Award

Contingency Planning for Multi Firm Failure

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

20 Dec 2024 at 14:03

Award Notice
Summary of the contracting process

The Financial Conduct Authority has concluded a procurement process titled "Contingency Planning for Multi Firm Failure," falling under the industry category of business and management consultancy services. The procurement, valued at £146,059.2, was conducted using a selective method through a call-off from a framework agreement. This process, which falls under the "services" category, specifies that the contract will be fulfilled within the London region of the United Kingdom from 12th December 2024 to 3rd September 2025. The award was finalised on 13th September 2023, with key documentation published on 20th December 2024.

This tender presents significant opportunities for businesses specialising in consultancy services, particularly those with expertise in financial resolution and insolvency. The awarded contract to Grant Thornton LLP underscores the importance of possessing a strong background in managing multi-firm failure crises. While SMEs and VCSEs were not deemed suitable for this contract, larger consultancy firms with the required skills and experience in financial management and crisis resolution may find similar future opportunities promising for expanding their market presence and demonstrating their capabilities to high-profile clients such as the Financial Conduct Authority.

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Notice Information

Notice Title

Contingency Planning for Multi Firm Failure

Notice Description

Provision of specialists to assist the Resolution & Insolvency team in a multi firm failure event.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d2579bad-b5ac-4c46-bc55-64c89665cf05
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/489b3d7f-4a4c-4afa-9303-f5fe53431dc3
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

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

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£146,059 £100K-£500K
Lots Value
Not specified
Awards Value
£146,059 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20241 years ago
Submission Deadline
10 Aug 2023Expired
Future Notice Date
Not specified
Award Date
12 Sep 20232 years ago
Contract Period
12 Dec 2024 - 3 Sep 2025 6-12 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
FINANCIAL CONDUCT AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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