Award

Consumer Duty: 'Phase 1 Analysis & Phase 2 Readiness

NS&I

This public procurement record has 2 releases in its history.

Award

09 Aug 2024 at 09:02

Award

26 Mar 2024 at 13:58

Summary of the contracting process

NS&I (National Savings and Investments) awarded a contract for the project titled "Consumer Duty: 'Phase 1 Analysis & Phase 2 Readiness". This tender falls under the business and management consultancy services category, with additional specialisations including general, financial, marketing, human resources, production, design, public relations, safety, procurement, evaluation, project-management, arbitration, crisis management, and business development consultancy services. The procurement method used was selective, specifically a call-off from the Crown Commercial Service RM6187 Management Consultancy framework. The procurement stage currently is the award stage with the contract period running from 1st March 2024 to 31st October 2024. The initial contract period is 8 months with an option to extend by a further 6 months if necessary. This contract has a significant business implication, as the award notice was amended on 9th August 2024 due to additional work required, increasing the value of additional services to £71,891.00 (excluding VAT). The project's delivery addresses include locations in Yorkshire and the Humber.

This tender opens numerous opportunities for businesses providing consultancy services in various domains such as management, financial, human resources, marketing, safety, and public relations. Firms with expertise in providing comprehensive consultancy support who can address specific organisational challenges and possess a proactive approach to detailed due diligence and discovery activities will find this project well-suited to their capabilities. The involvement in such a significant contract provides potential growth opportunities through extended contracts, enhancement of the business portfolio, and a robust presence in public sector procurement. The primary buyers and stakeholders include large consultancy firms capable of handling complex and multifaceted projects, as evidenced by the contract being awarded to Grant Thornton UK LLP, a large-scale consultancy firm.

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Notice Title

Consumer Duty: 'Phase 1 Analysis & Phase 2 Readiness

Notice Description

NS&I has a requirement for management consultancy SME support on Consumer Duty phase 1 embedding/industry early best practices and Consumer Duty phase 2 gap analysis and business readiness. The initial contract will be for a period of 8 months with an option to extend by a further period of 6 months if required. Contract charges will be comprised of two elements: i) fixed price for the majority of the project; and ii) via a rate card for any additional services where required. **Contract awarded following a further competition via Crown Commercial Service RM6187 Management Consultancy framework** Additional information: Award notice amended 09/08/2024 due to additional work required, as stated in the initial procurement documentation. NS&I requires further support from the Supplier relating to further due diligence / discovery activities plus delivery and project work. Value of additional services: PS71,891.00 exc VAT.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e039ec86-1711-44d2-a23b-56b774a5f960
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f6596afd-cc7b-4ed4-a461-73ae12e70d49
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

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


CPV Codes

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411000 - General management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

79413000 - Marketing management consultancy services

79414000 - Human resources management consultancy services

79415000 - Production management consultancy services

79415200 - Design consultancy services

79416000 - Public relations services

79416100 - Public relations management services

79416200 - Public relations consultancy services

79417000 - Safety consultancy services

79418000 - Procurement consultancy services

79419000 - Evaluation consultancy services

79420000 - Management-related services

79421000 - Project-management services other than for construction work

79421100 - Project-supervision services other than for construction work

79421200 - Project-design services other than for construction work

79422000 - Arbitration and conciliation services

79430000 - Crisis management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Aug 20241 years ago
Submission Deadline
2 Feb 2024Expired
Future Notice Date
Not specified
Award Date
19 Feb 20242 years ago
Contract Period
1 Mar 2024 - 31 Oct 2024 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NS&I
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
SW1P 3BT
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
TLE Yorkshire and The Humber

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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