Award

PS21184 Commercial Due Diligence of Grant Application

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 4 releases in its history.

AwardUpdate

17 Jan 2022 at 13:58

Award

17 Jan 2022 at 13:55

TenderAmendment

23 Sep 2021 at 13:53

Tender

17 Sep 2021 at 15:50

Summary of the contracting process

The UK Shared Business Services Limited (UK SBS) is conducting a tender for the "PS21184 Commercial Due Diligence of Grant Application", requiring expert financial consultancy services related to the steel industry. The procurement method is open, with the tender period concluding on 28th September 2021 at 14:00, followed by a contract period that runs from 1st October 2021 to 12th November 2021. The contract value is set at £50,000 and is categorised under financial consultancy services, particularly focusing on assessing business plans related to the steel sector within the UK and key export markets.

This tender presents significant opportunities for businesses with expertise in financial consultancy and a strong understanding of the steel industry. Companies specialising in market analysis, economic forecasts, and due diligence would be well-suited to compete, particularly those with a demonstrated track record in evaluating steel sector dynamics. Engaging in this procurement process may lead to further collaborations within the public sector, enhancing businesses' opportunities for growth and expanding their market reach.

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Notice Title

PS21184 Commercial Due Diligence of Grant Application

Notice Description

The final date and time for the submission of bids is 28th September 2021 at 14:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the Delta eSourcing Portal. Brief Description of Requirement We require the services of a specialist supplier with extensive skills, knowledge and expertise in relation to the steel industry to conduct a specialist commercial due diligence of a very significant grant application for a company in the UK. The supplier will be required to evaluate assumptions made in the company's business plan before we can finalise the grant award. Scope of Work The supplier will have to demonstrate extensive expertise and knowledge of the steel sector and utilise this in evaluating and critically assessing the credibility of the commercial aspects of the company Business Plan ('BP') against future steel supply and demand expectations in the UK and key export markets, including, but not limited to: * Overview of the supply and demand outlook for each product category referenced in the BP; * Assessment of the BP sales volume, price realisation and market share projections in each major product category set against the market outlook; * Assessment of the impact of the current steel tariff/safeguard regime may have on the company's exports; * Setting a RAG rating against the long-term projections for each product category; * Suggesting an alternative range of commercial outcomes (volume, price, margin) for each product category where the BP projections are considered unrealistic or aggressive. PLEASE NOTE: the supplier will have to demonstrate extensive skills and expertise in relation to understanding and analysing the steel market specifically. This piece of work requires extensive knowledge of the steel industry in order to provide credible assessment of the above scope items. Reliance Basis It is essential that the final report be provided on a reliance basis. This reliance basis must be provided on the basis that the full due diligence provider can use the report in their assessment of the company's grant application. This reliance basis must be included in the quoted price. This contract will be awarded based on the evaluation criteria as set out in the ITQ document. How to Apply UK Shared Business Services Ltd (UK SBS) will be using the Delta eSourcing Portal for this procurement. To register on the Delta eSourcing portal please use the link https://www.delta-esourcing.com/ and follow the instructions to register. If you are already registered on the Delta eSourcing Portal and wish to participate in this procurement, please use the link: https://www.delta-esourcing.com/ and the follow the instructions to 'Log in' Once you are logged into the system you will be able to link yourself into this procurement using the Access Code: 85N727Y58R Additional information: DO NOT APPLY DIRECTLY TO BUYER All submissions will be assessed in accordance with the Public Procurement Regulations that apply to this opportunity. Responses must be received by the date and time in the tender documentation; responses received outside of the deadline or not sent via the Delta eSourcing portal will not be accepted or considered by the Contracting Authority further for this opportunity. Interested organisations should ensure that they allow a sufficiency of time, prior to the deadline to allow all sections to be completed in full and any attachments to be uploaded. As a user of the Delta eSourcing Portal you will have access to the Delta messaging service which facilitates all messages sent to you and from you, as well as other messages and updates in relation to any specific tender event. Please note that any and all information secured outside of the messaging service, shall have no merit or worth and should not be relied upon by any organisation submitting a tender response. Please note it is your organisations responsibility to access these messages on a regular basis to ensure you have sight of all relevant information applicable to this opportunity. The Contracting Authority expressly reserves the right: i. not to award any contract as a result of the procurement process commenced by publication of this notice; and ii. to make whatever changes it may see fit to the content and structure of the procurement; and under no circumstances as part of your organisations participation in this opportunity, will the Contracting Authority be liable for any costs incurred by any organisation as a result. If the Contracting Authority decides to enter into a contract with any successful organisation(s), this does not mean that there is any guarantee of subsequent contracts being awarded. Any expenditure, work or effort undertaken prior to contract award is accordingly a matter solely for the commercial judgement of your organisation in doing so. About UK Shared Business Services UK Shared Business Services Ltd (UK SBS) brings a commercial attitude to the public sector; helping our contracting authorities to improve efficiency, generate savings and modernise. Where UK SBS is not named as the Contracting Authority within the documentation, UK SBS will be acting as an agent on behalf of the Contracting Authority. Our broad range of expert services is shared by our customers. This allows our customers the freedom to focus resources on core activities; innovating and transforming their own organisations. For full details of our partner base please review the following link: http://www.uksbs.co.uk/services/procure/contracts/Pages/default.aspx

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-20f37a3a-ef1c-4349-95cd-eb218cfc8c33
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01a7749f-71dc-4815-bc16-21034ea8a972
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66171000 - Financial consultancy services

79210000 - Accounting and auditing services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£35,027 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20224 years ago
Submission Deadline
28 Sep 2021Expired
Future Notice Date
Not specified
Award Date
6 Oct 20214 years ago
Contract Period
5 Oct 2021 - 12 Nov 2021 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
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Joe Wightman
Contact Email
joseph.wightman@uksbs.co.uk
Contact Phone
01793425052

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

HATCH ASSOCIATES

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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