---
title: "ESPHGP Bulverhythe Development Financial Advisory Services (ESPH388 TI) - AWARD"
ocid: "ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SE SHARED SERVICES"
published: "2020-10-23"
---

# ESPHGP Bulverhythe Development Financial Advisory Services (ESPH388 TI) - AWARD

Buyer: SE SHARED SERVICES  
Current stage: Award  
OCID: ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd

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## Summary

The tender for Financial Advisory Services related to the Bulverhythe Development, titled "ESPHGP Bulverhythe Development Financial Advisory Services (ESPH388 TI)", was awarded by Hastings Borough Council through SE Shared Services. The procurement process, now complete, involved a tender phase that concluded on 28 August 2020, with the award decision made on 8 October 2020. The contract is valued at £44,000 and commenced on 20 October 2020, with an end date of 31 December 2021. The project is classified under the CPV code 66171000, which pertains to Financial consultancy services, and it is located in Hastings, East Sussex, within the South East region of the United Kingdom.

This opportunity can foster business growth for firms specialising in financial consultancy, particularly those with experience in public sector projects and housing developments. The winning bid was submitted by Ernst & Young LLP, a large consultancy firm. Smaller firms or those with joint venture capabilities may also find this tender beneficial, especially if they can demonstrate relevant expertise in developing partnerships and financial structuring within residential projects, aligning with the council's aim of maximising social value and revenue generation from council-owned land.

## Notice

Hastings Borough Council sought to appoint a suitably qualified and experienced consultant to provide Financial Advisory Services in its progression of the Bulverhythe Housing Development with a Joint Venture Partner. The Council wants to ensure that outcomes on council owned land are maximised with the aim of creating sustainable communitues, increasing social value and stimulating revenue generation to help support the delivery of local services in the face of ongoing government cutbacks. The council has established the Hastings Housing Company (HHC) to help realise its objectives. Hastings Borough Council in discussions with a potential joint venture (JV) partner for the development of the site. These discussions require a detailed understanding of the scheme and its viability, especially regarding development cost as well as potential end sales values. Quantity Surveying services are being procured to review the current scheme costings and provide an updated outline cost plan. In addition to understanding the scheme costs, the council needs to understand how the scheme can most effectively be structured to maximise its income. HBC therefore wish to appoint a third party to provide specialist financial advice.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ceb5c4c6-7f18-4fef-81d8-0dfb953ba1ce |
| 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 | 23 Oct 2020 |
| Submission deadline | 28 Aug 2020 |
| Future notice date | Not specified |
| Award date | 7 Oct 2020 |
| Contract period | 19 Oct 2020 - 31 Dec 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £44,000 |
| Lots value | Not specified |
| Awards value | £44,000 |
| 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 | SE SHARED SERVICES |
| Locality | EAST SUSSEX |
| Post town | Tonbridge |
| Postcode | TN34 3UY |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ2 Surrey, East and West Sussex |
| ITL 3 | TLJ22 East Sussex CC |
| Local authority | Hastings |
| Electoral ward | Castle |
| Westminster constituency | Hastings and Rye |
| Delivery location | TLJ South East (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 23 Oct 2020 at 13:32 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ceb5c4c6-7f18-4fef-81d8-0dfb953ba1ce
- 23 Oct 2020 at 13:29 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ceb5c4c6-7f18-4fef-81d8-0dfb953ba1ce

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ceb5c4c6-7f18-4fef-81d8-0dfb953ba1ce
  23rd October 2020 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.hastings.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-cd512896-670d-4a6a-826d-dd2523e89ffd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd.json.