---
title: "UK SBS PS16030 MEO report for Project Vulcan"
ocid: "ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UK SHARED BUSINESS SERVICES LIMITED"
published: "2018-03-21"
---

# UK SBS PS16030 MEO report for Project Vulcan

Buyer: UK SHARED BUSINESS SERVICES LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b

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## Summary

The procurement process titled "UK SBS PS16030 MEO report for Project Vulcan" was initiated by UK Shared Business Services Limited, focusing on financial consultancy services in London, UK. The tender aimed to engage an advisor to provide a Market Economy Operator (MEO) report assessing financial arrangements between the Government and recipients. The tender period concluded on 4th March 2016, and the contract commenced on 9th March 2016, lasting until 31st March 2016. The estimated value of the contract was £80,000, and the award was announced on 21st March 2016, with Ernst & Young Limited selected as the supplier for this project.

This tender presents significant opportunities for businesses specialising in financial consultancy, particularly those with expertise in evaluating financial transactions against market standards. Small and medium-sized enterprises (SMEs) with capabilities in financial analysis, transaction processing, and accounting software are well-suited to compete for similar contracts, as they can provide tailored insights based on market conditions. Engaging with such procurements can help these businesses expand their client portfolios and enhance their visibility within the public sector.

## Notice

The Department for Business, Innovation and Skills wishes to procure an adviser with appropriate skills, experience and resources to provide an MEO report establishing whether the proposed financing terms are commercial, within a relatively short timeframe. The output will take the form of a report that HMG can rely on to establish that the financing has been provided on commercial terms in line with the MEO principle. The precise timetable for delivery of the outputs will depend on the amount and nature of the information that is available, and will be discussed and agreed with the supplier at the beginning of the engagement. In any event we will expect a final report by the 31st March 2016. The report is to assess the proposed financial arrangement between the Government and the recipient for consistency with the Market Economy Operator Principle (MEO). In order to establish consistency with the MEO test the report will consider: * The extent to which financing could be provided by the private sector on similar terms and comment from the potential private lender perspective (including whether a potential private lender would find these terms acceptable). * The general terms under which the private sector could provide financing in these circumstances and given the position of the recipient in both financial terms (such as rate of interest) as well as non-financial terms and conditions (such as, for example, position in the hierarchy of financial claims, recourse to assets in the instance of insolvency, etc). * How the recipient intends to use the funds provided and whether a third party, such as another creditor, could derive benefits from this financial arrangement over and beyond what would be expected in a commercial transaction on market terms. * Benchmarking the key terms of the proposed financial arrangement (using assumptions which are applicable to all private investors, not just the State) against potential private investors' approach if the latter provided financing in a similar context. An evaluation of the Government's returns under all available options, including the financial position of all creditors in an insolvency situation, the rescheduling of debts, credit forbearance, and the possibility of further investment in order to reduce a debt or further losses (taking into account the viability of the company). Additional information: As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing Expressionofinterest@crowncommercial.gov.uk. Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f16e7885-6fa7-4a87-aa2a-8df4c00f633f |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not applicable |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Mar 2018 |
| Submission deadline | 4 Mar 2016 |
| Future notice date | Not specified |
| Award date | 21 Mar 2016 |
| Contract period | 22 Mar 2016 - 26 Apr 2016 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £80,000 |
| Lots value | Not specified |
| Awards value | £38,550 |
| 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 | UK SHARED BUSINESS SERVICES LIMITED |
| Locality | SWINDON |
| Post town | Swindon |
| Postcode | SN2 1FF |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK7 Gloucestershire and Wiltshire |
| ITL 3 | TLK71 Swindon |
| Local authority | Swindon |
| Electoral ward | Rodbourne Cheney |
| Westminster constituency | Swindon North |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ERNST & YOUNG |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 66 - Financial and insurance services

### Codes

- 48440000 - Financial analysis and accounting software package
- 66171000 - Financial consultancy services
- 66172000 - Financial transaction processing and clearing-house services

## Release History

- 21 Mar 2018 at 16:44 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f16e7885-6fa7-4a87-aa2a-8df4c00f633f
- 18 Nov 2016 at 20:16 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/00c55279-775f-4f79-9c6b-8792b4b08ccd

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f16e7885-6fa7-4a87-aa2a-8df4c00f633f
  21st March 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/00c55279-775f-4f79-9c6b-8792b4b08ccd
  26th February 2016 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/0833364e-0aa8-43c9-b1bf-1f748e6ba470
  PS16030 - Invitation to Quote
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c288301f-74a9-4dda-b12c-bd4ce6de46f9
  PS16030 - Questions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/5535d34b-e806-4c96-918e-73a5dec6cd17
  PS16030 - Terms & Conditions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/133ac6d9-afc4-4175-9995-76cb0fd9afa7
  Bidder - Logging into Emptoris for the first time
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/8c5cc7fd-0717-453c-ab41-bcf79be51e91
  PS16030 - Price Schedule
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/683bff19-105c-44a5-a2ca-8e130ee6c4b8
  Bidder Training
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2d8e4b0e-c762-4935-a013-38f10f1e11f8
  PS16030 - Invitation to Quote
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/78293b3e-0217-4035-a7be-7f33f5a3ea49
  PS16030 - Questions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/366e4f72-1913-4506-93b4-a73e8f909db8
  PS16030 - Terms & Conditions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/321b4d15-eb1e-4036-bd17-f572d67d5679
  Bidder - Logging into Emptoris for the first time
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/26b4e1aa-c59e-4c99-881a-6a29738fc2cf
  PS16030 - Price Schedule
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/d27f4031-3b9d-41fb-915e-59e14da7f907
  Bidder Training

## Notice URLs

- https://gpsesourcing.cabinetoffice.gov.uk

## 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-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b.json.