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Financial Due Diligence

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

22 May 2019 at 01:00

PCS Notice - Website Contract Award Notice
Tender

22 Oct 2018 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The Scottish Enterprise is seeking to engage a private sector partner for its "Financial Due Diligence" procurement process. This initiative falls under the services industry category and is aimed at exploring opportunities for up to five pilot projects, which involve financial assessments of both SE-owned sites and private sector initiatives potentially financed through flexible loan arrangements. The tender period for submissions ended on 5th November 2018, with the framework intended to start on 20th November 2018 for an initial duration of 11 months, extending an additional 6 months if required. The overall value of the contract stands at £125,000.

This procurement presents significant opportunities for businesses specialising in financial advisory services, particularly those with experience in conducting thorough financial due diligence and assessments related to capital financing. Companies that are capable of demonstrating a robust track record in delivering similar projects and have the necessary financial risk management strategies in place would be well-positioned to compete for this contract. Additionally, firms committed to contributing to community benefits as expected by Scottish Enterprise will stand out in the tendering process.

How relevant is this notice?

Notice Information

Notice Title

Financial Due Diligence

Notice Description

SE awarded a framework to explore opportunities with a number of pilot projects (up to five) to inject FTC. These pilot projects comprise a number of SE owned sites for which it is seeking a private sector partner and projects initiated by the private sector which might be financed through FTC through either, equity or loan. SE is now seeking to appoint Financial Advisers to assist in undertaking financial due diligence on the viability of these proposed projects and assessments on the suitability of applicants that will be in receipt of FTC monies. It is anticipated that the framework will commence on the 20th of November 2018 for a period of 11 months, with the option to extend for a further 6 months.

Lot Information

Lot 1

SE awarded a framework to explore opportunities with a number of pilot projects (up to five) to inject FTC. These pilot projects comprise a number of SE owned sites for which it is seeking a private sector partner and projects initiated by the private sector which might be financed through FTC through either, equity or loan. SE is now seeking to appoint Financial Advisers to assist in undertaking financial due diligence on the viability of these proposed projects and assessments on the suitability of applicants that will be in receipt of FTC monies. It is anticipated that the framework will commence on the 20th of November 2018 for a period of 11 months, with the option to extend for a further 6 months.

Renewal: This framework will be put in place for 11 months and Scottish Enterprise has the option to extend for a further period of 6 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000561709
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY354793
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award 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

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£125,000 £100K-£500K
Lots Value
£125,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£125,000 £100K-£500K

Notice Dates

Publication Date
22 May 20197 years ago
Submission Deadline
5 Nov 2018Expired
Future Notice Date
Not specified
Award Date
19 Nov 20187 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

French Duncan LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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