Award

Legal advice in relation to an existing UKEF supported financing transaction

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

23 Jul 2024 at 21:09

Summary of the contracting process

The procurement process for legal advice in relation to an existing UK Export Finance (UKEF) supported financing transaction has reached the award stage. UK Export Finance, located at 1 Horse Guards Road, London, was the buying organisation for this single tender action, specifically below threshold. The contract was awarded to Clifford Chance LLP on 26th June 2024, with services commencing on 1st July 2024 and running until 30th June 2025. This tender falls under the legal services category, valued at GBP 303,325, and is focused on services within the postal code SW1A 2HQ in England.

This tender can open doors for growth by providing a lucrative opportunity for businesses specialising in legal services associated with financial transactions, claims, and recoveries. While the procurement favoured a single tender approach, it underscores the demand for competent legal advisory services in high-stakes financial situations. Small and medium-sized enterprises (SMEs) specialising in legal finance can find similar opportunities valuable, especially those looking to establish or enhance their portfolio with government contracts. The awarded contract to Clifford Chance LLP, a large-scale entity based in Dubai, illustrates the scope and competitive nature of such procurements.

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Notice Title

Legal advice in relation to an existing UKEF supported financing transaction

Notice Description

Contract for legal advice in relation to claims and recoveries for UKEF Supported financing transaction

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cc7b5d3c-67d6-44a0-bfcb-b019bb30d95f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2dcfe9aa-a3a8-492b-90f8-9197e0ae62d8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£303,325 £100K-£500K
Lots Value
Not specified
Awards Value
£303,325 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jul 20241 years ago
Submission Deadline
26 Jun 2024Expired
Future Notice Date
Not specified
Award Date
25 Jun 20241 years ago
Contract Period
30 Jun 2024 - 30 Jun 2025 6-12 months
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
Not specified
Contact Email
commercial@ukexportfinance.gov.uk
Contact Phone
Not specified

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

CLIFFORD CHANCE

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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