Published date: 18 December 2019

This notice was replaced on 31 March 2020

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 31 March 2020)

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

North West

Value of contract

£900,000

Procurement reference

GMCA001-DN453447-05311616

Published date

18 December 2019

Closing date

28 January 2020

Contract start date

2 March 2020

Contract end date

1 March 2024

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The GMCA are looking to procure an Investment Adviser who shall be responsible for: (a) developing the pipeline of Potential Projects, following the origination of Potential Projects from public sector partners and the Investment Adviser's own network of contacts; (b) arranging the investment in and leading the negotiation and structuring of financial deals in viable projects with Project Developers who are Qualifying Financial Recipients and which fit within the Investment Policy. All projects should at least be in compliance with Applicable Requirements and the Eligibility Rules, including State Aid Law and have soundness in terms of business model, cash flow projections, investment and project implementation partners; (c) monitoring compliance and risk in accordance with Applicable Requirements and the Eligibility Rules, including the pursuit (investigation and where applicable correction and recovery) of irregularities at final recipient level where required; (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

About the buyer

Contact name

Bushra Dawood

Address

Greater Manchester Fire and Rescue Service Headquarters
146 Bolton Road, Swinton
Salford
M27 8US
England

Telephone

+44 1616084120

Email

dawoodb@manchesterfire.gov.uk

Website

http://www.manchesterfire.gov.uk/