--- title: "CQC PSO 064 Financial Assessment of Adult Social Care Providers" ocid: "ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b.json" source: "Contracts Finder" current_stage: "Award" buyer: "CARE QUALITY COMMISSION" published: "2016-11-18" --- # CQC PSO 064 Financial Assessment of Adult Social Care Providers Buyer: CARE QUALITY COMMISSION Current stage: Award OCID: ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b.json) ## Summary The Care Quality Commission (CQC) is seeking a contractor to conduct a comprehensive financial assessment of 44 adult social care providers through tender CQC PSO 064. This procurement falls under the 'Business services: law, marketing, consulting, recruitment, printing and security' industry category and is designated as active. The contract commenced on 1st October 2015 and runs until 31st March 2016, with an overall value of £176,889. The procurement method utilised for this tender was 'Other', and it has recently entered the contract award stage on 28th September 2015 following the tender period that ended on 8th September 2015. This tender presents valuable opportunities for businesses specialising in financial consulting and risk assessment within the health and social care sector. Organisations with expertise in corporate finance, debt analysis, and financial risk management would be particularly suited to compete, as the successful contractor will need to deliver specialised financial insights and advice regarding the viability of care providers. The CQC values profound commercial knowledge and experience in complex company structures, making this a pivotal opportunity for qualified firms looking to enhance their market presence in the public sector. ## Notice THE REQUIREMENT Primarily the contractor is required to provide resources to carry out an assessment of the forty four ASC providers' company finance, accounts and debt structures. Core capabilities required include the ability to provide: * Interpretation of information from providers, based on information provided to CQC from the providers, via a financial submission template covering standard financial indicators; . * timely, detailed financial advice and analysis to service risk assessment judgments; * An opinion on where each Corporate Provider sits on the operating model; * Assessment of likely or imminent failure. This is a highly specialised area and the skill set and experience required for the task is a key requirement to meet the overall objective of assuring CQC that the financial and business aspects of companies providing care services are viable. Commercial expertise and/or a detailed banking or restructuring background is a key asset in enabling this role, as highly specialised skills and knowledge is required of complex company accounting, lending, refinancing, debt and repayment strategies. CQC has published guidance for providers. The guidance is available on the CQC website The tasks and activties set out below support the delivery of the MO operating model. The tasks: There are 3 key blocks of activity being sought Activity One: * Provide named contacts for each the 44 providers to have single point of contact on financial risk assessment * Resolve any queries from providers about how to complete the financial submission template, for example at what level of the Group information should be provided. In delivering these activities, please note that CQC has developed a Financial Submission template. In Appendix C is a summary of this template, which lists the indicators which are included. CQC has a secure portal for information exchange between CQC and the providers and this will be needed to be used as the primary storage of information Activity Two: Confirm that the following have not changed o Group structure, including the structure of its registered providers registered with CQC o Shareholders o Lenders o Properties This task may be completed by analysing publicly available information; information provided by the provider and may need to be supplemented with discussions with the providers in question. Activity Three * Each quarters performance can be assessed against recent performance and anticipated future performance from the business plan * When the data submissions are received (6 weeks after quarter end), carry out analysis of potential financial risk. The assessment should as a minimum cover: * Is trading improving or deteriorating? * Is there too much debt? * Can they afford to pay their debts? * Is the annual budget deliverable? * Where are they on the operating model? ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f32685ca-3c36-4856-bbe4-f72a67ff5128 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Other - | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 18 Nov 2016 | | Submission deadline | 8 Sep 2015 | | Future notice date | Not specified | | Award date | 27 Sep 2015 | | Contract period | 30 Sep 2015 - 31 Mar 2016 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £176,889 | | Lots value | Not specified | | Awards value | £176,889 | | 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 | CARE QUALITY COMMISSION | | Locality | LONDON | | Post town | South West London | | Postcode | SW1W 9SZ | | 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 | Pimlico North | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | KPMG | ## 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 - 18 Nov 2016 at 20:17 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f32685ca-3c36-4856-bbe4-f72a67ff5128 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/f32685ca-3c36-4856-bbe4-f72a67ff5128 1st March 2016 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/669138bc-26bc-4c2b-b8ea-be586df43a0b CQC PS0 064 Financial Assessment Adult Social Care Providers ## 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-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5ec3fb64-adc9-11e6-9901-0019b9f3037b.json.