Award

Financial Reporting Changes Programme - General Ledger/ERP, IFRS17 Calculation E

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

04 Oct 2023 at 13:36

Summary of the contracting process

The UK Export Finance (UKEF) has awarded a contract for the Financial Reporting Changes Programme. The contracting authority, UK Export Finance, located in London, initiated a selective procurement method for financial consultancy services. The contract value is £5,000,000 GBP with a tender period ending on 25th May 2023 and a contract period from 8th September 2023 to 7th September 2025.

This tender offers opportunities for small and medium enterprises (SMEs) in the financial consultancy services sector. Businesses specialising in compliance with IFRS standards, such as IFRS 9 and IFRS 17, would be well-suited to compete. The award was given to KPMG LLP, a large-scale supplier in London, indicating potential growth prospects for similar firms in the industry.

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Notice Title

Financial Reporting Changes Programme - General Ledger/ERP, IFRS17 Calculation E

Notice Description

UK Export Finance (UKEF) (the Customer) is seeking an experienced consultancy with a broad range of capabilities and experience to assist with a programme to ensure compliance with two financial standards IFRS 9 and IFRS 17

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b75c9f05-f90f-440d-b7a3-8b8460f6a174
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bf02863d-8b28-4d1c-8a40-f14e76e392ce
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
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Oct 20232 years ago
Submission Deadline
25 May 2023Expired
Future Notice Date
Not specified
Award Date
29 May 20232 years ago
Contract Period
7 Sep 2023 - 7 Sep 2025 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
UK EXPORT FINANCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
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
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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