Fund Investment Adviser Contract Manchester

Fund Investment Adviser Contract Manchester

Contract for the provision of Fund Investment Adviser, Operator and Administrator Services.

United Kingdom-Manchester: Financial and insurance services

2017/S 032-058053

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Greater Manchester Evergreen 2 Limited Partnership
Room 407, Town Hall
Manchester
M60 2JR
United Kingdom
Contact person: Sean Davies
Telephone: +44 1612344368
E-mail: s.davies3@manchester.gov.uk
Fax: +44 1612747343
NUTS code: UKD3
Internet address(es):Main address: http://www.manchester.gov.uk

Address of the buyer profile: http://www.manchester.gov.uk

I.1)Name and addresses

North West Evergreen Limited Partnership
Room 407, Town Hall
Manchester
M60 2JR
United Kingdom
Contact person: Sean Davies
Telephone: +44 1612344368
E-mail: s.davies3@manchester.gov.uk
NUTS code: UKD3
Internet address(es):Main address: http://www.manchester.gov.uk

Address of the buyer profile: http://www.manchester.gov.uk

I.1)Name and addresses

Greater Manchester Low Carbon UDF Limited Partnership
Room 407, Town Hall
Manchester
M60 2JR
United Kingdom
Contact person: Sean Davies
Telephone: +44 1612344368
E-mail: s.davies3@manchester.gov.uk
NUTS code: UKD3
Internet address(es):Main address: http://www.manchester.gov.uk

Address of the buyer profile: http://www.manchester.gov.uk

I.2)Joint procurement

The contract involves joint procurement

I.3)Communication

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

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

General public services

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

TC908 Contract for the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen.

Reference number: DN241192

II.1.2)Main CPV code

66000000

II.1.3)Type of contract

Services

II.1.4)Short description:

This procurement process is being run jointly by the 3 contracting authorities referred to in Section I.

This procurement process is split into 2 lots:

Lot 1 — relates to the provision of Services to the Evergreen and Evergreen 2 sub-funds; and

Lot 2 — relates to the provision of Services to the Low Carbon sub-fund.

The sub-fund sizes based on currently available funds are 60 000 000 GBP for Evergreen, 45 000 000 GBP for Evergreen 2 and 15 000 000 GBP for Low Carbon. However, the sub-fund size and 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 increases of up to a maximum 100 % of the currently available funds (up to 120 000 000 GBP for Evergreen, 90 000 000 GBP for Evergreen 2 and 30 000 000 GBP for Low Carbon).

II.1.5)Estimated total value

Value excluding VAT: 3 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: yes
Tenders may be submitted for all lots
II.2)Description

II.2.1)Title:

The provision of Fund Investment Adviser, Operator and Administrator Services to the Evergreen and Evergreen 2 sub-funds

Lot No: 1

II.2.2)Additional CPV code(s)

66100000

II.2.3)Place of performance

NUTS code: UKD3

II.2.4)Description of the procurement:

The contract includes (but not limited to):

— developing the pipeline of potential projects, following the origination of potential projects from public sector partners and the successful tenderer’s own network of contacts;

— monitoring compliance and risk in accordance with accountability requirements and the eligibility rules applicable to the sub-funds;

— registering and publishing all notices, statements or other instruments as may be required in relation to the sub-funds;

— maintaining the sub-funds’ financial accounting books, records keeping and perform all other day-to-day operations;

— developing an investment policy and business plan for the sub-funds;

— managing the existing Evergreen portfolio to ensure the achievement of eligible expenditure, output and financial return targets;

— implementing appropriate operational decision making bodies and governance checks and balances; and

— recommending and managing appropriate exit strategies from relevant investments.

II.2.5)Award criteria

Criteria below
Quality criterion – Name: Quality criterion — Name: Staffing / Weighting: 20 %
Quality criterion – Name: Quality criterion — Name: Risk Management / Weighting: 7 %
Quality criterion – Name: Quality criterion — Name: Project Delivery / Weighting: 30 %
Quality criterion – Name: Quality criterion — Name: Implementation / Weighting: 13 %
Cost criterion – Name: Cost criterion — Name: Price for Evergreen / Weighting: 17 %
Cost criterion – Name: Cost criterion — Name: Price for Evergreen 2 / Weighting: 13 %

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: yes
Description of renewals:

The term of either or both of the contracts may be extended at the sole option of the relevant contracting authority on no more than 2 occasions, on each occasion by a period of 1 year, by service of a written notice on the counterparty, provided that such notice is given no later than 3 months before the end of the 5 year initial term or the expiry of an earlier extension (as applicable).

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
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: yes
Identification of the project: Identification of the project: European Regional Development Fund Operational Programme for England 2014-20.

II.2.14)Additional information

Further information about this procurement process can be found in the procurement documents located on THE CHEST (see VI.3).

II.2)Description

II.2.1)Title:

The provision of Fund Investment Adviser, Operator and Administrator Services to the Low Carbon sub-fund

Lot No: 2

II.2.2)Additional CPV code(s)

66100000

II.2.3)Place of performance

NUTS code: UKD3

II.2.4)Description of the procurement:

The contract includes (but are not limited to):

— developing the pipeline of potential projects, following the origination of potential projects from public sector partners and the successful tenderer’s own network of contacts;

— monitoring compliance and risk in accordance with accountability requirements and the eligibility rules applicable to the sub-fund;

— registering and publishing all notices, statements or other instruments as may be required in relation to the sub-fund;

— maintaining the sub-fund’s financial accounting books, records keeping and perform all other day-to-day operations;

— developing an investment policy and business plan for the sub-fund;

— implementing appropriate operational decision making bodies and governance checks and balances; and

— recommending and managing appropriate exit strategies from relevant investments.

II.2.5)Award criteria

Criteria below
Quality criterion – Name: Quality criterion — Name: Staffing / Weighting: 20 %
Quality criterion – Name: Quality criterion — Name: Risk Management / Weighting: 7 %
Quality criterion – Name: Quality criterion — Name: Project Delivery / Weighting: / Weighting: 30 %
Quality criterion – Name: Quality criterion — Name: Implementation / Weighting: 13 %
Cost criterion – Name: Cost criterion — Name: Price for Low Carbon / Weighting: 30 %

II.2.6)Estimated value

Value excluding VAT: 1 000 000.00 GBP

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

Duration in months: 60
This contract is subject to renewal: yes
Description of renewals:

The term of the contract may be extended at the sole option of the contracting authority on no more than 2 occasions, on each occasion by a period of 1 year, by service of a written notice on the counterparty, provided that such notice is given no later than 3 months before the end of the 5 year initial term or the expiry of an earlier extension (as applicable).

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
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: yes
Identification of the project: European Regional Development Fund Operational Programme for England 2014-20.

II.2.14)Additional information

Further information about this procurement process can be found in the procurement documents located on The Chest (see VI.3).

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:

This procurement process involves a qualification step, which all tenderers will be assessed against. The qualification step and associated qualification criteria are set out in the procurement documents which can be found on The Chest. If a tenderer passes the qualification step, they will progress to the award step where the award criteria will be applied to their tender.

Tenderers are asked to provide information confirming their identity and proposed legal structure for delivering the contract(s).

Tenderers will be assessed in accordance with Regulation 57 of the Public Contract Regulations 2015 (SI 2015/102). Tenderers will be given the option to self-clean (where applicable).

III.1.2)Economic and financial standing

List and brief description of selection criteria:

Tenderers will be asked a series of questions that will be scored on a pass/fail basis to assess their economic and financial standing.

Questions require tenderers to confirm that they can provide certain financial information and self certify that specified levels of insurance are in place or can be put in place before the commencement of the contract.

Please refer to the procurement documents for further details.

Minimum level(s) of standards possibly required:

Tenderers are required to meet the pass threshold for all questions. Please refer to the procurement documents for further details.

III.1.3)Technical and professional ability

List and brief description of selection criteria:

Tenderers will be asked a series of questions that will be scored on a pass/fail basis to assess their technical and professional ability. Tenderers will be given the option to self-clean (where applicable).

Questions cover provision of a contract example to demonstrate technical experience and professional ability, compliance with the Equalities Act 2010 (or equivalent) and business continuity.

Please refer to the procurement documents for further details.

Minimum level(s) of standards possibly required:

Tenderers are required to meet the pass threshold for all questions. Please refer to the procurement documents for further details.

III.1.5)Information about reserved contracts
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)Description

IV.1.1)Type of procedure

Open procedure
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: yes
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

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

Date: 15/03/2017
Local time: 12:00
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:

English
IV.2.6)Minimum time frame during which the tenderer must maintain the tender

IV.2.7)Conditions for opening of tenders

Date: 15/03/2017
Local time: 12:00

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:

The Authorities are using the e-business portal known as The Chest www.the-chest.org.uk to conduct the procurement exercise. To gain access to the invitation to tender documents, tenderers will need to register their company details at the above website. Once registered, tenderers will be emailed a log-in password which will allow them to gain access to the invitation to tender documents.

The Authorities are not bound to award a contract as a result of this process. The Authorities will not be liable for any costs incurred by an economic operator in participating in this process, including in the event of termination of, or changes to, the process by the Authorities.

Tenderers that are tendering for both lots may submit two prices for each lot (to include a discounted price to apply if that tenderer is successful in being awarded the contracts under both lots) — please refer to the procurement documents for details.

VI.4)Procedures for review

VI.4.1)Review body

Royal Courts of Justice
London
United Kingdom
VI.4.2)Body responsible for mediation procedures

VI.4.3)Review procedure

Precise information on deadline(s) for review procedures:

In accordance with Part 3 (Remedies) of the Public Contracts Regulations 2015 (S.I. 2015/102).

VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

13/02/2017

 

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