Award

Independent Board Effectiveness Review

HIGH SPEED TWO (HS2) LIMITED

This public procurement record has 1 release in its history.

Award

18 Nov 2016 at 20:17

Award Notice
Summary of the contracting process

The procurement process involves HS2 Ltd, situated in London and West Midlands, which is seeking to appoint an independent specialist for an Independent Board Effectiveness Review, compliant with the UK Corporate Governance Code. The tender, classified under business and management consultancy services, is currently in the Award stage, with an active award status since 14th March 2016. The deadline for submissions was 7th March 2016, with the contract period starting from 21st March 2016 and ending on 8th May 2016. The total contract value is £35,000.

This tender represents an opportunity for consultancy firms specialising in corporate governance and board advisory services, particularly those that are small and medium-sized enterprises (SMEs). Businesses with expertise in conducting board evaluations and a strong understanding of UK corporate governance practices would be well-suited to compete for this contract, potentially enabling them to showcase their capabilities to a prominent organisation like HS2 Ltd.

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Notice Information

Notice Title

Independent Board Effectiveness Review

Notice Description

HS2 Ltd aspires to follow best practice in corporate governance. As part of its compliance with the UK Code of Corporate Governance, HS2 Ltd is required to regularly report on the steps it has taken to evaluate the effectiveness of its Board. It is generally accepted that Board Effectiveness Reviews should be periodically conducted by an external facilitator, as per the UK Corporate Governance Code and guidelines laid down by the Financial Reporting Council on board effectiveness. Externally-facilitated board evaluation is adopted by most companies. HS2 Ltd therefore sought to appoint the services of an independent specialist board evaluator/corporate governance consultancy to conduct this year's Board Effectiveness Review. This Invitation to Tender was voluntarily advertised as a sub-OJEU competition on Contracts Finder.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5cddcb84-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/12a10fc4-c3e0-47d0-8cdf-f786ceff80e0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£35,000 Under £100K
Lots Value
Not specified
Awards Value
£27,288 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
7 Mar 2016Expired
Future Notice Date
Not specified
Award Date
26 Feb 201610 years ago
Contract Period
21 Mar 2016 - 8 May 2016 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
HIGH SPEED TWO (HS2) LIMITED
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
E14 5AB
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLG West Midlands (England), TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

GENIUS METHODS

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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