Published date: 11 August 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 26 October 2022, 1pm

Contract summary

Industry

  • Financial management consultancy services - 79412000

Location of contract

London

Value of contract

£322,000

Procurement reference

CCS00000046

Published date

11 August 2023

Closing date

26 October 2022

Closing time

1pm

Contract start date

13 March 2023

Contract end date

12 March 2025

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

North London Waste Authority (the Authority) is seeking a consultant to provide financial services for the development of a Carbon Capture and Storage (CCS) facility at the Edmonton EcoPark and integration with a potential future CO2 transport and permanent storage solution.

This procurement relates to the Strategic Assessment Stage, Stages 1 and 2. However, progression from the Strategic Assessment Stage to subsequent stages will require approval from the Authority's Members and will be subject to satisfying the requirements of the gateway project assurance process as per HM Treasury Guidance. The Authority may, subject to the relevant approvals being in place, progress to Stage 1 and 2.

For the overall CCS project, the Authority will use the staged approach as outlined in the HM Treasury guidance to developing the project business case. Stages 3 to 5 are not part of this appointment. The stages are summarised below:

Strategic Assessment: Determining the strategic context and undertaking the Strategic Assessment - Enabling early decision-making and governance over early-stage funding. Clarifying options and agreeing assumptions and building the strategic case with industry and transport and storage operators.

Stage 1: Business Justification - Scoping the scheme and preparing the Strategic Outline Case - Narrowing the options to a target solution and enabling delivery through appropriate stakeholder partnerships and agreements.

Stage 2: Planning the scheme and preparing the Outline Business Case - Refinement of the preferred solution, development of the environmental statement and submission of a full planning application, and preparing the Outline Business Case.

For the Strategic Assessment Stage, Stage 1 and Stage 2, the services will involve:

The development of a commercial basis for an investment decision including complete project lifecycle financial modelling (DEVEX, CAPEX, OPEX) and a levelized cost of carbon abatement model. They will investigate opportunities for external grant funding or financing options with external bodies and carry out an analysis of the business case options. They will also provide financial advice and support as required for the Authority's external communication activities.

More information

Previous notice about this procurement

Financial advisor services for the development of a Carbon Capture and Storage (CCS) facility at the Edmonton EcoPark and integration with a potential future CO2 transport and permanent storage solution

  • Opportunity
  • Published 26 September 2022

Links

  • https://in-tendhost.co.uk/nlwa/
  • Bidding documents
  • The procurement documents are available for unrestricted and full direct access, free of charge, at the above-mentioned address.

Additional text

As noted above, this procurement relates to the Strategic Assessment Stage, Stages 1 and 2. However, progression from the Strategic Assessment Stage to subsequent stages will require approval from the Authority's Members and will be subject to satisfying the requirements of the gateway project assurance process as per HM Treasury Guidance. The Authority may, subject to the relevant approvals being in place, progress to Stage 1 and 2.

The anticipated value of the appointment for the Strategic Assessment Stage is £322,000.

Award information

Awarded date

2 March 2023

Contract start date

2 May 2023

Contract end date

1 May 2025

Total value of contract

£275,608.90

This contract was awarded to 1 supplier.

AMBERSIDE ADVISORS LTD

Address

Clubfinance House,64-66 Queensway
HEMEL HEMPSTEAD
Hertfordshire
HP2 5HA
GB

Reference

Companies House number: 06078852

Value of contract

£275,608.90

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Address

Unit 1b Berol House
25 Ashley Road
London
N17 9LJ
England

Email

generalprocurement@nlwa.gov.uk

Website

https://www.nlwa.gov.uk