---
title: "Resolution Procurement Framework 2023"
ocid: "ocds-h6vhtk-03a6a6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03a6a6"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03a6a6.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03a6a6.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2024-11-18"
---

# Resolution Procurement Framework 2023

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-h6vhtk-03a6a6

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## Summary

The Bank of England conducted an open tender procedure for the re-tender of its Resolution Procurement Framework 2023 and has awarded a 4-year framework agreement, which started on 15 September 2023. This agreement comprises five distinct lots: Financial Advice and Valuation Analysis, Restructuring and Insolvency, Corporate Financial Advisory, Operational Review and Analysis, and Resolution Delivery Support. The procurement process, governed by the European Directive 2014/24/EU, falls under the industry category of Business and Management Consultancy and Related Services, and the services are to be delivered across the UK.

This tender presents significant growth opportunities for businesses specializing in financial advisory, restructuring, insolvency, and operational planning, particularly those with experience in resolution frameworks and advisory support under stress scenarios for regulated entities. Businesses suited to compete include those capable of providing financial valuations in contingency planning, supporting bank administration and insolvency procedures, and offering comprehensive corporate finance advice. Firms that can demonstrate expertise in operational feasibility assessments and detailed resolution planning will find substantial opportunities within this framework.

## 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.

### Lot Information

Financial Advice and Valuation Analysis

Advice in relation to valuation analysis for banks, CCPs, or insurers for the purpose of resolution contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the Banking Act 2009.

Restructuring and Insolvency

Planning and advice in connection with the bank (or building society) insolvency procedure (BIP), bank administration procedure (BAP) and the special administration procedure for investment firms ("SAR").

Corporate finance advisory

Corporate finance advice and support to the Bank or a firm under the direction of the Bank in relation to preparing for execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan.

Operational review and analysis

Advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning.

Resolution support services

The Bank may require additional support to deliver resolvability or contingency resolution planning. Suppliers would provide support in a range of activities including, but not limited to, project planning, document production and review, or detailed operational planning to ensure that a resolvability assessment or resolution is executed successfully.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/037125-2024 |
| 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 | 18 Nov 2024 |
| Submission deadline | 24 Mar 2023 |
| Future notice date | Not specified |
| Award date | 14 Sep 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £20,000,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £20,000,000 |

## Status

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

## 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 | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 19 |
| Supplier names | ACCENTURE (UK; ALANTRA CORPORATE FINANCE; ALIXPARTNERS; ALVAREZ & MARSAL; BDO; DELOITTE; ERNST & YOUNG; EVELYN PARTNERS; FRP ADVISORY GROUP; FTI CONSULTING MANAGEMENT; GRANT THORNTON; INTERPATH; KROLL ADVISORY; MAZARS GB; NORTH HIGHLAND; OLIVER WYMAN; PRICEWATERHOUSECOOPERS; REPLY; TENEO BUSINESS CONSULTING |

## 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 09:32 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/037125-2024
- 17 Feb 2023 at 17:27 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/004954-2023

## Notice URLs

- http://www.bankofengland.co.uk
- https://supplierlive.proactisp2p.com/Account/Login

## 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-03a6a6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03a6a6.json.