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Requests for proposals
As a public agency, the FRR is required to select its contractors using the French government procurement process. In addition to publishing mandatory announcements in official gazettes, the FRR communicates on the launch of its RFPs via the print media and its website. The documents needed to reply to RFPs can be downloaded from the French government’s e-bidding platform at the following URL:
http://www.achatpublic.com/accueil/frr/eng/medias/index.php
In accordance with the regulations governing the FRR (Article R-135-27 of the CSS), the manager selection committee issues an opinion to the FRR Executive Board on the selection of proposals submitted by prospective asset managers.
The FRR uses three different government procurement procedures for selecting its managers (including the overlay manager) and its transition broker: the open procedure, the restricted procedure and the competitive dialogue procedure.
The open procedure
The open procedure is characterized by the fact that candidates send their application expressing interest and their proposal at the same time. The selection process remains two-step, however:
- Analysis of applicants: the FRR examines the applications it receives and makes its choice on the basis of the professional, technical and financial capacity of applicants. At the end of this phase, applicants deemed able to execute the required service are short-listed.
- For the short-listed applicants alone, the proposals are opened and reviewed: the FRR makes its analysis and selection on the basis of the criteria indicated in the contracting documents and the public announcement of the RFP. Companies selected receive a letter to this effect and must in return submit the final documents that the FRR may request. At this time, the Fund notifies those it has selected to serve as contractors for the service. As of this date, the execution of the contract commences. Candidates that are not selected receive a letter announcing this decision. There is no possibility of negotiation with candidates under this type of RFP.
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To know more
Please note that these online resources are in French.
MINEFI – French Ministry of the Economy, Finance and Industry : government e-bidding platform
For more information about the government procurement process, go to : European Commission