---
title: "For the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2 and Low Carbon Funds"
ocid: "ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "GREATER MANCHESTER COMBINED AUTHORITY"
published: "2024-10-09"
---

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

Buyer: GREATER MANCHESTER COMBINED AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3

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## Summary

The Greater Manchester Combined Authority (GMCA) has completed the procurement process for "Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2 and Low Carbon Funds". This contract falls under the Financial and Insurance Services sector (CPV code: 66000000) and covers services divided into two lots focusing on Evergreen sub-funds and a Low Carbon sub-fund. The contract was awarded to CBRE Limited. Key details include an open procedure procurement method with an award date of 31st May 2024. The contract period will start on 3rd June 2024 and end on 2nd June 2028, with services to be delivered in England, United Kingdom.

This tender offers significant business growth opportunities, particularly for large firms specialising in financial and insurance services. The potential for an increase in funding value for the sub-funds and the possibility of reallocating resources emphasise the tender's scalability and adaptability, making it suitable for firms capable of handling variable project scopes. Companies experienced in fund management and advisory services would be well-positioned to benefit from the robust frameworks and substantial financial involvement stipulated in the tender.

## Notice

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 tender has been divided into 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. As explained in the contract notice, 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 PS60m for Evergreen, PS60m for Evergreen 2 and PS30m 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 PS120m for Evergreen and PS120m for Evergreen 2; and PS60m for Low Carbon (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). The contractual terms The contractual framework for the Services is provided with this ITT, in Annexes 2, 3 and 6. Annex 2 - Services Specification contains the service specification for the Investment Adviser which will form Schedule 1 of each Investment Adviser and Operator Agreement (which will be identical for each contract, except as indicated in the spec All Tender documentation can be found at https://www.the-chest.org.uk/

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fdcb9973-fe73-4356-b6f9-24dfe663e4da |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Oct 2024 |
| Submission deadline | 3 May 2024 |
| Future notice date | Not specified |
| Award date | 30 May 2024 |
| Contract period | 2 Jun 2024 - 2 Jun 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £752,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | GREATER MANCHESTER COMBINED AUTHORITY |
| Locality | SALFORD |
| Post town | Manchester |
| Postcode | M27 8US |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD3 Greater Manchester |
| ITL 3 | TLD34 Greater Manchester South West |
| Local authority | Salford |
| Electoral ward | Swinton Park |
| Westminster constituency | Salford |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CBRE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 9 Oct 2024 at 10:07 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fdcb9973-fe73-4356-b6f9-24dfe663e4da
- 27 Mar 2024 at 15:54 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/4ac16210-8a61-40d3-b87c-199ca51448aa

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fdcb9973-fe73-4356-b6f9-24dfe663e4da
  9th October 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/4ac16210-8a61-40d3-b87c-199ca51448aa
  27th March 2024 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.manchesterfire.gov.uk/
- https://www.the-chest.org.uk/

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-08a99321-2874-4912-8d4f-f8a9b205f5f3.json.