Award

Financial advisor services for the development of a Carbon Capture and Storage (CCS) facility at the Edmonton EcoPark and integration with a potential future CO2 transport and permanent storage solution

NORTH LONDON WASTE AUTHORITY

This public procurement record has 2 releases in its history.

Award

11 Aug 2023 at 13:42

Award Notice
Tender

26 Sep 2022 at 13:28

Tender Notice
Summary of the contracting process

The North London Waste Authority is seeking financial advisor services for the development of a Carbon Capture and Storage (CCS) facility at the Edmonton EcoPark. This falls under the industry category of financial management consultancy services. The procurement stage is for the Strategic Assessment Stage, Stages 1 and 2. The procurement method is a selective procedure, with a tender period ending on 26th October 2022 and a contract period starting from 13th March 2023 and ending on 12th March 2025. The anticipated value of the appointment for the Strategic Assessment Stage is £322,000.

This tender opportunity for financial advisor services presents a chance for consulting firms specializing in financial management to contribute to the development of a significant environmental project. SMEs particularly may find this opportunity suitable for growth. The project involves a strategic assessment, business justification, and planning stages, providing potential contractors with a clear roadmap for engagement and delivering financial services to support the Authority's ambitions for the CCS facility.

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Notice Information

Notice Title

Financial advisor services for the development of a Carbon Capture and Storage (CCS) facility at the Edmonton EcoPark and integration with a potential future CO2 transport and permanent storage solution

Notice Description

North London Waste Authority (the Authority) is seeking a consultant to provide financial services for the development of a Carbon Capture and Storage (CCS) facility at the Edmonton EcoPark and integration with a potential future CO2 transport and permanent storage solution. This procurement relates to the Strategic Assessment Stage, Stages 1 and 2. However, progression from the Strategic Assessment Stage to subsequent stages will require approval from the Authority's Members and will be subject to satisfying the requirements of the gateway project assurance process as per HM Treasury Guidance. The Authority may, subject to the relevant approvals being in place, progress to Stage 1 and 2. For the overall CCS project, the Authority will use the staged approach as outlined in the HM Treasury guidance to developing the project business case. Stages 3 to 5 are not part of this appointment. The stages are summarised below: Strategic Assessment: Determining the strategic context and undertaking the Strategic Assessment - Enabling early decision-making and governance over early-stage funding. Clarifying options and agreeing assumptions and building the strategic case with industry and transport and storage operators. Stage 1: Business Justification - Scoping the scheme and preparing the Strategic Outline Case - Narrowing the options to a target solution and enabling delivery through appropriate stakeholder partnerships and agreements. Stage 2: Planning the scheme and preparing the Outline Business Case - Refinement of the preferred solution, development of the environmental statement and submission of a full planning application, and preparing the Outline Business Case. For the Strategic Assessment Stage, Stage 1 and Stage 2, the services will involve: The development of a commercial basis for an investment decision including complete project lifecycle financial modelling (DEVEX, CAPEX, OPEX) and a levelized cost of carbon abatement model. They will investigate opportunities for external grant funding or financing options with external bodies and carry out an analysis of the business case options. They will also provide financial advice and support as required for the Authority's external communication activities. Additional information: As noted above, this procurement relates to the Strategic Assessment Stage, Stages 1 and 2. However, progression from the Strategic Assessment Stage to subsequent stages will require approval from the Authority's Members and will be subject to satisfying the requirements of the gateway project assurance process as per HM Treasury Guidance. The Authority may, subject to the relevant approvals being in place, progress to Stage 1 and 2. The anticipated value of the appointment for the Strategic Assessment Stage is PS322,000.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/905be743-95ae-4c9d-abb7-47436eb646f0
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£322,000 £100K-£500K
Lots Value
Not specified
Awards Value
£275,608 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20232 years ago
Submission Deadline
26 Oct 2022Expired
Future Notice Date
Not specified
Award Date
2 Mar 20232 years ago
Contract Period
1 May 2023 - 1 May 2025 2-3 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
NORTH LONDON WASTE AUTHORITY
Contact Name
Not specified
Contact Email
generalprocurement@nlwa.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
N17 9LJ
Post Town
North London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Haringey
Electoral Ward
Tottenham Hale
Westminster Constituency
Tottenham

Supplier Information

Number of Suppliers
1
Supplier Name

AMBERSIDE ADVISORS

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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