---
title: "GP Indemnity: Corporate Finance and Non-Life Actuarial Advice"
ocid: "ocds-b5fd17-90b1f0e4-9b10-42aa-8a8b-927d9c27c5f9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-90b1f0e4-9b10-42aa-8a8b-927d9c27c5f9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-90b1f0e4-9b10-42aa-8a8b-927d9c27c5f9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-90b1f0e4-9b10-42aa-8a8b-927d9c27c5f9.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT OF HEALTH"
published: "2018-02-09"
---

# GP Indemnity: Corporate Finance and Non-Life Actuarial Advice

Buyer: DEPARTMENT OF HEALTH  
Current stage: Award  
OCID: ocds-b5fd17-90b1f0e4-9b10-42aa-8a8b-927d9c27c5f9

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## Summary

The procurement process involves the Department of Health seeking a corporate finance adviser for the project titled "GP Indemnity: Corporate Finance and Non-Life Actuarial Advice." This project, classified under the Business services industry, is based in London, England, and encompasses a selective procurement method as a call-off from a framework agreement. The contract has an active status with an award value of £975,238 and covers a contract period from 23 January 2018 until 31 December 2018. The tender period closed on 8 December 2017, indicating a structured timeline for various phases, including pre-due diligence and negotiation, extending from January to November 2018.

This tender presents significant opportunities for firms specialising in corporate finance advisory services, particularly those with expertise in actuarial analysis within the clinical negligence market. Companies with a strong background in non-life actuarial practices, knowledge of Solvency II regulations, and experience in government financial transactions would be particularly well-positioned to compete for this work. The successful completion of this project is expected to inform crucial financial strategies that ensure a secure operating environment for medical practitioners and their patients, making it a valuable engagement for capable service providers.

## Notice

The Authority requires a third party corporate finance adviser to provide us with an actuarial analysis on each participating MDO's assets and liabilities, to provide input and advice into the commercial structuring of the Existing Liabilities Scheme (ELS) - considering the potential impact of regulation on the MDO's and how they may respond; and to assist with the MDO negotiation strategy and negotiations. We expect that the actuarial advice will be provided by the adviser themselves as opposed to using third party partner firms. The project will cover: Phase 1 - Pre-Due Diligence - regulation (January 2018) Phase 2 - Actuarial Due Diligence on Medical Defence Organisation Balance Sheets (February 2018 to April 2018) Phase 3 - Transaction Structuring (May 2018 - June 2018) Phase 4 - Negotiation (July 2018 - September 2018) Phase 5 - Commercial Due Diligence (October 2018 - November 2018) This scope of works will provide appropriate expertise from a corporate finance adviser with internal actuarial expertise in support of the project's objectives. With the benefit of significant and detailed due diligence allowing us to obtain a full understanding of MDO's financial positions, we will be able to properly assess the level of assets that could be obtained versus the pace of regulation implementation. We need to ensure an appropriate balance which delivers value for money, does not contravene state aid principles and above all creates a safe, secure and affordable future operating environment for medical practitioners and patients. Therefore the skills required to deliver these outputs are: - * A good understanding and appreciation of the clinical negligence market in the UK. * A strong and industry recognised non-life actuarial practice. * Excellent knowledge of the solvency II regulation, its impact and its implementation. * Prior financial transaction experience of working with government. * An excellent understanding of government accounting. * Evidence of inputting into negotiation strategies. * Demonstrable creativity in structuring of solutions.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9fed2b8b-f103-4652-80ad-e4e9638d73d6 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Feb 2018 |
| Submission deadline | 8 Dec 2017 |
| Future notice date | Not specified |
| Award date | 18 Jan 2018 |
| Contract period | 23 Jan 2018 - 31 Dec 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £975,238 |
| Lots value | Not specified |
| Awards value | £975,238 |
| 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 OF HEALTH |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 0EU |
| 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 | PRICEWATERHOUSE COOPERS |

## 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

- 9 Feb 2018 at 09:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9fed2b8b-f103-4652-80ad-e4e9638d73d6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9fed2b8b-f103-4652-80ad-e4e9638d73d6
  9th February 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/0a6c04f3-186c-4cc3-ae25-ecf082ecd391
  Redacted Contract Document

## Provenance

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