Tender

India Programme - Support Development of Insolvency Regulatory Framework in India

FOREIGN & COMMONWEALTH OFFICE

This public procurement record has 2 releases in its history.

TenderCancellation

09 Dec 2019 at 06:24

Tender Notice
Tender

22 Nov 2018 at 10:46

Tender Notice
Summary of the contracting process

The project titled "India Programme - Support Development of Insolvency Regulatory Framework in India" is being conducted by the Foreign & Commonwealth Office. This tender is aimed at enhancing financial services collaboration between the UK and India, specifically focusing on the development of a comprehensive insolvency regulatory framework. The procurement process is currently at the active tender stage, with a closing date for submissions on 5 December 2018. The contract is valued at £40,000 and falls under the category of research and development services and consultancy services. It is notable that this procurement method follows an open procedure, allowing a wide range of suppliers to participate.

This opportunity presents significant potential for businesses, particularly consultancy firms and those with expertise in insolvency law and financial services, to contribute to the development of India's insolvency framework. Companies that are experienced in providing technical assistance or have a track record in similar projects would be well-positioned to engage with this tender. Furthermore, the requirement for registration on the Foreign & Commonwealth Office's e-sourcing portal necessitates that vendors prepare adequately to meet the tendering process requirements, which could lead to further engagement and contracts within this expanding regulatory environment.

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Notice Information

Notice Title

India Programme - Support Development of Insolvency Regulatory Framework in India

Notice Description

The UK and India have a strong partnership in financial services, driven by annual Economic and Financial Dialogues (EFDs) between Finance Ministers. During the meeting between the Prime Minister's Modi and May in April 2018, it was agreed to enhance the collaboration on financial services in particular on Insolvency, through a technical assistance programme . Touted as one of the most significant reforms undertaken in modern era, the Insolvency and Bankruptcy Code (IBC), since its implementation in 2016 has played a significant role in resolving some of the largest and complex cases in the banking system, with the lenders making a significant recoveries, in some cases helping banks to recover 63% of outstanding amount. Therefore, as a next step, the Government of India (GoI) is keen to address the missing feature of the current IBC code by further expanding the ambit of the law and develop the cross-border and personal insolvency regulatory framework. Developing a coherent and transparent insolvency framework will help India not only in providing a crucial debt resolution and insolvency mechanism but will help strengthen the investment climate and advance economic growth, thereby reducing poverty in the country. The UK, which has played a pivotal role in supporting the development of the IBC framework since its implementation is keen to support the GoI in its efforts to strengthen and design the new regulatory framework of insolvency law. Additional information: In order to be considered for this project it and receive pre-qualification and/or tender information it is necessary that you register your company (including any relevant information requested) on the Foreign & Commonwealth Office Procurement Portal, e-Bravo. Failure to do this will mean your company may not receive a Tender; no tenders will be issued via open e-mail. Project 2001, ITT 2714 : India Programme - Support Development of Insolvency Regulatory Framework in India How to apply in this Project: 1. Register your company on the eSourcing portal (this is only required once) - Browse to the eSourcing Portal: https://fco.bravosolution.co.uk and click the link to register. - Accept the terms and conditions and click "continue" - Enter your correct business and user details - Note the username you chose and click "Save" when complete - you will shortly receive an e-mail with your unique password (please keep this secure). 2. Login to the portal with the username/password - Click on the relevant Invitation to Tender (ITT) to access the content - You can now access any attachments by clicking the "Settings and Buyer Attachments" in the "Actions" box; Responding to the ITT - You can choose to "Reply" or "Reject" (please give a reason if rejecting) - You can now use the 'Messages' function to communicate with the buyer and seek clarification - Note the deadline for completion, - There may be a mixture of online & offline actions for you to perform (there is detailed online help available), You must then publish your reply using the publish button in the "Actions" box on the left-hand side of the page. If you require any further assistance please consult the the online help or contact the eTendering help desk. Potential Providers should answer all questions as accurately and concisely as possible in the same order as the questions are presented. Where a question is not relevant to the Potential Provider's organisation, this should be indicated, with an explanation. Where attachments are requested to be submitted within the electronic PQQ/ITT, these shall be submitted in a PDF format (Adobe or similar). PQQ/ITT or Bids not submitted via the FCO's eProcurement portal will not be considered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c47b62b7-1f5c-4dff-8e1f-d8b9258e7c86
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3e51b14b-bdf6-4207-a5c9-8bf46c6ab705
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Dec 20196 years ago
Submission Deadline
5 Dec 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
15 Jan 2019 - 31 Mar 2019 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FOREIGN & COMMONWEALTH OFFICE
Contact Name
Sudha Menon
Contact Email
sudha.menon@fco.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NEW DELHI
Postcode
SW1A 2AH
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

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. 

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