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SMART Financial Due Diligence Framework

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

02 May 2019 at 01:00

PCS Notice - Website Contract Award Notice
Tender

22 Jan 2019 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

Scottish Enterprise, based in Glasgow, has recently completed the "SMART Financial Due Diligence Framework" procurement process. This framework agreement, valued at £150,000, is designated for providing financial appraisal services under the SMART: Scotland programme, commencing on 1st May 2019 and lasting for an initial three years, with a possible one-year extension. The award came after an open tender procedure, which concluded with the selection of PKF-FPM Accountants Limited as the supplier. Key details include the procurement process having reached the Award stage, with the deadline for final submissions occurring on 18th February 2019.

This framework presents significant opportunities for businesses that specialise in financial appraisal and advisory services, particularly those with expertise in economic development and state aid. SMEs with a history of delivering similar services and the capability to provide thorough financial analyses for projects will be well-positioned to compete for further opportunities under this framework. Additionally, firms offering collaborative solutions or those capable of engaging in joint ventures may find this tender particularly advantageous, given the potential for scalable projects and ongoing demand for due diligence within the framework's scope.

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Notice Information

Notice Title

SMART Financial Due Diligence Framework

Notice Description

This is a CONTRACT AWARD NOTICE, please do not respond. Scottish Enterprise has awarded a framework agreement for the provision of financial appraisal services for SE's SMART: Scotland programme. This framework will be for a period of three years commencing on 1st May 2019. After this time, SE will have the option to extend the framework for a further 12 month period.

Lot Information

Lot 1

The majority of the work will be carried out on SMART Feasibility applications. There is scope for projects out with the SMART: SCOTLAND product to be appraised under this framework should they be required. The appraisal of SMART applications is expected to take no more than 7 hours each. Reports must be completed and returned to SMART: SCOTLAND team within 3 weeks of receipt of the application. The review process is not a prescribed process but it is designed to assess whether the project is deliverable (the company has sufficient funds to support the project and exhibit viability and sustainability) and there is the best chance the economic benefit can be generated by the investment (additionality).

Renewal: The initial duration of the framework is 36 months with Scottish Enterprise having the option to extend for a further 12 month period to a maximum of 18 months as stated above.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000570682
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353148
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79212100 - Financial auditing services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
£150,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£150,000 £100K-£500K

Notice Dates

Publication Date
2 May 20197 years ago
Submission Deadline
18 Feb 2019Expired
Future Notice Date
Not specified
Award Date
5 Apr 20197 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
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

PKF-FPM Accountants Limited

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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