Award

Foreign Exchange Advisory Services to HS2 Ltd

HS2

This public procurement record has 1 release in its history.

Award

16 Nov 2022 at 12:05

Award Notice
Summary of the contracting process

The buying organization HS2 Ltd has awarded a contract for Foreign Exchange Advisory Services to Deloitte LLP. The procurement process involved financial consultancy for FX information analysis, supply chain risks, market outlook, treasury functions, value assessments, and financial modelling support. The contract value is £152,666.66 GBP, procured through a selective method from a framework agreement. The contract starts on 9th August 2022 and ends on 8th August 2024, with the tender period closing on 27th June 2022.

This tender for Foreign Exchange Advisory Services by HS2 Ltd presents an opportunity for financial consultancy firms with expertise in FX markets, treasury functions, and financial modelling. Small and medium-sized enterprises (SMEs) with experience in providing financial advisory services could also consider competing for this contract. The contract duration of two years offers a stable revenue stream for the winning bidder, Deloitte LLP, and signifies HS2 Ltd's commitment to secure specialised financial expertise for its operations and procurement activities.

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Notice Information

Notice Title

Foreign Exchange Advisory Services to HS2 Ltd

Notice Description

Financial consultancy in respect of Foreign Exchange Advisory Services: Analysis and advice in respect of the foreign exchange ("FX") information in the Phase One rolling stock tender assessment; Advice on HS2 supply chain foreign currency exposures and potential risks; Advice on foreign exchange (FX) markets and outlook; Assessment of the value for money of potential arrangements for taking FX exposures in-house on individual HS2 Ltd procurements and existing contracts; Advice on developing and implementing HS2 Ltd's FX policy and procedures, including advice on setting up any required treasury functions and governance procedures within HS2 Ltd; Market to market valuations, accounting and tax advice regarding the treatment of FX positions; and Provision of related financial modelling support and assurance activities in respect of any of the above.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0b8e1f60-5d8e-4a2e-8536-bcd183165ce0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ba84419c-cf4c-47bc-b6f4-db3454172128
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
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
£152,666 £100K-£500K
Lots Value
Not specified
Awards Value
£152,666 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Nov 20223 years ago
Submission Deadline
27 Jun 2022Expired
Future Notice Date
Not specified
Award Date
8 Aug 20223 years ago
Contract Period
8 Aug 2022 - 8 Aug 2024 2-3 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
HS2
Contact Name
Radka Street
Contact Email
radka.street@hs2.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

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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