Award

Commercial Advisory Support

HIGHLANDS AND ISLANDS ENTERPRISE

This public procurement record has 1 release in its history.

Summary of the contracting process

Highlands and Islands Enterprise has completed a public procurement process for the "Commercial Advisory Support" project aimed at facilitating the delivery of the UK's first vertical launch spaceport, funded by the UK Space Agency (UKSA). The procurement method used was an open procedure, which resulted in the award being granted to Ernst & Young LLP. The contract, valued at £100,000, was signed on 13 June 2019, and the service is expected to run from March 2019 until December 2020, based in North Sutherland, UK.

This tender presents significant growth opportunities for businesses specialising in management consultancy services, particularly those with expertise in finance and commercial advisory to the aerospace sector. The engagement involves facilitating financial assessments, business case preparation, and ongoing advice related to the spaceport project, making it suitable for firms with capabilities in public sector projects, strategic consultancy, and financial management within emerging industries.

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Notice Title

Commercial Advisory Support

Notice Description

This is a Contract Award Notice and as such the procurement process has now ended. HIE is tasked with the delivery of the first UK Space Agency (UKSA) funded vertical launch spaceport in the UK. In order to deliver this ambitious project HIE have procured external professional support to assist with the commercial aspects of proposed spaceport in North Sutherland.

Lot Information

Lot 1

The key outputs expected from this contract are as follows: 1.Facilitating, managing and delivering options appraisal for procurement of the LSO 2.Advise and support preparation of Full Business Case 3.Provide ongoing financial/commercial advise as required by the project. It is expected that these services will be required from March 2019 until December 2020, unless terminated in accordance with the provisions of the Contract.

Options: HIE reserves the right, on giving reasonable written notice from time to time, to require changes to the Services as detailed in the Terms and Conditions. HIE shall not require any such change/s other than where it is permitted by Regulation 72 of the Public Contracts (Scotland) Regulations 2015.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000587539
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG362612
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
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

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


CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
8 Aug 20196 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Jun 20196 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

Contracting Authority (Buyer)

Main Buyer
HIGHLANDS AND ISLANDS ENTERPRISE
Contact Name
Not specified
Contact Email
hieprocurement@hient.co.uk
Contact Phone
+44 1463245245

Buyer Location

Locality
INVERNESS
Postcode
IV2 5NA
Post Town
Inverness
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM6 Highlands and Islands

Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG362612
    Commercial Advisory Support - This is a Contract Award Notice and as such the procurement process has now ended. HIE is tasked with the delivery of the first UK Space Agency (UKSA) funded vertical launch spaceport in the UK. In order to deliver this ambitious project HIE have procured external professional support to assist with the commercial aspects of proposed spaceport in North Sutherland.

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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