Published date: 17 June 2016
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
Petroleum products, fuel, electricity and other sources of energy - 09000000
Other sources of energy supplies and distribution - 65400000
Commodity brokerage services - 66132000
Energy and related services - 71314000
Energy-management services - 71314200
Location of contract
London
Value of contract
£150,000
Procurement reference
TOWER001-DN167321-25184149
Published date
17 June 2016
Closing date
22 July 2016
Contract start date
1 September 2016
Contract end date
1 September 2017
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?
No
Description
The London Borough of Tower Hamlets (LBTH) seeks the submission for tenders from suitably qualified brokerage providers for the provision of an efficient and effective energy brokerage service, providing and managing the Councils energy procurement and risk strategies and a platform on which to trade for the natural gas and grid electricity for the LBTH estate.
The estate, consisting of various sites across the borough, comprises sites within the councils direct control (operational buildings, idea stores etc.). The Council seeks to appoint a provider with the required expertise and experience of the Energy markets to afford the Council additional flexibility and take advantage of the volatil energy markets, purchasing when there are dips in energy prices, forward purchasing, participating in Triad periods, buyback gas contracts and hedge electricity contracts.
The successful provider will be required to recommend and produce the Councils procurement risk strategies including support capability using both fundamental and technical analysis and reporting systems to deliver financial control and meet the Council's objectives for budgetary control for the initial 12 months of the framework (01/09/16 - 31/08/17) and quarterly there-after.
The anticipated contract start date is: Thursday, 01 September 2016
The estimated value of the contract is:
Between £25-50k Per Annum
For a period of: 12 months, with the possibility of 2 further extensions of 12 months each to be granted at the Councils sole discretion.
More information
Additional text
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Organisations wishing to express their interest are requested to register on the London Tenders Portal (www.londontenders.org) where the tender documentation will be available for download. You may be required to complete a Pre-Qualification Questionnaire (PQQ).
Organisations must ensure that access to the system is available to their representatives dealing with the contract. The council will not be liable for the lack of delegated access within the organisation and will not send any documentation regarding the contract, which shall be exclusively available through the portal.
Tenderers are responsible for allowing sufficient time to submit their ITT/PQQ. The Council accepts no liability whatsoever for ITT/PQQs that are not submitted due to internet connectivity issues, transmission delays or errors.
The deadline for the return of Tender Submissions is:
Friday, 01 July 2016 12:00 noon
LBTH is an Equal Opportunities Employer and a supporter of Ethical Governance, our protocol can be found here along with Guidance to Suppliers and Providers. Or via:
http://www.towerhamlets.gov.uk/
LBTH does not undertake to invite all applicants or bind itself to accept the lowest or any Tender. LBTH will not be liable for any costs incurred in tendering for this contract.
If you require any further information please contact:
Nicole Phillips
at: procurement@towerhamlets.gov.uk
About the buyer
Contact name
Nicole Phillips
Address
Mulberry Place
5 Clove Crescent, Town Hall
London
E14 2BG
UK
Telephone
+44 2073645000
procurement@towerhamlets.gov.uk
Website
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Closing: 22 July 2016
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