Award

Con_27596 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

09 May 2025 at 14:06

Award Notice
Summary of the contracting process

The Department for Education has completed the procurement process for its "Con_27596 Insolvency & Restructuring Panel" initiative. This tender, classified under accounting and auditing services (CPV 79210000), aims to support financially distressed colleges and other providers in the UK by establishing a specialised professional services panel. The procurement method used was call-off from a framework agreement, held through a selective process. Key dates include the award status becoming active on 11 April 2025, while the contracting period spans from 14 April 2025 to 30 April 2028. This initiative reaches across numerous regions, including the North East, North West, and Greater London, among others.

This tender presents significant business growth opportunities, particularly for SMEs and supportive professional services firms with expertise in insolvency and restructuring. The project is well-suited for businesses looking to expand their reach within the public sector by offering critical support to educational institutions requiring financial management and restructuring services. With its substantial budget of £1,457,143 GBP, this contract enables businesses like Interpath Advisory, the awarded supplier, to enhance their industry footprint and service offerings in multiple regions across England. The involvement in such a contract can potentially elevate the profile of participating firms within the public sector sphere.

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Notice Information

Notice Title

Con_27596 Insolvency & Restructuring Panel

Notice Description

To support the implementation of the FE insolvency regime and its underlying legislation, TFEA, which received royal ascent in 2017, infrastructure is required to allow financially distressed colleges to be assessed and, if necessary, managed through restructuring / insolvency. Accordingly, a professional services panel is required as part of this infrastructure. The panel will also be available for other financially distressed providers which may require restructuring or managed through an insolvency process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b4c96451-ce07-4239-a0df-e15a1d384bd6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/582ca090-8e63-4939-b368-b873adfd95b9
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, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£1,457,143 £1M-£10M
Lots Value
Not specified
Awards Value
£1,457,143 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 May 20259 months ago
Submission Deadline
13 Jan 2025Expired
Future Notice Date
Not specified
Award Date
10 Apr 202510 months ago
Contract Period
13 Apr 2025 - 30 Apr 2028 3-4 years
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
DEPARTMENT FOR EDUCATION
Contact Name
DfE Commercial
Contact Email
core.procurement@education.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
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
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

INTERPATH ADVISORY

Further Information

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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