Award

Safety Valve Funding Financial Advisors con_10973

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

22 Jul 2021 at 07:06

Summary of the contracting process

The procurement process involves the Department for Education, which aimed to secure financial advisory services for managing negotiations concerning significant designated schools grant deficits. Titled "Safety Valve Funding Financial Advisors con_10973," this project falls under the financial consultancy services category. The procurement stage has reached the award phase, with the contract period commencing on 19th July 2021 and extending until 31st March 2022. The total contract value is set at £12,000, and the procurement method used was a limited competitive quotation.

This tender presents a valuable opportunity for businesses, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs), to engage in public sector projects. Companies specialising in financial consultancy services would be particularly well-suited to compete for this contract, leveraging their expertise to assist the Department for Education in navigating complex financial negotiations. The geographic delivery area extends beyond the UK, encompassing British Overseas Territories and Europe, which could also attract international consultancy firms aiming to expand their influence in the public procurement space.

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Notice Title

Safety Valve Funding Financial Advisors con_10973

Notice Description

Financial advisor support to conduct negotiations with local authorities with large designated schools grant deficits

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0d6770a1-24a7-4153-a504-a14775d99328
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d08f437b-1a42-436e-b3e6-a5372f320438
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME, VCSE
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
£12,000 Under £100K
Lots Value
Not specified
Awards Value
£12,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jul 20214 years ago
Submission Deadline
29 Jun 2021Expired
Future Notice Date
Not specified
Award Date
18 Jul 20214 years ago
Contract Period
18 Jul 2021 - 31 Mar 2022 6-12 months
Recurrence
Not specified

Notice Status

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

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
NEWCASTLE UPON TYNE
Postcode
NE1 8QH
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified

Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

CHRIS WEST CONSULTANCY SERVICES

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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