Award

Due Diligence Framework Agreement Lot 2 - Model Audit

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 has awarded a contract for the Due Diligence Framework Agreement Lot 2 - Model Audit. The tender process was completed on 26th March 2024. The Bank aims to efficiently procure external support for Due Diligence on potential investments. The contract value is £500,000, and the buying organization is based in Edinburgh, UK. The procurement method used was an open procedure, and the main procurement category is services.

This tender opportunity for the Due Diligence Framework Agreement Lot 2 - Model Audit with the Scottish National Investment Bank provides a chance for businesses specialising in model audits and due diligence services to compete. The procurement stage is complete, and the Bank is currently accepting bids electronically. Interested businesses need to adhere to the specified quality and price criteria for this contract. The opportunity is located in Edinburgh, UK, and falls under the economic affairs industry category.

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Notice Title

Due Diligence Framework Agreement Lot 2 - Model Audit

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 2 - Model Audit. 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 2 - Model Audit. 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-r6ebe6-0000748300
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501809
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

79212100 - Financial auditing services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£500,000 £500K-£1M

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

AZETS

CUBELYNX

GRANT THORNTON

HENDERSON LOGGIE

STEER

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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