--- title: "Grimsby Institute of Further and Higher Education - The provision of Financial Due Dilligence Services for the proposed merger of The TEC Partnership and East Riding College" ocid: "ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0.json" source: "Contracts Finder" current_stage: "Tender" buyer: "GRIMSBY INSTITUTE OF FURTHER & HIGHER EDUCATION" published: "2019-10-03" --- # Grimsby Institute of Further and Higher Education - The provision of Financial Due Dilligence Services for the proposed merger of The TEC Partnership and East Riding College Buyer: GRIMSBY INSTITUTE OF FURTHER & HIGHER EDUCATION Current stage: Tender OCID: ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0.json) ## Summary The Grimsby Institute of Further and Higher Education is currently seeking providers for financial due diligence services related to the potential merger with East Riding College. This tender, titled "Grimsby Institute of Further and Higher Education - The provision of Financial Due Diligence Services for the proposed merger," is classified under the CPV code for financial auditing services. The procurement is in the tender stage, with the deadline for submission set for 24th October 2019. The contract is anticipated to commence on 7th November 2019 and run until 31st December 2019, primarily located in Yorkshire and the Humber region. This opportunity presents a significant avenue for business growth, particularly for financial consulting firms specialising in due diligence and merger advisory services. Businesses capable of providing comprehensive financial analysis, risk assessment, and compliance support will likely be best positioned to compete. As the Colleges look for expertise to facilitate an informed merger decision, firms that can demonstrate immediate resource availability and a track record in similar projects will find themselves well-suited for this tender. ## Notice The TEC Partnership is the main trading brand and subsidiary companies of the Grimsby Institute of Further and Higher Education (GIFHE). Legal requirements, policies, data protection registration and other documentation relating to or as part of the operation of brands are part of GIFHE's legal status. This invitation to tender is for the appointment of financial professional advisors to support the Colleges in considering a potential merger between Grimsby Institute of Further and Higher Education and East Riding College ("the Project"). The colleges are working on the basis that they will be appointing one firm to undertake the Project on behalf of both colleges, led by The TEC Partnership, producing one report. The Project requires capable professional resources to be available immediately in order to support the due diligence phase of the Project as the Colleges intend to start this process imminently and to complete it within a tight timeframe. The objective of the financial due diligence report will be to provide an assurance of the future financial performance and prospects of the organisations pre and the organisation post-merger, identifying key risks and sensitivities and how each stakeholder will deal with these; and the critical success requirements. The report will provide assurance that the transferee college is capable of taking on the assets and liabilities of the transferring college and comfort over the financial viability of the transferee college once it has taken on students, staff, assets and liabilities of the transferring college. Another party to this agreement will be the Bank(s) and the minimum requirement is that there is a "duty of care letter" in place from the successful tenderer in relation to reliance the Bank(s) can place on the DD report. The colleges require that by the end of the due diligence timetable they: * are in receipt of a due diligence report and supporting documentation to enable the colleges to make an assessment of the merger opportunity * have all the information needed to be able to make a fully informed decision as to whether to proceed with the merger. A prime objective of the professional adviser will be to identify any key issues and risks in connection with the proposed merger. The ITT document is attached to this notice. Please read the tender document carefully and ensure that for all elements required you provide evidence or a statement to fulfil the requirements. Additional information: Please apply directly to the buyer using the contact details provided, or follow the instructions given in the notice description or information section. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/712c3655-ed11-447a-b9c6-5f89ce7349eb | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 3 Oct 2019 | | Submission deadline | 24 Oct 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 7 Nov 2019 - 31 Dec 2019 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | GRIMSBY INSTITUTE OF FURTHER & HIGHER EDUCATION | | Locality | GRIMSBY | | Post town | Doncaster | | Postcode | DN34 5BQ | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE1 East Yorkshire and Northern Lincolnshire | | ITL 3 | TLE13 North and North East Lincolnshire | | Local authority | North East Lincolnshire | | Electoral ward | Park | | Westminster constituency | Great Grimsby and Cleethorpes | | Delivery location | TLE Yorkshire and The Humber | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212100 - Financial auditing services ## Release History - 3 Oct 2019 at 08:29 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/712c3655-ed11-447a-b9c6-5f89ce7349eb ## Documents - https://www.contractsfinder.service.gov.uk/Notice/712c3655-ed11-447a-b9c6-5f89ce7349eb 3rd October 2019 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/43cfc99a-88f4-4593-8d55-d049fc458811 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/1fe95fa5-8216-4cad-ae3f-43b6ab3bf0ca - https://www.contractsfinder.service.gov.uk/Notice/Attachment/5fd310de-bfc5-4b6a-9994-4708fb184aaf ## 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-dd42a46f-a5f2-451b-96f7-92d44db690e0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-dd42a46f-a5f2-451b-96f7-92d44db690e0.json.