Award

Framework for The Provision of Commercial Advisors - Order 001

SCOTTISH GOVERNMENT

This public procurement record has 1 release in its history.

Summary of the contracting process

The Scottish Government has awarded a contract for the provision of commercial advisors under the framework "Framework for The Provision of Commercial Advisors - Order 001". The contract is valued at £350,000 GBP and was signed on 18th November 2022. The buying organization is the Scottish Government, located in Livingston, UK. The procurement process has been completed, and the award has been granted to Teneo Restructuring Limited.

This tender opportunity for the provision of commercial advisors in Scotland creates business growth opportunities for service providers with expertise in project management, financial due diligence, and advisory services. Companies specialising in financial consultancy, project coordination, and public finance compliance are well-suited to compete. The procurement method used was an open procedure, focusing on services within the public finance sector.

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Notice Title

Framework for The Provision of Commercial Advisors - Order 001

Notice Description

A Service Provider is required to provide support to the project management and co-ordination of evidence and data required to consider and evaluate due diligence on the financial forecasts as required in the compliance with public expenditure as part of the Scottish Public Finance Manual ("SPFM").

Lot Information

Lot 1

A Service Provider is required to provide support to the project management and co-ordination of evidence and data required to consider and evaluate due diligence on the financial forecasts as required in the compliance with public expenditure as part of the Scottish Public Finance Manual ("SPFM"). They will be required to summarise the options available and provide a conclusion to support officials to produce advice and recommendations for Ministers. Detailed review of a Company's base case financial forecasts to include: - Comment on the robustness of the key assumptions underpinning the Forecasts; - Review of forecasting accuracy with specific comment on the underlying drivers of material cost increases since the previous forecast in March 2022 (note: may not be possible based on information available - to confirm Week 1); - Comment on any risks - Assessment of the impact of the above, any other sensitivities and potential upsides on the Forecasts. - Comment on the potential range of cost outcomes following the sensitivity analysis.. This is a call off from a framework

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000715607
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC465971
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

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


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£350,000 £100K-£500K

Notice Dates

Publication Date
5 Dec 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Nov 20223 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
SCOTTISH GOVERNMENT
Contact Name
Michelle Williamson
Contact Email
building.standards@gov.scot
Contact Phone
Not specified

Buyer Location

Locality
LIVINGSTON
Postcode
EH54 6GA
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM14 West Lothian
Delivery Location
TLM Scotland

Local Authority
West Lothian
Electoral Ward
Livingston South
Westminster Constituency
Livingston

Supplier Information

Number of Suppliers
1
Supplier Name

TENEO RESTRUCTURING

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC465971
    Framework for The Provision of Commercial Advisors - Order 001 - A Service Provider is required to provide support to the project management and co-ordination of evidence and data required to consider and evaluate due diligence on the financial forecasts as required in the compliance with public expenditure as part of the Scottish Public Finance Manual ("SPFM").

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