Award

Management Consultancy - Strategic Financial and Contingency Planning

THE UNIVERSITY OF KENT

This public procurement record has 2 releases in its history.

Award

28 Jul 2025 at 13:15

UK6 - Contract Award Notice
Award

28 Jul 2025 at 13:06

UK5 - Transparency Notice
Summary of the contracting process

The University of Kent has engaged in a direct procurement process to award a contract for management consultancy services, specifically in strategic financial and contingency planning. This process falls under the services category and is identified by tender ID 25-025. The procurement was directly awarded to Extrashare Ltd, recognising their previous experience and institutional knowledge, which is critical for seamless service provision. The contract has a total value of £691,200 including VAT and will commence on 8 August 2025, lasting until 31 July 2027. The procurement process is in its award stage, with a notice published on 28 July 2025, and the standstill period concluding by 7 August 2025. This project is to be delivered within the UKJ4 region, ensuring localised expertise and implementation.

This contract presents substantial opportunities for Extrashare Ltd, a small to medium-sized enterprise, to further cement its position as a key player in the financial consultancy space within the UK higher education sector. The direct award, driven by technical and continuity requirements, underscores the importance of building strong stakeholder relationships and specialist expertise. Other businesses aiming to compete in similar tenders should focus on establishing robust industry knowledge, proven service delivery, and developing strategic alliances with public sector entities to enhance their competitive advantage.

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Notice Information

Notice Title

Management Consultancy - Strategic Financial and Contingency Planning

Notice Description

Provision of specialist technical and commercial advisory services relating to financial matters. PS691,200 inc VAT

Procurement Information

Extrashare have previously provided financial advisory services to the University, and have a high degree of institutional and sector knowledge, combined with availability and good working relationships with stakeholders. This continuity of knowledge and working relationships at a critical time without any substantial interruption is necessary to maximise the best likely outcome for the institution.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-056720
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/043492-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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
£691,200 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20256 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
23 Jul 20257 months ago
Contract Period
7 Aug 2025 - 31 Jul 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE UNIVERSITY OF KENT
Contact Name
Not specified
Contact Email
procurement@kent.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
CANTERBURY
Postcode
CT2 7NZ
Post Town
Canterbury
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ44 East Kent
Delivery Location
Not specified
Local Authority
Canterbury
Electoral Ward
Blean Forest
Westminster Constituency
Canterbury

Supplier Information

Number of Suppliers
1
Supplier Name

EXTRASHARE

Further Information

Notice Documents

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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