Award

Specialist Financial Advice

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

05 Nov 2021 at 13:30

Award Notice
Summary of the contracting process

The Business Energy and Industrial Strategy (BEIS) has completed a procurement process for "Specialist Financial Advice" within the financial consultancy sector, focused on addressing energy supplier insolvencies. The procurement, classified under CPV code 66170000, utilised a limited negotiated procedure without prior publication and had a total contract value of £1,000,000. The tender period concluded on 3rd November 2021, with the awarded contract commencing on 4th November 2021 and ending on 31st March 2022. The location for the services is based in London, United Kingdom.

This opportunity presents significant potential for businesses specialising in financial consultancy, particularly those with experience in urgent situations and the energy sector. Small and medium-sized enterprises (SMEs) could find this contract fitting, as BEIS specifically encourages SME participation in this procurement. Firms with expertise in financial transaction processing and those capable of providing timely, strategic financial advice will be well-positioned to compete for future opportunities related to energy supplier challenges.

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Notice Information

Notice Title

Specialist Financial Advice

Notice Description

BEIS are seeking finance support on the energy supplier insolvencies using a direct award under Regulation 32(2)(c) of PCR 2015 (Reasons of extreme urgency brought about by events unforeseeable by the contracting authority, the time limits for the open or restricted procedures or competitive procedures with negotiation cannot be complied with) .

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e9aa55db-3df9-4410-ad7c-3808f81aac09
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04f3c895-66bb-4085-ac4f-a3b7c9bb188f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Negotiated procedure without prior publication (above threshold)
Tender Suitability
SME
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
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Nov 20214 years ago
Submission Deadline
3 Nov 2021Expired
Future Notice Date
Not specified
Award Date
4 Nov 20214 years ago
Contract Period
4 Nov 2021 - 31 Mar 2022 1-6 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
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
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
SW1H 0ET
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
1
Supplier Name

PJT PARTNERS (UK

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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