Award

Highways PFI Programme Management Support

ISLE OF WIGHT COUNCIL

This public procurement record has 2 releases in its history.

Award

29 Jun 2021 at 08:28

Award Notice
Tender

17 Dec 2020 at 08:59

Tender Notice
Summary of the contracting process

The Isle of Wight Council is seeking tenders for the "Highways PFI Programme Management Support," aimed at providing consultancy services for the Highways Private Finance Initiative (PFI) contract. The procurement is classified under the CPV code for financial consultancy services, with a total value of £600,000, and a minimum value of £500,000. This tender follows the open procedure and the relevant contract period spans from April 1, 2021, to March 31, 2024. Interested parties must submit their tenders by January 26, 2021. The services will be delivered in Newport, located in the South East of the United Kingdom.

This tender represents a significant opportunity for consultancy firms specialising in financial and strategic contract management, especially those with expertise in high value PFI contracts. Small and medium enterprises (SMEs) are encouraged to compete, particularly those capable of offering innovative solutions for contractual dispute resolution and efficient financial management, which are critical to the successful delivery of phases 3 of the ongoing savings programme aimed at achieving substantial budgetary savings for the Isle of Wight Council.

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Notice Information

Notice Title

Highways PFI Programme Management Support

Notice Description

The Isle of Wight Council ("the Authority") invites Tenders from suitably qualified suppliers ("Potential Suppliers") for the provision of Programme Management Support for the Isle of Wight Highways PFI Contract. This procurement follows the OJEU Open Procedure under the Public Contract Regulations 2015. The Highways Private Finance Initiative (PFI) Contract will be in its ninth year in April 2021 and the Authority requires commercial and strategic contractual consultancy services, with extensive expertise in high value Highways PFI Contracts, for the provision of financial and commercial contract support. The successful supplier will be required to complete Phase 1 and 2 of the Savings Programme, commence and complete Phase 3 and provide strategic contract management support including Milestone certification process, resolution of historical and any emerging contractual disputes. Due to ongoing budgetary pressures across the Authority, it entered into an agreement with the PFI contract Special Purpose Vehicle (SPV) to launch a joint savings programme in January 2018 to deliver financial savings of cPS2m pa from the PFI contract. The savings programme was commissioned to be delivered in phases and the Authority appointed external consultancy support for the delivery of Phases 1 and 2. The current contract for phase 1 and 2 is now coming to an end and the Authority now wishes to engage with a Supplier to progress the next stages. Additional information: To download the tender documents, interested parties must register their company on the ProContract portal. This contract opportunity can be searched by using reference number DN514929

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3e4d3762-547a-4042-8560-f180535fb3b1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6fdb0813-3ecf-46d8-ad26-aa2193507e92
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
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

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

CPV Codes

66171000 - Financial consultancy services

71311000 - Civil engineering consultancy services

79411000 - General management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£329,440 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jun 20214 years ago
Submission Deadline
26 Jan 2021Expired
Future Notice Date
Not specified
Award Date
8 Jun 20214 years ago
Contract Period
13 Jun 2021 - 13 Jun 2024 3-4 years
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
ISLE OF WIGHT COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

JACOBS

Further Information

Notice URLs

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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