Tender

India Programme - Support Development of Insolvency Regulatory Framework in India

FOREIGN & COMMONWEALTH OFFICE

This public procurement record has 1 release in its history.

Tender

21 Dec 2018 at 10:08

Tender Notice
Summary of the contracting process

The Foreign & Commonwealth Office is initiating a tender process titled "India Programme - Support Development of Insolvency Regulatory Framework in India." This procurement falls under the industry category of Research and Development services and is aimed at enhancing the insolvency regulatory framework in India, thus fostering economic growth. The tender period will close on 3rd January 2019, and the expected contract period will commence on 15th January 2019, concluding by 31st March 2019. The contract value is estimated at £40,000 and the procurement method is classified as an open procedure below threshold, allowing wide participation in the tendering process.

This tender presents a valuable opportunity for businesses, particularly those specialising in financial services, regulatory consulting, and economic advisory. Companies that demonstrate expertise in insolvency frameworks and have experience in cross-border financial regulations would be particularly well-suited to apply. Engaging in this project not only contributes to strengthening India's economy but also positions businesses to establish lasting partnerships in the growing field of regulatory consultancy in India.

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Notice Information

Notice Title

India Programme - Support Development of Insolvency Regulatory Framework in India

Notice Description

The UK and India have a strong partnership in financial services, driven by annual Economic and Financial Dialogues (EFDs) between Finance Ministers. During the meeting between the Prime Minister's Modi and May in April 2018, it was agreed to enhance the collaboration on financial services in particular on Insolvency, through a technical assistance programme . Touted as one of the most significant reforms undertaken in modern era, the Insolvency and Bankruptcy Code (IBC), since its implementation in 2016 has played a significant role in resolving some of the largest and complex cases in the banking system, with the lenders making a significant recoveries, in some cases helping banks to recover 63% of outstanding amount. Therefore, as a next step, the Government of India (GoI) is keen to address the missing feature of the current IBC code by further expanding the ambit of the law and develop the cross-border and personal insolvency regulatory framework. Developing a coherent and transparent insolvency framework will help India not only in providing a crucial debt resolution and insolvency mechanism but will help strengthen the investment climate and advance economic growth, thereby reducing poverty in the country. The UK, which has played a pivotal role in supporting the development of the IBC framework since its implementation is keen to support the GoI in its efforts to strengthen and design the new regulatory framework of insolvency law. Additional information: In order to be considered for this project it and receive pre-qualification and/or tender information it is necessary that you register your company (including any relevant information requested) on the Foreign & Commonwealth Office Procurement Portal, e-Bravo. Failure to do this will mean your company may not receive a Tender; no tenders will be issued via open e-mail. Project 2047, ITT 2765: India Programme - Support Development of Insolvency Regulatory Framework in India How to apply in this Project: 1. Register your company on the eSourcing portal (this is only required once) - Browse to the eSourcing Portal: https://fco.bravosolution.co.uk and click the link to register. - Accept the terms and conditions and click "continue" - Enter your correct business and user details - Note the username you chose and click "Save" when complete - you will shortly receive an e-mail with your unique password (please keep this secure). 2. Login to the portal with the username/password - Click on the relevant Invitation to Tender (ITT) to access the content - You can now access any attachments by clicking the "Settings and Buyer Attachments" in the "Actions" box; Responding to the ITT - You can choose to "Reply" or "Reject" (please give a reason if rejecting) - You can now use the 'Messages' function to communicate with the buyer and seek clarification - Note the deadline for completion, - There may be a mixture of online & offline actions for you to perform (there is detailed online help available), You must then publish your reply using the publish button in the "Actions" box on the left-hand side of the page. If you require any further assistance please consult the the online help or contact the eTendering help desk. Potential Providers should answer all questions as accurately and concisely as possible in the same order as the questions are presented. Where a question is not relevant to the Potential Provider's organisation, this should be indicated, with an explanation. Where attachments are requested to be submitted within the electronic PQQ/ITT, these shall be submitted in a PDF format (Adobe or similar). PQQ/ITT or Bids not submitted via the FCO's eProcurement portal will not be considered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6af59b98-0d62-446c-9a9f-6fdd6b70cf32
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e29fe100-8387-44f6-ace2-04db0ef4ea79
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 (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

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
£40,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Dec 20187 years ago
Submission Deadline
3 Jan 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
15 Jan 2019 - 31 Mar 2019 1-6 months
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
FOREIGN & COMMONWEALTH OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEW DELHI 110 021
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

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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