Award

VARIATION: Post Office Limited's Senior Executive Renumeration

BEIS

This public procurement record has 2 releases in its history.

Award

07 Dec 2023 at 13:58

Award Notice
Award

18 Aug 2023 at 10:25

Award Notice
Summary of the contracting process

The buying organisation BEIS, Department for Business, Energy & Industrial Strategy, awarded a contract for legal services to Simmons & Simmons LLP. The contract titled "VARIATION: Post Office Limited's Senior Executive Renumeration" was valued at £294,637.40 GBP, with the tender period ending on 16th June 2023. The contract period spanned from 19th July to 31st July 2023. This selective procurement process was a call-off from a framework agreement.

This tender presents an opportunity for legal service providers, especially those experienced in governance matters. BEIS opted for a variation of an existing contract to address senior executive remuneration issues, resulting in business growth potential for legal firms. The contract details demonstrate BEIS's commitment to improving governance practices within the Post Office Limited. Small and medium-sized legal service providers with expertise in contractual variations and regulatory compliance may find this opportunity particularly well-suited for their capabilities.

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Notice Information

Notice Title

VARIATION: Post Office Limited's Senior Executive Renumeration

Notice Description

THIS IS NOT A NEW AWARDED CONTRACT. THIS NOTICE IS FOR THE VARIATION OF AN EXISTING CONTRACT. After conducting the review of the governance in relation to Post Office Limited's decisions regarding senior executive remuneration, Simmons & Simmons will produce a report setting out our findings in relation to these matters. Where issues are identified, the report will make recommendations for improvements. A variation to the overall contract value was required under Public Contracts Regulation 72(c). The contract value was increased by PS50,000 (excluding VAT). Previous Contract value: PS244,637.40. New Contract value: PS294,637.40

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e3100a83-6f33-451e-bdff-dbcd0fb5f507
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6e2b6d7-90f1-44ab-998d-20fbc72ee489
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
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£294,637 £100K-£500K
Lots Value
Not specified
Awards Value
£539,274 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Dec 20232 years ago
Submission Deadline
16 Jun 2023Expired
Future Notice Date
Not specified
Award Date
18 Jun 20232 years ago
Contract Period
18 Jul 2023 - 31 Jul 2023 30 days
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
BEIS
Contact Name
Not specified
Contact Email
cara.jenkins@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
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
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
2
Supplier Names

SIMMONS & SIMMONS

SIMMONS AND SIMMONS

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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