Award

Con_27598 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

09 May 2025 at 14:12

Award Notice
Summary of the contracting process

The public procurement contract titled "Con_27598 Insolvency & Restructuring Panel" was initiated by the Department for Education to address the needs of financially distressed further education colleges by providing necessary restructuring and insolvency support. The procurement falls within the Accounting and Auditing Services category and covers multiple UK regions, including North East, North West, and London, among others. The contract, with a total value of £1,457,143, was awarded on 7th May 2025 to PricewaterhouseCoopers LLP, following a selective procurement method through a call-off from a framework agreement. The contractual period commenced on 14th April 2025 and is set to conclude on 30th April 2028. The process was in the Award stage at the time of documentation.

This tender presents significant opportunities for growth within the professional services sector, particularly for firms specialising in accounting, auditing, and financial restructuring. The structured panel sought is crucial for managing insolvency and restructuring processes, offering substantial work through nationwide engagements across numerous regions. Ideal contenders for similar future opportunities would include small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs), both of which have been specifically deemed suitable for this tender type. Engaging in such contracts can enhance the presence and experience of firms in public sector financial restructuring services.

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.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Con_27598 Insolvency & Restructuring Panel

Notice Description

To support the implementation of the FE insolvency regime and its underlying legislation, TFEA, which received royal ascent in 2017, infrastructure is required to allow financially distressed colleges to be assessed and, if necessary, managed through restructuring / insolvency. Accordingly, a professional services panel is required as part of this infrastructure. The panel will also be available for other financially distressed providers which may require restructuring or managed through an insolvency process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9557fb1e-141f-43d1-afbb-095f820eafd4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5db8aa9c-c988-4101-a093-0ed9a1fb7d6e
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£1,457,143 £1M-£10M
Lots Value
Not specified
Awards Value
£1,457,143 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 May 20259 months ago
Submission Deadline
13 Jan 2025Expired
Future Notice Date
Not specified
Award Date
6 May 20259 months ago
Contract Period
13 Apr 2025 - 30 Apr 2028 3-4 years
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
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
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

Further Information

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-b5fd17-9557fb1e-141f-43d1-afbb-095f820eafd4-2025-05-09T15:12:56+01:00",
    "date": "2025-05-09T15:12:56+01:00",
    "ocid": "ocds-b5fd17-9557fb1e-141f-43d1-afbb-095f820eafd4",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_442158/1479280",
        "title": "Con_27598 Insolvency & Restructuring Panel",
        "description": "To support the implementation of the FE insolvency regime and its underlying legislation, TFEA, which received royal ascent in 2017, infrastructure is required to allow financially distressed colleges to be assessed and, if necessary, managed through restructuring / insolvency. Accordingly, a professional services panel is required as part of this infrastructure. The panel will also be available for other financially distressed providers which may require restructuring or managed through an insolvency process.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79210000",
            "description": "Accounting and auditing services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "North West",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "East Midlands",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "East of England",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "South East",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "South West",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1457143,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2025-01-13T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-04-14T00:00:00+01:00",
            "endDate": "2028-04-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-99308",
            "name": "Department for Education",
            "identifier": {
                "legalName": "Department for Education"
            },
            "address": {
                "streetAddress": "Sanctuary Buildings, 20 Great Smith Street",
                "locality": "London",
                "postalCode": "SW1P 3BT",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "DfE Commercial",
                "email": "core.procurement@education.gov.uk"
            },
            "details": {
                "url": "https://www.gov.uk/dfe"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-OC303525",
            "name": "PricewaterhouseCoopers LLP",
            "identifier": {
                "legalName": "PricewaterhouseCoopers LLP",
                "scheme": "GB-COH",
                "id": "OC303525"
            },
            "address": {
                "streetAddress": "7 More London Riverside, London, SE1 2 RT"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-99308",
        "name": "Department for Education"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-9557fb1e-141f-43d1-afbb-095f820eafd4-1",
            "status": "active",
            "date": "2025-05-07T00:00:00+01:00",
            "datePublished": "2025-05-09T15:12:56+01:00",
            "value": {
                "amount": 1457143,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-OC303525",
                    "name": "PricewaterhouseCoopers LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-04-14T00:00:00+01:00",
                "endDate": "2028-04-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/5db8aa9c-c988-4101-a093-0ed9a1fb7d6e",
                    "datePublished": "2025-05-09T15:12:56+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "description": "n/a",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/f6eb2739-9291-4f0f-83d5-5b03f5812c3d",
                    "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
                }
            ]
        }
    ]
}