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Finance Consultancy

University of Ulster

This public procurement record has 1 release in its history.

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01 Jun 2022 at 10:44

Award Notice
Summary of the contracting process

The University of Ulster, located in Coleraine, is at the finalised stage of procurement for a Finance Consultancy contract, which is part of the RM6187 framework. The contract has an anticipated spend of approximately £173,400 over its duration, starting from 20 June 2022, with an initial period of two years and the option to extend until 23 August 2025. This procurement was undertaken through an open procedure under the Public Contract Regulations 2015, and the contract was awarded on 30 May 2022.

This tender presents significant opportunities for businesses specialising in finance and management consultancy services, particularly those with expertise in financial management, budget control, and economic assessments. Small and medium-sized enterprises (SMEs) as well as larger firms may find this contract suitable, especially those experienced with public sector clients and capable of evolving services to meet changing organisational needs. The ongoing development at the University could lead to further consultancy opportunities in the future, making it an appealing avenue for potential suppliers.

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Notice Information

Notice Title

Finance Consultancy

Notice Description

Finance Consultancy

Lot Information

Lot 1

The University is currently going through a period of change with new senior management at the helm. A new strategic plan is currently being developed and our approach within Finance is evolving to align. We are also taking the opportunity to look at our teams across the sections within Finance to redesign and improve services we provide. This will be an ongoing process over the next few years as we adapt each of our sections to meet the needs of stakeholders. The initial area for development is Management Accounts. The team currently provides professional financial management support service to the four faculties and professional services departments within the University. Services provided include preparing the financial forecasts, controlling the budget setting process, providing financial management information and assisting with preparation of business plans and economic appraisals. Additional information: This Call -off Contract was awarded as a Direct Award under CCS - Management Consultancy Framework (MCF3) RM6197 - Lot 4 Finance

Options: Call off Contract - starts from 20 June 2022 for an initial period of 2 years to 19 June 2024. With option to extend out to end of framework agreement (23 August 2025)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034274
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015310-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79210000 - Accounting and auditing services

79311400 - Economic research services

79311410 - Economic impact assessment

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£173,400 £100K-£500K

Notice Dates

Publication Date
1 Jun 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 May 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Ulster
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
COLERAINE
Postcode
BT52 1SA
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN0C Causeway Coast and Glens
Delivery Location
TLN0 Northern Ireland
Local Authority
Causeway Coast and Glens
Electoral Ward
University
Westminster Constituency
East Londonderry

Supplier Information

Number of Suppliers
1
Supplier Name

KOSI Corporation Ltd

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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