--- title: "Independent expertise to undertake due diligence on Solent LEP capital investments" ocid: "ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82.json" source: "Contracts Finder" current_stage: "Tender" buyer: "PORTSMOUTH CITY COUNCIL" published: "2019-06-14" --- # Independent expertise to undertake due diligence on Solent LEP capital investments Buyer: PORTSMOUTH CITY COUNCIL Current stage: Tender OCID: ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82.json) ## Summary The Portsmouth City Council, acting on behalf of the Solent Local Enterprise Partnership, is currently seeking expressions of interest for the tender titled "Independent expertise to undertake due diligence on Solent LEP capital investments". This procurement, classified under business and management consultancy services, is located in Portsmouth, Hampshire. The procurement method is open, with an estimated contract value of £500,000. The tender period is set to close on 15th July 2019, while the contract is expected to commence on 26th August 2019 and will last until 31st March 2021, with possible extensions subject to agreement. This opportunity presents a significant chance for businesses specialising in consultancy services, particularly those with expertise in financial analysis, project prioritisation, and compliance with government guidelines. Companies that fit the small and medium-sized enterprise (SME) profile could particularly benefit from competing in this tender, as two to three consultants will be established within a framework, allowing for collaborative engagement and sharing of workloads. This can lead to long-term relationships and potential follow-on work as funding calls are promoted by the Solent LEP. ## Notice Portsmouth City Council (the Council) on behalf of the Solent Local Enterprise Partnership (Solent LEP) is inviting expressions of interest from suitably qualified and experienced consultants to tender for this project. The scope of which will comprise of but may not be limited to providing independent expert due diligence on applications to the Solent LEP for capital investment. This expertise will need to provide independent advice and recommendations to the Solent LEP Board, or its designated sub-panel, in the form of clear and concise reports that are agreed with the Solent LEP and cover: o Compliance with relevant fund guidance o Compliance with HM Treasury Green Book guidance, where appropriate o Compliance with Office of Government Commerce (OGC) Gateway Review o Prioritisation of projects seeking funding o Consideration of State Aid o Advice on the financial proposition of the proposal In addition, the successful consultant will need to provide support to the Solent LEP when promoting funding calls, including advice in relation to completing applications. The object of this procurement exercise is to establish a framework of three consultants. The highest ranking consultant will undertake all due diligence work for the Solent LEP. Remaining framework consultants will be utilised on ranked basis in times of reduced capacity or in the event of a conflict of interest that precludes due diligence with the primary consultant. The initial term of the contract with the highest ranked consultant will expire on 31st March 2021, with the possibility of extending the term to a maximum term of five years, in increments to be agreed and subject to the agreement and performance of both parties. The estimated value of this framework is ?500,000. The closing date for receipt of your expression of interest is given against the heading entitled - Date documents can be requested until. Additional information: Portsmouth City Council is currently in the process of seeking expressions of interest for the following project - Independent expertise to undertake due diligence on Solent LEP capital investments. The full details and ability to express an interest will be via our e-sourcing system Intend. This filepath will take you to the relevant area of Intend, https://in-tendhost.co.uk/portsmouthcc/aspx/Tenders/Current Once on the page you can either scroll down or use the search function to find the relevant project. Should you have any problems with the above link, please contact us on 023 9268 8235 or email: procurement@portsmouthcc.gov.uk Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d45183fd-9ad6-4e61-9c2e-fdc8dd544dde | | Notice type | Tender Notice | | Procurement type | Standard | | 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 | 14 Jun 2019 | | Submission deadline | 15 Jul 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 25 Aug 2019 - 31 Mar 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £500,000 | | 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 | PORTSMOUTH CITY COUNCIL | | Locality | HAMPSHIRE | | Post town | Portsmouth | | Postcode | PO1 2BJ | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ3 Hampshire and Isle of Wight | | ITL 3 | TLJ31 Portsmouth | | Local authority | Portsmouth | | Electoral ward | Charles Dickens | | Westminster constituency | Portsmouth South | | Delivery location | TLJ South East (England) | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79210000 - Accounting and auditing services - 79400000 - Business and management consultancy and related services - 79410000 - Business and management consultancy services ## Release History - 14 Jun 2019 at 10:23 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d45183fd-9ad6-4e61-9c2e-fdc8dd544dde - 14 Jun 2019 at 10:20 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d45183fd-9ad6-4e61-9c2e-fdc8dd544dde - 14 Jun 2019 at 10:20 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d45183fd-9ad6-4e61-9c2e-fdc8dd544dde - 14 Jun 2019 at 08:49 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d45183fd-9ad6-4e61-9c2e-fdc8dd544dde ## Documents - https://www.contractsfinder.service.gov.uk/Notice/d45183fd-9ad6-4e61-9c2e-fdc8dd544dde 14th June 2019 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/portsmouthcc/aspx/ Additional information on how to apply for this contract ## Notice URLs - https://in-tendhost.co.uk/portsmouthcc/aspx/Tenders/Current ## 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-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5085bcb9-3d8a-4077-a5f6-9bbe6ddfca82.json.