---
title: "Income Generation"
ocid: "ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOLVERHAMPTON CITY COUNCIL"
published: "2018-03-27"
---

# Income Generation

Buyer: WOLVERHAMPTON CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b

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## Summary

The Wolverhampton City Council is seeking proposals for its "Income Generation" project, which is aimed at addressing financial constraints while continuing to deliver the city’s priorities. This procurement falls under the services industry category, specifically financial consultancy and related services. The procurement process is currently in the Award stage, with the contract expected to run from 1st February 2016 to 29th April 2016. The tender, initially published on 22nd December 2015, carries a contract value of £90,000 and was conducted using an open procurement method.

This tender presents a significant opportunity for businesses specialising in financial consultancy and income generation strategies, particularly those equipped to navigate the challenges of public sector financial management. Companies with innovative approaches to income optimisation and those experienced in public sector contracts would be particularly well-suited to compete for this engagement. Ultimately, successful bidders will play a critical role in helping the Council establish new income streams and improve its financial sustainability.

## Notice

The medium term financial constraints for the City of Wolverhampton Council present the organisation with significant challenges in continuing to deliver priorities for the City. Over previous years the Council has successfully managed to shape and size services to maintain delivery of priorities within budget. However; this is getting increasingly difficult to achieve and there is a need for the Council to optimise the level of income it generates. The Council is of the view that not only can income be a crucial factor in helping to close the budget gap in both the short and medium term, it will also help to foster a new relationship with citizens and communities, and users of services. The Council has undertaken reviews of its income work streams over previous years. However given the increasing pressures on budgets, services where it had chosen not to charge for the full cost of the service are now being analysed more carefully with a view to revising those charging arrangements. The Council is also looking to identify new and creative opportunities for income generation. Therefore, as part of the diagnostic, this work needs to generate options for the Council to consider for how it can optimise and implement potential opportunities for new income streams. The Council is therefore now looking to undertake a Council wide analysis of fees and charges income and broader income generating opportunities with a view to maximising that income.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/03ffee71-ef81-4fb0-9887-99bb224aaf19 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Mar 2018 |
| Submission deadline | 15 Jan 2016 |
| Future notice date | Not specified |
| Award date | 12 May 2016 |
| Contract period | 31 May 2016 - 31 Aug 2016 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £90,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| 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 | WOLVERHAMPTON CITY COUNCIL |
| Locality | WOLVERHAMPTON |
| Post town | Wolverhampton |
| Postcode | WV1 1RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG39 Wolverhampton |
| Local authority | Wolverhampton |
| Electoral ward | St Peters |
| Westminster constituency | Wolverhampton West |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GRANT THORNTON |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services

## Release History

- 27 Mar 2018 at 11:47 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/03ffee71-ef81-4fb0-9887-99bb224aaf19
- 18 Nov 2016 at 20:15 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/fcd06cfa-b238-4da0-bf4c-0e47164bf7e9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/03ffee71-ef81-4fb0-9887-99bb224aaf19
  27th March 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/fcd06cfa-b238-4da0-bf4c-0e47164bf7e9
  22nd December 2015 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/4e3956c4-127b-4c3c-96d1-bd7a64e7cefe
  Specification
- http://www.wolverhamptontenders.com
  E-tendering Portal
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/3396ecfd-e2f5-44b7-b25c-43f69b527422
  Specification

## 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-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-226ce812-adc9-11e6-9901-0019b9f3037b.json.