Award

24111 Procurement for the Valuation of Cambridge & Counties Bank via ESPO Framework 664-21 (LOT 2d)

CAMBRIDGESHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

18 Jul 2025 at 14:13

Summary of the contracting process

The procurement process conducted by Cambridgeshire County Council involved awarding a contract for the valuation of Cambridge & Counties Bank. This was executed under the ESPO Framework 664-21 (LOT 2d), within the industry category of financial consultancy and related services. The process utilised a selective procurement method, specifically a restricted procedure. The buying organisation, Cambridgeshire County Council, is based in Huntingdon, England, and operates under the domain of service procurement. The tender phase concluded on 21st January 2025, with the contract period set from 31st March 2025 to 30th September 2027. An award was made to Grant Thornton UK LLP on 14th February 2025 for £110,000, following a competitive evaluation.

This tender presents significant opportunities for business growth, particularly for firms with expertise in financial consultancy and valuation services. Small and medium-sized enterprises (SMEs) could find this area well-suited for competition, given the suitability criteria specified in the procurement. Engaging in this contract can enhance a business’s portfolio in delivering high-quality financial services to public sector clients and strengthen its presence in the UK market. The use of a restricted procedure ensures that only suitably qualified businesses are given access, making it advantageous for seasoned players in the consultancy domain to leverage their experience in similar frameworks.

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Notice Title

24111 Procurement for the Valuation of Cambridge & Counties Bank via ESPO Framework 664-21 (LOT 2d)

Notice Description

This was an award following a further competition under ESPO Framework Reference 664-21 Consultancy Services - Lot 2d General Finance for the provision of an independent valuation for the Cambridgeshire Pension Fund and its investment in Cambridge & Counties Bank for the purposes of its financial accounts.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a80b8d04-2b7d-4b1e-afa4-6168c5ee90d0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e9b7effb-50f0-4e04-9db7-742f6c116c72
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
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
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£110,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jul 20257 months ago
Submission Deadline
21 Jan 2025Expired
Future Notice Date
Not specified
Award Date
14 Feb 20251 years ago
Contract Period
30 Mar 2025 - 30 Sep 2027 2-3 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
CAMBRIDGESHIRE COUNTY COUNCIL
Contact Name
Procurement and Commercial Team
Contact Email
procurementandcommercial@cambridgeshire.gov.uk
Contact Phone
+44 7777777777

Buyer Location

Locality
HUNTINGDON
Postcode
PE28 4YE
Post Town
Peterborough
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Huntingdonshire
Electoral Ward
The Stukeleys
Westminster Constituency
Huntingdon

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

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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