Tender for Fund Investment Adviser – Greater Manchester

Tender for Fund Investment Adviser – Greater Manchester

The Greater Manchester Combined Authority are looking to procure an Investment adviser.

United Kingdom-Salford: Financial and insurance services

2019/S 247-609512

Contract notice


Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Official name: Greater Manchester Combined Authority
Postal address: Greater Manchester Fire and Rescue Service Headquarters, 146 Bolton Road, Swinton
Town: Salford
NUTS code: UK
Postal code: M27 8US
Country: United Kingdom
Contact person: Ms Bushra Dawood
E-mail: procurement@manchesterfire.gov.uk
Telephone: +44 1616084120Internet address(es):Main address: http://www.manchesterfire.gov.uk/Address of the buyer profile: http://www.manchesterfire.gov.uk/

I.1)Name and addresses

Official name: Greater Manchester Low Carbon UDF Ltd Partnership
Town: Manchester
NUTS code: UK
Country: United Kingdom
E-mail: procurement@manchesterfire.gov.ukInternet address(es):Main address: https://www.greatermanchester-ca.gov.uk/

I.2)Information about joint procurement

The contract involves joint procurement


The procurement documents are available for unrestricted and full direct access, free of charge, at: https://procontract.due-north.com/Advert/Index?advertId=ec72204f-a21d-ea11-80fb-005056b64545
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: https://procontract.due-north.com/Advert/Index?advertId=ec72204f-a21d-ea11-80fb-005056b64545

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


Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Fund

Reference number: DN453447

II.1.2)Main CPV code


II.1.3)Type of contract


II.1.4)Short description:

The GMCA are looking to procure an Investment adviser.

(a) developing the pipeline of potential projects;

(b) arranging the investment in and leading the negotiation and structuring of financial deals which fit within the Investment Policy;

(c) monitoring compliance and risk in accordance with applicable requirements and the eligibility rules, including the pursuit;

(d) managing and arranging relevant investments in order to meet the targets; and

(e) recommending and managing appropriate exit strategies from relevant investments.

Full details on scope of the requirement can be found in the tender pack.

II.1.5)Estimated total value

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: UK

II.2.4)Description of the procurement:

Open notice. details can be found in the tender packs.

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

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

Duration in months: 48
This contract is subject to renewal: no

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 in 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
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
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.1.1)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: 28/01/2020
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:

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

IV.2.7)Conditions for opening of tenders

Date: 28/01/2020
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:
VI.4)Procedures for review

VI.4.1)Review body

Official name: Greater Manchester Combined Authority
Postal address: Greater Manchester Fire and Rescue Service Headquarters, 146 Bolton Road, Swinton
Town: Manchester
Postal code: M27 8US
Country: United Kingdom
VI.4.2)Body responsible for mediation procedures

VI.4.3)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.

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

VI.5)Date of dispatch of this notice: