Financial Adviser Tender

Financial Adviser Tender

UU need the support of a Financial Adviser throughout the Project to support and advise through to financial close out.

United Kingdom-Warrington: Corporate finance and venture capital services

2019/S 095-230807

Contract notice – utilities


Legal Basis:

Directive 2014/25/EU

Section I: Contracting entity

I.1)Name and addresses

United Utilities Water Ltd
Lingley Mere Business Park
United Kingdom
Contact person: Amy Foxall
Telephone: +44 1925678021
NUTS code: UKDInternet address(es):Main address: http://www.unitedutilities.comAddress of the buyer profile:

I.2)Information about joint procurement


The procurement documents are available for unrestricted and full direct access, free of charge, at:
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via:
Tenders or requests to participate must be submitted to the abovementioned address

I.6)Main activity


Section II: Object

II.1)Scope of the procurement


Services — Financial Adviser MaPR

Reference number: PRO004240

II.1.2)Main CPV code


II.1.3)Type of contract


II.1.4)Short description:

As part of its PR19 business plan submission, UU included a project provisionally called Manchester and Pennines Resilience (MaPR) which is intended to be delivered via Ofwat’s new Direct Procurement for Customers (DPC) approach.

UU need the support of a Financial Adviser (FA) throughout the Project to support and advise through to financial close out. The project will have a relatively long lead time until anticipated financial close (summer 2022).

II.1.5)Estimated total value

Value excluding VAT: 2 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no

II.2.2)Additional CPV code(s)


II.2.3)Place of performance

NUTS code: UKD

II.2.4)Description of the procurement:

The appointed FA must demonstrate good experience in working on projects that have been required to satisfy the criteria set out in HM Treasury 5 Case Model for Project Appraisal (the Green Book) and have strong credentials in assisting clients to prepare Businesses Cases under this model within similar timescales.

Experience in UK infrastructure projects and a UK regulated utilities environment will be highly desirable, particularly in advising on projects which have the UK Government and/or UK Economic Regulators as key stakeholders.

In particular, it will be important that the FA can demonstrate continuity (including effectively handling changes in key engagement team personnel) to consistently deliver the required services over such a timeframe.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 2 000 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60
This contract is subject to renewal: no

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged number of candidates: 5
Objective criteria for choosing the limited number of candidates:

The company is seeking to issue the invitation to negotiate to up to 5 applicants (selected on the basis of the highest scores).

If the score differential between the Applicant ranked 4th and 5th is greater than 25 %, the company reserves the right to take only the top 4 ranked Applicants through to the invitation to negotiate stage.

A total of no more than 5 applicants will be invited, regardless of the closeness of scores. Where a lower number of applicants than 5 satisfy the company’s minimum levels, that lower number will be invited.

II.2.10)Information about variants

Variants will be accepted: yes

II.2.11)Information about options

Options: yes
Description of options:

The initial contract term from award of the FA is expected to be 3 years, the duration of the agreement may be extended beyond financial close for up to a further 2 years. The period of these extensions will be at the company’s discretion. Extensions may be taken up if there is a delay to the project or if FA support is required post financial close out.

II.2.12)Information about electronic catalogues

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

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

Please refer to procurement documents.

III.1.2)Economic and financial standing

List and brief description of selection criteria:

Please refer to procurement documents.

Minimum level(s) of standards possibly required:

Please refer to procurement documents.

III.1.3)Technical and professional ability

List and brief description of selection criteria:

Please refer to procurement documents.

Minimum level(s) of standards possibly required:

Please refer to procurement documents.

III.1.4)Objective rules and criteria for participation
III.1.5)Information about reserved contracts
III.1.6)Deposits and guarantees required:
III.1.7)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.8)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure


IV.1.1)Type of procedure

Negotiated procedure with prior call for competition
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information

IV.2.1)Previous publication concerning this procedure

Notice number in the OJ S: 2017/S 124-252891

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 03/06/2019
Local time: 10:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

IV.2.4)Languages in which tenders or requests to participate may be submitted:

IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

High Court of England and Wales
City of Westminster
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice: