Award

Con_27595 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

09 May 2025 at 14:04

Award Notice
Summary of the contracting process

The Department for Education has completed a procurement process titled "Con_27595 Insolvency & Restructuring Panel" under the CPV classification of accounting and auditing services. This contract is intended to support financially distressed colleges and other providers across several regions in the United Kingdom, including London, the South East, and the North West. The procurement stage was carried out as a selective process through a call-off from a framework agreement. The tender period concluded on 13 January 2025, while the contract commenced on 14 April 2025 and is set to run until the end of April 2028. The total contract value is GBP 1,457,143, and Deloitte LLP has been awarded this contract as the supplier.

This tender offers substantial opportunities for firms specialising in insolvency and restructuring services. Businesses that have competencies in handling financial distress within educational institutions or similar entities would find this contract particularly advantageous. Furthermore, the procurement was noted for suitability for small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). As Deloitte LLP successfully secured the award, firms with experience in similar framework agreements and possessing regional operational capabilities would also be well-suited to leverage such opportunities in future tenders.

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Notice Information

Notice Title

Con_27595 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-b5fd17-99ba1140-c2a2-4d73-936f-5da5027669da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b2ad4285-807f-4698-92d1-32ce353467fb
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
13 Apr 202510 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

DELOITTE

Further Information

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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