Award

Income Generation

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

27 Mar 2018 at 11:47

Award Notice
Tender

18 Nov 2016 at 20:15

Tender Notice
Summary of the contracting process

The Wolverhampton City Council is seeking proposals for its "Income Generation" project, which is aimed at addressing financial constraints while continuing to deliver the city’s priorities. This procurement falls under the services industry category, specifically financial consultancy and related services. The procurement process is currently in the Award stage, with the contract expected to run from 1st February 2016 to 29th April 2016. The tender, initially published on 22nd December 2015, carries a contract value of £90,000 and was conducted using an open procurement method.

This tender presents a significant opportunity for businesses specialising in financial consultancy and income generation strategies, particularly those equipped to navigate the challenges of public sector financial management. Companies with innovative approaches to income optimisation and those experienced in public sector contracts would be particularly well-suited to compete for this engagement. Ultimately, successful bidders will play a critical role in helping the Council establish new income streams and improve its financial sustainability.

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Notice Information

Notice Title

Income Generation

Notice Description

The medium term financial constraints for the City of Wolverhampton Council present the organisation with significant challenges in continuing to deliver priorities for the City. Over previous years the Council has successfully managed to shape and size services to maintain delivery of priorities within budget. However; this is getting increasingly difficult to achieve and there is a need for the Council to optimise the level of income it generates. The Council is of the view that not only can income be a crucial factor in helping to close the budget gap in both the short and medium term, it will also help to foster a new relationship with citizens and communities, and users of services. The Council has undertaken reviews of its income work streams over previous years. However given the increasing pressures on budgets, services where it had chosen not to charge for the full cost of the service are now being analysed more carefully with a view to revising those charging arrangements. The Council is also looking to identify new and creative opportunities for income generation. Therefore, as part of the diagnostic, this work needs to generate options for the Council to consider for how it can optimise and implement potential opportunities for new income streams. The Council is therefore now looking to undertake a Council wide analysis of fees and charges income and broader income generating opportunities with a view to maximising that income.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/03ffee71-ef81-4fb0-9887-99bb224aaf19
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
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Mar 20187 years ago
Submission Deadline
15 Jan 2016Expired
Future Notice Date
Not specified
Award Date
12 May 20169 years ago
Contract Period
31 May 2016 - 31 Aug 2016 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
WOLVERHAMPTON CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

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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