Award

Financial Consultancy

NOTTINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

25 Sep 2019 at 16:01

Award Notice
Summary of the contracting process

Nottingham City Council is currently engaged in a public procurement process for financial consultancy services, marked as completing the tender stage. The awarded contract, titled "Financial Consultancy," is situated within the financial services sector and is based in Nottingham, East Midlands, UK. The tender period concluded on 4 March 2019, with the contract period running from 20 March 2019 to 28 November 2019. The procurement method utilised was selective, with the successful bidder being Ernst & Young LLP, awarded a contract valued at £72,091.

This tender presents significant opportunities for businesses in the financial consultancy sector, especially those with expertise in public sector contract management and re-financing. Suppliers that can deliver innovative financial solutions and demonstrate value for money would be well-placed to compete for similar contracts in the future. SMEs could find this particularly beneficial, as this procurement process indicates a welcoming approach towards smaller enterprises that can provide tailored services to local authorities.

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

Financial Consultancy

Notice Description

In 2010 Nottingham City Council entered into a Street Lighting PFI contract with Tay Valley Lighting (Nottingham) (TVL). This required the contractor to have a replacement programme for street lights and an ongoing maintenance contract for 25 years. The Authority will receive reports from TVL as they progress through the re-financing. We will require the expert to carry out due diligence and challenge where required to ensure any deal that the Authority enters into provides value for money. To enter into any deal, successful provider will be required to assist in the production of a more detailed report. Approval will need to be obtained from both the Council and the Department for Transport (DfT) for the refinancing to take place.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a1a15fd2-060a-4dd5-bd03-bab8809fc481
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c77e9b16-6ccf-422b-93bc-0a602ff60b4d
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
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£72,091 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Sep 20196 years ago
Submission Deadline
4 Mar 2019Expired
Future Notice Date
Not specified
Award Date
8 Mar 20196 years ago
Contract Period
20 Mar 2019 - 28 Nov 2019 6-12 months
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
NOTTINGHAM CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NOTTINGHAM
Postcode
NG2 3NG
Post Town
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
TLF East Midlands (England)
Local Authority
Nottingham
Electoral Ward
Castle
Westminster Constituency
Nottingham East

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

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-a1a15fd2-060a-4dd5-bd03-bab8809fc481-2019-09-25T17:01:01+01:00",
    "date": "2019-09-25T17:01:01+01:00",
    "ocid": "ocds-b5fd17-a1a15fd2-060a-4dd5-bd03-bab8809fc481",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CPU 3460",
        "title": "Financial Consultancy",
        "description": "In 2010 Nottingham City Council entered into a Street Lighting PFI contract with Tay Valley Lighting (Nottingham) (TVL). This required the contractor to have a replacement programme for street lights and an ongoing maintenance contract for 25 years. The Authority will receive reports from TVL as they progress through the re-financing. We will require the expert to carry out due diligence and challenge where required to ensure any deal that the Authority enters into provides value for money. To enter into any deal, successful provider will be required to assist in the production of a more detailed report. Approval will need to be obtained from both the Council and the Department for Transport (DfT) for the refinancing to take place.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66170000",
            "description": "Financial consultancy, financial transaction processing and clearing-house services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "East Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2019-03-04T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2019-03-20T00:00:00Z",
            "endDate": "2019-11-28T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/5JM9tyCn",
            "name": "Nottingham City Council",
            "identifier": {
                "legalName": "Nottingham City Council",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/5JM9tyCn"
            },
            "address": {
                "streetAddress": "Loxley House,Station Street",
                "locality": "NOTTINGHAM",
                "postalCode": "NG23NG",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Monika Andrzejewska",
                "email": "monika.andrzejewska@nottinghamcity.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-71388",
            "name": "ERNST & YOUNG LLP",
            "identifier": {
                "legalName": "ERNST & YOUNG LLP"
            },
            "address": {
                "streetAddress": "1 More London Place, London, SE1 2AF"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/5JM9tyCn",
        "name": "Nottingham City Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-a1a15fd2-060a-4dd5-bd03-bab8809fc481-1",
            "status": "active",
            "date": "2019-03-08T00:00:00Z",
            "datePublished": "2019-09-25T17:01:01+01:00",
            "value": {
                "amount": 72091,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-71388",
                    "name": "ERNST & YOUNG LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2019-03-20T00:00:00Z",
                "endDate": "2019-11-28T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/c77e9b16-6ccf-422b-93bc-0a602ff60b4d",
                    "datePublished": "2019-09-25T17:01:01+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}