Award

MOD Efficiency Assurance Review

MINISTRY OF DEFENCE, C&C, OTHER

This public procurement record has 1 release in its history.

Award

22 Jun 2018 at 08:31

Award Notice
Summary of the contracting process

The Ministry of Defence (MoD) has recently completed a procurement process titled "MOD Efficiency Assurance Review," which falls under the financial consultancy services category. This process, executed through a selective procurement method, was conducted in London, UK. The tender period ended on 26th February 2018, with the contract awarded on the same date, commencing on 27th February 2018 and concluding on 31st May 2018. The total contract value is set at £750,000.

This tender presents an opportunity for firms specialised in financial consultancy, particularly those with expertise in efficiency and risk analysis within large-scale governmental contexts. Businesses that possess strong analytical capabilities and experience in public sector auditing would be especially competitive in this procurement process, as they can provide the independent assurance that the MoD seeks regarding its financial forecasts and efficiency plans.

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Notice Information

Notice Title

MOD Efficiency Assurance Review

Notice Description

In the context of its budget forecast, MoD is looking for additional external and independent assurance to answer the following questions: a. How credible is the revised efficiency plan within the MoD financial forecast? b. How robust is the delivery confidence and value estimation for efficiencies at both TLB level and in the overarching financial forecast? c. How much financial risk is being carried and to what extent do you think this risk is too much or too little in the overall financial context of the Department's financial position? d. Do the planning assumptions currently used stack up? e. How much confidence is evidenced in delivery milestones and what level of risk is there in the profile of savings currently assumed? Additional information: To view this notice, register as a supplier here: http://www.contracts.mod.uk/delta/signup.html?userType=supplier and search for the notice with reference 'UK-London: Financial consultancy services.'.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-09c79b26-3800-41bd-9bf5-ef845e78cb8e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c2c11f30-8bfb-4b7a-90ed-bdddc8c00cdb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
Not specified
Awards Value
£750,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jun 20187 years ago
Submission Deadline
26 Feb 2018Expired
Future Notice Date
Not specified
Award Date
26 Feb 20188 years ago
Contract Period
27 Feb 2018 - 31 May 2018 1-6 months
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
MINISTRY OF DEFENCE, C&C, OTHER
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
SW1A 2HB
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
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

OLIVER WYMAN

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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