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Financial Transactions Programme Support 2020-2021

Scottish Funding Council

This public procurement record has 2 releases in its history.

Award

01 Feb 2021 at 00:00

PCS Notice - Website Contract Award Notice
Tender

18 Aug 2020 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The Scottish Funding Council is currently engaged in the Financial Transactions Programme Support for 2020-2021, an open tender that focuses on providing essential support to the University Financial Transactions Programme. Located in Edinburgh (postcode EH12 5HD), this procurement is in the award stage following the completion of the tender process. The successful bidder, QMPF LLP, has been awarded a contract valued at £105,591, with the contract signed on 15 January 2021. Key activities will include assisting in project selection, monitoring, and reporting, with the procurement initially closing for submissions on 17 September 2020.

This tender presents significant opportunities for businesses, especially those in the services sector with expertise in financial management, project monitoring, and consultancy. Companies that specialise in assessing financial proposals, providing technical expertise, and conducting project evaluations would be well-suited to engage in similar future opportunities. Additionally, firms capable of delivering quarterly updates and annual reporting could greatly benefit from participating in these types of contracts, particularly Small and Medium-sized Enterprises (SMEs) that have demonstrated experience in similar projects.

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Notice Information

Notice Title

Financial Transactions Programme Support 2020-2021

Notice Description

To support the Scottish Funding Council's University Financial Transactions Programme, by: Assisting in the selection and monitoring of projects, and Advising SFC on realistic timescales for the repayment of grant based on savings from the funded projects, and Monitoring and reporting on funded projects.

Lot Information

Lot 1

Objectives To support the Scottish Funding Council's University Financial Transactions Programme, by: Assisting in the selection and monitoring of projects, and Advising SFC on realistic timescales for the repayment of grant based on savings from the funded projects, and Monitoring and reporting on funded projects. Support tasks Support for the programme will involve three broad sets of activities: inviting and assessing proposals; project monitoring, and programme reporting. Inviting and Assessing Proposals The programme support team will help invite and assess proposals by: Communicating the programme opportunity and objectives to Scottish universities; Informing the development of university proposals by, for example, providing best practice examples; Supporting the application process with template forms and supporting documentation; Reviewing all proposals for technical feasibility, ability to implement quickly (including any required planning consents), and return on investment; Participating on an advisory panel to assess and prioritise proposals received; and Working with SFC to communicate the panel's decisions to universities. Project Monitoring The programme support team will undertake the following project monitoring tasks: Establishing standard processes for project monitoring and reporting, involving the receipt of reports from universities at regular intervals; Advising SFC on appropriate timescales for the re-payment of loans based on the projected savings accruing from the funded projects; Ensuring that institutions are measuring savings correctly, so that loans can be repaid within the agreed timeframe; and Monitoring the funded projects and ensuring any progress issues are identified at an early stage. Programme Reporting The programme support team will undertake the following programme reporting tasks: Reporting to SFC on an exceptions basis, flagging up any progress issues as they occur; Working with the universities to produce short case studies on each report for public dissemination; Providing (three) update reports to SFC on the progress of the programme; and Providing a final report to SFC documenting the overall impact of the programme.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000628134
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB405451
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72224000 - Project management consultancy services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£105,591 £100K-£500K

Notice Dates

Publication Date
1 Feb 20215 years ago
Submission Deadline
17 Sep 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Annually in Q2/3

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

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

Buyer Location

Locality
EDINBURGH
Postcode
EH12 5HD
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh West

Supplier Information

Number of Suppliers
1
Supplier Name

QMPF 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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