---
title: "Resolution Procurement Framework Agreement 2023"
ocid: "ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2024-11-18"
---

# Resolution Procurement Framework Agreement 2023

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9

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## Summary

The Bank of England has conducted an open tender procedure titled "Resolution Procurement Framework Agreement 2023" and has awarded a 4-year framework agreement across five lots covering financial advice, restructuring, corporate financial advisory, operational review, and resolution delivery support. This framework agreement, worth up to £20 million, focuses on advisory services to support resolution planning and execution under the Resolvability Assessment Framework. The contract commenced on 15 September 2023 and will run until 14 May 2027. The process employed an open procurement method, indicating transparency and competitiveness.

This tender presents substantial opportunities for businesses in the consultancy and advisory sectors to collaborate with a prestigious client such as the Bank of England. Companies offering services in financial advisory, insolvency, corporate consulting, and operational analysis are particularly well-suited to participate. The framework agreement's non-exclusive, no-commitment arrangement ensures flexible engagement, allowing a variety of firms, including SMEs, to benefit from potential projects when needs arise. By participating, businesses can gain significant experience, expand their client base, and contribute to high-profile financial stability efforts.

## Notice

The Bank of England ('the Bank') conducted an open tender procedure for the re-tender of its Resolution Procurement Framework ("RPF") and has awarded a 4-year framework agreement split across the following 5 lots: - Lot 1 - Financial advice and valuation analysis; - Lot 2 - Restructuring and insolvency; - Lot 3 - Corporate financial advisory; - Lot 4 - Operational review and analysis; and - Lot 5 - Resolution delivery support. The RPF is the Bank's framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework (RAF). The Bank may also seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support). This framework has been awarded on a non-exclusive and no commitment basis, therefore the Bank is not committed to spending the full framework value and payment is only made as and when requirements arise and are awarded to suppliers.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3b466f74-b289-4483-9ef8-71d8297d66fc |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Nov 2024 |
| Submission deadline | 21 Apr 2023 |
| Future notice date | Not specified |
| Award date | 14 Jul 2023 |
| Contract period | 14 Sep 2023 - 14 May 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £20,000,000 |
| Lots value | Not specified |
| Awards value | £20,000,000 |
| 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 | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 18 |
| Supplier names | ACCENTURE (UK; ALANTRA CORPORATE FINANCE; ALIXPARTNERS; ALVAREZ & MARSAL; BDO; DELOITTE; ERNST & YOUNG; EVELYN PARTNERS; FRP ADVISORY GROUP; FTI CONSULTING SERVICES; GRANT THORNTON; INTERPATH; KROLL (U.K.; MAZARS; NORTH HIGHLAND; OLIVER WYMAN CONSULTING; REPLY; TENEO (UK |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 18 Nov 2024 at 09:31 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3b466f74-b289-4483-9ef8-71d8297d66fc
- 17 Feb 2023 at 20:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/4a585803-bc72-4cb3-b0ed-716fbc222f15

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/3b466f74-b289-4483-9ef8-71d8297d66fc
  18th November 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/4a585803-bc72-4cb3-b0ed-716fbc222f15
  17th February 2023 - Opportunity notice on Contracts Finder

## Provenance

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