Award

Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers

OFFICE FOR STUDENTS

This public procurement record has 1 release in its history.

Award

11 Dec 2024 at 10:45

Summary of the contracting process

The Office for Students (OfS) has successfully completed a procurement process for establishing a framework to assess financial risk and transformation planning at higher education providers. This tender, classified under "Financial management consultancy services" (CPV code 79412000), sought to secure services to evaluate the financial health and governance capabilities of HE providers. The awarded framework, valued at £4,000,000 GBP, covers services to be delivered in the South West region of the United Kingdom. The procurement was conducted through an open procedure, starting on 11th December 2024 with a three-year contract period ending on 10th December 2027.

This framework presents a significant opportunity for financial consultancy firms, especially those with expertise in higher education sector evaluations, to support the OfS in ensuring robust financial management within HE institutions. Large firms such as BDO LLP, PricewaterhouseCoopers LLP, KPMG LLP, Teneo Financial Advisory Limited, and Deloitte LLP have been awarded the contract, but there may still be opportunities for SMEs to contribute given the scale and diverse needs of the project. Businesses skilled in financial risk assessment and strategic transformation planning for educational institutions are well-positioned to benefit from collaborations within this framework, fostering business growth and development in a critical public sector domain.

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Notice Title

Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers

Notice Description

The OfS is seeking to procure capacity to undertake financial risk and transformation planning assessments of HE providers. The objective is to evaluate the financial health and the management and governance capability of HE providers to ensure that the interests of students are safeguarded throughout any financial adjustments or transition, including potential market exits. Suppliers will be expected to deliver high quality evaluations that support the OfS in maintaining a robust and sustainable HE sector. Potential suppliers will be asked to set out an example roadmap and delivery plan for a case study as part of the framework tendering process. The OfS intends to award a framework of suppliers.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c454532c-4464-4f7d-a724-e0f62366e9e0
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£4,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Dec 20241 years ago
Submission Deadline
10 Dec 2024Expired
Future Notice Date
Not specified
Award Date
10 Dec 20241 years ago
Contract Period
11 Dec 2024 - 10 Dec 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
OFFICE FOR STUDENTS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS34 8SR
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK52 Bath & North East Somerset and South Gloucestershire
Delivery Location
TLK South West (England)

Local Authority
South Gloucestershire
Electoral Ward
Stoke Gifford
Westminster Constituency
Filton and Bradley Stoke

Supplier Information

Number of Suppliers
5
Supplier Names

BDO

DELOITTE

KPMG

PRICEWATERHOUSECOOPERS

TENEO FINANCIAL ADVISORY

Further Information

Notice Documents

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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