Award

Consultancy One CCS Framework RM1502 Lot 4.1: Commercial Financial Advice for the Thames Tideway Tunnel Project

DEPARTMENT FOR ENVIRONMENT, FOOD & RURAL AFFAIRS

This public procurement record has 2 releases in its history.

AwardUpdate

31 Mar 2021 at 18:39

Award Notice
Award

18 Nov 2016 at 20:17

Award Notice
Summary of the contracting process

The Department for Environment, Food & Rural Affairs (DEFRA) has recently completed the procurement process for the contract titled "Consultancy One CCS Framework RM1502 Lot 4.1: Commercial Financial Advice for the Thames Tideway Tunnel Project." This contract falls under the financial consultancy services category, specifically focusing on providing expert financial advice for managing governmental risks associated with the Thames Tideway Tunnel project. The procurement method was selective, conducted as a call-off from a framework agreement, and the contract period spans from 24 June 2016 to 30 June 2019.

This contract presents significant opportunities for businesses, particularly those specialising in financial consultancy and environmental assessments. Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs) are particularly well-suited to compete for this type of tender, as they can bring innovative approaches and tailored solutions to the consultancy required. The financial value of the contract is approximately £653,932.32, which could provide a lucrative boost for successful bidders in this sector.

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Notice Information

Notice Title

Consultancy One CCS Framework RM1502 Lot 4.1: Commercial Financial Advice for the Thames Tideway Tunnel Project

Notice Description

Consultancy required for providing key specialist financial advice on the Thames Tideway Tunnel project, to manage risks to Government through the Government Support Package (GSP) signed with the project's Infrastructure Provider (IP). In particular, advice on risks posed to the taxpayer by IP financial decisions, advice on actions Government could take to reduce risk of calls on the GSP, and advice on hedging transactions and costs. Additional information: Please note that Defra procurement uses e-tendering, provided by Bravosolutions. In order to access the Bravo system you will need to be registered. Could I therefore request that you register on the Bravo portal for Defra. If you're already registered on the Bravo portal please check that your registration includes Defra, as you have to specify us in order to correctly receive the tender documents. If you have any problems with the registration process, please contact the Bravo helpline on 0800 368 4850 or alternatively email them at help@bravosolution.co.uk. The link you require for new registration/amendments to registrations is - https://defra.bravosolution.co.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-001d31d2-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/98396d2a-c2d4-4a37-b414-bc372bc42cc6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

90 - Sewage, refuse, cleaning and environmental services

CPV Codes

66171000 - Financial consultancy services

90711000 - Environmental impact assessment other than for construction

Notice Value(s)

Tender Value
£653,932 £500K-£1M
Lots Value
Not specified
Awards Value
£653,932 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20214 years ago
Submission Deadline
24 May 2016Expired
Future Notice Date
Not specified
Award Date
23 Jun 20169 years ago
Contract Period
23 Jun 2016 - 30 Sep 2022 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR ENVIRONMENT, FOOD & RURAL AFFAIRS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3JR
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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