REQUEST FOR PROPOSALS
1 Summary
WRI intends to award a contract to undertake detailed due diligence and provide gap assessments for innovative partnerships solutions in climate mitigation and adaptation. P4G typically receives and screens over 100 applications, then shortlists and evaluates final proposals for the top scoring about 15-25 partnerships and awards final funding and support to between 15-20 partnerships. The P4G Call for Proposals takes place twice every year and therefore the Due diligence consultant is expected as part of their services to undertake the detailed due diligence and provide gap assessments for an average of 15 innovative solutions per period.
2 Background
P4Gโs goal is to accelerate and scale new business models for sustainable development in developing and emerging economies through public-private partnerships. P4G contributes to green and inclusive growth in developing countries by helping early-stage ventures become investment ready and supporting country climate transitions in food, water and energy systems.
P4Gโs three outcomes below will contribute to the programme objective:
- Outcome 1: Businesses supported by P4G become investment ready.
- Outcome 2: Government and private sector leaders contribute to improving the green-growth enabling systems based on inputs by P4G partnerships.
- Outcome 3: Knowledge mobilisation (incorporating MEL) engages knowledge partner stakeholders who can influence enabling systems and country transitions in food, water and energy systems.
The P4G Hub is hosted by the World Resources Institute (WRI) and works in six partner countries: Colombia, Ethiopia, Indonesia, Kenya, South Africa and Vietnam. The primary responsibilities of the P4G Hub are to:
- Support the development and implementation of public-private partnerships through administering the P4G Partnership Fund and active facilitation of partnerships.
- Support the P4G global network of partner countries, businesses, international organizations and civil society and their efforts to develop and implement public-private partnerships through convening events, knowledge products and partnership facilitation.
- Promote and display green growth and public-private partnerships globally through major events such as the P4G Summit, knowledge products such as the State-of-the-Art report, and on-going communications.
3 About the World Resources Institute (WRI)
Founded in 1982, The World Resources Institute (WRI) is a global environmental think tank that goes beyond research to put ideas into action. We work with governments, companies, and civil society to build solutions to urgent environmental challenges. WRIโs transformative ideas protect the earth and promote development because sustainability is essential to meeting human needs and fulfilling human aspirations in the future.
4 Period of consultancy:
The kick-off date for starting the assignment will be April 1, 2024, with the assignment expected to be completed within three months from the start date. The total expected number of early-stage ventures to be evaluated will range between 15 and 20 per round of funding distributed among the P4G countries of implementation: Colombia, Kenya, South Africa, Ethiopia, Vietnam and Indonesia.
The due diligence and gap analysis assessments will be conducted twice a year for the three years that P4G will be on-boarding the new cohort of partnerships[1]. This contract will however be awarded for an initial period of one year upon signing of the contracts and thereafter renewed annually subject to timely submission and approval of quality deliverables as stipulated in the scope of work.
Please note that WRI is an IRS-registered 501(c)3, tax-exempt organization. WRI is not VAT exempt. All prices or quotes should include VAT and tax, as applicable.
5 Scope of Work:
5.1 Desk & Due Diligence Assessments
a) Conduct desk assessments based on information provided by the WRI P4G Program team and the early-stage ventures through documents shared (for example the partnershipโs business plans, pitch deck, financial model, workplan, budget and MEL and a reasonable number of virtual meetings (in-person meetings will not be required).
b) Perform individual due diligence assessments on each of the early-stage ventures and summarize the key findings and observations via Due Diligence Reports presented to the WRI P4G Program team in virtual meetings.
c) Perform research on the early-stage ventures contemplating macroeconomic, sectoral and sub-sectoral considerations (including regulatory environment, when applicable), business condition financial condition (including debt repayment capacity, when applicable), corporate governance and expert forward-looking views.
5.1.1 Deliverable:
Deliver a comprehensive report on the