Award

Consultancy Support to Voyager Value for Money Review - RM3745

MINISTRY OF DEFENCE

This public procurement record has 1 release in its history.

Award

20 Dec 2019 at 07:30

Award Notice
Summary of the contracting process

The contract titled "Consultancy Support to Voyager Value for Money Review - RM3745" has been awarded by the MINISTRY OF DEFENCE, focusing on financial consultancy services. Located in Bristol, England, the procurement process was conducted through a selective method, with the tender period concluding on 17 December 2019. The awarded contract has a total value of £236,000 and covers a contract period from 18 December 2019 to 17 September 2020. The review aims to ensure the Service Rates of the Voyager Concession Contract are assessed for value for money, requiring specialist financial advice.

This tender presents a significant opportunity for consultancy firms, particularly those with expertise in financial modelling and value-for-money assessments. Small and medium-sized enterprises (SMEs) are particularly encouraged to compete, as the procurement process is designed to accommodate a diverse range of suppliers. Businesses well-versed in navigating complex financial frameworks will find this contract aligns with their capabilities, making it an ideal target for growth and expansion within the public sector.

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Notice Information

Notice Title

Consultancy Support to Voyager Value for Money Review - RM3745

Notice Description

AirTanker Ltd (ATr) recognises that the Authority needs to be satisfied that the Service Rates within the Voyager Concession Contract represent good value for money (VFM) for the provision of the Service throughout the Contract Term having regard to the principles of value for money prevailing as at the Date of Contract, and thus ATr has agreed to conduct a VFM review of its VFM Equity IRR at three VFM review dates, the first being the third anniversary following Full Service Delivery (FSD), which is in September 2019.DT will require specialist financial advice to assist with the assessment and application of complex financial models underlying the VFM Actual IRR calculation, and to also intelligently appraise the interpretation of the complex VFM Actual IRR formula calculation principles.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-27a3ec9e-5cd1-4149-95bb-8b57e6f3b9b9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/97a437a8-0034-491b-8afc-02d010417163
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
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
£236,000 £100K-£500K
Lots Value
Not specified
Awards Value
£236,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20196 years ago
Submission Deadline
17 Dec 2019Expired
Future Notice Date
Not specified
Award Date
17 Dec 20196 years ago
Contract Period
18 Dec 2019 - 17 Sep 2020 6-12 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 DEFENCE
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
BS24 7FP
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK61 North Somerset
Delivery Location
Not specified
Local Authority
North Somerset
Electoral Ward
Weston-super-Mare South Worle
Westminster Constituency
Weston-super-Mare

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG AUDIT

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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