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Restructuring & Pre-Insolvency Services (RPIS) Framework

Pension Protection Fund

This public procurement record has 1 release in its history.

Tender

30 Sep 2024 at 13:36

Tender Notice
Summary of the contracting process

The Pension Protection Fund has completed the contracting process for their "Restructuring and Pre-Insolvency Services (RPIS) Framework" with a focus on pension services. This initiative, employing an open procedure above the threshold, sought to provide comprehensive support when scheme employers face corporate restructuring and insolvency proceedings. The contract, valued at £2,400,000, runs from 1st April 2025 to 31st March 2027. The procurement, undertaken by the Pension Protection Fund headquartered in Croydon, England, was initially published on 30th September 2024, with tender submissions closing on 4th November 2024.

This framework presents substantial opportunities for businesses specialising in pension-related restructuring and advisory services, particularly those experienced in navigating complex financial reorganisations. SMEs are particularly encouraged to engage, given the suitability criteria outlined, though the current awardees are large firms. Companies providing accounting and covenant advisory services, capable of safeguarding employer and scheme interests during financial duress, would find this framework beneficial for expanding their consultancy and advisory roles within the United Kingdom’s public sector.

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Notice Information

Notice Title

Restructuring & Pre-Insolvency Services (RPIS) Framework

Notice Description

The Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee. The contract will be for an initial term of two years with optional extensions to take the maximum possible term to four years (2+1+1).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-67c06ae8-830e-4f3d-a74e-2b67bac36b4f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a57c266b-f322-4ca3-90cb-db11cc7ea98d
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20242 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2025 - 31 Mar 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Pension Protection Fund
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Postcode Area
Croydon
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI London
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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