Planning

RPF2024 (Supplier Engagement)

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

19 Dec 2022 at 09:47

Summary of the contracting process

The Bank of England is planning to conduct an open tender procedure in 2023 for the re-tender of its Resolution Advisory Services Framework Agreement (RPF2024) split into five lots: Financial advice and valuation analysis, Restructuring and insolvency, Corporate financial advisory, Operational review and analysis, and Resolution delivery support. The Bank may seek advisory support for resolution planning work under the Resolvability Assessment Framework (RAF) and to ensure firms have capabilities for a resolution. The estimated contract value is £20 million GBP, with a market engagement event planned for W/C 23 January 2023, and a future notice date set for 13 February 2023. The Bank of England, based in London, is the buying organisation governing by public law.

This upcoming tender by the Bank of England for the Resolution Advisory Services Framework Agreement presents a significant business opportunity for firms providing business and management consultancy services. Businesses specialising in financial advice, restructuring, corporate financial advisory, operational review, and resolution support are well-suited to compete. Interested suppliers can register their interest via the Bank's eTendering portal to participate in the market engagement event and potentially secure a non-exclusive framework agreement with the Bank. The procurement stage is in the planning phase, offering businesses time to prepare their bids before the formal tender process commences in 2023.

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Notice Title

RPF2024 (Supplier Engagement)

Notice Description

The Bank of England ('the Bank') is looking to conduct an open tender procedure in 2023 for the re-tender of its Resolution Advisory Services Framework Agreement ("RPF2024") and is planning to tender for a 4-year framework agreement split across the following 5 lots: - Lot 1 - Financial advice and valuation analysis; - Lot 2 - Restructuring and insolvency; - Lot 3 - Corporate financial advisory; - Lot 4 - Operational review and analysis; and - Lot 5 - Resolution delivery support. The RPF is the Bank's framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework (RAF). The Bank may seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support). The RPF represents the outcome of an initial competition to pre-select an appropriate panel of Advisors for the aforementioned work.

Lot Information

Please see "Short Description" for Lot information.

This PIN is intended to obtain expressions of interest from market suppliers in relation to the described services. The Bank would like to invite interested suppliers to participate in an upcoming market engagement event (taking place in W/C 23 January 2023). In order to register your interest for this opportunity, and participate in the event, please contact the Bank's procurement team via the dialogue functionality on the Bank's eTendering portal Proactis. https://supplierlive.proactisp2p.com/Account/Login Further information relating to the services and the planned event will be shared with those suppliers who register their interest to the Bank's procurement team. Please note: this framework agreement would be awarded on a non-exclusive and non-commitment basis and the estimated contract value is only payable for services called upon by the Bank throughout the life of the framework.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039242
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035785-2022
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
£20,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
19 Dec 20223 years ago
Submission Deadline
Not specified
Future Notice Date
13 Feb 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Chloe Ludlow-Gomm
Contact Email
chloe.ludlow-gomm@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central 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
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

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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