Con_27598 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

There is 1 contract in this contracting process.

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.

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Con_27598 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

Contract Timeline

Publication Date

9th May 2025 14:12:56 PM
Contract Summary

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.
Contract Details

Open Contracting ID

ocds-b5fd17-9557fb1e-141f-43d1-afbb-095f820eafd4

Publication Source

Contracts Finder

Procurement Stage

Award

Procurement Method

Selective

Procurement Method Details

Call-off From A Framework Agreement

Procurement Category

Services

Tender Suitability

SME VCSE

Framework / DPS

Framework
Contract Classification

CPV Code(s)

79210000

CPV Division(s)

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

DEPARTMENT FOR EDUCATION

Buyer Name

DfE Commercial

Buyer Email

core.procurement@education.gov.uk

Buyer Phone

Buyer Address

Sanctuary Buildings, 20 Great Smith Street

London

SW1P 3BT

England
Awarded Supplier(s)

Supplier Name(s)

PRICEWATERHOUSECOOPERS LLP

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Con_27598 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)