Award

Market Oversight Accountancy Panel

CARE QUALITY COMMISSION

This public procurement record has 1 release in its history.

Award

25 Jul 2024 at 15:25

Award Notice
Summary of the contracting process

The Care Quality Commission (CQC), headquartered in Newcastle upon Tyne, has concluded a procurement process to establish a Market Oversight Accountancy Panel. This procurement was conducted through the CCS Restructuring & Insolvency Services (RM6269), Lot 1, following the selective procurement method of a call-off from a framework agreement. The awarded tender is categorised under financial consultancy services and involves assessing the financial sustainability of care providers in the Market Oversight Scheme. The contract, valued at £832,500, will run from 3rd June 2024 to 31st December 2027, with an initial period of 19 months and an option for an additional 24-month extension. The procurement stage is complete, and key suppliers include PRICEWATERHOUSECOOPERS LLP, BDO LLP, Deloitte LLP Primary, and TENEO FINANCIAL ADVISORY LIMITED, all based in London, England.

This tender offers significant opportunities for businesses specialising in financial consultancy, particularly those with expertise in commercial restructuring, international commerce, insolvency, or leasing. Firms capable of providing robust financial oversight and advisory services within the care sector stand to benefit greatly. The inclusion of prominent firms like PRICEWATERHOUSECOOPERS and Deloitte indicates the high standards expected, making it a lucrative opportunity for established consultancy firms and accountancy practices looking to expand their involvement in public sector projects. Smaller enterprises, however, should assess their capabilities and resources before pursuing similar opportunities, given the specified non-suitability for SMEs and VCSEs.

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Notice Information

Notice Title

Market Oversight Accountancy Panel

Notice Description

In order to fulfil its statutory duties to assess the financial sustainability of care providers subject to the Market Oversight Scheme the Market Oversight team may need to engage third party accountants with expertise in areas outside the expertise of the CQC in house accountants (such as commercial restructuring, international commercial, insolvency or leasing). The purpose of the procurement is to establish a Market Oversight accountancy services panel who may be requested to provide external accountancy expertise. This procurement was undertaken through the CCS Restructuring & Insolvency Services (RM6269), Lot 1, following the Further Competition process. The Contract is awarded for an initial period of 19 months with an option to extend for up to 24 months. Total Awarded Value is maximum of all charges including all optional contract extensions. Contract Reference: CQC ASC 003

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d184fcc5-58cf-45d5-9f40-c1beb7e42cb8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/79f692ce-11f7-479d-968a-63d4105a3efc
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£832,500 £500K-£1M
Lots Value
Not specified
Awards Value
£832,500 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20241 years ago
Submission Deadline
9 Jun 2023Expired
Future Notice Date
Not specified
Award Date
13 Jun 20241 years ago
Contract Period
2 Jun 2024 - 31 Dec 2027 3-4 years
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
CARE QUALITY COMMISSION
Contact Name
Commercial and Contracts Team
Contact Email
commercialcontracts@cqc.org.uk
Contact Phone
Not specified

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 4PA
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
4
Supplier Names

BDO

DELOITTE LLP PRIMARY

PRICEWATERHOUSECOOPERS

TENEO FINANCIAL ADVISORY

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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