Award

CQC PSO 064 Financial Assessment of Adult Social Care Providers

CARE QUALITY COMMISSION

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 Care Quality Commission (CQC) is seeking a contractor to conduct a comprehensive financial assessment of 44 adult social care providers through tender CQC PSO 064. This procurement falls under the 'Business services: law, marketing, consulting, recruitment, printing and security' industry category and is designated as active. The contract commenced on 1st October 2015 and runs until 31st March 2016, with an overall value of £176,889. The procurement method utilised for this tender was 'Other', and it has recently entered the contract award stage on 28th September 2015 following the tender period that ended on 8th September 2015.

This tender presents valuable opportunities for businesses specialising in financial consulting and risk assessment within the health and social care sector. Organisations with expertise in corporate finance, debt analysis, and financial risk management would be particularly suited to compete, as the successful contractor will need to deliver specialised financial insights and advice regarding the viability of care providers. The CQC values profound commercial knowledge and experience in complex company structures, making this a pivotal opportunity for qualified firms looking to enhance their market presence in the public sector.

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Notice Information

Notice Title

CQC PSO 064 Financial Assessment of Adult Social Care Providers

Notice Description

THE REQUIREMENT Primarily the contractor is required to provide resources to carry out an assessment of the forty four ASC providers' company finance, accounts and debt structures. Core capabilities required include the ability to provide: * Interpretation of information from providers, based on information provided to CQC from the providers, via a financial submission template covering standard financial indicators; . * timely, detailed financial advice and analysis to service risk assessment judgments; * An opinion on where each Corporate Provider sits on the operating model; * Assessment of likely or imminent failure. This is a highly specialised area and the skill set and experience required for the task is a key requirement to meet the overall objective of assuring CQC that the financial and business aspects of companies providing care services are viable. Commercial expertise and/or a detailed banking or restructuring background is a key asset in enabling this role, as highly specialised skills and knowledge is required of complex company accounting, lending, refinancing, debt and repayment strategies. CQC has published guidance for providers. The guidance is available on the CQC website The tasks and activties set out below support the delivery of the MO operating model. The tasks: There are 3 key blocks of activity being sought Activity One: * Provide named contacts for each the 44 providers to have single point of contact on financial risk assessment * Resolve any queries from providers about how to complete the financial submission template, for example at what level of the Group information should be provided. In delivering these activities, please note that CQC has developed a Financial Submission template. In Appendix C is a summary of this template, which lists the indicators which are included. CQC has a secure portal for information exchange between CQC and the providers and this will be needed to be used as the primary storage of information Activity Two: Confirm that the following have not changed o Group structure, including the structure of its registered providers registered with CQC o Shareholders o Lenders o Properties This task may be completed by analysing publicly available information; information provided by the provider and may need to be supplemented with discussions with the providers in question. Activity Three * Each quarters performance can be assessed against recent performance and anticipated future performance from the business plan * When the data submissions are received (6 weeks after quarter end), carry out analysis of potential financial risk. The assessment should as a minimum cover: * Is trading improving or deteriorating? * Is there too much debt? * Can they afford to pay their debts? * Is the annual budget deliverable? * Where are they on the operating model?

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f32685ca-3c36-4856-bbe4-f72a67ff5128
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£176,889 £100K-£500K
Lots Value
Not specified
Awards Value
£176,889 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
8 Sep 2015Expired
Future Notice Date
Not specified
Award Date
27 Sep 201510 years ago
Contract Period
30 Sep 2015 - 31 Mar 2016 6-12 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
CARE QUALITY COMMISSION
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
SW1W 9SZ
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
Not specified
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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