Award

Financial Consultancy Month End Review

THE INSOLVENCY SERVICE

This public procurement record has 2 releases in its history.

AwardUpdate

31 Jan 2023 at 10:43

Award Notice
Award

27 Jan 2023 at 11:31

Award Notice
Summary of the contracting process

The Insolvency Service has awarded a contract for Financial Consultancy Month End Review services to Deloitte. The contract value is £70,200 GBP, and the contract period is from January 9th, 2023, to March 17th, 2023. The tender was part of a selective procurement method under the main procurement category of services. The evaluation was completed, and the contract was awarded on December 13th, 2022, with the contract end date being used as the deadline for delivery.

This opportunity presents potential growth avenues for consultancy firms specializing in financial services in the United Kingdom. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are suited to compete due to the nature of the consultancy services required. Businesses interested in financial process optimization and management consulting are well-positioned to engage in the competitive tendering process and establish valuable partnerships for future growth opportunities.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Financial Consultancy Month End Review

Notice Description

The requirement is for consultancy services to undertake a review of our financial month end close and reporting process. The current process is resource intensive, reliant on a number of manual workarounds, hand-offs and is often beset with data errors and the need for correction and re-work. These issues result in a significant amount of non-value adding time in both the Management Accounting and Finance Business Partner Teams which would otherwise be spent producing insight and analysis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1f9923fc-9115-4353-91c8-c599aeb592a9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1639a043-7bc4-4e75-8eb6-9ca2145b47b4
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
£70,200 Under £100K
Lots Value
Not specified
Awards Value
£70,200 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20233 years ago
Submission Deadline
30 Nov 2022Expired
Future Notice Date
Not specified
Award Date
16 Jan 20233 years ago
Contract Period
9 Jan 2023 - 17 Mar 2023 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
THE INSOLVENCY SERVICE
Contact Name
Elizabeth Sampson
Contact Email
elizabeth.sampson@insolvency.gov.uk
Contact Phone
03003048642

Buyer Location

Locality
STRATFORD
Postcode
SW1P 2HT
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

DELOITTE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-1f9923fc-9115-4353-91c8-c599aeb592a9-2023-01-31T10:43:40Z",
    "date": "2023-01-31T10:43:40Z",
    "ocid": "ocds-b5fd17-1f9923fc-9115-4353-91c8-c599aeb592a9",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "TIS0578",
        "title": "Financial Consultancy Month End Review",
        "description": "The requirement is for consultancy services to undertake a review of our financial month end close and reporting process. The current process is resource intensive, reliant on a number of manual workarounds, hand-offs and is often beset with data errors and the need for correction and re-work. These issues result in a significant amount of non-value adding time in both the Management Accounting and Finance Business Partner Teams which would otherwise be spent producing insight and analysis.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 70200,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2022-11-30T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2023-01-09T00:00:00Z",
            "endDate": "2023-03-17T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/PFcF5f84",
            "name": "The Insolvency Service",
            "identifier": {
                "legalName": "The Insolvency Service",
                "scheme": "GB-SRS",
                "id": "supplierregistration.cabinetoffice.gov.uk/PFcF5f84"
            },
            "address": {
                "streetAddress": "16th Floor,1 Westfield Avenue",
                "locality": "STRATFORD",
                "postalCode": "SW1P2HT",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Elizabeth Sampson",
                "email": "elizabeth.sampson@insolvency.gov.uk",
                "telephone": "03003048642"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-OC303675",
            "name": "Deloitte",
            "identifier": {
                "legalName": "Deloitte",
                "scheme": "GB-COH",
                "id": "OC303675"
            },
            "address": {
                "streetAddress": "2 New Street Square LONDON EC4A 3PA GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/PFcF5f84",
        "name": "The Insolvency Service"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-1f9923fc-9115-4353-91c8-c599aeb592a9-1",
            "status": "active",
            "date": "2023-01-16T00:00:00Z",
            "datePublished": "2023-01-27T11:31:00Z",
            "value": {
                "amount": 70200,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-OC303675",
                    "name": "Deloitte"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-01-09T00:00:00Z",
                "endDate": "2023-03-17T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/1639a043-7bc4-4e75-8eb6-9ca2145b47b4",
                    "datePublished": "2023-01-27T11:31:00Z",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2023-01-31T10:43:40Z"
                },
                {
                    "id": "2",
                    "documentType": "contractSigned",
                    "description": "This is a redacted version of the signed contract",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/27e20e85-5fc6-4949-aa30-828bf6ce973c",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}