Published date: 9 October 2024

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


Closing: 3 May 2024, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

England

Value of contract

£0

Procurement reference

GMCA001-DN716281-21603153

Published date

9 October 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

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

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.\r
\r
This tender has been divided into 2 lots:\r
a) Lot 1 - the provision of the Services to the Evergreen and Evergreen 2 sub-funds; and\r
b) Lot 2 - the provision of the Services to the Low Carbon sub-fund.\r
\r
\r
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: \r
(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\r
(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. \r
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).\r
The contractual terms\r
The contractual framework for the Services is provided with this ITT, in Annexes 2, 3 and 6.\r
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/

More information

Previous notice about this procurement

For the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2 and Low Carbon Funds

  • Opportunity
  • Published 27 March 2024

Award information

Awarded date

31 May 2024

Contract start date

3 June 2024

Contract end date

2 June 2028

Total value of contract

£752,000

This contract was awarded to 1 supplier.

CBRE Limited

Address

Henrietta House
Henrietta Place
London

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

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

Email

jayne.whitehead@greatermanchester-ca.gov.uk

Website

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