Client
An ICG client is looking for a Subject Matter
Expert with a track record in successfully providing financial advice from the
pre-bid stage up to financial close to assist them to bid for and deliver
services to a Joint Venture.
This JV are themselves bidding for a Design Build
Finance Operate and Maintain (DBFOM) anaerobic digestion plant to deliver,
operate and process wastewater sludge generated within the region at a site in
the Northwest of England.
Role
The initial task would be to assist the client to
put together a compelling proposal to be awarded the services contract by the
JV. This will include a demonstration of knowledge around the key risks and
considerations around AD plants, including feedstock and gas-to-grid
contracting arrangements. The client has a good relationship with members of
the JV and is aware that they are likely to be competing for the work against
just one or two other bidders. The submission deadline for the proposal is
Thursday 14 April 2022.
·
Further
scope requirements with respect to financial modelling, and tax &
accounting advice are also part of the services to be provided, and the client
is comfortable with providing these scope items in-house.
·
The extent
of support that the JV require is not entirely clear at this stage, and once an
ICG consultant is appointed there will be an opportunity to have a detailed
dialogue with the JV to fully understand their support requirement. Whilst this
is not expected to be a full-time role there will be a significant time
commitment requirement alongside a high-level of flexibility to ensure
availability when needed.
Key Deliverables
To support the bidder through each of the key
stages up to financial close.
The following is a projected project timeline
based on market engagement and is subject to confirmation from the procurer:
·
Preliminary Qualification
Questionnaire (PQQ) Phase – July to
September 2022 – 3 months in duration;
·
Invitation To Negotiate
(ITN) Phase – October 2022 to May 2023 - 8 months in duration;
·
Best And Final Offer (BAFO)
Phase – June to August 2023 - 3 months in duration; and
·
Contractual
completion and financial close Phase – September to December 2023;
If successful, the scope of work that the client is
seeking an SME to cover is as follows:
Pre-Bid Support- Financial support in advance of the procurement. To
include risk assessments, bid scenario planning and revenues ‘off-take’
arrangements.
Tender Responses – Financial
Questions- Support the JV’s bid team in providing written
responses to all relevant financial questions.
- Participating in procurement meetings and workshops
where financial support is required.
- Support the JV’s bid team in providing written
responses to procurer clarification questions and requests for information.
External Funder Support- Support the JV’s bid team in the development of a
Preliminary Information Memorandum or equivalent to secure finance.
- Support the JV’s bid team in reviewing funder term
sheets and offers of finance.
- Liaise with external funders and their advisers as
necessary.
- Attend financial close.
Contract Development (Financial
Support)·
Support the
JV bid team in the development of the payment mechanism.
·
Support the
provision of relevant financial information to relevant parts of the contract
documentation.
·
Support the
provision of information from the Financial Model to complete the Gaps List.
Other Advice as Required and
Meetings·
Additional
risk assessment work and bid/tender scenarios – using the financial model.
·
Provide ad
hoc financial information to the JV investors on a ‘time to time’ basis.
·
Attend
internal meetings as required.
·
Attend
external meetings as required.
Experience required:
·
A
track-record in the anaerobic digestion / energy from waste sector is essential
·
We would
expect candidates to have several years of experience in the waste sector as
well as a demonstrable track record of providing financial advice to projects up
to and including financial close
·
A good
knowledge of project and financing documents and negotiating experience will be
required
·
It is
expected that a project finance debt facility will be in place at financial
close so a track record in project financing is also required
Logistics
Start date: TBC, but appointment is expected to made the
week after the 14 April 2022 bid deadline. Duration: Subject to how the bid
progresses (see provisional timeline above)
Location: Remote working for the most part, but the
consultant will need to be available to travel to meetings in the Northwest of
England as and when required by the JV. A ‘reasonable’ level of travel expenses
is expected to be available for such meetings. The client is based in London,
and occasional travel to their offices may also be required.
Rates: Daily rate to the consultant will be £480 - £720
depending on level of experience and seniority
Close date: No later than Monday 11th April 2022, 9AM BSTTo
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