Award

Debt restructuring advice and execution

KENT COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

11 Jan 2023 at 11:30

Award Notice
Summary of the contracting process

The Kent County Council has awarded a contract for debt restructuring advice and execution with a total value of 153,445 GBP. The procurement process was conducted using a limited competitive quotation method, and the contract period is from August 9, 2022, to December 22, 2022. The procurement was undertaken for financial and insurance services, specifically in the East of England region, United Kingdom.

This tender presents an opportunity for businesses operating in the financial and insurance services sector to provide debt restructuring advice and execution services. Small and medium-sized enterprises (SMEs) are well-suited to compete in this procurement process. Businesses in the East of England region, UK, with expertise in financial scenario analysis and negotiation with lenders would find this tender particularly relevant for business growth.

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Notice Information

Notice Title

Debt restructuring advice and execution

Notice Description

1. A detailed review of existing loan contract documentation and contractual terms 2. In-depth discussion and negotiation with existing lenders on prepayment terms 3. Detailed scenario and sensitivity analysis Including 1. Sensitivity to interest rate movements 2. Scenarios based on projected cash flow / ability to repay / refinance 4. Production of a detailed report covering the above, with updated analysis provided subsequently 5. Negotiation to increase the margin applied to the discount rate. 6. Agreement of the methodology used to calculate the premature redemption sum 7. Working with lenders to produce a suitable prepayment process, including supporting documentation, due diligence, termination documentation and settlement procedures 8. Conducting "dry run" prepayment calls to verify the suitability and practicality of the process, helping to minimise execution costs 9. Participation on execution calls to validate the settlement sums agreed are in line with the pre-agreed terms, providing an audit trail

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca8a8ea2-c609-41e1-946e-b85b30143829
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3dd68c1e-6d7e-47b4-96ee-9d9f10feb7ef
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£153,445 £100K-£500K
Lots Value
Not specified
Awards Value
£153,445 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jan 20233 years ago
Submission Deadline
4 Aug 2022Expired
Future Notice Date
Not specified
Award Date
8 Aug 20223 years ago
Contract Period
8 Aug 2022 - 22 Dec 2022 1-6 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
KENT COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MAIDSTONE
Postcode
ME14 1XX
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
Not specified
Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

ARLINGCLOSE

Further Information

Notice Documents

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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