Award

FX Advisory Services

HS2

This public procurement record has 1 release in its history.

Award

07 Sep 2021 at 07:36

Summary of the contracting process

The procurement process involves HS2 Ltd, based in Birmingham, seeking FX Advisory Services to manage the foreign currency risks associated with their costs, which total £76,333. The tender is classified under financial consultancy services, and the contract period commenced on 1 September 2021, ending on 31 May 2022. The procurement method used was selective, with the procedure executed as a call-off from a framework agreement. The tender period concluded on 31 August 2021, making the process currently complete.

This contract presents significant opportunities for SMEs with expertise in financial consultancy, particularly those skilled in managing foreign exchange risks. Given the current economic climate following Brexit, businesses capable of providing strategic advice and services in foreign currency management will be well-positioned to compete. Engaging in such tenders can help businesses expand their client base and enhance their reputations in the financial advisory sector.

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

FX Advisory Services

Notice Description

A material portion of HS2 Ltd's costs are denominated in foreign currencies and hence are subject to potential price volatility, both positive and negative, from movements in FX rates. Given the current FX volatility caused by Brexit, FX risk is increasingly being raised as a cost driver by suppliers across all of HS2 Ltd's procurements.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b1188662-937e-4445-92e1-639e595f75e6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aec8ca96-a9f2-45c6-be6b-937714d11154
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

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£76,333 Under £100K
Lots Value
Not specified
Awards Value
£76,333 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Sep 20214 years ago
Submission Deadline
30 Aug 2021Expired
Future Notice Date
Not specified
Award Date
19 Aug 20214 years ago
Contract Period
31 Aug 2021 - 31 May 2022 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
HS2
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified

Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

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-b1188662-937e-4445-92e1-639e595f75e6-2021-09-07T08:36:41+01:00",
    "date": "2021-09-07T08:36:41+01:00",
    "ocid": "ocds-b5fd17-b1188662-937e-4445-92e1-639e595f75e6",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_279292/990051",
        "title": "FX Advisory Services",
        "description": "A material portion of HS2 Ltd's costs are denominated in foreign currencies and hence are subject to potential price volatility, both positive and negative, from movements in FX rates. Given the current FX volatility caused by Brexit, FX risk is increasingly being raised as a cost driver by suppliers across all of HS2 Ltd's procurements.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "B4 6GA"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 76333,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2021-08-31T00:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-09-01T00:00:00+01:00",
            "endDate": "2022-05-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-149344",
            "name": "HS2",
            "identifier": {
                "legalName": "HS2"
            },
            "address": {
                "streetAddress": "Two Snowhill",
                "locality": "Birmingham",
                "postalCode": "B4 6GA",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "James.Patterson@hs2.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-OC303675",
            "name": "Deloitte LLP",
            "identifier": {
                "legalName": "Deloitte LLP",
                "scheme": "GB-COH",
                "id": "OC303675"
            },
            "address": {
                "streetAddress": "1 New Street Square, London, United Kingdom, EC4A 3HQ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-149344",
        "name": "HS2"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-b1188662-937e-4445-92e1-639e595f75e6-1",
            "status": "active",
            "date": "2021-08-20T00:00:00+01:00",
            "datePublished": "2021-09-07T08:36:41+01:00",
            "value": {
                "amount": 76333,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-OC303675",
                    "name": "Deloitte LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2021-09-01T00:00:00+01:00",
                "endDate": "2022-05-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/aec8ca96-a9f2-45c6-be6b-937714d11154",
                    "datePublished": "2021-09-07T08:36:41+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}