 6 months calculated from the deadline for submitting a tender in the contest. Further details, including the documentation requirements and the ESPD form, are in the RFP document.

Award value: 8000000