--- title: "RPF2024 (Supplier Engagement)" ocid: "ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935.json" source: "Contracts Finder" current_stage: "Tender" buyer: "BANK OF ENGLAND" published: "2022-12-21" --- # RPF2024 (Supplier Engagement) Buyer: BANK OF ENGLAND Current stage: Tender OCID: ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935.json) ## Summary The Bank of England is planning an open tender in 2023 for its Resolution Advisory Services Framework Agreement (RPF2024), split across 5 lots. The framework aims to appoint advisors for resolution planning and RAF work, such as financial advice, restructuring, and insolvency. Interested suppliers can participate in a market engagement event in January 2023. The estimated contract value is GBP 20 million, with a tender deadline of January 18, 2023, and a contract period from July 11, 2023, to July 10, 2027. This tender opportunity by the Bank of England presents a chance for businesses in financial consultancy, economic impact assessment, and business consultancy sectors to compete. Small and medium-sized enterprises (SMEs) are particularly well-suited for this opportunity. The open procedure and non-exclusive basis of the framework agreement offer potential for growth to successful bidders called upon by the Bank throughout the contract period. ## Notice The Bank of England ('the Bank') is looking to conduct an open tender procedure in 2023 for the re-tender of its Resolution Advisory Services Framework Agreement ("RPF2024") and is planning to tender for a 4-year framework agreement split across the following 5 lots: - Lot 1 - Financial advice and valuation analysis; - Lot 2 - Restructuring and insolvency; - Lot 3 - Corporate financial advisory; - Lot 4 - Operational review and analysis; and - Lot 5 - Resolution delivery support. The RPF is the Bank's framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework (RAF). The Bank may seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support). The RPF represents the outcome of an initial competition to pre-select an appropriate panel of Advisors for the aforementioned work. This PIN is intended to obtain expressions of interest from market suppliers in relation to the described services. The Bank would like to invite interested suppliers to participate in an upcoming market engagement event (taking place in W/C 23 January 2023). In order to register your interest for this opportunity, and participate in the event, please contact the Bank's procurement team via the dialogue functionality on the Bank's eTendering portal Proactis. https://supplierlive.proactisp2p.com/Account/Login Further information relating to the services and the planned event will be shared with those suppliers who register their interest to the Bank's procurement team. Please note: this framework agreement would be awarded on a non-exclusive and non-commitment basis and the estimated contract value is only payable for services called upon by the Bank throughout the life of the framework. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9d597c53-aca6-4e80-a1d6-4b82fc4b7b8c | | Notice type | Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 21 Dec 2022 | | Submission deadline | 18 Jan 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 10 Jul 2023 - 10 Jul 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £20,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | BANK OF ENGLAND | | Locality | LONDON | | Post town | Central London | | Postcode | EC2R 8AH | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | City of London | | Electoral ward | Walbrook | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 66171000 - Financial consultancy services - 79311410 - Economic impact assessment - 79400000 - Business and management consultancy and related services ## Release History - 21 Dec 2022 at 09:41 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9d597c53-aca6-4e80-a1d6-4b82fc4b7b8c - 19 Dec 2022 at 09:50 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9d597c53-aca6-4e80-a1d6-4b82fc4b7b8c ## Documents - https://www.contractsfinder.service.gov.uk/Notice/9d597c53-aca6-4e80-a1d6-4b82fc4b7b8c 21st December 2022 - Opportunity notice on Contracts Finder - https://supplierlive.proactisp2p.com/Account/Login Supplier Network Login Page ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1272abcd-bed4-4228-834c-4a9d502af935.json.