Call for Proposals: Fund Manager for a Grant Facility

A financial Institution or an NGO to act as Fund Manager for a Results-Based Financing (RBF) Grant Facility in Bosnia and Herzegovina

Acronyms

CAET	Community Action for Energy Transition Project
CET	Central European Time
CfP	Call for Proposals
EC	Energy Community
EE	Energy Efficiency
EU	European Union
EUR	Euro
FM	Fund Manager
GA	Grant Agreement
GIZ	Deutsche Gesellschaft für Internationale Zusammenarbeit
HOA	Homeowner Associations
IVA	Independent Verification Agent
KEP	“Kaufmännische Eignungsprüfung” / commercial and legal eligibility check
NGO	Non-governmental Organisation
PSC	Project Steering Committee
OM	Operations Manual
RBF	Results-based Financing
RECs	Renewable Energy Communities
SECO	State Secretariat for Economic Affairs of Switzerland
TA	Technical Assistance
TAIEX	Technical Assistance and Information Exchange instrument of the European Commission
TAU	Technical Assistance Unit
TC	Technical Committee

CONTENT

Annex I – General Design of the Grant Facility

Annex II – Format of the Proposal

Annex III – Proposal Evaluation Criteria

1. Background

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is a global service provider in the field of international cooperation for sustainable development and has over 50 years of experience in a wide variety of areas, including economic development and employment, energy and the environment, and peace and security. GIZ with its >20,000 staff supports the German Government and many public and private sector clients in around 120 countries in achieving their objectives, working together with strategic partners to sustainably improve the living conditions of people around the world.

GIZ has been working in Bosnia and Herzegovina since 1995, with its main office in Sarajevo. GIZ is supporting Bosnia and Herzegovina to integrate its economy into the European market, with a particular emphasis on environmentally friendly production and development of the digital and innovation economy. Economic development measures are primarily focused on export-oriented sectors, such as the wood and metal industries. In order to get more people into skilled work and to train experts, GIZ is also promoting vocational education and training measures with the aim of improve the economy’s competitiveness and creating more jobs for skilled workers. In the field of climate action, GIZ is advising Bosnia and Herzegovina on transitioning to the environmentally friendly supply and production of energy. For this, it is supporting state funding programmes aimed at improving energy efficiency in residential building stock and providing advice on resource-efficient energy use.

The “Community Action for Energy Transition” (CAET) project, implemented by GIZ in Bosnia and Herzegovina supports municipalities and the private sector in actively implementing energy transition measures at the local level. To this end, the project works with public, private sector and civil society organisations in the energy and construction sector and provides them with expert advice. The project consists of three components: 1. Promotion of energy-efficient renovation of multiapartment buildings through the development of climate, environment and resource friendly renovation concepts for selected investment projects and of financing models for the integration of low-income homeowners in renovation projects; 2. Promoting the establishment of energy communities by providing technical and legal advice to partner municipalities and private-sector investors on the establishment, organisation, financing, and implementation of the renewable energy communities (RECs); and 3. Data Governance by providing expert advice to multi-level governance processes, facilitating the design, collection, analysis, further processing, and use of technical, economic, social, and gender-specific data from renovations of private residential buildings. At the same time, it advises and trains the staff of local authorities on data collection and use of data for municipal energy planning and reporting as well as for the design of specific support programmes for women.

1. Overview

The CAET project is seeking to partner with a local non-for profit or financial institution under a grant agreement, to act as a Fund Manager of an upcoming Grant Facility co-financed by the German Federal Ministry for Economic Cooperation and Development, the European Union (EU). An additional co-financing by the State Secretariat for Economic Affairs of Switzerland (SECO) is being prepared and is expected to be commissioned in Q2 2025.

The objective of the Grant Facility is to provide partial and results-based grants to community-led sustainable, renewable energy and energy efficiency projects (project owners).

The Grant Facility will be implemented by four main actors with distinct roles:

• The Fund Manager (FM): a financial institution or NGO in charge of managing the Grant Facility funds, signing contracts with approved project owners, and disbursing funds to project owners, upon verification and approval by the Technical Committee.
• The Independent Verification Agent (IVA): independent party in charge of verifying all results claimed by the project owners, which will be a pre-condition for fund disbursement.
• The Technical Committee (TC): consisting of technical experts (from GIZ, the FM and selected external experts) in charge of the overall operations of the Grant Facility (including calls for proposals, project selection, communication with project owners, monitoring, etc.) . The TC will be the last instance to approve all contract signatures and disbursements to the project owners.
• The Project Steering Committee (PSC): consisting of representatives from funding and implementation partners that provides oversight and guidance over the execution of the Grant Facility. The TC regularly informs the PSC about progress and the PSC grants no-objection to project funding.

The operations of the Grant Facility are governed by an Operations Manual (OM). The OM provides a description of the results-based financing approach for each financing window, incentive amounts payable to beneficiaries and other key features of the Grant Facility, and clearly describes all relevant processes, procedures, timelines, and other information relevant to the day-to-day operation of the FM, the IVA, the TC.

The design of the Grant Facility is still ongoing. However, a main outline and features of the approach are provided in Annex I. 

A draft structure of the OM will be provided to the selected Fund Manager at the end of the selection process for their review and comments. The OM will be developed and finalised in collaboration between the Fund Manager and GIZ, to reflect the FM’s internal processes and timelines and other aspects are relevant to their role in the Grant Facility and in accordance with the information presented in the proposal submitted to GIZ. The OM will be an integral part of the grant agreement between GIZ and the FM.

The Fund Manager will achieve the following milestones: 

• Selection of projects to receive grants, as part of the Technical Committee.
• Contracting of at least 5 projects to receive grants  under Window 1. Additional projects may be financed under Window 1, upon approval of the SECO financing. 
• Contracting a yet to be confirmed number of projects funded under Window 2, pending approval of the SECO financing.
• Disbursement of grants along predefined milestones and after verification.

The collaboration with the Fund Manager will be formalised via a Grant Agreement with GIZ. The Grant Agreement will establish the transfer of funds from GIZ to the Fund Manager, which are in turn to be awarded as grants to project owners. The grant agreement will also specify the operational costs of the Fund Manager, as per Section 3. The Operations Manual described above constitutes an integral part of the grant agreement and must be finalised before signature.

Eligible costs include inter alia costs for staff, use of IT equipment, telecommunications, software and other adequately justified and pre-agreed cost items. Evidence for all costs incurred will have to be presented to GIZ.

1. Duration

The Grant Agreement between the Fund Manager and GIZ is expected to commence in September 2025 and have a duration of approximately 3 years until November 2028.

1. Scope of Work of the Fund Manager

The Fund Manager is expected to assume the following functions/tasks:

1. Set-up of adequate Fund Management Processes and Structures

Open and maintain a dedicated bank account for the funds in Euro. Open and maintain a dedicated bank account for the funds in local currency to facilitate disbursements of funds according to pre-defined payment schedules provided by the TC. Provide inputs (internal operational/approval processes of the FM, internal timelines of the FM, structures in place to facilitate contact and payments to project owners, etc.) during the development / review of the Operations Manual of the Grant Facility.

2. Technical Committee Membership

Assign 1-2 members of the team to participate to the Technical Committee and its functions, including project proposal evaluations and issuing grant award recommendations.

2. Contracting

Sign Contracts with eligible project owners, based on contract templates developed with the TC. Contracts must clearly state the requirements to trigger disbursements of funds, amounts to be paid, as well as monitoring requirements project owners must comply with.

3. Disbursement of Funds

Make disbursements to project owners in a timely and professional manner (incl. documentation of transactions) upon verification of results by the IVA and upon receiving an official payment request from the Technical Committee.

4. Overall Fund Management, Monitoring and Compliance

Ensure compliance of all operations, transactions, and documentation with internal and external audit requirements. Keep a detailed overview of the funds allocated to each project owner to ensure that the funds are not overbooked and continuously track fund disbursements made to each project owner using appropriate software and tools. Submit monthly account statements to the TC. Support the preparation of annual reviews. Submit a Final Report once the funds are fully disbursed.

1. Eligibility Requirements

An eligible Fund Manager must fulfil the following minimum eligibility requirements, backed with documented evidence:

• Official registration as a financial institution or an NGO in BiH: evidence of legal form and registration in accordance with the legal provisions applicable in the country in which the institution/organisation is based), such extracts from register/formation documents showing the location of the institution’s/organisation’s registered office and the year it was established or other forms of substantiating documentation.
• A clear governance structure, including documented operational procedures.
• Financial institutions must have a minimum of 5 years of experience and a proven track-record in commercial banking and/or development banking. Experience in the energy sector and evaluating the viability of energy efficiency and renewable energy projects is a plus.
• NGOs must have a minimum of 5 years of experience and a proven track-record in managing and disbursing national and/or international grants. Experience in the energy sector and evaluating the viability of energy efficiency and renewable energy projects is a plus.
• Internal contracting rules that comply with national legislation and standards related to the awarding of contracts.
• Internal and external controls: Existence, mandate, quality of internal control bodies and observance of the following principles:  transparency, cross-check principle, separation of functions, need to know principle.
• External auditing bodies and audit reports, including from other donors
• Strong internal checks and balances to guard against corruption and fraud.
• A flexible electronic Management Information System (MIS) that can accommodate fund management, reporting and tracking of fund disbursements separately.
• A bookkeeping system through which an expert third party can gain an overview of the recipient’s business transactions and financial situation within a reasonable amount of time.
• The institution must not be heavily indebted to the extent that it may lead to the loss of funds.
• Confirmation that the financial institution or NGO and any of their staff members does not figure in any sanctions list, including the EU sanctions list, the ILO blacklist, the World Bank list of ineligible firms and individuals or any others.

1. Application Process

Parties interested in the role of Fund Manager for the Grant Facility must submit a full proposal. 

The proposal must be submitted in three separate pdf documents, as follows:

1. Eligibility Package: Cover letter (1 page) summarising the organisation’s suitability for the role, backed with all the relevant documentation to proof the compliance of the organisation with the eligibility requirements set forth in Section 5. The technical and financial proposals will only be opened for organisations that comply with the eligibility requirements.
2. Technical Proposal: a technical proposal not exceeding 30 pages must be submitted following the format provided in Annex II and the provisions set forth in Section 4 and Annex I of this Call for Proposals. The proposal should convey a clear understanding of the process and the activities to be carried out for the duration of the project, as well the underlying personnel concept. Furthermore, key elements of the technical proposal are 1) a concise overview of internal processes and timelines to process disbursements and 2) a clear presentation of the cost-structure for carrying out transactions.
3. Financial Proposal: as the full extent of available budget for the Grant Facility is not yet confirmed and to ensure comparability between proposals received, applicants shall submit a financial proposal based on the following set scope parameters, corresponding to the approved EU funding:

• 5 projects to be funded.
• EUR 850,000 earmarked for grants.
• 4 milestone payments per project.
• 20 estimated number of transactions (5 projects à 4 milestones)

Once the SECO financing is approved, the above parameters may be increased, accordingly. 

After the submission deadline, the proposals will be evaluated by GIZ, based on pre-defined evaluation criteria, as specified in Annex III.

It is expected that the evaluation process will be completed within 4 weeks of the deadline. During this time, applicants may be contacted for clarifications, which should be submitted as soon as possible.

There is a preference to work with an entity that will remain active in the energy access sector after the project is completed. Proposals that show a clear strategy for the applicant to continue working in the sector beyond the Grant Facility’s implementation period will receive bonus points in the proposal evaluation.

Similarly, bonus points will be given to applicants that can clearly show that environmental and gender safeguards are in place within their organisation.

The organisation with the highest score will be informed of the success of the proposal but this does not yet constitute an obligation for GIZ to conclude a grant agreement with the winning organisation. In order to qualify for signing a grant agreement with GIZ, partner organisations must undergo and pass a due diligence process (internally called “KEP”). Should the winning organisation not pass the due diligence process, GIZ reserves the right to move on to the second-best proposal or to re-launch the Call for Proposals.

Disclaimer: The submission of a proposal does not lead to a legal entitlement to receive any funding. Any possible funding through within the framework of this call for proposal will be granted following and in accordance with an appropriate legal and commercial review, in particular with regard to the public-benefit purpose of each project and the non-violation of EU state-aid law. The legal compliance may also require adjustments in respect of the concept of the project proposal submitted as well as the inclusion of corresponding provisions into the contracts governing the use of funding.

1. Timelines and Submission Process

The following table provides an overview of the expected timelines from the Call for Proposals until the start of the implementation of the Gant Facility.

Activity	Deadline
Launch of Call for Proposals	14. Februar 2025
Q&A Meeting with interested candidates (s. below)	Beginning of March 2025
Submission of Proposals	31. March 2025
Interviews with shortlisted candidates	Mid April 2025
Selection of Winning Proposal	30. April 2025
Due diligence / KEP	May 2025
Finalisation of GA negotiation and Proposal	15. July 2025
Signing of the Grant Agreement	30. September 2025
Start of Implementation	15.October 2025

The submission of the Proposal must be sent to Esad Smajlovic via email to esad.smajlovic@giz.de before 31/03/2025, 00:00 CET. Late submissions will be excluded from the selection process.

1. Q&A Meeting

GIZ will host a Q&A and information session for interested parties to elaborate on background, content and requirements of the Grant Facility and the role of Fund Manager:

• Date and time: first or second week of March (TBC)
• Location: online meeting via MS Teams
• Target Group: Financial institutions and NGOs, interested to fill the role of Fund Manager for the Grant Facility (max. 2 participants per institution). 

To participate, please RSVP indicating your name, position and organisation via email to esad.smajlovic@giz.de before 28/02/2025.

Annex I – General Design of the Grant Facility

The BMZ-financed CAET project, with co-funding from the EU and SECO, is aiming to establish a Grant Facility to provide non-refundable grants to project owners that aim to develop and implement sustainable energy or energy efficiency projects in Bosnia and Herzegovina. The Figure above provides an overview of the overall set-up of the Grant Facility.

Window 1 “Sustainable Energy Projects by EC and community-led partnerships” will be funded by the EU (and potentially SECO) and will provide grants to Energy Communities (EC) or other forms of community-led partnerships (also referred to as “project owner(s)”) that aim to invest into renewable energy and energy efficiency technologies within their communities.

Projects to be financed under Window 1 will be selected by the TC based on: a) their partnership character (project developed either by an EC or another form of partnership between municipalities, private sector, citizens and/or other players relevant at community level), b) the ability to demonstrate a clear benefit to the community, c) cost-efficiency and d) replication potential. It is expected that at least 5 projects will be awarded grant support, depending on the total volume of required grants of winning projects.

Window 2 “Energy Efficiency in Buildings” is expected to be funded in full by SECO and will provide grants to homeowner associations (HOA) (also referred to as “project owner(s)”) that aim to invest in projects to conduct energy efficiency (EE) renovations in multi-apartment buildings. 

Projects to be financed under Window 2 will be selected based on: a) HOA readiness to co-finance proposed EE measures, b) type of proposed measures, c) building type related to energy conditions and d) social structure of HOA tenants. The estimated number of projects to be financed will be confirmed by the end of Q1 2025.

Both windows will offer grants to cover a portion of the total costs of eligible projects and will be disbursed on a milestone basis. Milestones will be defined in advance and will be standardised, to the degree possible. Tentatively, milestones will include final bill of quantities, quotations, proof of delivery of main works/technology/ equipment and commissioning of the project. A percentage of the total grant allocated to a project will be disbursed upon completion and verification of each milestone. 

Under Window 1, the value of the grants is expected to lie between 50-80% of the overall project cost. The total, currently available funds for grants under Window 1 is approximately €850,000. SECO financing may be added to Window 1, once the SECO financing is approved by the end of Q2 2025.

Under Window 2, it is expected that most of the eligible costs will be covered by HOAs, municipalities and the environmental protection funds and that SECO funds will be channelled at complementing the own contributions of homeowners with grants. The value of the grants is expected to lie between 10-25% of overall project cost, while grants in the higher side of the range may be awarded to lower-income households. The total available funds for grants under Window 2 is to be confirmed by the end of Q2 2025.

Projects under both windows will be identified and selected through a Call for Proposals (CfP) process. The selection process will be structured in three phases (concept note submission, technical assistance (TA) support to project preparation and full proposal submission). The CfP will define a cap on eligible project cost and a minimum of 50% of the costs will be covered by the Facility. 

Projects that come from the pipeline developed by CAET prior to the launch of the Facility and that have already received extensive TA will not be required to submit a concept note but can directly submit a full proposal. The concept note and TA stages are predominantly meant to support new projects – not on the radar of CAET – in fulfilling the requirements for accessing grants from the Facility.

Successful concept notes will pass on to the technical assistance phase, in which targeted TA may be extended to project owners that require support to develop their project idea into a viable project. A clear description of TA needs of each individual project will be requested at CfP stage to allow for a smooth planning of TA and budget allocation.

The Technical Committee evaluates submissions (both at concept note and full proposal stage) following a pre-defined evaluation process, including clear evaluation criteria (matrix) and scoring guidelines. Next to the above-mentioned minimum eligibility criteria (partnership character, community benefit, cost-efficiency and replicability), concept note/proposal evaluation criteria could also include technical performance parameters, environmental impact potential (CO₂ emission reductions and others), innovative character of the overall project, monitoring capacity, availability of required permits/licenses, volume of grant requested, among others. At least two evaluators are assigned to each submitted concept note/proposal, who conduct their assessments individually for a subsequent consolidation of scores. When there is a significant divergence in scoring, affected submissions are discussed in an extended expert panel setting to assess and align scoring of each individual evaluation criterion. Projects are ranked according to score achieved and recommendations regarding technical assistance allocation (at concept note stage) and grant allocation (at full proposal stage) are issued for no-objection by the Project Steering Committee.

Technical Assistance: The Grant Facility will be flanked by a technical assistance unit (TAU). The TAU will be put in place to ensure that the capacity of EC and other community-led partnerships interested in investing in sustainable energy projects under both Windows are improved. To this end, the TAU will extend mentoring, targeted project development, procurement, business model development and other relevant trainings and assist project owners in the development of bankable proposals. The TAU will extend the following TA:

• Before the CfP, the TAU will conduct information events aimed at informing relevant stakeholders about the grants offered by the Facility. These sessions will also include a segment, in which examples of innovative sustainable energy projects and best practices that have been implemented across the EU are presented. To this end, the Action – with support from the EU Delegation – may make use of the Technical Assistance and Information Exchange instrument of the European Commission (TAIEX), which supports public administrations with regard to the approximation, application and enforcement of EU legislation as well as facilitating the sharing of EU best practices in form of workshops, expert missions and study visits. Academic Institutions of BiH will also be involved in supporting project ideation.
• For projects that pass the concept note phase, the TAU will assign one expert to mentor the project owners in the process of developing a full proposal for the Facility. Next to that, each project will receive targeted TA according to their needs expressed in the concept note phase. This phase will not be required for projects coming from the CAET pipeline.
• For projects that pass the full proposal phase and that are awarded grants, the expert/mentor of the TAU already assigned to the selected projects will continue to mentor the project owners throughout the implementation of the project, also contributing to ensuring that quality standards and timelines are met.
• It is expected that 50 representatives of municipalities/energy communities and companies will receive advisory and training from the TAU.

Once project awards and grant allocations have received the no-objection by the PSC, the TC provides a full list of the approved project owners to the FM. This list also specifies the allocated amount per project owner, as well as the predefined milestones and predetermined amounts payable after the completion of each milestone.

On this basis, the Fund Manager proceeds to enter into a contractual agreement with each selected project owner (EC or other partnership). The contract will specify grant amounts, milestones to be met for disbursements, as well as any other conditions to be met by the project owners.  

The total available funds for grants under Window 1 is approximately €850,000.

The total available funds for grants under Window 2 is to be confirmed and should not form part of the FM proposal yet.

These funds are to be earmarked exclusively for the provision of grants to project owners. The costs associated with the management of the funds by the Fund Manager shall be covered separately, as per the selected Fund Manager’s budget submitted with the proposal.

Once projects are being implemented, project owners may submit claims for disbursement of the grant amount corresponding to the milestone achieved to the Fund Manager. Claims must be accompanied with credible proof of the achievement of the relevant milestone mentioned in the claim, as contractually agreed.

The Fund Manager informs the TC and the Independent Verification Agent about the claim submitted and forwards all the relevant documentation to both parties.

The IVA performs a paper check, and depending on the milestone, a visual inspection will also be conducted. Upon third party verification, TC also performs document checks and approves the disbursement. Only after verification and TC approval, TC will instruct the Fund Manager to disburse the grant by means of a standardised disbursement approval form. The Fund Manager must have the necessary processes in place that allow for a disbursement of funds within 10 working days from the reception of the approval form for a specific claim. 

Annex II – Format of the Proposal

A – TECHNICAL PROPOSAL

1. Introduction

Description of the organisation, vision, mission, mandate.

1. Objectives and Results

Confirm understanding of the project and the role and tasks as the Fund Manager to achieve project results, defined in Section 2.

1. Experience

Justification on why the organisation is the right one for the role and list of relevant reference projects with same/similar responsibilities.

1. Approach 

1. Key Processes and Preparatory Actions

Describe all internal processes (steps, approval instances, requirements for processing payments, etc.) relevant to 1) the contracting of the project owners, 2) the processing of disbursement requests and include a timeline for completing all processes from the request for disbursement to the effective date of disbursement and 3) dealing with complaints or disputes from/with project owners. Clearly outline which processes are in place and which processes need to be adapted or set-up to comply with the requirements of the role as FM for the Grant Facility.

Describe any relevant preparatory actions to be completed to operationalise the grant disbursement process, such as establishment of structures, (digital) tools to be used, recruitment, internal approval and other relevant processes, timeline to establish all necessary structures (how long under operationalisation), etc.

1. Implementation Actions

Describe all implementation actions as per Section 4 and Annex I, such as Participation in the Technical Committee, Contracting of project owners, disbursement of funds, standard timeline/response times during implementation, documentation of transactions, etc. 

1. General Cost Structure for Transactions

Provide a clear presentation of the cost-structure for carrying out transactions (e.g. based on a percentage of the transaction amount or a flat fee per transaction) and any eventual changes to the cost structure (if any) in case the overall amount earmarked for grants to project owners is increased.

1. Project Management Approach

Data collection tools, monitoring and reporting to GIZ including means of verification of results, exchanges/Meetings, oversight, etc.

1. Team Composition

Profile of staff, roles, responsibilities, time allocation.

1. Compliance and anti-fraud mechanisms

Description of compliance and anti-fraud mechanisms in place.

1. Energy Sector Engagement (Bonus)

Description and evidence that the applicant will remain active in the energy access sector after the project is completed.

1. Safeguards + Gender (Bonus)

Description of procedures and capacities in place for addressing gender inequality and possible unintended adverse impacts to the environment, climate and people.

1. Overall Timeline of Implementation

Overview of activities and timelines in form of a Gant chart.

1. Risk Management

Identify potential risks to project implementation and suggest robust measures to mitigate them. Risk mitigation measures should form an inherent part of the approach, choice of methods and tools, etc.

B – FINANCIAL PROPOSAL

Clear and justifiable budget for the proper execution of the role of fund manager. Eligible costs include inter alia costs for staff, use of IT equipment, telecommunications, software and other adequately justified and pre-agreed cost items. Evidence for all costs actually occurred will have to be presented to GIZ.

As the full extent of available budget for the Grant Facility is not yet confirmed and to ensure comparability between proposals received, applicants shall submit a financial proposal based on the following set scope parameters, corresponding to the approved EU funding:

• 5 projects to be funded.
• EUR 850,000 earmarked for grants.
• 4 milestone payments per project.
• 20 estimated number of transactions (5 projects à 4 milestones)

The financial proposal should be presented in the following cost categories:

	Staff
	External services (if needed)
	Transport costs/travel expenses (if needed)
	CO2Compensation (if needed)
	Procurement of materials and equipment
	Other costs/consumables
	Funds for direct support to third party beneficiaries (€850,000)
	Administration costs (      % on budget line 1 –      )

Annex III – Proposal Evaluation Criteria

PROPOSAL EVALUATION CRITERIA
Quality of the Proposal
The proposal is overall clear and coherent.	up to 10 points
The proposal shows are good interpretation of the Call for Proposals and critically examines and shows understanding of the role and tasks of the fund manager.	up to 10 points
The proposal includes a good description of the organisation’s strategy for fulfilling the role as a Fund Manager, notably with regards to contracting project owners and fund disbursements.	up to 10 points
The proposal presents a clear and competitive cost-structure for transactions.	up to 10 points
The proposal shows a good understanding of the interactions required with other stakeholders involved in the Grant Facility and shows a clear strategy on how to manage these interactions.	up to 5 points
The proposal presents a feasible and clear timeline for the preparation of fund management structures.	Up to 10 points
Qualification of the Organisation as Fund Manager
The organisation presents a feasible and relatively short timeline for disbursement of funds.	up to 10 points
The organisation has sound governance, compliance and anti-fraud systems in place.	up to 10 points
The organisation has a robust system for data collection, reliable enough to support verification and reporting requirements.	up to 5 points
The organisation's experience and track record are significant and credible.	up to 10 points
The organisation allocates sufficient and adequately qualified staff to ensure a professional and timely execution of the role of fund manager.	up to 10 points
Bonus Points
The organisation provides credible evidence that it will remain active in the energy access sector after the project is completed.	2 points
The organisation provides credible evidence that it has procedures and capacities in place for addressing gender inequality and possible unintended adverse impacts to the environment, climate and people.	2 points
Total achievable points	100 points + 4 Bonus points