Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Greater London Authority (GLA)
City Hall, The Queens Walk
London
SE1 2AA
UK
Contact person: Mr Gary Seed
E-mail: GARYSEED@TFL.GOV.UK
NUTS: UKI
Internet address(es)
Main address: https://london.gov.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Fund Manager for the Mayor of London's Energy Efficiency Fund
Reference number: DN285432
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
The Greater London Authority has awarded a contract to a Fund Manager who will manage and invest by way of loans and equity investment, the capital which is to be committed to a new fund, which the Fund Manager will establish and which will be called the Mayor of London's Energy Efficiency Fund MEEF. The Fund will be established to invest in technologies relevant to energy efficiency such as:
— Building retrofit and energy efficiency measures in public, commercial and residential properties,
— Production and distribution of low carbon energy, including combined heat and power, tri-generation and communal / district heating generation and/or networks; and,
— Small scale renewable energy generation.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
16 000 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI
Main site or place of performance:
Greater London.
II.2.4) Description of the procurement
The Greater London Authority has awarded a contract to a Fund Manager who will manage and invest by way of loans and equity investment, the capital which is to be committed to a new fund, which the Fund Manager will establish and which will be called the Mayor of London's Energy Efficiency Fund MEEF. The Fund will be established to invest in technologies relevant to energy efficiency such as:
— Building retrofit and energy efficiency measures in public, commercial and residential properties,
— Production and distribution of low carbon energy, including combined heat and power, tri-generation and communal / district heating generation and/or networks; and,
— Small scale renewable energy generation.
The Fund Manager is required to make the investments and then administer the Fund, including monitoring and managing drawdowns.
The duration of the contract with the Fund Manager will be 20 years. There are options to extend to give a maximum possible term of 22 years. The contract specifies an investment period which will terminate approximately 5 years from the point the contract is awarded to the Fund Manager and a post investment period which will commence from the end of the investment period and will end on the termination date of the contract.
II.2.5) Award criteria
Quality criterion: Technical
/ Weighting: 70
Price
/ Weighting:
30
II.2.11) Information about options
Options:
Yes
Description of options:
With consent, the investment period may be extended up to 2 years without an increase to the Fund's life if this does not result in any ERDF monies being invested beyond 31.12.2023. Separately, with consent, the life of the Fund may be extended for a period or periods which in total can extend the overall life of the Fund for 2 years giving the Fund a maximum term of 22 years.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
Yes
Identification of the project:
European Regional Development Funds and European Investment Bank
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive dialogue
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2016/S 228-415308
Section V: Award of contract
Contract No: GLA80787
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
17/05/2018
V.2.2) Information about tenders
Number of tenders received: 2
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 2
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Amber Fund Management Limited
3 More London Riverside
London
SE1 2AQ
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 16 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
Investment projects should be within the borders of the Greater London Area (comprising 32 London Boroughs and the City of London. However, this requirement may be relaxed with agreement from the GLA to include eligible projects outside the Greater London Area but within the more developed regions (as defined by Article 90(2) of Common Provision Regulation (EU) nº 1303/2013) if the impact of the project against, for example, the Output Targets of the Fund and/or wider London climate change objectives can be clearly demonstrated.
VI.4) Procedures for review
VI.4.1) Review body
HM Courts and Tribunal ServiceThe StrandLondonWC2A2LL
The Strand
London
WC2A 2LL
UK
Telephone: +44 207947000
Internet address(es)
URL: https://www.gov.uk/government/organisations/hm-courts-and-tribunals-service
VI.5) Date of dispatch of this notice
23/05/2018