This public procurement record has 1 release in its history.

Planning

09 Mar 2023 at 13:38

Summary of the contracting process

The Crown Commercial Service is planning a procurement process for the provision of Asset Finance Advisory Services. This opportunity is aimed at Central Government Departments and other UK Public Sector Bodies, offering advisory services to support asset acquisition aims. The contract is valued at £600 million GBP and is categorised under financial leasing services. The procurement stage is currently at the planning phase, with a future notice date set for August 31, 2023. Interested parties can participate in market engagement by providing feedback to assetfinance@crowncommercial.gov.uk.

This tender for Asset Finance Advisory Services presents opportunities for businesses specializing in financial leasing services, portfolio management services, financial consultancy services, and procurement consultancy services. Companies with expertise in providing options appraisal, end-to-end advisory and sourcing of funds, and portfolio review services would be well-suited to compete in this procurement process. The Crown Commercial Service will require bidders to be Cyber Essentials certified or equivalent for services related to this procurement. Interested businesses are advised to monitor the release of ITT documents on the new UK Find a Tender Service for further details.

How relevant is this notice?

Notice Title

Asset Finance Advisory Services

Notice Description

Crown Commercial Service (CCS) as the Authority intends to put in place a Pan Government Collaborative Agreement for the provision of asset finance advisory services to be utilised by Central Government Departments and all other UK Public Sector Bodies, including Local Authorities, Health, Police, Fire and Rescue, Education and Devolved Administrations. [It is intended that this commercial agreement will be the recommended vehicle for all asset finance advisory services required by UK Central Government Departments.] This is a reprocurement of the existing RM6146 Leasing Advisory Services framework and will consist of one lot, offering three core services. Asset Finance Advisory Services offers advisory services to support the customer with their asset acquisition aims. The three services available are: * Options appraisal * End-to-end advisory and sourcing of funds (E2E) * Portfolio review This framework is part of a twin-agreement solution and is supported by a separate Dynamic Purchasing System (DPS): RM6120 Leasing and Loan Finance DPS. The supporting DPS. This framework is part of a twin-agreement solution which is supported by a separate funding platform which operates via a live dynamic purchasing system: RM6120 Leasing and Loan Finance DPS. The DPS provides direct access to lenders, offering a range of leasing arrangements and loans. The two solutions can be used independently or jointly to achieve significant commercial benefits through tailored competitive finance.

Lot Information

Lot 1

Asset Finance Advisory Services The current Leasing Advisory Services framework exists primarily to make Asset Finance easier to use for public sector bodies. The advisory element allows customers to ensure they're getting sound independent specialist advice that is in their best interests and not tied to any other factors. Suggested Use Cases - Options Appraisal - Pure advisory service for 'How' a customer should acquire their desired asset. Supplier should be able to advise on Term and Acquisition Mode offered on RM6120 (Hire Purchase, Ops Lease, Finance Lease, Asset Secured Load, Sales and Leaseback) - Options Appraisal with running of procurement on RM6120 - Advisory service supported by running of procurement (RM6120) on behalf of customer. - Portfolio Review - Review of existing book of leasing and loans held by customer to identify and materialise benefits. The E2E sourcing element allows customers to source the assets in a way that makes best financial sense to them based on the advice they received during the options appraisal phase. The E2E/outsourcing feature removes barriers to using the DPS stemming from a lack of resource/understanding. The solution allows customers access to qualified independent advisory tailored to their needs, together with a seamless and simple process for the sourcing of funds using the E2E service. Advisors can be instructed to carry out both phases using Direct Award (subject to spend thresholds) or via Further Competition.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03b0ee
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006902-2023
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Dynamic
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

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

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


CPV Codes

66114000 - Financial leasing services

66140000 - Portfolio management services

66171000 - Financial consultancy services

66190000 - Loan brokerage services

71241000 - Feasibility study, advisory service, analysis

79418000 - Procurement consultancy services

Notice Value(s)

Tender Value
£600,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20233 years ago
Submission Deadline
Not specified
Future Notice Date
31 Aug 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
The Minister for the Cabinet Office acting through Crown Commercial Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Postcode Area
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified

Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Open Contracting Data Standard (OCDS)

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