Independent expertise to undertake due diligence on Solent LEP capital investments

Tender description

Portsmouth City Council (the Council) on behalf of the Solent Local Enterprise Partnership (Solent LEP) is inviting expressions of interest from suitably qualified and experienced consultants to tender for this project. The scope of which will comprise of but may not be limited to providing independent expert due diligence on applications to the Solent LEP for capital investment. This expertise will need to provide independent advice and recommendations to the Solent LEP Board, or its designated sub-panel, in the form of clear and concise reports that are agreed with the Solent LEP and cover: o Compliance with relevant fund guidance o Compliance with HM Treasury Green Book guidance, where appropriate o Compliance with Office of Government Commerce (OGC) Gateway Review o Prioritisation of projects seeking funding o Consideration of State Aid o Advice on the financial proposition of the proposal In addition, the successful consultant will need to provide support to the Solent LEP when promoting funding calls, including advice in relation to completing applications. The object of this procurement exercise is to establish a framework of three consultants. The highest ranking consultant will undertake all due diligence work for the Solent LEP. Remaining framework consultants will be utilised on ranked basis in times of reduced capacity or in the event of a conflict of interest that precludes due diligence with the primary consultant. The initial term of the contract with the highest ranked consultant will expire on 31st March 2021, with the possibility of extending the term to a maximum term of five years, in increments to be agreed and subject to the agreement and performance of both parties. The estimated value of this framework is ?500,000. The closing date for receipt of your expression of interest is given against the heading entitled - Date documents can be requested until.