---
title: "UKEF Financial Reporting Changes Phases 3 and 4"
ocid: "ocds-b5fd17-1dec3647-7366-41ef-9cc4-5a85a899e627"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1dec3647-7366-41ef-9cc4-5a85a899e627"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1dec3647-7366-41ef-9cc4-5a85a899e627.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1dec3647-7366-41ef-9cc4-5a85a899e627.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR INTERNATIONAL TRADE"
published: "2021-09-20"
---

# UKEF Financial Reporting Changes Phases 3 and 4

Buyer: DEPARTMENT FOR INTERNATIONAL TRADE  
Current stage: Award  
OCID: ocds-b5fd17-1dec3647-7366-41ef-9cc4-5a85a899e627

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## Summary

The procurement process titled "UKEF Financial Reporting Changes Phases 3 and 4" is initiated by the Department for International Trade (DIT) on behalf of the Department for UK Export Finance (UKEF). This project, classified under the industry category of 'Business services', seeks to contract a Delivery Partner to assist in compliance with IFRS 9 and IFRS 17 standards. The contract is valued at approximately £8.5 million, and the procurement method is a selective process using a framework agreement. The contract period spans from 3rd September 2021 to 3rd September 2024, following a tender period that concluded on 21st June 2021. The procurement is located in the United Kingdom, specifically through a project managed from London.

This tender presents significant opportunities for businesses, particularly those experienced in financial reporting, consulting services, or compliance projects. Companies with a proven track record in managing similar projects and delivering comprehensive support to governmental organisations would be well-suited to compete. Small and medium-sized enterprises (SMEs) are encouraged to participate, making this an accessible opportunity for innovative firms looking to expand their portfolio within the public sector. The project enables potential suppliers to engage with prestigious clients and enhance their visibility in the industry.

## Notice

The Secretary of State for the Department for International Trade (DIT) on behalf of The Department for UK Export Finance (UKEF) (the "Customer"), has a requirement for Financial Reporting Changes - phases 3&4. The full specification is provided with the contract document, but in summary the requirement is for the provision of an experienced Delivery Partner with a broad range of capabilities and experience to assist with a project to ensure compliance with two financial standards IFRS 9 and IFRS 17 (collectively referred to as the Standards). The Delivery Partner will design a programme to help the Customer implement the Standards and then assist the Customer in implementing the programme (the Programme). The contract shall be for a period of 3 years, with the contractual option(s) to extend by a further 12 months. The requirement has an estimated total value of PS8.5m (ex-VAT). Total estimated Year 1 fees will be PS5.6m.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3c519a3e-76c4-4a36-9fbe-6456a6fc6ffb |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Sep 2021 |
| Submission deadline | 21 Jun 2021 |
| Future notice date | Not specified |
| Award date | 2 Sep 2021 |
| Contract period | 2 Sep 2021 - 3 Sep 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £5,600,000 |
| Lots value | Not specified |
| Awards value | £8,500,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR INTERNATIONAL TRADE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2DY |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PRICEWATERHOUSECOOPERS |

## CPV Codes

### Divisions

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

### Codes

- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security

## Release History

- 20 Sep 2021 at 09:59 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3c519a3e-76c4-4a36-9fbe-6456a6fc6ffb

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/3c519a3e-76c4-4a36-9fbe-6456a6fc6ffb
  20th September 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/ef3b616a-7ce4-43ea-a6ba-f8f51f863ecc
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/44dbcbd2-a4c4-4322-b431-822e45c05fba
  n/a

## Provenance

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