Award

British Council Commercial Loan

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

20 Aug 2021 at 13:55

Summary of the contracting process

The Foreign Commonwealth and Development Office has recently completed a procurement process for a project titled "British Council Commercial Loan." This initiative falls under the financial consultancy services category and is located in London, United Kingdom. The procurement was conducted through a selective method, specifically via a call-off from a dynamic purchasing system. The contract was awarded to ERNST & YOUNG LLP, with a total value of £31,447, and the contract period spanned from 2nd July 2020 to 26th February 2021. The award was officially published on 20th August 2021.

This procurement presents opportunities for consultancy firms, particularly those with expertise in financial services and public sector advisory roles. Businesses specialising in advising on loan conditions, financial compliance, and investment structuring would find this tender relevant. Engaging in similar projects can enhance visibility and credibility within the public sector, thus fostering potential growth and future contracting opportunities.

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Notice Title

British Council Commercial Loan

Notice Description

Providing advice on the terms and conditions at which a loan can be made by the FCDO to the British Council, which are commercially comparable and state aid compliant. This will include how the loan needs to be structured and conditioned to meet terms that a private investor would provide.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a25e02c5-8e3c-45b5-bf07-7bdecba2cdf6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb8d1f8e-4227-49af-ad84-45abdc91d58a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£31,447 Under £100K
Lots Value
Not specified
Awards Value
£31,447 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20214 years ago
Submission Deadline
15 Jun 2020Expired
Future Notice Date
Not specified
Award Date
1 Feb 20215 years ago
Contract Period
1 Jul 2020 - 26 Feb 2021 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
cpg.enquiries@fco.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
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
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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

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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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