Award

C0818 - Commercial Due Diligence Services

NATIONAL WEALTH FUND LIMITED

This public procurement record has 2 releases in its history.

AwardUpdate

31 Oct 2024 at 10:37

Award Notice
Award

30 Oct 2024 at 09:52

Award Notice
Summary of the contracting process

The National Wealth Fund Limited has concluded the procurement process for the "Commercial Due Diligence Services" contract, classified under Investment banking services and related services (CPV ID: 66120000). The awarding date was 17th October 2024, with the contract set to commence on 21st October 2024 and continue until 20th April 2025. The procurement was carried out through a selective method, specifically a call-off from a dynamic purchasing system. This procurement process took place within the United Kingdom, and the contract value is £215,000 GBP.

This tender presents a significant opportunity for businesses, particularly those specialising in investment banking services, to enhance their portfolio by participating in dynamic purchasing systems. Small and medium-sized enterprises (SMEs) can particularly benefit, as the procurement criteria include SMEs' suitability. However, organisations the size of Ernst & Young Limited, which has won the contract, are well-suited given their capacity and existing market presence. Such tenders enable organisations to secure substantial contracts that can pave the way for further growth and exposure in the industry.

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

C0818 - Commercial Due Diligence Services

Notice Description

To provide Commercial Due Diligence Services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b214bd9d-f3e5-4a2f-a198-61835e2dc76e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/48bdf0f0-1af2-4ced-8fba-be9df6bb845a
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£215,000 £100K-£500K
Lots Value
Not specified
Awards Value
£215,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Oct 20241 years ago
Submission Deadline
15 Oct 2024Expired
Future Notice Date
Not specified
Award Date
16 Oct 20241 years ago
Contract Period
20 Oct 2024 - 20 Apr 2025 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
NATIONAL WEALTH FUND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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-b214bd9d-f3e5-4a2f-a198-61835e2dc76e-2024-10-31T10:37:12Z",
    "date": "2024-10-31T10:37:12Z",
    "ocid": "ocds-b5fd17-b214bd9d-f3e5-4a2f-a198-61835e2dc76e",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "C0818",
        "title": "C0818 - Commercial Due Diligence Services",
        "description": "To provide Commercial Due Diligence Services.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66120000",
            "description": "Investment banking services and related services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 215000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a dynamic purchasing system",
        "tenderPeriod": {
            "endDate": "2024-10-16T00:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-10-21T00:00:00+01:00",
            "endDate": "2025-04-20T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/bf3h7Y7s",
            "name": "NATIONAL WEALTH FUND LIMITED",
            "identifier": {
                "legalName": "NATIONAL WEALTH FUND LIMITED",
                "scheme": "GB-SRS",
                "id": "supplierregistration.cabinetoffice.gov.uk/bf3h7Y7s"
            },
            "address": {
                "streetAddress": "2 Whitehall Quay",
                "locality": "Leeds",
                "postalCode": "LS1 4HR",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "National Wealth Fund Procurement Team",
                "email": "procurement@ukib.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-05458987",
            "name": "ERNST & YOUNG LIMITED",
            "identifier": {
                "legalName": "ERNST & YOUNG LIMITED",
                "scheme": "GB-COH",
                "id": "05458987"
            },
            "address": {
                "streetAddress": "1 More London Place SE1 2AF GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/bf3h7Y7s",
        "name": "NATIONAL WEALTH FUND LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-b214bd9d-f3e5-4a2f-a198-61835e2dc76e-1",
            "status": "active",
            "date": "2024-10-17T00:00:00+01:00",
            "datePublished": "2024-10-30T09:52:25Z",
            "value": {
                "amount": 215000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-05458987",
                    "name": "ERNST & YOUNG LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-10-21T00:00:00+01:00",
                "endDate": "2025-04-20T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/48bdf0f0-1af2-4ced-8fba-be9df6bb845a",
                    "datePublished": "2024-10-30T09:52:25Z",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2024-10-31T10:37:12Z"
                }
            ]
        }
    ]
}