Award

Appointment of a Financial Adviser to support Business Case of Commissioning a new Materials Recycling Facility - AWARD

MILTON KEYNES COUNCIL

This public procurement record has 1 release in its history.

Award

30 Jul 2021 at 11:03

Summary of the contracting process

The procurement process involves Milton Keynes Council seeking a Financial Adviser to support the Business Case for commissioning a new Materials Recycling Facility as part of its Environmental Services Programme. This initiative aims to enhance service delivery from April 2023, covering waste collection, recycling, and associated maintenance in Milton Keynes (postcode MK9 3EJ). The tender was awarded on 23rd July 2021, with a contract period running from 26th July 2021 to 25th July 2022. The procurement method used for this tender was an open procedure, concluding on 28th May 2021.

This opportunity provides significant potential for businesses well-versed in corporate finance and consultancy, particularly those specialising in financial analysis and operational services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as the tender represents a strategic focus on transforming waste management services in a rapidly evolving environmental sector. Companies that can deliver insights on cost optimisation and resource management will find this tender particularly relevant.

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Notice Title

Appointment of a Financial Adviser to support Business Case of Commissioning a new Materials Recycling Facility - AWARD

Notice Description

Appointment of a Financial Advisor to support Business Case of Commissioning a new Materials Recycling Facility Environmental Services Programme The Environmental Services Programme is looking at future service delivery for 2023. The major services in the programme touch all residents in Milton Keynes and include: - Waste collection and cleansing; - Materials Recycling Facility; - Landscape maintenance - Play area Inspections and maintenance - Food and garden waste treatment; and - The operation and management of the household waste recycling centres. The programme provides a transformation of the future services, including a change to the way we collect waste and recycling from residents and future proofing of our infrastructure (buildings and sites) and assets (plant and vehicles) for service delivery and to support the Council's Greenest City strategy. The programme also includes the management and operation of our Materials Recycling Facility (MRF) and infrastructure improvements. The Council is currently preparing its Business Case for the decision on how the services will be delivered from April 2023. This includes packaging and the delivery mechanism for the Materials Recycling Facility, build in 1993 and owned by the Council. The facility is currently managed by Viridor. Wood, the Council's technical advisers have compiled and identified the capital costs for the delivery of the capital programme to refurbish and rebuild elements of the existing facility. The capital spend profile and construction profile is understood. However, in order to justify the capital spend and the meet the Councils existing revenue provision for the services provided the Council waste and finance team require a high-level analysis and financial P&L / revenue model that focuses on the differentiators as to how the MRF could operate, including (but not limited to); - Labour & Pensions - Annualised Assets - Running costs (fuel/maintenance) - Third party Income - MRF/Commodity Offtake costs - Overheads - Profit We have the proposed headline operational expenditure costs, size of the facility staffing numbers and operational hours information and the Authority will be satisfied to receive a scenarios that consider different value of commodities extracted from the recycling. Financial Advisor Role The Council requires a Financial Adviser to review the work of Wood and to provide high level support developing the cost envelope. Following the initial review the Council requires a Financial Adviser to prepare a Business Base to "Investment Decision" stage in accordance with HM Treasury Guidance "Guide to Developing the Project Business Case". This request is for a business case to support the Authority up to investment decision stage

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4ec05008-6b95-428d-93d0-4cafad706a1f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/59fdd427-74ee-4337-91aa-111686c99830
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66122000 - Corporate finance and venture capital services

66150000 - Financial markets administration services

66151000 - Financial market operational services

66152000 - Financial market regulatory services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£17,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jul 20214 years ago
Submission Deadline
28 May 2021Expired
Future Notice Date
Not specified
Award Date
22 Jul 20214 years ago
Contract Period
25 Jul 2021 - 25 Jul 2022 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
MILTON KEYNES COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MILTON KEYNES
Postcode
MK9 3EJ
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ12 Milton Keynes
Delivery Location
TLJ South East (England)

Local Authority
Milton Keynes
Electoral Ward
Central Milton Keynes
Westminster Constituency
Milton Keynes Central

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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