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Tender for an Executive Search Partner

Development Bank of Wales

This public procurement record has 1 release in its history.

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16 Oct 2026 at 11:04

UK7 - Contract Details Notice
Summary of the contracting process

The Development Bank of Wales appointed an executive search partner to support recruitment of a new Chief Financial Officer. This is a specialist recruitment services requirement, focused on senior-level search and appointment rather than general staffing. The work supports the Bank’s leadership recruitment and is associated with the United Kingdom. The procurement was organised by the Development Bank of Wales, based in Cardiff, and covered a single lot. It provides a clear example of the Bank engaging an external search firm for a senior executive appointment.

The procurement is complete and the contract was awarded to IRG Advisors LLP, trading as Odgers. The Bank used a limited competition below the applicable threshold. The contract was signed on 13 October 2026 and runs from 13 October 2026 to 31 January 2027. Its value is £39,000 excluding VAT and £46,800 including VAT. The award is active and covers one lot. The procurement description identifies support for appointing a new Chief Financial Officer, but the published process information does not state the scoring criteria or explain how tenders were evaluated.

For a supplier seeking comparable work with the Development Bank of Wales, this award indicates demand for executive search expertise focused on senior finance leadership. A credible competitor would need to demonstrate a strong track record in identifying, assessing and presenting candidates for Chief Financial Officer roles, along with the capacity to manage a focused executive search for a public-sector financial institution. The buyer used a limited competition, so familiarity with responding to restricted approaches and presenting a clear, tailored search methodology would be relevant. The contract was modest in scale and short in duration, favouring a supplier able to deliver a concentrated recruitment assignment rather than a large, ongoing staffing programme.

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Notice Information

Notice Title

Tender for an Executive Search Partner

Notice Description

The Development Bank of Wales ("DBW") invited Tenderers to submit a tender for the appointment of an Executive Search Partner to support the recruitment of a new Chief Financial Officer ("CFO").

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-07893e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/097811-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
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

79600000 - Recruitment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£39,000 Under £100K

Notice Dates

Publication Date
16 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
13 Oct 2026 - 31 Jan 2027 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

IRG Advisors LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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