Greater Manchester Combined Authority

Greater Manchester Fire and Rescue Service Headquarters, 146 Bolton Road, Swinton

Salford

M27 8US

UK

Person cyswllt: Ms Jayne Whitehead

Ffôn: +44 7966025144

E-bost: jayne.whitehead@greatermanchester-ca.gov.uk

NUTS: UK

Cyfeiriad(au) rhyngrwyd

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

Cyfeiriad proffil y prynwr: http://www.manchesterfire.gov.uk/

II.1.1) Teitl

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

Cyfeirnod: DN716281

II.1.2) Prif god CPV

66000000

II.1.3) Y math o gontract

Gwasanaethau

II.1.4) Disgrifiad byr

The Evergreen, Evergreen 2 and Low Carbon sub-funds deliver £150m of commercial property funding into the North West and Greater Manchester region.

These sub-funds are designed to support eligible Urban Projects which demonstrate a clear fit with the underlying objectives of the respective ERDF programmes it supports. The sub-funds are now in recycling phase and are procuring for Investment Advisers to implement its recycling investment strategy.

The Evergreen Fund was established under the 2007-13 ERDF Operational Programme and invests £60m capital into the North West (exc Merseyside) by way of senior, mezzanine and subordinated debt products over a tenor of up to 5 years. Investments typically include Grade A/B office stock, warehousing and infrastructure/logistics schemes.

Evergreen 2 and Low Carbon were established under the 2014-20 ERDF Operational Programme and hold allocations of £60m and £30m respectively to invest in the Greater Manchester region. Evergreen 2 focuses on investments into high-end laboratory and office floorspace to support GM’s science and innovation economy, and energy efficient new office stock. Low Carbon will focus on energy efficient new office stock and energy generation assets in the GM region to further GM’s low carbon aspirations.

Over the next 4 years, the Investment Adviser will be expected to market the funds, ensure continuous investment into eligible schemes and manage the existing portfolio.

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 procurement process has 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.

The contractual term will be 48 months with 2 x 12 month permissible extensions.

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 and,

(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).

Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal https://www.the-chest.org.uk/

II.1.6) Gwybodaeth am lotiau

Mae’r contract hwn wedi’i rannu’n lotiau: Ydy

Gellir cyflwyno tendrau ar gyfer pob lot

Uchafswm y lotiau y gellir eu dyfarnu i un tendrwr: 2

Ceidw’r awdurdod contractio yr hawl i ddyfarnu contractau gan gyfuno’r lotiau neu’r grwpiau o lotiau canlynol:

The successful bidder/s can be awarded one or both lots

Rhif y Lot Lot 1

Rhif y Lot 2

III.1.2) Statws economaidd ac ariannol

Meini prawf dethol fel y’u nodir yn y dogfennau caffael

III.1.3) Gallu technegol a phroffesiynol

Meini prawf dethol fel y’u nodir yn y dogfennau caffael

III.2.3) Gwybodaeth am y staff a fydd yn gyfrifol am gyflawni’r contract

Rhwymedigaeth i nodi enwau a chymwysterau proffesiynol y staff a glustnodwyd i gyflawni’r contract

IV.1.1) Y math o weithdrefn

Gweithdrefn agored

IV.1.8) Gwybodaeth am Gytundeb Caffael y Llywodraeth (GPA)

The procurement is covered by the Government Procurement Agreement: Ydy

IV.2.2) Terfyn amser i dendrau neu geisiadau i gymryd rhan ddod i law

Dyddiad: 03/05/2024

Amser lleol: 12:00

IV.2.4) Ym mha iaith/ieithoedd y gellir cyflwyno tendrau neu geisiadau i gymryd rhan

EN

IV.2.6) Yr isafswm cyfnod gofynnol i’r sawl sy’n tendro gynnal y tendr

Hyd mewn misoedd: 3  (o’r dyddiad a nodwyd i dendr ddod i law)

IV.2.7) Amodau ar gyfer agor tendrau

Dyddiad: 03/05/2024

Amser lleol: 12:05

VI.4.1) Corff adolygu

VI.4.3) Gweithdrefn adolygu

Gwybodaeth fanwl gywir am y terfyn(au) amser ar gyfer gweithdrefnau adolygu:

Precise information on deadline(s) for review procedures:

The Greater Manchester Combined Authority will incorporate a minimum 10 calendar days standstill period

at the point information on the award of the contract is communicated to tenderers prior to entering into the

contract. If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts

Regulations 2015 provide for aggrieved parties who have been harmed or are at risk of harm by a breach of

the rules to take action in the High Court (England, Wales and Northern Ireland). Any such action must be

brought promptly. Where a contract has not been entered into, the Court may order the setting aside of the

award decision or order the Authority to amend any document and may award damages. If the contract has

been entered into the Court may, depending on the circumstances, award damages and/or shorten or order the

contract ineffective.