Award

PS25050 - OLS - Tax and Reporting Burden Project

DSIT

This public procurement record has 1 release in its history.

Award

21 Mar 2025 at 13:09

Summary of the contracting process

The Department for Science, Innovation and Technology (DSIT) in Swindon, England, has concluded a procurement process titled "PS25050 - OLS - Tax and Reporting Burden Project," aimed at addressing the complex regulatory and financial environment of the Life Sciences sector. This procurement falls under the industry category of research and development services and related consultancy services (CPV 73000000). The contract, valued at £83,333.33, was awarded to Deloitte LLP via a direct award under the RM6187 Management Consultancy Framework Three (MCF3). The project, which commenced on 13th March 2025 and concluded on 31st March 2025, involves locations such as the British Overseas Territories, Channel Islands, Europe, Isle of Man, the United Kingdom, and the rest of the world.

This tender presents significant opportunities for small and medium-sized enterprises (SMEs) within the Life Sciences sector. Businesses engaged in diagnostics, orthopaedics, digital health, and Cell and Gene Therapy stand to benefit from consultative input on quantifying the tax and reporting burden in financial terms, thereby fostering economic growth and innovation. Companies capable of navigating the regulatory complexities and capable of offering strategic insight into tax and reporting structures would find this opportunity particularly well-suited for developing specialised business strategies and enhancing their market position.

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Notice Title

PS25050 - OLS - Tax and Reporting Burden Project

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded as a direct award under the RM6187 Management Consultancy Framework Three (MCF3). Brief Description of Requirement Problem to solve: The Life Sciences sector offers significant opportunities for the 10 Year Health Plan, and our mission for economic growth through the Life Sciences Sector Plan. However, it operates in a complex regulatory and financial environment, where various taxes and reporting requirements -including corporate taxes, import duties, value-added taxes (VAT), environmental taxes and reporting alongside sector-specific levies-can cumulatively weigh on the UK's competitiveness and innovation capacity. Industry is speaking of a 'tipping point' being reached due to a 'soaring increase in the cost to do business', and an industry association (ABHI) has estimated that almost three quarters of the sector are delaying recruitment plans due to the national insurance increase alone. Existing data has however been collected by industry and is from a small sample. Aim: to quantify in PS the size (and growth impact) of the UK tax and reporting burden across Life Sciences. Needs to take account of different sub sectors (i.e. diagnostics vs orthopaedics vs digital vs Cell and Gene Therapy) and company size (i.e. small, medium large).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-06cd88ca-42fe-4f95-8865-c244d1a10fe7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/def80c1c-32ed-4c4a-99b6-064003686902
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£83,333 Under £100K
Lots Value
Not specified
Awards Value
£83,333 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Mar 202511 months ago
Submission Deadline
5 Mar 2025Expired
Future Notice Date
Not specified
Award Date
13 Mar 202511 months ago
Contract Period
13 Mar 2025 - 31 Mar 2025 30 days
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DSIT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

Open Contracting Data Standard (OCDS)

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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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