---
title: "Framework for the Provision of Commercial Advisors"
ocid: "ocds-h6vhtk-02efe4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02efe4"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02efe4.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02efe4.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SCOTTISH GOVERNMENT"
published: "2022-09-29"
---

# Framework for the Provision of Commercial Advisors

Buyer: SCOTTISH GOVERNMENT  
Current stage: Award  
OCID: ocds-h6vhtk-02efe4

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## Summary

The Scottish Government has completed the award process for the "Framework for the Provision of Commercial Advisors" procurement, establishing a mechanism for urgent due diligence on companies in difficulty. The framework aims to provide financial analysis, market information, and risk assessment to aid decision-making. The procurement attracted 11 bids, with Teneo Restructuring Limited, FRP Advisory, Ernst & Young LLP (EY), McKinsey & Company, Interpath Advisory, and PwC being the successful suppliers. The value of the awarded contract is £32,000,000 GBP, signed on 31st August 2022 by the Scottish Government.

This procurement offers a significant opportunity for multi-disciplinary agencies to provide professional services, including financial management, tax advice, restructuring, technical expertise, and more. The contracts were awarded following a quality-price evaluation, with technical aspects carrying a weight of 70% and price 30%. The process involved a diverse range of companies bidding for the opportunity, reflecting the demand for commercial advisory services in light of economic challenges due to Covid-19 and Brexit.

## Notice

The aim is to establish a timely, efficient and effective mechanism to conduct a range of urgent due diligence on companies in difficulty to inform decision making. Due diligence assignments will encompass a wide range of activities including financial analysis, market information and risk assessment to inform the viability of companies facing challenges and assess the likelihood of successful outcome. Six suppliers are appointed to the framework. The estimated value of the Framework provides for the initial three years plus one potential extension year.

### Lot Information

Lot 1

The Rapid Response Unit (RRU) has been created to tackle a wide range of economic challenges as a result of Covid-19 and Brexit to enhance The Scottish Government's (SG) support for business resilience and ensure ensure access to economic analysis, company information and sector specific inputs capable of obtaining risks and offering help and support. Accordingly, to assist a business in crisis, the RRU will: - Scale up and enhance analytical capacity to provide for evidence-based decisions on business support reinforced by a number of new systems and tools; and - Scale up and enhance existing capacity to deal with actions emerging from special cases, where interventions involve repurposing or some other form of longer term support for transition before handing back to policy teams for business as usual activities. Pace is critical when responding to companies at risk and the aim is to establish a timely, efficient and effective mechanism to conduct a range of due diligence on companies in difficulty to inform decision making. Due diligence assignments will encompass a wide range of activities including financial analysis, market information and risk assessment to inform the viability of companies facing challenges and assess the likelihood of successful outcome. It is uncertain as to the number of instances of referral of businesses in crisis and as each case will be unique, it is difficult to determine as to the duration of the due diligence that would be undertaken by commercial advisors. It is likely that the commercial advice and inputs required may vary considerably due to differing contexts and business considerations. Six suppliers are appointed to the framework offering a range of integrated professional services including but not limited to: accountancy/financial management, and tax advice, commercial advisory services, restructuring and turnaround specialisms, specialist technical expertise such as economic and market analysis and other considerations including impacts of Subsidy Control (formerly State Aid).

Renewal: Following the end of the initial three year term, the Framework may be extended by a period of up to 12 months.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/027285-2022 |
| Notice type | Tender Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Sep 2022 |
| Submission deadline | 25 Nov 2021 |
| Future notice date | Not specified |
| Award date | 30 Aug 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £32,000,000 |
| Lots value | £32,000,000 |
| Awards value | Not specified |
| Contracts value | £32,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH GOVERNMENT |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 8EA |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 6 |
| Supplier names | ERNST & YOUNG LLP (EY; FRP ADVISORY; INTERPATH ADVISORY; MCKINSEY; PWC; TENEO RESTRUCTURING |

## CPV Codes

### Divisions

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

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 29 Sep 2022 at 09:25 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/027285-2022
- 9 Nov 2021 at 11:54 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/026743-2021
- 9 Nov 2021 at 11:54 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/028044-2021

## Notice URLs

- http://www.scotland.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000670908
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA10482
- https://www.publictendersscotland.publiccontractsscotland.gov.uk/
- https://www.scotcourts.gov.uk/the-courts/court-locations/edinburgh-sheriff-court-and-justice-of-the-peace-court

## 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-h6vhtk-02efe4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02efe4.json.