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

31 Jul 2025 at 09:10

Summary of the contracting process

The procurement process for "Technical Assistance on Bank Recovery, Resolution and Financial Stability for Bangladesh Bank" has been completed under the management of the Foreign Commonwealth and Development Office, headquartered in London, England. This falls within the business development consultancy services category. The contract was awarded to Deloitte LLP and involves a selective procurement method through a call-off from the Crown Commercial Services Management Consultancy Framework Three. The contract period extends from 7th November 2024 to 31st March 2026, with its value increased to £1,220,815.47 due to amendments. Relevant locations where deliverables may be applicable include the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. Potential end date for new tenders under this framework is set for 15th October 2024.

This contract offers substantial opportunities for businesses specialising in finance and consultancy services, particularly those proficient in providing technical assistance to financial institutions. The engagement is well-suited for larger enterprises, especially those experienced in navigating framework agreements like Deloitte LLP, which already has been selected as the supplier. The framework nature of the procurement indicates potential for ongoing consultancy needs, presenting a growth opportunity for businesses capable of delivering specialised financial guidance, allowing small to medium enterprises within this sector to acquire significant experience and build relationships within the governmental and international banking sectors.

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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 cost and time amendment to the 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. Details of amendment include the following: * A time extension of the contract, extending the contract end date from 07/11/2025 to 31/03/2026. * An increase in the contract value from PS820,869.99 to PS1,220,815.47 * The addition of further deliverables and milestones to be delivered in this extension period.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-64b2df1e-7501-4eaa-b953-e1e8b7a7d1d2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3ac29490-f97a-4555-924f-6f50d264385b
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
£1,220,815 £1M-£10M
Lots Value
Not specified
Awards Value
£820,949 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jul 20256 months ago
Submission Deadline
15 Oct 2024Expired
Future Notice Date
Not specified
Award Date
7 Nov 20241 years ago
Contract Period
7 Nov 2024 - 31 Mar 2026 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
LS Nagarajan
Contact Email
ls.nagarajan@fcdo.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
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
St James's
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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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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