Award

The Provision of Services to Support the Cost Transparency Project

THE INSOLVENCY SERVICE

This public procurement record has 1 release in its history.

Award

09 Jan 2024 at 14:12

Award Notice
Summary of the contracting process

The Insolvency Service awarded a contract for "The Provision of Services to Support the Cost Transparency Project" to WAVESTONE ADVISORS UK LIMITED. The procurement method was selective, with a contract value of £2,000,000. The tender period ended on 27th November 2023, and the contract period spans from 8th January 2024 to 7th January 2026. The procurement is classified under information systems or technology review services and project management consultancy services in the services category.

This contract award by The Insolvency Service opens opportunities for business growth, especially for suppliers in the information systems or technology strategic review services and project management consultancy services industries. Businesses well-suited to compete should have experience in delivering cost transparency activities and insights within the IT sector. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are also encouraged to participate, given the focus on value optimisation and cost reduction.

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Notice Information

Notice Title

The Provision of Services to Support the Cost Transparency Project

Notice Description

The Insolvency Service (INSS) wishes to work with a Supplier to deliver a programme of Cost Transparency activities across our IT estate, to provide rapid and meaningful insights in support of key business and IT decisions. This programme of work will provide INSS with clear visibility of where money is being spent and an understanding of why services costs what they do. The Cost Transparency programme of work will deliver the resource, technology and Supplier insights needed to start reducing the overall cost of IT, with a view to realising value optimisation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d222f9ed-240a-48fa-8971-2f30179d9621
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6f108bc8-9d7d-494d-8992-4132438593a4
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72222100 - Information systems or technology strategic review services

72224000 - Project management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
9 Jan 20242 years ago
Submission Deadline
27 Nov 2023Expired
Future Notice Date
Not specified
Award Date
5 Jan 20242 years ago
Contract Period
8 Jan 2024 - 7 Jan 2026 2-3 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
THE INSOLVENCY SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
STRATFORD
Postcode
SW1P 2HT
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

WAVESTONE ADVISORS

Further Information

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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