Award

Risk Management

MINISTRY OF HOUSING, COMMUNITIES & LOCAL GOVERNMENT

This public procurement record has 2 releases in its history.

AwardUpdate

17 Apr 2019 at 07:08

Award

18 Jun 2018 at 14:20

Summary of the contracting process

The procurement process titled "Risk Management" is initiated by the Ministry of Housing, Communities & Local Government (MHCLG) to address deficiencies in their risk management portfolio. This tender falls under the financial consultancy services category, with a total contract value of £306,000. The procurement method utilised is selective, comprising a call-off from the Crown Commercial Service Management Consultancy framework (RM3745). The tender period concluded on 16 May 2018, and the contract commenced on 30 May 2018, lasting until 31 August 2018. This procurement is located in London, England.

This tender presents notable opportunities for businesses, particularly those in financial consultancy and risk management services, to engage with a significant governmental client. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSE) are encouraged to participate, as they may bring innovative solutions and competitive pricing. Companies with expertise in risk assessment, modelling, and governance would be particularly well-suited to pursue this opportunity, potentially establishing a long-term relationship with the MHCLG.

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Notice Title

Risk Management

Notice Description

Following an initial evaluation by the Interim Director, it has been discovered that MHCLG's entire risk portfolio is not currently managed to a best practise level. There are fundamental issues relating to risk expertise, capability, modelling, pricing, reporting, stress testing and governance across all risks. This needs to be addressed quickly as MHCLG is running huge risks which can potentially lead to losses or decreased efficiency. The Supplier will provide a complete, interim risk management solution for MHCLG. Additional information: This contract is a call off from Lot 2 of the Crown Commercial Service Management Consultancy framework (RM3745).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-18f6bf63-aa07-44d5-87a9-71c5d7baa734
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cf9c0603-8f4e-40e9-a3ff-64a8e1c4efab
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, 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
£306,000 £100K-£500K
Lots Value
Not specified
Awards Value
£306,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Apr 20196 years ago
Submission Deadline
16 May 2018Expired
Future Notice Date
Not specified
Award Date
22 May 20187 years ago
Contract Period
29 May 2018 - 31 Aug 2018 1-6 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
MINISTRY OF HOUSING, COMMUNITIES & LOCAL GOVERNMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 4DF
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

BRAMBLE HUB

Open Contracting Data Standard (OCDS)

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