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BACKGROUND
The objective of the Removing Barriers to increase investment in Energy Efficiency in Public Buildings in Ukraine through the ESCO modality in Small and Medium Sized Cities project is to enable the transformation of the market for investments in EE in public buildings in the country, by using the Energy Service Company (ESCO) modality, utilizing Energy Performance Contract (EPC), facilitated by introducing a single nationwide energy management information systems (EMIS) for Ukraine. The project has four components which are as follows:
Component 1: Formulation and introduction of a streamlined and comprehensive legal/regulatory, and policy framework for promoting energy efficiency in public buildings. Component 2: Promotion of private investment in energy efficiency in public buildings through appropriate catalytic financial incentives. Component 3: Demonstration of the implementation of EPC modality for energy efficiency initiatives in public buildings in different cities/municipalities. Component 4: Establishment and operationalization of a National Energy Management and Information (NEMIS) and a NEMIS Database.Under Component 2, the Project is to promote private investment in energy efficiency in public buildings through appropriate catalytic financial incentives, including the establishment of a Financial Support Mechanism (FSM). During the previous Project phases a set of banking products to catalyze private investments in the ESCO market was established, One of the products is “ESCO factoring”, announced by a few Ukrainian commercial banks in 2019 but not widely spread on the market. This product allowed shifting the focus from the “traditional” ESCO lending scheme. Typically, the loan was given to the project initiator (municipality, public utility company, condominium, etc.). The ESCO factoring proposed the loan directly to ESCO, giving the financial tool for the servicing company. The Project Reports lists a total of 192 ESCO contracts that have been financed by the ESCO - Factoring tool, of which 146 in 2019, 40 in 2020 and six in 2021, with a total volume of USD 1.54 million, and an average volume of USD 8,000. The other product is ECSO-specific risk insurance which could be covered both by commercial banks and insurance companies. The product was not widespread in the Ukrainian market and should be the subject of this Assignment analysis.
MAIN OBJECTIVES OF THE ASSIGNMENT The overall goal of this assignment is to conduct an assessment of the existing situation with the ESCO factoring as a tool for ESCO companies lending in Ukraine. As well as to identify the existing gaps and barriers and provide conclusions and recommendations on the current ESCO factoring/similar tools implementation and expansion among the Ukrainian commercial banks.
3. DESCRIPTION OF RESPONSIBILITIES / SCOPE OF WORK
The Individual Consultant will be responsible for conducting the following activities: ? Identify and describe barriers and gaps for Ukrainian ESCO companies to obtain loans from the local commercial banks.
? Identify the state of play on the ESCO factoring product: at least two commercial banks should be interviewed. The situation should be duly analyzed and described by the Individual Consultant in the draft analytical report.
? Identify the gaps and barriers to the implementation of ESCO-specific risks insurance and evaluate the feasibility of such a product in the existing Ukrainian conditions.
? Identify the risks related to ESCO lending from the side of the local commercial banks and propose the measures to mitigate/minimize such risks.
? Develop recommendations on the strengthening of ESCO factoring and similar products. The recommendations should include:
• actions/changes to be taken from the side of the local commercial banks to catalyze the ESCO lending; • changes to the regulative documents (Decrees and Orders of the Ukrainian Government, National Bank of Ukraine and other relevant institutions).
? Identify the capacity needs required for improving the ESCO lending process and implementation of new banking products/tools.
? Summarize data regarding the current state of the providing loans for ESCO by the local commercial banks, existing gaps and recommendations on new banking products/tools and improvements in the ESCO lending process in the final report.
MONITORING/REPORTING REQUIREMENTS AND TERMS OF PAYMENT
The Project Manager/ Component 2 Leader will supervise the work of the Individual Consultant through regular e-mail /telephone / Zoom/Teams communication. Work-progress reporting/monitoring meetings (online) will be held with the Individual Consultant regularly. UNDP will be responsible for all quality control and evaluation of the work progress of the performance of the Individual Consultant. No reports or documents should be published or distributed to any third party without prior approval of the UNDP. The Consultant will duly inform UNDP of any problems, issues or delays arising in the course of the implementation of the assignment and take necessary steps to address them. All reports and results are to be submitted to the UNDP in electronic form (*.docx, *.xlsx, *.pptx, and *.pdf or other formats accepted by UNDP) in English or Ukrainian and be developed in line with the UNDP principles of gender-responsive communications. Payment under this contract is to be made after acceptance of working plans and services delivered by the Consultant upon submission of an output report, other deliverables and an invoice indicating an exact number of workdays and description of tasks performed.
Payments will be made in four tranches:
Deliverable 1 - 10%,Deliverable 2 - 25%,Deliverable 3 - 35%,Deliverable 4 - 30%as per the Schedule of payments indicated in the table above
Competencies:
? Demonstrate/safeguard ethics and integrity;
? Self-development, initiative-taking; ? Encourage and participate in open communication in the team, and communicate effectively;
? Manage conflict;
? Informed and transparent decision-making.
The candidate should also demonstrate the abstract/presentation of at least two studies of a similar nature prepared during the last 5 years. The relevant documents in electronic forms (pdf, docx, ptt) should be sent to UNDP together with the candidate’s proposal and other documents listed in Chapter 9 of this TOR.
EXPERIENCE AND QUALIFICATIONS REQUIREMENTS
Minimum qualifications and experience:
? University degree in finance, economics, banking or another related field;
? At least 5 years of relevant experience in baking, insurance or finance sector;
? Previous experience as a lead or senior specialist in banking risk management or banking product development department is an asset;
? Strong technical and financial skills;
? Knowledge of national finance sector regulations, policies and guidelines;
? Proficiency in Ukrainian;
? Working knowledge of English will be an advantage.
FINANCIAL PROPOSAL
Lump sum contract The financial proposal shall specify the cost of professional services of the Individual Consultant to conduct an analysis of ESCO Factoring/similar tools and identification of barriers and gaps for its spreading on the Ukrainian banking market, and payment terms around specific and measurable (qualitative and quantitative) deliverables. Payments are based upon output, i.e., delivery of the services specified in the ToR. To assist the requesting unit in the comparison of financial proposals, the financial proposal will include a breakdown of this daily fee-based amount, the number of anticipated working days and a breakdown of the lump sum amount. Travel costs All envisaged travel costs must be included in the financial proposal. This includes all travel to join duty station/repatriation travel. In general, UNDP should not accept travel costs exceeding those of an economy class ticket. Should the IC wish to travel on a higher class he/she should do so using their own resources. Travel is not foreseen by this TOR. In the case of unforeseeable travel, payment of travel costs including tickets, lodging and terminal expenses should be agreed upon, between the respective business unit and Individual Consultant, prior to travel and will be reimbursed. 8. EVALUATION CRITERIA Educational background
? University degree in finance, economics, banking or another related field: Bachelor’s degree - 14 pts, Master`s degree - 17 pts, PhD degree - 20 pts Relevant professional experience in research and analytical work
? At least 5 years of relevant experience in baking, insurance or finance sector: 5 years – 20 pts, 6-9 years – 25 pts, 10 and more years – 30 points
? Previous experience as a lead or senior specialist in banking risk management or banking product development department: yes – 4 pts; no – 0 pts.
? Knowledge of national finance sector regulations, policies and guidelines: yes – 3 pts; no – 0 pts. Previous studies of a similar nature
? Abstract/presentation of two studies of a similar nature made during the last 5 years – 10 pts
? Abstract/presentation of three and more studies of a similar nature made during the last 5 years – 13 pts
DOCUMENTS TO BE INCLUDED WHEN SUBMITTING THE PROPOSALS
Applicants shall submit the following documents:
Required
? Letter of interest/proposal, explaining why the applicant considers him- or herself the most suitable for the work.
? Personal CV in the form of P11, including information about past experience in similar projects/assignments and contact details for referees.
? Financial proposal
? Abstract/presentation of at least two studies of a similar nature prepared during the last 5 years
EVALUATION METHOD
Cumulative analysis Contract award shall be made to the incumbent whose offer has been evaluated and determined as: a) responsive/compliant/acceptable, and b) having received the cumulative highest score out of a pre-determined set of weighted technical and financial criteria specific to the solicitation. * Technical Criteria weight: 70% * Financial Criteria weight: 30% Only candidates obtaining a minimum 70% from the maximum available technical score (49 points) would be considered for the Financial Evaluation The maximum number of points assigned to the financial proposal is allocated to the lowest price proposal and will equal to 30. All other price proposals will be evaluated and assigned points, as per below formula: 30 points [max points available for financial part] x [lowest of all evaluated offered prices among responsive offers] / [evaluated price]. The proposal obtaining the overall cumulatively highest score after adding the score of the technical proposal and the financial proposal will be considered as the most compliant offer and will be awarded a contract.
This vacancy is archived.