Award

Financial Advisors Support for Prison Estate Transformation Programme 2023

MINISTRY OF JUSTICE

This public procurement record has 2 releases in its history.

AwardUpdate

16 Jun 2023 at 13:34

Award Notice
Award

09 Jun 2023 at 14:54

Award Notice
Summary of the contracting process

The Ministry of Justice has awarded a contract for Financial Advisors Support for the Prison Estate Transformation Programme 2023. The contract, valued at £604,000 GBP, involves corporate finance and venture capital services. The procurement method used was selective, calling-off from a framework agreement. The contract period spans from 30th May 2023 to 30th October 2023. The tender deadline was 26th April 2023. The contract was awarded on 26th April 2023. The procurement took place in London, United Kingdom, under the services category.

This tender presents an opportunity for financial advisory firms specialising in corporate finance and venture capital services to engage with the Ministry of Justice. Businesses that can provide expert financial advice and assure on financial liabilities and risks proposed through contracts would be well-suited to compete. As the contract involves providing financial support for the operation of prisons, companies with experience in this field would have a competitive advantage. The Ministry of Justice is looking for established firms capable of delivering high-quality financial services within the given contract period.

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 Advisors Support for Prison Estate Transformation Programme 2023

Notice Description

HMPPS continue to require specialist support to deliver mini competitions to operate prisons delivered under the Prison Operator Services Framework (POSF/the Framework). External financial advice from a company like this provides the SRO, CFO, AO and SoS with additional assurance on financial liabilities and risks proposed through the contract, payment mechanism and other project documentation and the wider economic uncertainty make this kind of rigour all the more important.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-239a57b4-86b8-4baf-a45c-6b21fe2cc1f7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/52265e0f-8dc9-46d1-ad71-30b1d0a1cea5
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£604,000 £500K-£1M
Lots Value
Not specified
Awards Value
£604,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jun 20232 years ago
Submission Deadline
26 Apr 2023Expired
Future Notice Date
Not specified
Award Date
25 Apr 20232 years ago
Contract Period
29 May 2023 - 30 Oct 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
MINISTRY OF JUSTICE
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
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

Further Information

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-b5fd17-239a57b4-86b8-4baf-a45c-6b21fe2cc1f7-2023-06-16T14:34:16+01:00",
    "date": "2023-06-16T14:34:16+01:00",
    "ocid": "ocds-b5fd17-239a57b4-86b8-4baf-a45c-6b21fe2cc1f7",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_353676/1223012",
        "title": "Financial Advisors Support for Prison Estate Transformation Programme 2023",
        "description": "HMPPS continue to require specialist support to deliver mini competitions to operate prisons delivered under the Prison Operator Services Framework (POSF/the Framework). External financial advice from a company like this provides the SRO, CFO, AO and SoS with additional assurance on financial liabilities and risks proposed through the contract, payment mechanism and other project documentation and the wider economic uncertainty make this kind of rigour all the more important.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66122000",
            "description": "Corporate finance and venture capital services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "E14 4PU"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "E14 4PU"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 604000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2023-04-26T23:59:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-05-30T00:00:00+01:00",
            "endDate": "2023-10-30T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-248092",
            "name": "Ministry of Justice",
            "identifier": {
                "legalName": "Ministry of Justice"
            },
            "address": {
                "streetAddress": "10 South Colannde",
                "locality": "London",
                "postalCode": "E14 4PU",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "ITCategor_and_Supplier@justice.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-168744",
            "name": "Deloitte LLP",
            "identifier": {
                "legalName": "Deloitte LLP"
            },
            "address": {
                "streetAddress": "1 New Street Square, London, United Kingdom, EC4A 3HQ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-248092",
        "name": "Ministry of Justice"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-239a57b4-86b8-4baf-a45c-6b21fe2cc1f7-1",
            "status": "active",
            "date": "2023-04-26T00:00:00+01:00",
            "datePublished": "2023-06-09T15:54:13+01:00",
            "value": {
                "amount": 604000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-168744",
                    "name": "Deloitte LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-05-30T00:00:00+01:00",
                "endDate": "2023-10-30T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/52265e0f-8dc9-46d1-ad71-30b1d0a1cea5",
                    "datePublished": "2023-06-09T15:54:13+01:00",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2023-06-16T14:34:16+01:00"
                },
                {
                    "id": "2",
                    "description": "n/a",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/9f4506f4-7922-45db-a006-46912bd1d0cb",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}