Award

Security Legal Support for Refinancing

TAI TARIAN LTD

This public procurement record has 2 releases in its history.

Summary of the contracting process

Tai Tarian Ltd, a public body located in Neath, has concluded the award stage for their procurement titled "Security Legal Support for Refinancing" in the services industry category. The contract entails providing legal advisory and representation services to support the refinancing of existing bank finance. The procurement follows an open method and involved the tendering process starting on 7th December 2023, closing on 21st December 2023. The awarded contract, valued at £219,307, was finalized with Devonshires Solicitors LLP on 1st February 2024.

This procurement presents significant opportunities for legal firms specializing in financial services and refinancing. The successful bidder, Devonshires Solicitors LLP, exemplifies how firms with experience in legal advisory and large-scale financial restructuring can benefit. Other businesses in the legal sector looking to expand their portfolio in public sector contracts should take note of the thorough procurement process and the substantial contract value as a potential avenue for growth and consolidation in this industry.

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Notice Title

Security Legal Support for Refinancing

Notice Description

We are seeking to issue a Contract for the provision of security legal support for refinancing of existing bank finance, to a single Service Provider.Subject to Board approval, Tai Tarian is likely to implement a treasury strategy which is targeting a full refinance of existing bank finance.Please refer to the Invitation to Tender for a full description of the requirements.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-137105
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137105
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79110000 - Legal advisory and representation services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£219,307 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Aug 20241 years ago
Submission Deadline
21 Dec 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
TAI TARIAN LTD
Contact Name
Procurement
Contact Email
procurement@taitarian.co.uk
Contact Phone
+44 1639505890

Buyer Location

Locality
NEATH
Postcode
SA11 2FP
Post Town
Swansea
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL44 Neath Port Talbot
Delivery Location
Not specified

Local Authority
Neath Port Talbot
Electoral Ward
Briton Ferry West
Westminster Constituency
Aberafan Maesteg

Supplier Information

Number of Suppliers
1
Supplier Name

DEVONSHIRES SOLICITORS

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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