--- 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" ocid: "ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b.json" source: "Contracts Finder" current_stage: "Award" buyer: "NORTH LONDON WASTE AUTHORITY" published: "2023-08-11" --- # 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 Buyer: NORTH LONDON WASTE AUTHORITY Current stage: Award OCID: ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-e19281a9-daab-4ea8-a564-1efc2a718b9b.json) ## Summary 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. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/905be743-95ae-4c9d-abb7-47436eb646f0 | | 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 | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 11 Aug 2023 | | Submission deadline | 26 Oct 2022 | | Future notice date | Not specified | | Award date | 2 Mar 2023 | | Contract period | 1 May 2023 - 1 May 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £322,000 | | Lots value | Not specified | | Awards value | £275,608 | | 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 | NORTH LONDON WASTE AUTHORITY | | Locality | LONDON | | Post town | North London | | Postcode | N17 9LJ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI43 Haringey and Islington | | Local authority | Haringey | | Electoral ward | Tottenham Hale | | Westminster constituency | Tottenham | | Delivery location | TLI London | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | AMBERSIDE ADVISORS | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79412000 - Financial management consultancy services ## Release History - 11 Aug 2023 at 13:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/905be743-95ae-4c9d-abb7-47436eb646f0 - 26 Sep 2022 at 13:28 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/53a9d9db-fcbe-4820-af43-8691a299dae4 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/905be743-95ae-4c9d-abb7-47436eb646f0 11th August 2023 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/53a9d9db-fcbe-4820-af43-8691a299dae4 26th September 2022 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/nlwa/ The procurement documents are available for unrestricted and full direct access, free of charge, at the above-mentioned address. - https://www.find-tender.service.gov.uk/Notice/026880-2022 ## Notice URLs - https://www.nlwa.gov.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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