Award

Fund Administrator Services to Greater Manchester FoF Limited Partnership

GREATER MANCHESTER COMBINED AUTHORITY

This public procurement record has 2 releases in its history.

Award

02 Feb 2021 at 10:59

Award Notice
Tender

18 Dec 2020 at 18:14

Tender Notice
Summary of the contracting process

The Greater Manchester Combined Authority (GMCA) is overseeing a procurement process for Fund Administrator Services, specifically for the Greater Manchester Fund of Funds Limited Partnership. The procurement is currently in the Award stage, with the contract value set at £150,000 and an effective contract period from 2nd March 2021 to 4th February 2025, with an option for two additional one-year extensions. The tender, initiated on 18th December 2020, was published under the open procurement method and attracted suitable applications until the deadline on 20th January 2021. Contractual services are to be provided predominantly in the North West region of the United Kingdom within the financial and insurance services industry.

This tender presents significant opportunities for small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that specialise in financial administration, fund management, or related advisory services. Businesses eager to expand their outreach in urban development and low carbon projects in line with public funding initiatives, particularly those addressing market failures in finance supply, would be well-suited to compete for this contract. Establishing a partner relationship with the GMCA could also enhance credibility and access to further public sector opportunities in the region.

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Notice Information

Notice Title

Fund Administrator Services to Greater Manchester FoF Limited Partnership

Notice Description

The GMCA is tendering on behalf of The Greater Manchester FOF Limited Partnership, acting through its General Partner, Greater Manchester FOF (GP) Limited (the Fund of Funds), which wishes to receive Tenders for a Fund Administrator Services contract which will be subject to this Invitation to Tender (ITT) , including the Fund of Funds' specification of services and other contract documents enclosed and/or accompanying this ITT. Further details about the Fund of Funds and the Technical Specification /information about the services to be provided under this contract are set out in section 4 of this document. The Contract period will be for 3 years, with the option of 2 x 12-month extensions. The intended contract services commencement date is 5th February 2021 (although the Fund of Funds reserves the right to amend this timescale). The Greater Manchester Combined Authority ("the GMCA") was successful in its application to the Ministry for Housing, Communities and Local Government ("CLG") for PS60 million of European Regional Development Funding ("ERDF") under the ERDF England Operational Programme 2014-20201("the Operational Programme"). The overall objective of the project is to address the market failure in the supply of finance for urban development and low carbon projects in Greater Manchester in line with Priority Axis 1 and 4 of the Operational Programme. *** Contract Documents are available via The Chest portal https://www.the-chest.org.uk/ ****

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8ab5794f-84be-4e7b-82ba-3e60e0a5f9ef
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/748283dd-09fd-48c3-914c-cb7b4e2a6aa0
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£175,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Feb 20215 years ago
Submission Deadline
20 Jan 2021Expired
Future Notice Date
Not specified
Award Date
2 Feb 20215 years ago
Contract Period
2 Mar 2021 - 4 Feb 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GREATER MANCHESTER COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SALFORD
Postcode
M27 8US
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLD North West (England)
Local Authority
Salford
Electoral Ward
Swinton Park
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

GALLIUM FUND SOLUTIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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