Award

CPU 7465 Finance Audit Review - Phase 2

NOTTINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

09 May 2025 at 15:08

Award Notice
Summary of the contracting process

Nottingham City Council has completed the procurement process for its finance audit review, titled "CPU 7465 Finance Audit Review - Phase 2." This initiative focuses on financial consultancy services, aimed at addressing critical areas identified in the Phase 1 diagnostic. The procurement method used was limited, driven by extreme urgency brought about by unforeseen events, and the contract was awarded directly through the ESPO Framework Agreement. The tender sought a 'turnaround team' for their financial recovery, and was awarded to CIPFA C.CO LTD with a contract value of £330,000. The contract signing date was 19 March 2025, and the services are to be delivered in Nottingham, UKF14 region. The procurement category is services, highlighting the financial consultancy sector.

This tender presents significant opportunities for businesses specialising in financial consultancy and audit services, particularly those equipped to manage urgent and complex financial recovery tasks. Small and medium-sized enterprises, like CIPFA C.CO LTD, that possess expertise in creating financial turnaround strategies may find this sector promising for collaboration with regional authorities. The limited procurement method and direct award process suggest a streamlined approach that prioritises swift engagement with qualified service providers, offering unique avenues for growth in public sector contracting. Businesses with the capability to respond to pressing financial needs and those located within or with operations in the UKF14 region could benefit considerably from such partnerships.

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Notice Information

Notice Title

CPU 7465 Finance Audit Review - Phase 2

Notice Description

Following on from the Phase 1 diagnostic and subsequent discussion with the CFO and Commissioners, the Council needs a 'turnaround team' to address the key areas.

Lot Information

Lot 1

Following on from the Phase 1 diagnostic and subsequent discussion with the CFO and Commissioners, the Council needs a 'turnaround team' to address the key areas.

Procurement Information

Commissioning of this work was required urgently in relation to the financial recovery position of the authority so a direct award was completed using ESPO Framework Agreement (reference 664_21 - Lot 2a)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051005
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020171-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£330,000 £100K-£500K

Notice Dates

Publication Date
9 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Mar 202511 months 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
NOTTINGHAM CITY COUNCIL
Contact Name
Babatunde Olusanya
Contact Email
babatunde.olusanya@nottinghamcity.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NOTTINGHAM
Postcode
NG2 3NG
Post Town
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
TLF14 Nottingham
Local Authority
Nottingham
Electoral Ward
Castle
Westminster Constituency
Nottingham East

Supplier Information

Number of Suppliers
1
Supplier Name

CIPFA C.CO

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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