Award

Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers

OFFICE FOR STUDENTS

This public procurement record has 2 releases in its history.

Award

11 Dec 2024 at 12:05

Tender

29 Jul 2024 at 15:05

Summary of the contracting process

The Office for Students (OfS) has awarded a contract titled "Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers" under the industry category of Financial management consultancy services. The procurement, valued at £4,000,000, involves undertaking assessments of the financial health and management capabilities of higher education providers in the Gloucestershire, Wiltshire, and Bristol/Bath areas. The procurement process was an open procedure, and the contract was signed on 10th December 2024. The procurement stage is complete, with renowned consultancy firms PricewaterhouseCoopers LLP, BDO LLP, KPMG LLP, Teneo Financial Advisory Limited, and Deloitte LLP being awarded the contract.

This tender presents significant opportunities for businesses specialising in financial risk management and consultancy, particularly those adept at evaluating and planning transformation in higher education institutions. Small and medium-sized enterprises (SMEs) were encouraged to participate. The awarded framework seeks suppliers capable of delivering high-quality evaluations and strategic planning, ensuring the stability and sustainability of the higher education sector. Businesses with expertise in financial management, governance capability evaluations, and those able to propose robust, actionable plans for financial transitions and market exits are well-suited to such opportunities. The engagement can substantially enhance market reputation and open avenues for future public sector contracts.

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Notice Title

Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers

Notice Description

The OfS is seeking to procure capacity to undertake financial risk and transformation planning assessments of HE providers. The objective is to evaluate the financial health and the management and governance capability of HE providers to ensure that the interests of students are safeguarded throughout any financial adjustments or transition, including potential market exits. Suppliers will be expected to deliver high quality evaluations that support the OfS in maintaining a robust and sustainable HE sector. Potential suppliers will be asked to set out an example roadmap and delivery plan for a case study as part of the framework tendering process. The OfS intends to award a framework of suppliers.

Lot Information

Lot 1

The OfS is seeking to procure capacity to undertake financial risk and transformation planning assessments of HE providers. The objective is to evaluate the financial health and the management and governance capability of HE providers to ensure that the interests of students are safeguarded throughout any financial adjustments or transition, including potential market exits. Suppliers will be expected to deliver high quality evaluations that support the OfS in maintaining a robust and sustainable HE sector. Potential suppliers will be asked to set out an example roadmap and delivery plan for a case study as part of the framework tendering process. The OfS intends to award a framework of suppliers

Renewal: 12 month extension period

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04859e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039892-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
£4,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£4,000,000 £1M-£10M

Notice Dates

Publication Date
11 Dec 20241 years ago
Submission Deadline
9 Sep 2024Expired
Future Notice Date
Not specified
Award Date
10 Dec 20241 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

Contracting Authority (Buyer)

Main Buyer
OFFICE FOR STUDENTS
Contact Name
Paul Halsall
Contact Email
procurement@officeforstudents.org.uk
Contact Phone
+44 1179317149

Buyer Location

Locality
BRISTOL
Postcode
BS34 8SR
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK52 Bath & North East Somerset and South Gloucestershire
Delivery Location
TLK1 Gloucestershire, Wiltshire and Bristol/Bath area

Local Authority
South Gloucestershire
Electoral Ward
Stoke Gifford
Westminster Constituency
Filton and Bradley Stoke

Supplier Information

Number of Suppliers
5
Supplier Names

BDO

DELOITTE

KPMG

PRICEWATERHOUSECOOPERS

TENEO FINANCIAL ADVISORY

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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