--- title: "For the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2 and Low Carbon Funds" ocid: "ocds-h6vhtk-044dbf" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044dbf" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-044dbf.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-044dbf.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "GREATER MANCHESTER COMBINED AUTHORITY" published: "2024-04-30" --- # 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: Tender OCID: ocds-h6vhtk-044dbf [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044dbf) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-044dbf.json) ## Summary The Greater Manchester Combined Authority is seeking services for the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2, and Low Carbon Funds. This procurement process, under the financial and insurance services category, is at the active stage and has a submission deadline on 3rd May 2024 at 12:00 pm GMT. The buying organisation, Greater Manchester Combined Authority, based in Salford, UK, is using an open procedure for this tender. This tender presents an opportunity for businesses in the financial and insurance services sector to provide services to the Evergreen, Evergreen 2, and Low Carbon Funds. Companies capable of managing investment portfolios and marketing financial products may find this tender suitable. With a contract term of 48 months and possible extensions, successful bidders can enhance their business growth by catering to the investment needs of the North West and Greater Manchester region through a strategic partnership with the Greater Manchester Combined Authority. ## Notice Extension to 7th May 2024 5.00pm ### Lot Information The Investment Adviser and Operator Agreement for Evergreen, and (ii) the Investment Adviser and Operator Agreement for Evergreen 2. This Invitation to Tender document is issued via The Chest, the North West Procurement portal, and can be accessed using the following link www.the-chest.org.uk. Contract term 48 months with 2 x 12 month permissible extensions 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). Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal https://www.the-chest.org.uk/ Renewal: Maximum 2 x 12 month extensions For the provision of Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Funds This Invitation to Tender document is issued via The Chest, the North West Procurement portal, and can be accessed using the following link www.the-chest.org.uk. Contract term 48 months with 2 x 12 month permissible extensions 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 30m 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 PS60mfor 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). Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal https://www.the-chest.org.uk/ Renewal: Maximum 2 x 12 month extensions ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/013938-2024 | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 30 Apr 2024 | | Submission deadline | 3 May 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | GREATER MANCHESTER COMBINED AUTHORITY | | Additional buyers | EUROPEAN UNION | | 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 | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 30 Apr 2024 at 15:18 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/013938-2024 - 27 Mar 2024 at 15:44 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/010098-2024 ## 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-h6vhtk-044dbf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-044dbf.json.