Published date: 27 March 2024
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
England
Value of contract
£0
Procurement reference
GMCA001-DN716281-21603153
Published date
27 March 2024
Closing date
3 May 2024
Closing time
12pm
Contract start date
3 June 2024
Contract end date
2 June 2028
Contract type
Service contract
Procedure type
Open procedure (above threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The Authorities have engaged GMCA to act as their delivery agent to manage the administrative aspects of this procurement process. GMCA is not the procuring contracting authority for this procurement process and will not be party to any contract(s) entered into.
This tender has been divided into 2 lots:
a) Lot 1 - the provision of the Services to the Evergreen and Evergreen 2 sub-funds; and
b) Lot 2 - the provision of the Services to the Low Carbon sub-fund.
As explained in the contract notice, 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).
The contractual terms
The contractual framework for the Services is provided with this ITT, in Annexes 2, 3 and 6.
Annex 2 - Services Specification contains the service specification for the Investment Adviser which will form Schedule 1 of each Investment Adviser and Operator Agreement (which will be identical for each contract, except as indicated in the spec All Tender documentation can be found at https://www.the-chest.org.uk/
About the buyer
Contact name
Jayne Whitehead
Address
Greater Manchester Fire and Rescue Service Headquarters
146 Bolton Road, Swinton
Salford
M27 8US
England
Telephone
+44 7966025144
jayne.whitehead@greatermanchester-ca.gov.uk
Website
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Closing: 3 May 2024, 12pm
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