Award

CS22357 - Trade Credit Reinsurance Scheme - Independent Actuarial Expert

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

25 Apr 2023 at 15:10

Award Notice
Summary of the contracting process

The Department for Business, Energy and Industrial Strategy has recently awarded a contract for the Trade Credit Reinsurance Scheme to an Independent Actuarial Expert. The contract falls under the Financial and Insurance Services classification and Business Services sub-category. The procurement method used was selective, with the contract value set at £1,000,000 GBP. The contract period runs from September 30, 2022, to March 31, 2024, and the tender period ended on September 22, 2022. The Department is based in Swindon, England.

This awarded contract presents business growth opportunities for companies specializing in financial and insurance services, as well as business services such as law, marketing, consulting, recruitment, and security. Small and medium-sized enterprises (SMEs) are considered suitable for participation, and the contract was awarded to Grant Thornton UK LLP. Businesses based in various locations, including the UK and Europe, can benefit from this contract, which aims to bring finality to the Trade Credit Reinsurance Scheme overseen by the Department for Business, Energy and Industrial Strategy.

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Notice Information

Notice Title

CS22357 - Trade Credit Reinsurance Scheme - Independent Actuarial Expert

Notice Description

**Please note this is an awarded contract, not a call for competition** The Department for Business, Energy and Industrial Strategy had a requirement for an Independent Actuarial Expert to oversee the commutation process to bring finality to the Trade Credit Reinsurance Scheme. This Contract was advertised via CCS RM6188 Audit & Assurance Services Framework, Lot 4 - Other Independent Assurance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-180cb1fa-64ac-40b5-9626-bd71fd83ad1d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1de3ff4-99c6-4828-8147-fc242d0296cd
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

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

CPV Codes

66000000 - Financial and insurance services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Apr 20232 years ago
Submission Deadline
22 Sep 2022Expired
Future Notice Date
Not specified
Award Date
2 Dec 20223 years ago
Contract Period
5 Dec 2022 - 29 Mar 2024 1-2 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
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

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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