Award

Public Finance Resource Centre (PFRC)

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 3 releases in its history.

Award

31 Jan 2024 at 18:03

TenderAmendment

24 Apr 2023 at 09:15

Tender

31 Mar 2023 at 14:07

Summary of the contracting process

The Foreign Commonwealth and Development Office (FCDO) has awarded a contract for the Public Finance Resource Centre (PFRC). The contract aims to deliver services to support countries in sustainable financing and transparent management of public finances. The contract, valued at £65,000,000, falls under the services category and has a contract period from 2nd January 2024 to 1st January 2028.

This tender presents an opportunity for service providers to engage with FCDO's initiative to improve revenue mobilisation and financial management in partner countries. Businesses well-suited to compete are those offering expertise in public finance, tax management, and debt management. The procurement method is an open procedure (above threshold), and the tender deadline is set for 26th May 2023.

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Notice Title

Public Finance Resource Centre (PFRC)

Notice Description

This is a notification of the award of a contract to deliver the following. FCDO pursues our national interests and projects the UK as a force for good in the world. We promote the interests of British citizens, safeguard the UK's security, defend our values, reduce poverty and tackle global challenges with our international partners. Against a backdrop of continued slow growth, capital market uncertainty, and worsening debt positions for many developing countries, the International Finance Division's (IFD) objective is to support countries on the path to sustainable financing; breaking the cycles of unsustainable debt and need for debt relief and developing green and resilient capital markets. We will do this by supporting countries to improve revenue mobilisation and strengthening responsible private sector and international financing. We also seek a step change in the way public finances are transparently managed and accounted for - from debt management to expenditure and procurement, through to greater financial preparedness for major disasters. In support of this objective the Public Finance and Tax Department (PFTD) within IFD is establishing a UK Centre of Expertise for Public Finance to help partner countries access technical expertise as part of HMG's broader offer to developing countries. The Centre will provide access to world class peer-to-peer support, such as from HMRC, frontier learning from globally recognised UK institutions, and from local suppliers. A new advisory offer, the Public Finance Resource Centre (PFRC) has been developed as part of this Centre of Expertise. The Resource Centre is intended to mobilise flexible technical assistance more quickly than is currently available, responding to clear demand for such support from partner countries. FCDO were seeking to procure a service provider to manage the delivery arm of the new Public Finance Resource Centre (PFRC). The Resource Centre will support countries to become self-sufficient - shaping open and resilient economies and societies. It will do this by responding quickly and flexibly to windows of opportunity, identified by FCDO, to address key barriers to revenue mobilisation, transparent Public Financial Management (PFM), tax, macro-fiscal and debt management, where current delivery models struggle to respond in a timely way.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2b18675e-7a01-420c-8c02-acd5f76db370
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/39c8e643-c7e7-46a4-99ac-e2b81efc83d9
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 (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
£65,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£65,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20242 years ago
Submission Deadline
26 May 2023Expired
Future Notice Date
Not specified
Award Date
2 Jan 20242 years ago
Contract Period
2 Jan 2024 - 1 Jan 2028 4-5 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
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
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
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ADAM SMITH INTERNATIONAL

Open Contracting Data Standard (OCDS)

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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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