This public procurement record has 2 releases in its history.

AwardUpdate

23 Jan 2024 at 10:20

Award

22 Jan 2024 at 09:14

Summary of the contracting process

The PROACTIS TENDERS LIMITED MYT has awarded a contract for the provision of financial management and project support related to Retail Markets. The contract's total value is £8,000,000 GBP. The procurement method used was an open procedure (above threshold), with the tender period ending on November 1, 2023. The contract period is from November 13, 2023, to October 31, 2027. The buying organisation is based in London, England, and the main procurement category is services.

This contract opportunity is suitable for SMEs interested in providing financial consultancy services. Businesses in the financial management and project support sector, especially those with experience in Retail Markets, are well-suited to compete. The awarded supplier for this contract is Ernst & Young. The contract presents a significant opportunity for growth through long-term project engagements and a substantial financial value of £8 million GBP.

How relevant is this notice?

Notice Title

2022-074 Retail Specialist Support Contract Award

Notice Description

Provision of financial management and project support for the Authority in relation to Retail Markets.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a071ca13-ed90-43d0-b8ba-807ec7f1c118
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/486c7bd2-dbbe-4348-b232-7e3965614a76
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£8,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jan 20242 years ago
Submission Deadline
1 Nov 2023Expired
Future Notice Date
Not specified
Award Date
13 Nov 20232 years ago
Contract Period
13 Nov 2023 - 31 Oct 2027 3-4 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
PROACTIS TENDERS LIMITED MYT
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
E14 4PU
Postcode Area
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Ernst & Young LLP (EY)

Further Information

Notice Documents

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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