Award

Two reports explaining the quant and qual impacts of AI on the FPS workforce

CITY OF LONDON CORPORATION

This public procurement record has 2 releases in its history.

AwardUpdate

07 Oct 2024 at 15:51

Award Notice
Award

10 Apr 2024 at 11:37

Award Notice
Summary of the contracting process

The City of London Corporation recently awarded a contract for the development of two reports detailing the quantitative and qualitative impacts of AI on the Financial and Professional Services (FPS) workforce. The procurement process, now in the award stage, involved a direct procurement method under a single tender action below the threshold. The contract, valued at £42,632, was awarded to KPMG and has a project duration from 22 January 2024 to 22 November 2024. The service category under which this contract falls is Research Consultancy Services, and the delivery location is London, UK. Key dates included the tender end date on 22 December 2023, with the contract period starting from 22 January 2024.

This tender offers substantial opportunities for business growth, especially for firms specialising in research consultancy services. SMEs particularly stand to benefit given the suitability criteria that favour them. The contract’s focus on AI's impacts on the FPS workforce presents a lucrative opportunity for companies experienced in technological innovation and workforce analytics. Businesses that are adept at delivering in-depth research and actionable insights in these domains would be well-suited to compete in similar future tenders.

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Notice Information

Notice Title

Two reports explaining the quant and qual impacts of AI on the FPS workforce

Notice Description

Consultant research support for assessing workforce impacts of AI on FPS

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1527ae85-e7ab-49bf-851d-94da0cc22847
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/724852fb-25d9-4c20-81e3-bd1fbcb2f799
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73210000 - Research consultancy services

Notice Value(s)

Tender Value
£42,632 Under £100K
Lots Value
Not specified
Awards Value
£42,632 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Oct 20241 years ago
Submission Deadline
22 Dec 2023Expired
Future Notice Date
Not specified
Award Date
8 Jan 20242 years ago
Contract Period
22 Jan 2024 - 22 Nov 2024 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
CITY OF LONDON CORPORATION
Contact Name
Danial Nash
Contact Email
danial.nash@cityoflondon.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2V 7HH
Post Town
Central 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
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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