Economic Assessment of Three Industrial Projects Tender - 32070461

Procurement Summary

Country: United Kingdom

Summary: Economic Assessment of Three Industrial Projects

Deadline: 23 Apr 2019

Posting Date: 08 Apr 2019

Other Information

Notice Type: Tender

TOT Ref.No.: 32070461

Document Ref. No.:

Competition: ICB

Financier: European Bank for Reconstruction and Development (EBRD)

Purchaser Ownership: -

Tender Value: Refer Document

CPV Classification

79311410 - Economic impact assessment

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Tender Details

Expression of Interest are invited for Economic Assessment of Three EBRD Industrial Projects.
Single Stage Open Competitive Selection - Request for Proposals
Project Description:
The European Bank for Reconstruction and Development (“EBRD” or the “Bank”) has recently reviewed its concept of transition and what constitutes a well-functioning market economy. The EBRD has defined 6 qualities of transition which its investments and policy dialogue should promote. These are: competitive, well-governed, green, inclusive, resilient and integrated.
Addressing climate change is at the core of the EBRD-s mandate of promoting the transition to market-based economies. It has also committed along with other Multilateral Development Banks (MDBs) to align its financial flows with the Paris Agreement objectives.
To support the assessment of transition impact and action on climate change, the EBRD has decided to undertake an economic assessment of prospective projects which would entail high greenhouse gas (GHG) emissions. This corporate commitment was announced on 12 December 2018, following the release of the EBRD Energy Sector Strategy 2019-2023. The economic assessment is a complement to other tools that are routinely applied by the Bank to assess its portfolio, such as sound banking principles, environmental and social due diligence, proof of additionality, etc.
For the above purpose, the Bank seeks to engage a firm (the “Consultants”) to assist the Bank at the time of conducting the economic assessment in three industrial and manufacturing investments in its Countries of Operation. The details of the three projects will be shared after contracting, but are likely to include: a Greenfield petrochemicals facility in the EU, a Greenfield corrugated board facility in the EU, a Greenfield industrial tire facility in Eastern Europe.
Assignment Description:
The overall objective of the Programme is to assist the Bank in the assessment of the economic merits of three industrial and manufacturing projects that are likely to entail high GHG emissions. The projects will be defined by the EBRD and the specific circumstances of the project will need to be taken into account to develop the analysis. The project summary document (PSD), published externally, will also refer to the economic assessment and contain a summary of the key outputs (link: https://www.ebrd.com/work-with-us/projects/)
For each project, the selected Consultant will conduct an economic analysis using the methodology approved by the Bank. The analysis should take into account relevant environmental and non-environmental factors. In manufacturing and/or industrial projects, the distortions caused by trade policies can also impact the economic outcomes of a project. The specific approach to analyse trade distortions for each of the three projects will discussed and agreed with EBRD prior to analysis. Lastly, to inform the assessment of aligning financial flows with the Paris Agreement, the Consultant will also provide an assessment of the extent to which the projects identified is consistent with the aims of the Paris Agreement and long run decarbonisation.
The full description of scope of tasks and activities is available in the Terms of Reference, available through:

http://www.ebrd.com/documents/procurement/tor-77680.pdf
Consultant Selection Procedure: Single stage open competitive selection. Interested firms or groups of firms are invited to submit a Technical Proposal and Financial Proposal.
Assignment Start Date and Duration: The Consultant will need to undertake assessments of three projects. The economic assessment for each project will take around 10 weeks, with potential overlap between the three projects, allowing time for EBRD to collect relevant data, the Consultant to undertake analysis and the EBRD time to review outputs and provide feedback. It is envisaged that the contract will likely finalise 6 months after its signature.
Cost Estimate for the Assignment: EUR 90, 000 (exclusive of VAT) for the Economic Assessment of all three projects in line with the TOR. The budget will be distributed evenly across the three projects. Subject to availability of funding, the performance of the selected Consultant and the specific needs of the Bank, the Assignment may be extended beyond the current scope.
Funding Source: It is anticipated that the contract will be financed by EBRD. Selection and contracting are subject to the availability of funding.
Eligibility: There are no eligibility restrictions based on the consultant's country of origin.
Consultant Profile: Corporate services are required. The selected Consultant(s) for this Assignment will be a firm or a group of firms with lead experts combining a mix of the following skills:
• Significant experience at developing and implementing econcomic assessments based on cost-benefit analysis principles.

• Strong experience and ideally publication track record in the field of economic assessment of industrial projects.

• Understanding of, and experience with working in, the context of the EBRD region and the challenges the region faces with respect to industry and manafacturing Demonstrated policy expertise and experience related to industrial and manafacturing projects.

• Experience in producing complelling visual materials to show the outputs of economic assessments.

• Demonstrative evdience of communicating the the outputs of economic assessments for senior decision makers in Government and Multilateral Development Banks.

• Strong quantitative and statistical skills for data work.
The experience above should be backed by a list of the delivered reports, preferably international/scientific publications, as well as citations in reputed forums.
The Consultant's expert team is expected to include the following key experts (the 'Key Experts'):
Key Expert No 1 - Project Manager, with:

• Preferably 15 years- experience in project management;

• International experience in developing and performing cost-benefit and cost-effectiveness analyses for both the public and private sectors, with specialisation in economic assessment of investments in sectors with significant levels of GHG emissions;

• Leading and implementing similar projects in the region or similar to EBRD-s countries of operations; including experience with procedures of international financing agencies (preferably EBRD procedures);

• Fluent spoken and written English is essential;
Key Expert No 2 - Financial/Economic Expert, with:

• Preferably 5 years- experience in financial and economic analysis

• Experience in economic assessment of projects in the region or similar to EBRD-s countries of operations; Relevant project experience in the project country will be considered an advantage;

• Practical and technical experience in developing and performing cost-benefit and cost-effectiveness analyses using shadow carbon prices;

• Master-s degree or equivalent in economics, finance, engineering,

• Fluent spoken and written English is essential;
Key Expert No 3 - Industrial Expert, with:

• Preferably 10 years- experience of manufacturing and industry

• Experience in economic assessment of manufacturing and industrial projects in the region or similar to EBRD-s countries of operations; Relevant project experience in the project country will be considered an advantage;

• Master-s degree or equivalent in economics, finance, engineering, or banking

• Fluent spoken and written English is essential;
Submission Requirements: The consultants are now invited to submit a completed Technical Proposal and Financial Proposal as per the standard templates and instructions available at this link: Proposal as per the standard templates and instructions available at this link: http://www.ebrd.com/documents/procurement/single-stage-package.docx. Interested Consultants should make themselves familiar with these Standard Templates, Standard Instructions and Conditions of Contract in preparation of their proposals.
• The Technical Proposal shall be submitted in English electronically via eSelection not later than the Closing Date, as one single PDF file. The technical proposal should not exceed 30 pages excluding the Declaration Form and CVs (Form 1- TP 1 and Form 1 - TP 6).
• The Financial Proposal (Form 2 - FP 1 and FP2) shall be submitted in English separately by email only to the Bank Contact Person. Consultants are reminded of the requirement to ensure the confidentiality of the Financial Proposals.
A Technical Proposal that contains elements of a financial proposal shall be declared non-responsive. A Financial proposal submitted together with the technical proposals via eSelection shall be declared non-responsive.
Bank Contact Person:

Sanda Jugo

European Bank for Reconstruction and Development

One Exchange Square

London EC2A 2JN

e-mail: [email protected]
For the avoidance of doubt, technical proposals should be sent through eSelection and NOT to this email address. Financial proposals should be sent to this email address and NOT through eSelection.
Deadline to Submit Clarification Questions: Via e-mail to the Bank Contact Person by 16/04/2019
Selection Method and Evaluation Criteria:
1. Technical Proposal Evaluation Criteria
(a) Firm's previous project experience in cost benefit analysis and cost-effectiveness analysis in project categories including those in power plants, energy intensive industries, transportation (including roads), and energy infrastructure (e.g. re-gasification, pipelines, etc.). (40%)
(b) Firm's previous project experience in the EBRD region/jurisdiction. Familiarity with local conditions in project country and similar environments will be considered an advantage. (30%)

(c) CVs of Key Experts (30%)
The minimum technical score (St) required to pass is 80.
2. Opening of Financial Proposals
After the technical eval

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