Award

FAS 4 External Support

MINISTRY OF JUSTICE.

This public procurement record has 1 release in its history.

Award

24 May 2018 at 13:32

Award Notice
Summary of the contracting process

The procurement process titled "FAS 4 External Support" is overseen by the Ministry of Justice in the United Kingdom. This contract pertains to the financial consultancy services industry, located in London (SW1H 9AJ). The procurement is currently in the Award stage, having been completed on 4 May 2018, with the contract set to run from 8 May 2018 until 15 June 2018. The total value of the award is £160,000, and the procurement method used has been classified as 'Other'.

This tender presents significant opportunities for businesses in the financial consultancy sector, particularly for firms that can offer robust analytical review and reporting services. Companies that specialise in providing financial advice or support, especially those with experience in public sector contracts, would be well-suited to compete in future tenders of this nature. With the increasing demand for external consultancy services to manage financial interests effectively, there is ample scope for growth and engagement in similar public procurement projects.

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Notice Information

Notice Title

FAS 4 External Support

Notice Description

Group Finance Directorate will be lead for the FST4 project working with the Probation Programme and HMPPS Commercial team. The appointed firm will assist Group Finance Directorate to agree the overall methodology to be applied to the analytical review. Agree a final reporting template to be prepared and issued to the Ministry of Justice on the completion of the work. Carry out analytical review on the 21 sets of CRC financial information (FST4) and prepare interim reports for each CRC and a summary report that consolidates the findings for all 21 CRCs as well as provides insights as to the impact that the findings. To ensure the timely delivery of the Probation Programme and the CRCs contracts, the team managing the procurement processes will require professional financial advice and support in producing commercially robust contracts. At this stage, there is currently a limited internal resource within the Analytical Statistics Directorate and Corporate Finance especially given the timescales and competing demands from other projects, following discussions with them external resource is required to support the internal team and where internal capacity is strained external finance to develop and lead on requirements. The financial consultants will need to undertake the specific tasks to ensure that the financial interests of the department are maintained. A detailed description of the Services that the Supplier will be required to deliver is set out in the attached contract document

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-733de137-6220-4a9b-86ac-19f68b4f080c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2e8b8184-edc1-4693-bb18-5f25f9c33aec
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

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£160,000 £100K-£500K
Lots Value
Not specified
Awards Value
£160,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20187 years ago
Submission Deadline
23 Apr 2018Expired
Future Notice Date
Not specified
Award Date
3 May 20187 years ago
Contract Period
7 May 2018 - 15 Jun 2018 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
MINISTRY OF JUSTICE.
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS2 7EH
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLI London
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

VERACITY OSI

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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