Award

Hybrid Investment Joint Venture Administrator

HS2

This public procurement record has 1 release in its history.

Award

28 Mar 2024 at 15:48

Summary of the contracting process

The award has been granted for the contract titled "Hybrid Investment Joint Venture Administrator" by HS2. The procurement process falls under the services category, with a value of £3,500,000. The tender, using a selective procurement method, had a tender period ending on March 26, 2024. The contract period is from April 1, 2024, to March 31, 2030. It involves financial consultancy services for a joint venture between HS2, DfT, and the private sector.

This contract offers opportunities for businesses, particularly those in financial consultancy services, to engage in a joint venture operation with HS2 and DfT. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are considered suitable for this tender. The contract provides a significant investment opportunity with a minimum value of £2,100,000, attracting businesses looking to expand their financial administrative services portfolio through a long-term partnership with the public sector.

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Notice Title

Hybrid Investment Joint Venture Administrator

Notice Description

This procurement is for an Administrator to provide financial administrative services which will support the functioning of a Hybrid Investment Joint Venture between HS2, DfT, and the private sector. This Contract has an initial Contract Period of 01/04/2024 until 31/03/2030, with four additional 12-month optional extension periods.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cf187c80-c347-4f7c-9b84-e3885a44ce11
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/900459e1-3055-4994-a6b4-e5c2cc026978
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

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,100,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Mar 20241 years ago
Submission Deadline
26 Mar 2024Expired
Future Notice Date
Not specified
Award Date
18 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2030 Over 5 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
HS2
Contact Name
Chris Simmons
Contact Email
chris.simmons@hs2.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified

Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

ATHLA CAPITAL MANAGEMENT

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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