Award

Financial Reporting Changes (FRC) - Technical Accounting Changes

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

13 May 2020 at 13:11

Award Notice
Summary of the contracting process

The procurement process involves the provision of "Financial Reporting Changes (FRC) - Technical Accounting Changes" by the Department for International Trade, specifically under the UK's Export Finance (UKEF) body. This tender is categorised under financial consultancy services and was awarded on 20th December 2019. The contract, notable for its total value of £342,695 excluding VAT, is scheduled to run from 4th March 2020 to 17th June 2020, with the option to extend for an additional two months. The procurement method utilised was selective, via a call-off from a framework agreement, suggesting a carefully chosen supplier for this professional service.

This tender represents a significant opportunity for businesses involved in financial consultancy, particularly small and medium-sized enterprises (SMEs) that can provide technical accounting services. The involvement of a major buyer like the Department for International Trade highlights the potential for growth and further contracts in the sector. Businesses with expertise in financial reporting and compliance may find this and similar tenders to be a strategic avenue for expansion, positioning themselves well to respond to future requirements from governmental bodies.

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Notice Information

Notice Title

Financial Reporting Changes (FRC) - Technical Accounting Changes

Notice Description

UK Export Finance (UKEF) has a requirement for the provision of "Financial Reporting Changes (FRC) - Technical Accounting Changes". The Secretary of State for UKEF is the contracting authority. The contract is for a period of 3 and a half months, with the contractual option to extend by a further 2 months. The requirement has a total value of PS342,695.00 excluding VAT.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1a5d950f-3190-4b7c-a1a5-cffd56bd8914
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e460dc40-8b1e-40ca-8ee1-4b051eb7806c
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

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£342,695 £100K-£500K
Lots Value
Not specified
Awards Value
£342,695 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 May 20205 years ago
Submission Deadline
13 Dec 2019Expired
Future Notice Date
Not specified
Award Date
20 Dec 20196 years ago
Contract Period
4 Mar 2020 - 17 Jun 2020 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
DEPARTMENT FOR INTERNATIONAL TRADE
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
SW1H 0TL
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

KPMG

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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