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Award of Provision of Specialist Financial Advisory Services for CHFS3

Transport Scotland

This public procurement record has 1 release in its history.

Award

16 Jan 2024 at 14:10

PCS Notice - Quick Quote Award
Summary of the contracting process

The Transport Scotland has awarded a contract for the Provision of Specialist Financial Advisory Services for CHFS3. The buying organisation, Transport Scotland, in this tender aims to conduct due diligence to examine legal and financial impacts. The tender falls under the services category and has a tender period from 8th January 2024 to 7th January 2025. Ernst & Young LLP (EY) won the award worth £250,000. The contract was signed on 16th January 2024.

This procurement opportunity provides a chance for businesses specializing in financial advisory services to grow by collaborating with Transport Scotland. Companies offering financial and insurance services would be well-suited to bid for this tender. The involvement of Ernst & Young LLP highlights the potential for growth in providing financial expertise and consultancy services tailored to support the restructuring and governance changes within the scope of the contract.

How relevant is this notice?

Notice Information

Notice Title

Award of Provision of Specialist Financial Advisory Services for CHFS3

Notice Description

A decision by Scottish Cabinet approved a proposal to employ a Teckal exemption to facilitate an in-house direct award to Calmac Ferries Limited subject to a satisfactory due diligence process. The due diligence exercise will examine all potential legal and financial impacts of direct award. The services provided through this contract will form part of the wider due diligence process and will fully examine the financial impacts of required governance changes and any identified restructuring of DML/CFL deemed necessary. The services will be delivered working alongside multidisciplinary teams within Transport Scotland, Scottish Government and CFL.Work packages include to validate and quantify the financial impact of structure changes, to conduct a benchmarking exercise to validate value for money of the proposed costs of the CHFS3 contract and a carry put a wider long term affordability assessment. Further services may be required, as included within the scope of Lot 1 & Lot 2 of the RM6169 framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000751407
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN496549
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Quick Quote Award
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jan 20242 years ago
Submission Deadline
1 Jul 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Transport Scotland
Additional Buyers

Consumer Scotland

East Lothian Council

Education Scotland

NHS Lanarkshire

Perth & Kinross Council

Scottish Government

Social Care and Social Work Improvement Scotland (Care Inspectorate)

West Lothian 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
GLASGOW
Postcode
G1 2AD
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
23
Supplier Names

Ernst & Young LLP

Perth Radio Taxis Limited

SYSTRA LIMITED

Scotgrain Agriculture

Venesky Brown Ltd

Agricultural Plant Hire Ltd

The First Word

Morton Fraser MacRoberts LLP

Harper Macleod LLP

thermo fisher scientific

Harvey Nash

ASA Recruitment

Anderson Specialist Contracting

MPMH Construction Ltd

Sopra Steria Limited

Wolf Laboratories

AQUAWASH LIMITED

Anachem Ltd

Deloitte LLP

elmor Ltd

Yunex Limited

Anderson Strathern LLP

EKOS

Further Information

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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