Award

Restructuring and Insolvency Services for a Commercial Agreement

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

09 Dec 2024 at 13:58

Summary of the contracting process

The Department for International Trade, located in London, has completed the procurement process for providing expert restructuring and insolvency advice under a commercial agreement. This contract falls under the financial and insurance services category and covers a wide range of delivery locations including the United Kingdom, British Overseas Territories, Channel Islands, Isle of Man, Europe, and other international locations. The procurement process utilised a selective method, specifically a call-off from a framework agreement, with Ernst & Young LLP being awarded the contract. The contract, valued at £500,000, started on 18th November 2024 and will end on 5th February 2025. The award notice was published on 9th December 2024.

This tender provides significant opportunities for businesses specialised in financial and insurance services, particularly those offering restructuring and insolvency solutions. Small and medium-sized enterprises might find this contract particularly attractive due to its acknowledgment of SME suitability. Businesses capable of providing high-quality advisory services within the scope and timeframe of the contract can leverage this opportunity to expand their portfolio and strengthen their presence both domestically and internationally.

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Notice Title

Restructuring and Insolvency Services for a Commercial Agreement

Notice Description

The provision of expert restructuring and insolvency advice for a commercial agreement.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f5065c89-2403-46f3-b6c6-7e023bf229ed
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/966deb10-9b26-4334-85bd-dd554b104716
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

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
9 Dec 20241 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
5 Nov 20241 years ago
Contract Period
18 Nov 2024 - 5 Feb 2025 1-6 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
DEPARTMENT FOR INTERNATIONAL TRADE
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
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
Not specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Open Contracting Data Standard (OCDS)

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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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