Tender

https://wmca.bravosolution.co.uk/

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

02 Jan 2024 at 11:58

Summary of the contracting process

The West Midlands Combined Authority (WMCA) has initiated a procurement process for consultancy services related to establishing green finance investment vehicles/funds/platforms and developing investment-ready natural capital pipelines. The contract value is between £390-420k (exc. VAT), with an estimated duration from March 2024 to 14th March 2025. The tender, categorised under financial consultancy services, is at the active stage and is open for submission until 1st February 2024.

This tender by the WMCA presents an opportunity for organisations with expertise in green finance, natural capital projects, and securing blended finance to enhance their business portfolio. Businesses specializing in financial consultancy services, with a track record in urban natural capital projects, are well-suited to compete for this contract. The procurement process adopts an open procedure, with electronic and written submission methods, inviting businesses to contribute towards the WMCA's goal of attracting private finance into natural capital projects by 31st Jan 2025.

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Notice Title

https://wmca.bravosolution.co.uk/

Notice Description

The WMCA has been selected as one of just four areas in the UK to deliver Local Investment in Natural Capital (LINC) programmes. These programmes are elements in the Government's new Green Finance Strategy (2023) to support a green industrial revolution and transition to a climate resilient, nature-positive, net-zero economy. The ambitions of the LINC programme, to enable the public sector (and their third sector partners) to become more market-facing with their projects and programmes, align exactly with the WMCA's delivery of the NEP. The WMCA LINC programme aims to enable the region to be in a state of readiness to attract private finance into natural capital projects by 31st Jan 2025, through building the capacity, effective governance arrangements, and capability of local leaders and partner organisations. The WMCA requires consultancy support from an organisation(s) with significant knowledge and experience in establishing green finance investment vehicles/funds/platforms, developing investment ready natural capital pipelines/portfolios (ideally within an urban context), and a track record in securing blended finance.

Lot Information

Lot 1

The WMCA requires consultancy support from an organisation(s) with significant knowledge and experience in establishing green finance investment vehicles/funds/platforms, developing investment ready natural capital pipelines/portfolios (ideally within an urban context), and a track record in securing blended finance. The estimated contract value for this project is between PS390-420k (exc. VAT). The indicative contract duration will be March 2024 until 14th March 2025 (12 months). Bidders should refrain from using any other forms of direct communication other than the Bravo. Once registered, please search for Project_777, ITT_1373, Local Investment in Natural Capital (LINC), in order to gain access to the tender documentation.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042a43
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000027-2024
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£420,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jan 20242 years ago
Submission Deadline
1 Feb 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST MIDLANDS COMBINED AUTHORITY
Contact Name
Not specified
Contact Email
procurement.team@wmca.org.uk
Contact Phone
+44 3453036760

Buyer Location

Locality
BIRMINGHAM
Postcode
B19 3SD
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG3 West Midlands

Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

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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