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Department for Education's Safety Valve Programme - Financial Advisors

Department for Education

This public procurement record has 1 release in its history.

Award

25 Jun 2024 at 09:59

Award Notice
Summary of the contracting process

The Department for Education has completed its Safety Valve Programme contracting process, securing financial advisory services through a tender procedure. The Department aims to support Local Authorities with large Dedicated Schools Grant deficits. The contract, valued at £114,000 GBP, is set to commence on 1st July 2024 and conclude on 30th June 2025. The buying organisation, Department for Education, is situated in London, England. This procurement falls under the services category and was conducted using an open procedure below the threshold, attracting small and medium-sized enterprises (SMEs).

This awarded contract opens up business growth opportunities for companies providing financial consultancy services. SMEs that specialise in financial advisory and consultancy services, particularly those with expertise in supporting educational institutions, are well-suited to compete in this tender. As the Department for Education continues implementing its Safety Valve Programme, successful bidders will have the chance to engage in a year-long contract, contributing to the education sector's financial stability while expanding their business reach.

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Notice Information

Notice Title

Department for Education's Safety Valve Programme - Financial Advisors

Notice Description

The Department for Education has contracted 6 financial advisors to provide advisory services to its Safety Valve programme, which supports Local Authorities with large Dedicated Schools Grant (DSG) deficits.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0b21eeb3-4aaf-415e-a8b9-cbae2fbbe9c0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/91e59ebd-c644-4826-b401-2d016d256cdb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£114,000 £100K-£500K
Lots Value
Not specified
Awards Value
£114,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jun 20242 years ago
Submission Deadline
20 May 2024Expired
Future Notice Date
Not specified
Award Date
3 Jun 20242 years ago
Contract Period
1 Jul 2024 - 30 Jun 2025 6-12 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
Department for Education
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 3BT
Postcode Area
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
6
Supplier Names

Chris West Consultancy Services Ltd

Impact Change Solutions Ltd.

JPB Fenway Consultancy Ltd.

Langbrook Finance Ltd.

Putsham Associates Ltd.

Waje Consulting Ltd.

Further Information

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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