Award

UKEF Financial Reporting Changes

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

15 Feb 2019 at 16:25

Summary of the contracting process

The procurement process for the contract titled "UKEF Financial Reporting Changes" was initiated by the Department for International Trade on behalf of the UK Export Finance (UKEF). This process falls under the financial consultancy services category and is based in London, United Kingdom. The procurement method used was selective, operating via a call-off from the CCS Management Consultancy 2 Framework Agreement. The contract was awarded to KPMG LLP on 29th November 2018, with the contract period starting on 4th February 2019 and concluding on 28th April 2019.

This tender presents significant opportunities for businesses specialising in financial consultancy services, particularly those that are capable of conducting impact assessments related to IFRS 9 and IFRS 17 changes. Small and medium-sized enterprises (SMEs) may find this contract particularly suited to their capabilities, as they can offer competitive time and materials-based pricing structures, which align with the procurement type. Engaging in this contract could enable businesses to expand their service offerings and establish long-term relationships with government contracting 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.

Notice Title

UKEF Financial Reporting Changes

Notice Description

The Department for International Trade have let this contract on behalf of the Exports Credit Guarantee Department, trading as UK Export Finance (UKEF). This is the contract awards notice for the UKEF Financial Reporting Changes Contract. This Contract was awarded via the CCS Management Consultancy 2 Framework Agreement. The awarded value is capped and will be charged on a time and materials basis against the Supplier's rate card. The services required under this Contract are for the Supplier to provide an initial impact assessment on financial reporting changes, IFRS 9 and IFRS 17.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-aed0ef1e-dfae-4927-95ac-a2e827c32057
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7014b3e9-e413-46a8-a474-0b3c759f108c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Not specified
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

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Feb 20197 years ago
Submission Deadline
29 Nov 2018Expired
Future Notice Date
Not specified
Award Date
29 Nov 20187 years ago
Contract Period
4 Feb 2019 - 28 Apr 2019 1-6 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
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Not specified
Contact Email
josh.dell@trade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AW
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

KPMG

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-aed0ef1e-dfae-4927-95ac-a2e827c32057-2019-02-15T16:25:05Z",
    "date": "2019-02-15T16:25:05Z",
    "ocid": "ocds-b5fd17-aed0ef1e-dfae-4927-95ac-a2e827c32057",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "DN372423",
        "title": "UKEF Financial Reporting Changes",
        "description": "The Department for International Trade have let this contract on behalf of the Exports Credit Guarantee Department, trading as UK Export Finance (UKEF). This is the contract awards notice for the UKEF Financial Reporting Changes Contract. This Contract was awarded via the CCS Management Consultancy 2 Framework Agreement. The awarded value is capped and will be charged on a time and materials basis against the Supplier's rate card. The services required under this Contract are for the Supplier to provide an initial impact assessment on financial reporting changes, IFRS 9 and IFRS 17.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2018-11-29T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2019-02-04T00:00:00Z",
            "endDate": "2019-04-28T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        }
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/fkUb93zH",
            "name": "DEPARTMENT FOR INTERNATIONAL TRADE",
            "identifier": {
                "legalName": "DEPARTMENT FOR INTERNATIONAL TRADE",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/fkUb93zH"
            },
            "address": {
                "streetAddress": "3 Whitehall Place",
                "locality": "LONDON",
                "postalCode": "SW1A 2AW",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "josh.dell@trade.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-0",
            "name": "KPMG LLP",
            "identifier": {
                "legalName": "KPMG LLP",
                "scheme": "GB-COH",
                "id": "0"
            },
            "address": {
                "streetAddress": "Canary Wharf LONDON E14 5GL GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/fkUb93zH",
        "name": "DEPARTMENT FOR INTERNATIONAL TRADE"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-aed0ef1e-dfae-4927-95ac-a2e827c32057-1",
            "status": "active",
            "date": "2018-11-29T00:00:00Z",
            "datePublished": "2019-02-15T16:25:05Z",
            "value": {
                "amount": 0,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-0",
                    "name": "KPMG LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2019-02-04T00:00:00Z",
                "endDate": "2019-04-28T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/7014b3e9-e413-46a8-a474-0b3c759f108c",
                    "datePublished": "2019-02-15T16:25:05Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}