Award

Due Diligence Framework Agreement Lot 1 - Financial Due Diligence

SCOTTISH NATIONAL INVESTMENT BANK

This public procurement record has 2 releases in its history.

Award

26 Mar 2024 at 00:00

Tender

27 Oct 2023 at 00:00

Summary of the contracting process

The Scottish National Investment Bank based in Edinburgh, UK, has awarded a contract for the "Due Diligence Framework Agreement Lot 1 - Financial Due Diligence." The procurement process was initiated as a tender and is now complete. The contract value is £2,000,000 GBP, and it was signed on 1st March 2024. The Bank aims to efficiently procure external support for Due Diligence requirements. The procurement method used was an open procedure for service provision within the economic affairs category.

This tender presents opportunities for businesses, particularly those offering financial due diligence services, to engage with the Scottish National Investment Bank. Companies specialising in economic affairs services can compete for contracts in the services category. Bidders should note the deadline for submission as 30th November 2023. Potential contractors are advised to review the Bank's website for detailed information on the Due Diligence framework agreement and the specific requirements outlined in Lot 1 for financial diligence.

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Notice Title

Due Diligence Framework Agreement Lot 1 - Financial Due Diligence

Notice Description

We are a mission-led development investment bank for Scotland, wholly owned by the Scottish Ministers on behalf of the people of Scotland. We have been established to operate commercially and are operationally independent from government. We invest in Scottish business, projects, and communities to deliver environment, social and financial returns for the people of Scotland. Our missions are at the heart of everything that we do. You can find out more about the Bank and our missions at our website www.thebank.scot. The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required. The requirements are split into four Lots: Lot 1 - Financial Diligence Lot 2 - Model Audit Lot 3 - Tax diligence Lot 4 - Company Valuations This particular Contract notice and tender exercise relates to Lot 1 - Financial Diligence. Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, all published on the same date.

Lot Information

Lot 1

The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required. The requirements are split into four Lots: Lot 1 - Financial Diligence Lot 2 - Model Audit Lot 3 - Tax diligence Lot 4 - Company Valuations This particular tender exercise relates to Lot 1 - Financial Diligence. Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, which were all published on the same date with.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000729135
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501808
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66120000 - Investment banking services and related services

66171000 - Financial consultancy services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,000,000 £1M-£10M

Notice Dates

Publication Date
26 Mar 20241 years ago
Submission Deadline
30 Nov 2023Expired
Future Notice Date
Not specified
Award Date
1 Mar 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
2027

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SCOTTISH NATIONAL INVESTMENT BANK
Contact Name
Not specified
Contact Email
procurement@thebank.scot
Contact Phone
+44 7776549095

Buyer Location

Locality
EDINBURGH
Postcode
EH1 3EG
Post Town
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
TLM Scotland

Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
5
Supplier Names

ANDERSON ANDERSON & BROWN

CHIENE + TAIT

GRANT THORNTON

HENDERSON LOGGIE

INTERPATH ADVISORY

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT491367
    Due Diligence Framework Agreement Lot 1 - Financial Due Diligence - We are a mission-led development investment bank for Scotland, wholly owned by the Scottish Ministers on behalf of the people of Scotland. We have been established to operate commercially and are operationally independent from government. We invest in Scottish business, projects, and communities to deliver environment, social and financial returns for the people of Scotland. Our missions are at the heart of everything that we do. You can find out more about the Bank and our missions at our website www.thebank.scot. The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required. The requirements are split into four Lots: Lot 1 - Financial Diligence Lot 2 - Model Audit Lot 3 - Tax diligence Lot 4 - Company Valuations This particular Contract notice and tender exercise relates to Lot 1 - Financial Diligence. Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, all published on the same date.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501808
    Due Diligence Framework Agreement Lot 1 - Financial Due Diligence - We are a mission-led development investment bank for Scotland, wholly owned by the Scottish Ministers on behalf of the people of Scotland. We have been established to operate commercially and are operationally independent from government. We invest in Scottish business, projects, and communities to deliver environment, social and financial returns for the people of Scotland. Our missions are at the heart of everything that we do. You can find out more about the Bank and our missions at our website www.thebank.scot. The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required. The requirements are split into four Lots: Lot 1 - Financial Diligence Lot 2 - Model Audit Lot 3 - Tax diligence Lot 4 - Company Valuations This particular Contract notice and tender exercise relates to Lot 1 - Financial Diligence. Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, all published on the same date.

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