Official UK procurement notice
For the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2 and Low Carbon Funds
Authority: Greater Manchester Combined Authority (Local council)
Extension to 7th May 2024 5.00pm. Published lot titles: For the provision of Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Funds; The Investment Adviser and Operator Agreement for Evergreen, and (ii) the Investment Adviser and Operator Agreement for Evergreen 2..
What is being bought2 lots · detail below
Published requirement descriptionExtension to 7th May 2024 5.00pm
CPV: Financial and insurance services
Lots and requirements (2)Procurement structure
2 lots · no lot values published · win at most 2 of them · evaluation weights differ by lotLot #1For the provision of Fund Investment Adviser, Operator and Administrator Services for the Low Carbon FundsRenewal
This Invitation to Tender document is issued via The Chest, the North West Procurement portal, and can be accessed using the following link www.the-chest.org.uk ↗.
Contract term 48 months with 2 x 12 month permissible extensions
The scope of the Services may expand and / or contract over the term of the contract(s) to reflect changes to the funding that is made available. Such changes may include, in particular:
(a) increases of up to a maximum 100% of the value of the funds that are made available to the Evergreen and Evergreen 2 and Low Carbon sub-funds (from ERDF funds and/or other funding sources). The currently available funds are £60m for Evergreen, £60m for Evergreen 2 and 30m for Low Carbon. An increase of up to 100% of the value of the sub-funds would take the sub-fund values up to a maximum amount of £120m for Evergreen and £120m for Evergreen 2; and £60mfor Low Carbon,
(b) the reallocation of available funds between the Evergreen 2 and Low Carbon sub-funds (as appropriate) based on factors impacting the performance of the relevant sub-fund including, but not limited to, the successful Tenderer's performance and/or available pipeline.
Tenderers should ensure that they are capable of performing the expanded and / or contracted Services and that the pricing submission in the Tender for the Lot (to become the contractual pricing) will apply equally to any expanded and / or contracted scope (on a pro rata basis, where applicable).
Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal www.the-chest.org.uk ↗
Lot #2The Investment Adviser and Operator Agreement for Evergreen, and (ii) the Investment Adviser and Operator Agreement for Evergreen 2.Renewal
This Invitation to Tender document is issued via The Chest, the North West Procurement portal, and can be accessed using the following link www.the-chest.org.uk ↗.
Contract term 48 months with 2 x 12 month permissible extensions
The scope of the Services may expand and / or contract over the term of the contract(s) to reflect changes to the funding that is made available. Such changes may include, in particular:
(a) increases of up to a maximum 100% of the value of the funds that are made available to the Evergreen and Evergreen 2 and Low Carbon sub-funds (from ERDF funds and/or other funding sources). The currently available funds are £60m for Evergreen, £60m for Evergreen 2 and £30m for Low Carbon. An increase of up to 100% of the value of the sub-funds would take the sub-fund values up to a maximum amount of £120m for Evergreen and £120m for Evergreen 2; and £60m for Low Carbon,
(b) the reallocation of available funds between the Evergreen 2 and Low Carbon sub-funds (as appropriate) based on factors impacting the performance of the relevant sub-fund including, but not limited to, the successful Tenderer's performance and/or available pipeline.
Tenderers should ensure that they are capable of performing the expanded and / or contracted Services and that the pricing submission in the Tender for the Lot (to become the contractual pricing) will apply equally to any expanded and / or contracted scope (on a pro rata basis, where applicable).
Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal www.the-chest.org.uk ↗
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Lots publish different evaluation splits; there is no single procedure weighting.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 30 points on every lot: a 10% discount moves about 3 points.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes
- First published
- 27 Mar 2024, 15:44 GMT
- Last source update
- 30 Apr 2024, 16:18 BST
- Award evaluation window
- 3 May 2024 – …
- Authority reference
DN716281- FTS notice number
2024/S 000-013938- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-044dbfFind a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
- Review procedure
Precise information on deadline(s) for review procedures:
The Greater Manchester Combined Authority will incorporate a minimum 10 calendar days standstill period
at the point information on the award of the contract is communicated to tenderers prior to entering into the
contract. If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts
Regulations 2015 provide for aggrieved parties who have been harmed or are at risk of harm by a breach of
the rules to take action in the High Court (England, Wales and Northern Ireland). Any such action must be
brought promptly. Where a contract has not been entered into, the Court may order the setting aside of the
award decision or order the Authority to amend any document and may award damages. If the contract has
been entered into the Court may, depending on the circumstances, award damages and/or shorten or order the
contract ineffective.
How it was run
Official notice- Submission deadline
- 3 May 2024, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 3 May 2024, 12:05 BST
Timeline
30 Apr 2024 → 3 May 2024 · 3 dates- Notice published30 Apr 2024, 16:18 BST
- Submission deadline3 May 2024, 12:00 BST
- Bids opened3 May 2024, 12:05 BST
Notice history
2 releases on Find a TenderPublished amendments (1 · 1 deadline change)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | DeadlineIV.2.2 | 3 May 2024 | 7 May 2024 | +4 d |
1 amendment published without a description.
Contracting authority & participating public bodies
2 public bodies on the noticeOther public bodies
- European UnionFunder
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria