Award

Infected Blood Compensation Authority: Provision of Financial Advice to Compensation Recipients

CABINET OFFICE

This public procurement record has 3 releases in its history.

AwardUpdate

10 Feb 2026 at 19:31

Award Notice
AwardUpdate

09 Feb 2026 at 19:10

Award Notice
Award

03 Feb 2026 at 12:40

Award Notice
Summary of the contracting process

The public procurement process initiated by the Cabinet Office focuses on providing financial advice to recipients of compensation as part of the Infected Blood Compensation Authority. The contract, awarded to Bloom Procurement Services Ltd, involves the selective procurement method through a call-off from a framework agreement, held within the services industry under accounting and auditing services. Factor Financial Planning Ltd is tasked with offering tailored sessions to up to 50 individuals for effective money management. The contract spans from 9th December 2024 to 31st March 2025, with activities primarily centered around Newcastle upon Tyne, England. The current procurement stage is Award, having been updated as of 10th February 2026.

This tender fosters significant opportunities for small and medium enterprises, especially those specialising in financial consultation and accounting services. Businesses equipped with expertise in advisory roles can thrive by engaging in this contract, as it offers a chance to demonstrate tailored financial management strategies. Given the nature of the contract and its suitability for SMEs, companies that can deliver comprehensive and insightful financial guidance are well-positioned to leverage this contract for broadening their client base and establishing themselves as competent advisors in the public procurement domain.

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Notice Information

Notice Title

Infected Blood Compensation Authority: Provision of Financial Advice to Compensation Recipients

Notice Description

Factor Financial Planning Ltd have been appointed by Bloom Procurement Services Ltd on behalf of the Cabinet Office on behalf of Infected Blood Compensation Authority to provide the first group of persons claiming (being a group of up to 50) with advice on the safe management of their money through a tailored introductory session with Factor Financial Planning Ltd's independent financial advisor.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1a223517-dfb8-4d6b-ad9e-cb94f2ec49ca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ddbd177-7809-4a0f-b4b7-0d3fe2fa0593
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£103,947 £100K-£500K
Lots Value
Not specified
Awards Value
£103,947 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20261 weeks ago
Submission Deadline
15 Nov 2024Expired
Future Notice Date
Not specified
Award Date
12 Dec 20241 years ago
Contract Period
9 Dec 2024 - 31 Mar 2025 1-6 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
CABINET OFFICE
Contact Name
Not specified
Contact Email
professionalservices@cabinetoffice.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AS
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
2
Supplier Names

BLOOM PROCUREMENT SERVICES

FACTOR FINANCIAL PLANNING

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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