Award

Corporate Venture Capital

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

04 Nov 2024 at 15:00

Summary of the contracting process

The Department for International Trade has completed the procurement process for a contract titled "Corporate Venture Capital," aimed at the business and management consultancy sector. The final award stage saw the contract awarded to Prom Partners, an SME based in Zurich, Switzerland. The procurement, conducted through a single tender action (below threshold), had a total value of £80,000 and covers services to be provided globally, including the United Kingdom and various overseas territories. The contract period began and ended on 24th October 2024, with the award being officially announced on 4th November 2024.

This tender presents a significant opportunity for SMEs, particularly those in the consultancy sector, to engage with high-value contracts managed by prominent governmental departments such as the Department for International Trade. Companies specialising in business and management consultancy will find such tenders particularly advantageous for expanding their portfolio and establishing long-term relationships in international markets. The streamlined procurement method signifies a potential for quicker engagement and reduced bureaucratic processes, making it an attractive proposition for capable SMEs.

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Notice Title

Corporate Venture Capital

Notice Description

Corporate Venture Capital

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0f39c9a7-3ce9-45fb-9f99-85ef95bf21d2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6ab83b4-15b1-43a2-b881-024c48764bc7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£80,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Nov 20241 years ago
Submission Deadline
22 Oct 2024Expired
Future Notice Date
Not specified
Award Date
23 Oct 20241 years ago
Contract Period
23 Oct 2024 - 24 Oct 2024 24 hours
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 INTERNATIONAL TRADE
Contact Name
Department for Business and Trade
Contact Email
dbtprofessionalservices@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
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
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PROM PARTNERS

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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