Award

Financial Crime Compliance Lot 1

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

18 Aug 2020 at 08:52

Summary of the contracting process

The procurement process for the "Financial Crime Compliance Lot 1" contract was conducted by the Department for International Trade, focusing on consultancy services to review the financial crime policy of UK Export Finance (UKEF). This tender falls under the financial consultancy sector, with a total contract value of £675,000. The procurement method used was selective, with the tender period ending on 28 February 2020. The contract began on 11 May 2020 and is set to conclude on 31 March 2023. The primary locations for delivery include the United Kingdom and various territories across Europe.

This contract presents substantial opportunities for firms specialising in financial consultancy, particularly those with expertise in compliance and regulatory frameworks. Companies that are well-positioned to compete include established financial advisory firms, as well as smaller, innovative consultancies that can provide specialised knowledge in areas of financial crime and regulatory compliance. Engaging in such contracts can significantly enhance a business's profile and lead to further contracting opportunities within public sector engagements.

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Notice Title

Financial Crime Compliance Lot 1

Notice Description

Consultancy Services to review the financial crime policy of UKEF and make recommendations for future practice

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d6663853-bf78-4dcb-a58a-99f6fe0ae230
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4d66fde1-4e3f-45aa-a45b-d13490a65193
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£675,000 £500K-£1M
Lots Value
Not specified
Awards Value
£675,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Aug 20205 years ago
Submission Deadline
28 Feb 2020Expired
Future Notice Date
Not specified
Award Date
15 Apr 20205 years ago
Contract Period
10 May 2020 - 31 Mar 2023 2-3 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
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Harry Davies
Contact Email
harry.davies@trade.gov.uk
Contact Phone
0

Buyer Location

Locality
LONDON
Postcode
SW1A 2HP
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

ERNST & YOUNG

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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