Award

Modelling businesses financial health in response to Covid measures

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

17 Aug 2020 at 14:30

Award Notice
Summary of the contracting process

The Business Energy and Industrial Strategy (BEIS) is conducting a procurement process titled "Modelling businesses financial health in response to Covid measures." This initiative falls under the research and development services and related consultancy services category, with a value of £250,000. The procurement method utilised is a direct single tender action below the threshold, currently in the award stage. The contract period is set to commence on 18 May 2020 and conclude on 19 June 2020. The resulting contract was awarded to Oliver Wyman, with the process concluding on 12 May 2020, at their London office.

This tender presents a significant opportunity for businesses, particularly those specialised in financial consulting and research services, to leverage their expertise in assessing the impacts of Covid on business viability. Suitable competitors may include small and medium-sized enterprises focused on financial modelling and policy analysis, as the opportunity is open to SMEs. Engaging with this procurement process could enable businesses to contribute to impactful research while identifying potential partnerships with established firms like Oliver Wyman.

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Notice Information

Notice Title

Modelling businesses financial health in response to Covid measures

Notice Description

BEIS need to be able to understand the overall impact of Covid on businesses financial viability, before and after the financial support provided by government, to assess what the next steps for policy might be. Specifically, which groups of businesses or sectors impacts are less mitigated by our measures, and how the high level policy options for further support compare when overlaid onto stressed financial profit and loss accounts, under different scenarios.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-502693a1-db9e-4638-80b1-2ad177936fc4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/928453dc-c0a1-4818-a873-9ed89340e7ca
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Aug 20205 years ago
Submission Deadline
12 May 2020Expired
Future Notice Date
Not specified
Award Date
11 May 20205 years ago
Contract Period
17 May 2020 - 19 Jun 2020 1-6 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
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
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
SW1H 0ET
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

OLIVER WYMAN

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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