Award

DNO/324 Strategic Financial Advisors Transparency Notice

MINISTRY OF DEFENCE

This public procurement record has 2 releases in its history.

AwardUpdate

12 Sep 2024 at 16:09

Award Notice
Award

12 Sep 2024 at 11:52

Award Notice
Summary of the contracting process

The Ministry of Defence has completed the procurement of strategic financial advisory services under the title "DNO/324 Strategic Financial Advisors Transparency Notice". This tender falls under the financial consultancy services industry category and was conducted via a selective method, specifically a call-off from a framework agreement. The value of the contract is £2,500,000. The strategic financial advisory services will be delivered primarily in London, United Kingdom. The tendering process concluded on 28th August 2024, with the contract period running from 29th August 2024 to 28th August 2025. Key dates include the start of the contract on 29th August 2024, and the official award notice was published on 12th September 2024.

This tender presents significant opportunities for businesses offering financial consultancy services, particularly large-scale firms capable of managing substantial contracts. While the suitability criteria for this tender indicated it was not specifically targeting SMEs or VCSEs, the procurement offers a valuable entry point for businesses looking to establish or reinforce relationships with government bodies, such as the Ministry of Defence. Companies experienced in providing strategic financial advice on a large scale, like Ernst & Young LLP—the awarded supplier—will find this type of contract particularly beneficial for business growth and expanding their public sector portfolio.

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Notice Information

Notice Title

DNO/324 Strategic Financial Advisors Transparency Notice

Notice Description

Transparency notice for the provision of strategic financial advisors

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e2e11435-6214-4357-948f-574aea9978ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d92a562c-dc22-409d-8c62-84e3d71ade2b
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

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Sep 20241 years ago
Submission Deadline
28 Aug 2024Expired
Future Notice Date
Not specified
Award Date
28 Aug 20241 years ago
Contract Period
28 Aug 2024 - 28 Aug 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
MINISTRY OF DEFENCE
Contact Name
Not specified
Contact Email
eliza.yeo100@mod.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BRISTOL
Postcode
BS34 8JH
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK52 Bath & North East Somerset and South Gloucestershire
Delivery Location
TLI London
Local Authority
South Gloucestershire
Electoral Ward
Stoke Park & Cheswick
Westminster Constituency
Filton and Bradley Stoke

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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