Award

Department for Education - Lot 4.1 Corporate Finance and Financial Strategy - multi-academy trust closure

DEPARTMENT FOR EDUCATION

This public procurement record has 6 releases in its history.

AwardUpdate

04 Mar 2019 at 09:24

AwardUpdate

04 Mar 2019 at 09:13

AwardUpdate

28 Feb 2019 at 16:30

AwardUpdate

11 Jan 2018 at 10:25

AwardUpdate

15 Dec 2017 at 11:00

Award

07 Dec 2017 at 18:32

Summary of the contracting process

The Department for Education is seeking to engage external financial and insolvency expertise for the Lot 4.1 Corporate Finance and Financial Strategy tender, focused on the multi-academy trust closure project. This procurement is at the Award stage, with a total contract value of £151,077. The contract period commenced on 27th October 2017 and concluded on 30th November 2018. The buyer is based in London, England, and the procurement method utilised is selective, through a call-off from a framework agreement, from the ConsultancyOne Framework RM1502.

This contract offers significant opportunities for professional service firms, particularly those specialising in financial consultancy with a strong background in accounting, insolvency, and education funding. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) could notably benefit, provided they can demonstrate the necessary expertise and resources to effectively support the Department in managing the complex closure of the trust and its academies. This project is integral to ensuring a smooth transition and may open doors for ongoing consultancy work in related areas within the education sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Department for Education - Lot 4.1 Corporate Finance and Financial Strategy - multi-academy trust closure

Notice Description

A dedicated project team in the Department for Education is supporting this rebrokerage and closure project. The Department is seeking to secure external financial and insolvency expertise to provide additional capacity to the Trust for the rebrokering of all of its academies and the closure of the Trust and to support the Department to facilitate this. This support is required to start with immediate effect. The project requires committed and significant resource to allow a smooth closure of the Trust. The Department invites bids for professional resource from the ConsultancyOne Framework RM1502 Lot 4.1 Corporate Finance and Financial Strategy. It is essential that the resource has accounting and insolvency practitioner experience and an understanding of education funding in order to provide financial oversight and expertise on a high profile project. The project will focus on providing hands on practical support as well as specialist advice to the Department, together with supporting the Trust. The project should deliver: i. Financial information to support the closure process, including the re brokering of the trust's 21 academies and the wind up of the trust ii. Highlight of areas of potential short-term risk and provide advice regarding mitigations iii. Robust advice and recommendations to the Department, including advice on insolvency iv. Regular reporting to the Department The right supplier will be able to quickly develop an understanding of the Department's requirements and the needs of the academy trust.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae
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, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£198,570 £100K-£500K
Lots Value
Not specified
Awards Value
£198,570 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Mar 20196 years ago
Submission Deadline
13 Oct 2017Expired
Future Notice Date
Not specified
Award Date
19 Oct 20178 years ago
Contract Period
26 Oct 2017 - 30 Nov 2018 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
DEPARTMENT FOR EDUCATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
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)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95-2019-03-04T09:24:08Z",
    "date": "2019-03-04T09:24:08Z",
    "ocid": "ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "RD1001125",
        "title": "Department for Education - Lot 4.1 Corporate Finance and Financial Strategy - multi-academy trust closure",
        "description": "A dedicated project team in the Department for Education is supporting this rebrokerage and closure project. The Department is seeking to secure external financial and insolvency expertise to provide additional capacity to the Trust for the rebrokering of all of its academies and the closure of the Trust and to support the Department to facilitate this. This support is required to start with immediate effect. The project requires committed and significant resource to allow a smooth closure of the Trust. The Department invites bids for professional resource from the ConsultancyOne Framework RM1502 Lot 4.1 Corporate Finance and Financial Strategy. It is essential that the resource has accounting and insolvency practitioner experience and an understanding of education funding in order to provide financial oversight and expertise on a high profile project. The project will focus on providing hands on practical support as well as specialist advice to the Department, together with supporting the Trust. The project should deliver: i. Financial information to support the closure process, including the re brokering of the trust's 21 academies and the wind up of the trust ii. Highlight of areas of potential short-term risk and provide advice regarding mitigations iii. Robust advice and recommendations to the Department, including advice on insolvency iv. Regular reporting to the Department The right supplier will be able to quickly develop an understanding of the Department's requirements and the needs of the academy trust.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 198570,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2017-10-13T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2017-10-27T00:00:00+01:00",
            "endDate": "2018-11-30T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/QfDr2jb7",
            "name": "Department For Education",
            "identifier": {
                "legalName": "Department For Education",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/QfDr2jb7"
            },
            "address": {
                "streetAddress": "Sanctuary Buildings Great Smith",
                "locality": "London",
                "postalCode": "SW1P 3BT",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "dharini.patel@education.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-108261",
            "name": "Deloitte LLP",
            "identifier": {
                "legalName": "Deloitte LLP"
            },
            "address": {
                "streetAddress": "New Street Square London EC4A 3BZ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/QfDr2jb7",
        "name": "Department For Education"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95-1",
            "status": "active",
            "date": "2017-10-20T00:00:00+01:00",
            "datePublished": "2019-03-04T09:24:08Z",
            "value": {
                "amount": 198570,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-108261",
                    "name": "Deloitte LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2017-10-27T00:00:00+01:00",
                "endDate": "2018-11-30T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae",
                    "datePublished": "2019-03-04T09:24:08Z",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2019-03-04T09:24:08Z"
                },
                {
                    "id": "4",
                    "documentType": "awardNotice",
                    "description": "Contract",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/SupplierAttachment/a5c5f0ac-73f0-4dbb-b0ac-72418711b146",
                    "format": "application/pdf"
                },
                {
                    "id": "2",
                    "documentType": "awardNotice",
                    "description": "Contract",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/d70fb457-9b48-42c3-b512-103fa7595edb",
                    "format": "application/pdf"
                },
                {
                    "id": "3",
                    "documentType": "awardNotice",
                    "description": "Invitation to tender document",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/45ff449f-5a38-4a7c-86a5-de6be2cf2fb1",
                    "format": "application/pdf"
                },
                {
                    "id": "5",
                    "documentType": "awardNotice",
                    "description": "Variation letter",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/defc4085-ad6e-42a8-8802-d2da2e126679",
                    "format": "application/pdf"
                },
                {
                    "id": "6",
                    "documentType": "awardNotice",
                    "description": "Variation letter",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/65e6b533-35dc-419a-892e-cd9a9aa77b58",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}