--- title: "Department for Education - Lot 4.1 Corporate Finance and Financial Strategy - multi-academy trust closure" ocid: "ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95.json" source: "Contracts Finder" current_stage: "Award" buyer: "DEPARTMENT FOR EDUCATION" published: "2019-03-04" --- # Department for Education - Lot 4.1 Corporate Finance and Financial Strategy - multi-academy trust closure Buyer: DEPARTMENT FOR EDUCATION Current stage: Award OCID: ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95.json) ## Summary The Department for Education is seeking to engage external financial and insolvency expertise for the Lot 4.1 Corporate Finance and Financial Strategy tender, focused on the multi-academy trust closure project. This procurement is at the Award stage, with a total contract value of £151,077. The contract period commenced on 27th October 2017 and concluded on 30th November 2018. The buyer is based in London, England, and the procurement method utilised is selective, through a call-off from a framework agreement, from the ConsultancyOne Framework RM1502. This contract offers significant opportunities for professional service firms, particularly those specialising in financial consultancy with a strong background in accounting, insolvency, and education funding. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) could notably benefit, provided they can demonstrate the necessary expertise and resources to effectively support the Department in managing the complex closure of the trust and its academies. This project is integral to ensuring a smooth transition and may open doors for ongoing consultancy work in related areas within the education sector. ## Notice A dedicated project team in the Department for Education is supporting this rebrokerage and closure project. The Department is seeking to secure external financial and insolvency expertise to provide additional capacity to the Trust for the rebrokering of all of its academies and the closure of the Trust and to support the Department to facilitate this. This support is required to start with immediate effect. The project requires committed and significant resource to allow a smooth closure of the Trust. The Department invites bids for professional resource from the ConsultancyOne Framework RM1502 Lot 4.1 Corporate Finance and Financial Strategy. It is essential that the resource has accounting and insolvency practitioner experience and an understanding of education funding in order to provide financial oversight and expertise on a high profile project. The project will focus on providing hands on practical support as well as specialist advice to the Department, together with supporting the Trust. The project should deliver: i. Financial information to support the closure process, including the re brokering of the trust's 21 academies and the wind up of the trust ii. Highlight of areas of potential short-term risk and provide advice regarding mitigations iii. Robust advice and recommendations to the Department, including advice on insolvency iv. Regular reporting to the Department The right supplier will be able to quickly develop an understanding of the Department's requirements and the needs of the academy trust. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae | | 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, VCSE | | Awardee scale | Large | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 4 Mar 2019 | | Submission deadline | 13 Oct 2017 | | Future notice date | Not specified | | Award date | 19 Oct 2017 | | Contract period | 26 Oct 2017 - 30 Nov 2018 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £198,570 | | Lots value | Not specified | | Awards value | £198,570 | | 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 EDUCATION | | Locality | LONDON | | Post town | South West London | | Postcode | SW1P 3BT | | 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 | DELOITTE | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 4 Mar 2019 at 09:24 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae - 4 Mar 2019 at 09:13 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae - 28 Feb 2019 at 16:30 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae - 11 Jan 2018 at 10:25 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae - 15 Dec 2017 at 11:00 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae - 7 Dec 2017 at 18:32 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae ## Documents - https://www.contractsfinder.service.gov.uk/Notice/d85bc16e-739c-4191-80ba-60fbee8d56ae 4th March 2019 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/SupplierAttachment/a5c5f0ac-73f0-4dbb-b0ac-72418711b146 Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d70fb457-9b48-42c3-b512-103fa7595edb Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/45ff449f-5a38-4a7c-86a5-de6be2cf2fb1 Invitation to tender document - https://www.contractsfinder.service.gov.uk/Notice/Attachment/defc4085-ad6e-42a8-8802-d2da2e126679 Variation letter - https://www.contractsfinder.service.gov.uk/Notice/Attachment/65e6b533-35dc-419a-892e-cd9a9aa77b58 Variation letter ## 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-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-80832a82-cb89-4d74-b000-b5d395d92f95.json.