Award

UKEF Financial Reporting Changes Phases 3 and 4

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

20 Sep 2021 at 09:59

Award Notice
Summary of the contracting process

The procurement process titled "UKEF Financial Reporting Changes Phases 3 and 4" is initiated by the Department for International Trade (DIT) on behalf of the Department for UK Export Finance (UKEF). This project, classified under the industry category of 'Business services', seeks to contract a Delivery Partner to assist in compliance with IFRS 9 and IFRS 17 standards. The contract is valued at approximately £8.5 million, and the procurement method is a selective process using a framework agreement. The contract period spans from 3rd September 2021 to 3rd September 2024, following a tender period that concluded on 21st June 2021. The procurement is located in the United Kingdom, specifically through a project managed from London.

This tender presents significant opportunities for businesses, particularly those experienced in financial reporting, consulting services, or compliance projects. Companies with a proven track record in managing similar projects and delivering comprehensive support to governmental organisations would be well-suited to compete. Small and medium-sized enterprises (SMEs) are encouraged to participate, making this an accessible opportunity for innovative firms looking to expand their portfolio within the public sector. The project enables potential suppliers to engage with prestigious clients and enhance their visibility in the industry.

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Notice Information

Notice Title

UKEF Financial Reporting Changes Phases 3 and 4

Notice Description

The Secretary of State for the Department for International Trade (DIT) on behalf of The Department for UK Export Finance (UKEF) (the "Customer"), has a requirement for Financial Reporting Changes - phases 3&4. The full specification is provided with the contract document, but in summary the requirement is for the provision of an experienced Delivery Partner with a broad range of capabilities and experience to assist with a project to ensure compliance with two financial standards IFRS 9 and IFRS 17 (collectively referred to as the Standards). The Delivery Partner will design a programme to help the Customer implement the Standards and then assist the Customer in implementing the programme (the Programme). The contract shall be for a period of 3 years, with the contractual option(s) to extend by a further 12 months. The requirement has an estimated total value of PS8.5m (ex-VAT). Total estimated Year 1 fees will be PS5.6m.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1dec3647-7366-41ef-9cc4-5a85a899e627
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3c519a3e-76c4-4a36-9fbe-6456a6fc6ffb
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

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

CPV Codes

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

Notice Value(s)

Tender Value
£5,600,000 £1M-£10M
Lots Value
Not specified
Awards Value
£8,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Sep 20214 years ago
Submission Deadline
21 Jun 2021Expired
Future Notice Date
Not specified
Award Date
2 Sep 20214 years ago
Contract Period
2 Sep 2021 - 3 Sep 2024 3-4 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 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
SW1A 2DY
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

PRICEWATERHOUSECOOPERS

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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