Award

Technical Assistance on Bank Recovery, Resolution and Financial Stability for Bangladesh Bank

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

08 Nov 2024 at 11:25

Summary of the contracting process

The Foreign Commonwealth and Development Office (FCDO) in London has awarded a contract titled "Technical Assistance on Bank Recovery, Resolution and Financial Stability for Bangladesh Bank." This project falls under the Business Development Consultancy Services category and is part of the FCDO's Transformative Economic Policy Programme for Bangladesh. The procurement process, which utilised a selective, call-off from a framework agreement method, was completed with the contract valued at £820,949. The contract period runs from 7 November 2024 to 7 November 2025, encompassing regions including British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom.

This tender offers significant opportunities for businesses specialising in financial consultancy services, particularly those with expertise in bank recovery and financial stability. It suits small and medium-sized enterprises (SMEs) eager to provide technical assistance and consultancy to a significant international financial institution. The awarded contract involves undertaking a needs assessment, developing a bank recovery framework, and implementing crisis management processes for Bangladesh Bank. Such opportunities not only allow businesses to expand their portfolio globally but also to engage in transformative economic policy programmes, thus contributing to and benefiting from international development initiatives.

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Notice Title

Technical Assistance on Bank Recovery, Resolution and Financial Stability for Bangladesh Bank

Notice Description

This Notice relates to publication of call-down contract under Lot 4 (Finance) of Crown Commercial Services, Management Consultancy Framework Three (MCF 3) that requires a service provider or a consortium of service providers ("Supplier") to provide technical assistance to the Bangladesh Bank - the central bank of Bangladesh and its Banking Sector Task Force. This includes undertaking a needs assessment, creating a roadmap for Bangladesh Bank to resolve troubled banks and toxic assets on bank balance sheets, developing a bank recovery and resolution framework and putting in place contingency planning and crisis management processes. This technical assistance contract is part of the FCDO's Transformative Economic Policy Programme - Bangladesh (TEPP).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3d8460d6-b260-41ea-b4b9-e7b30e61b853
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dd4698d7-d229-424c-af8a-f55e62a32fbf
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

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


CPV Codes

79411100 - Business development consultancy services

Notice Value(s)

Tender Value
£820,949 £500K-£1M
Lots Value
Not specified
Awards Value
£820,949 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Nov 20241 years ago
Submission Deadline
15 Oct 2024Expired
Future Notice Date
Not specified
Award Date
7 Nov 20241 years ago
Contract Period
7 Nov 2024 - 7 Nov 2025 1-2 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
Nikoletta Kleftouri
Contact Email
nikolettakleftouri@deloitte.co.uk
Contact Phone
02079363000

Buyer Location

Locality
LONDON
Postcode
EC4A 3HQ
Post Town
Central 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
Not specified

Local Authority
City of London
Electoral Ward
Castle Baynard
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

Open Contracting Data Standard (OCDS)

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