Award

Corporate Finance Services 2

CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Award

14 May 2020 at 15:52

Summary of the contracting process

The Crown Commercial Service (CCS) is undertaking the procurement process for a new framework titled "Corporate Finance Services 2," aimed at replacing the existing Corporate Finance Services Framework (RM3719). This open tender falls within the corporate finance and venture capital services sector and is valued at £460 million. The procurement process is currently at the award stage, having been completed on 1 April 2020, with the contract effective for the same day. The suppliers will provide corporate finance services to various UK public sector bodies, which includes central government departments, local authorities, health, police, fire and rescue, education, devolved administrations, and charities.

This procurement opportunity presents significant prospects for growth, particularly for businesses offering corporate finance solutions and advisory services. Companies well-suited to engage in this tender include small and medium enterprises (SMEs) that can provide innovative financial services tailored to government needs. The framework comprises seven distinct lots, allowing multiple suppliers to be appointed to meet diverse requirements, enabling firms to tailor their offerings to specific sectors within the public domain and enhance their market presence.

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Notice Title

Corporate Finance Services 2

Notice Description

Crown Commercial Service (CCS), the authority, is replacing the existing Corporate Finance Services Framework (RM3719). The framework is a Pan Government Collaborative Agreement for the provision of corporate finance services to be utilised by central government departments and all other UK public sector bodies, including local authorities, health, police, fire and rescue, education, devolved administrations and charities. The proposed agreement will be the recommended corporate finance solution for the UK Public Sector, look to deliver value for money to the taxpayer when delivering corporate finance requirements for transactional or advisory services. The proposed framework will consist of 7 lots, representing the various roles that buyers may choose to appoint 1 or more suppliers to fulfil their requirements, at call-off stage under the CFS Framework. Each lot sets out the scope of work that a supplier may be required to undertake as detailed in Framework Schedule 1 Specification.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7bc1ff37-c59a-4833-bdb9-d39e95dbdec6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/363d5789-fb44-4de9-8d61-00d5ce6a1e2f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£460,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
£460,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
14 May 20205 years ago
Submission Deadline
20 Jan 2020Expired
Future Notice Date
Not specified
Award Date
31 Mar 20205 years ago
Contract Period
31 Mar 2020 - 1 Apr 2020 24 hours
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
Contact Name
The Minister for the Cabinet Office acting through Crown Commercial Service (CCS) Postal address: The Capital Building, Old Hall Street
Contact Email
supplier@crowncommercial.gov.uk
Contact Phone
+44 3450103503

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified

Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

A LIST OF SUCCESSFUL SUPPLIERS AND THEIR ADDRESSES CAN BE FOUND

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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