Award

COV - Financial Advisors Framework 2021 - AWARD

COVENTRY CITY COUNCIL (COV)

This public procurement record has 1 release in its history.

Award

20 Dec 2021 at 12:24

Summary of the contracting process

The Coventry City Council (CCC) has completed the procurement process for the "COV - Financial Advisors Framework 2021," focusing on financial and insurance services. This award was made on 4 June 2021, and the contract will run from 16 June 2021 to 15 June 2025. The process was conducted through a selective procurement method involving competitive dialogue. The tender period concluded on 22 April 2021, with delivery addresses situated in Coventry, West Midlands.

This contract presents significant opportunities for financial advisory firms, particularly small and medium-sized enterprises (SMEs) looking to expand their footprint in public sector consultancy. Interested businesses should have expertise in commercialisation strategies and be prepared to assist in the council's initiatives aimed at optimising resources and creating new revenue streams. With the council's proactive approach to fostering growth and exploring additional projects, firms positioned to deliver innovative financial solutions could greatly benefit from this engagement.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

COV - Financial Advisors Framework 2021 - AWARD

Notice Description

Coventry City Council (CCC) as part of the Council's 'OneCoventry' transformation programme is keen to focus on commercialisation with the aim of reducing it's resource burden; o Investing capital to realise sustainable, long term revenue; o Creating value from existing Council assets by creating or expanding traded services; and o Doing more with less, by adopting a commercial approach to core service delivery. The Council has been proactive over the last 3 years in creating such opportunities and is exploring a number of further projects and initiatives. Further projects and initiatives will be explored with service colleagues during 2021, with an aspiration for an additional 5 'big ticket' projects to be identified and progressed through the feasibility stages. The scope of the necessary input for financial advisors will vary by project, and by the stage of the project and the Council is looking to appoint 2 suppliers to work with it via a framework arrangement over the next 4 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e37992a3-137f-4f3d-bab6-1cddafd5447f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ca3c5ce4-9146-4462-849e-e8caab363771
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialog
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£3,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20214 years ago
Submission Deadline
22 Apr 2021Expired
Future Notice Date
Not specified
Award Date
3 Jun 20214 years ago
Contract Period
15 Jun 2021 - 15 Jun 2025 4-5 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
COVENTRY CITY COUNCIL (COV)
Contact Name
Coventry City Council Procurement Team
Contact Email
procurement.services@coventry.gov.uk
Contact Phone
024 7683 3757

Buyer Location

Locality
COVENTRY
Postcode
CV1 2GN
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLG West Midlands (England)

Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

Supplier Information

Number of Suppliers
2
Supplier Names

DELOITTE

ERNST AND YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-e37992a3-137f-4f3d-bab6-1cddafd5447f-2021-12-20T12:24:01Z",
    "date": "2021-12-20T12:24:01Z",
    "ocid": "ocds-b5fd17-e37992a3-137f-4f3d-bab6-1cddafd5447f",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "COV - 10275 - AWARD",
        "title": "COV - Financial Advisors Framework 2021 - AWARD",
        "description": "Coventry City Council (CCC) as part of the Council's 'OneCoventry' transformation programme is keen to focus on commercialisation with the aim of reducing it's resource burden; o Investing capital to realise sustainable, long term revenue; o Creating value from existing Council assets by creating or expanding traded services; and o Doing more with less, by adopting a commercial approach to core service delivery. The Council has been proactive over the last 3 years in creating such opportunities and is exploring a number of further projects and initiatives. Further projects and initiatives will be explored with service colleagues during 2021, with an aspiration for an additional 5 'big ticket' projects to be identified and progressed through the feasibility stages. The scope of the necessary input for financial advisors will vary by project, and by the stage of the project and the Council is looking to appoint 2 suppliers to work with it via a framework arrangement over the next 4 years.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "CV1 2GN"
                    },
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethod": "selective",
        "procurementMethodDetails": "Competitive dialog",
        "tenderPeriod": {
            "endDate": "2021-04-22T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-06-16T01:00:00+01:00",
            "endDate": "2025-06-15T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-162112",
            "name": "Coventry City Council (COV)",
            "identifier": {
                "legalName": "Coventry City Council (COV)"
            },
            "address": {
                "streetAddress": "Coventry, Coventry",
                "locality": "Coventry",
                "postalCode": "CV1 2GN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Coventry City Council Procurement Team",
                "email": "procurement.services@coventry.gov.uk",
                "telephone": "024 7683 3757"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-89754",
            "name": "Deloitte",
            "identifier": {
                "legalName": "Deloitte"
            },
            "address": {
                "streetAddress": "2 New Street Square, London, United Kingdom, EC4A 3BZ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        },
        {
            "id": "GB-CFS-192750",
            "name": "Ernst and Young LLP",
            "identifier": {
                "legalName": "Ernst and Young LLP"
            },
            "address": {
                "streetAddress": "1 More London Place, United Kingdom, SE1 2AF"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-162112",
        "name": "Coventry City Council (COV)"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-e37992a3-137f-4f3d-bab6-1cddafd5447f-1",
            "status": "active",
            "date": "2021-06-04T00:00:00+01:00",
            "datePublished": "2021-12-20T12:24:01Z",
            "value": {
                "amount": 3000000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-89754",
                    "name": "Deloitte"
                },
                {
                    "id": "GB-CFS-192750",
                    "name": "Ernst and Young LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2021-06-16T00:00:00+01:00",
                "endDate": "2025-06-15T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/ca3c5ce4-9146-4462-849e-e8caab363771",
                    "datePublished": "2021-12-20T12:24:01Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}