---
title: "Public Finance Resource Centre (PFRC)"
ocid: "ocds-h6vhtk-03b7d7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03b7d7"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03b7d7.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03b7d7.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE"
published: "2024-01-31"
---

# Public Finance Resource Centre (PFRC)

Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE  
Current stage: Award  
OCID: ocds-h6vhtk-03b7d7

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## Summary

The Foreign Commonwealth and Development Office (FCDO) has completed the procurement process for the Public Finance Resource Centre (PFRC) project, which falls under the services category and involves foreign economic-aid-related services. The project aims to support countries in achieving sustainable financing, enhancing revenue mobilisation, and strengthening financial management. The PFRC will provide technical assistance to partner countries, promoting self-sufficiency and transparent financial practices. The contract, valued between £14-65 million, will run for 48 months with potential extensions. Adam Smith International Ltd has been awarded the contract.

This tender provides an opportunity for national and international organisations with expertise in financial management, tax, and macro-fiscal matters to compete for the delivery arm management of the PFRC project. Businesses with experience in delivering medium to long-term interventions in similar projects are well-suited to participate. The FCDO seeks suppliers with the necessary skills outlined in the Terms of Reference (ToR) to contribute to the successful implementation of the project and foster resilient economies and societies within partner countries.

## Notice

FCDO pursues our national interests and projects the UK as a force for good in the world. We promote the interests of British citizens, safeguard the UK's security, defend our values, reduce poverty and tackle global challenges with our international partners. Against a backdrop of continued slow growth, capital market uncertainty, and worsening debt positions for many developing countries, the International Finance Division's (IFD) objective is to support countries on the path to sustainable financing; breaking the cycles of unsustainable debt and need for debt relief and developing green and resilient capital markets. We will do this by supporting countries to improve revenue mobilisation and strengthening responsible private sector and international financing. We also seek a step change in the way public finances are transparently managed and accounted for - from debt management to expenditure and procurement, through to greater financial preparedness for major disasters. In support of this objective the Public Finance and Tax Department (PFTD) within IFD is establishing a UK Centre of Expertise for Public Finance to help partner countries access technical expertise as part of HMG's broader offer to developing countries. The Centre will provide access to world class peer-to-peer support, such as from HMRC, frontier learning from globally recognised UK institutions, and from local suppliers. A new advisory offer, the Public Finance Resource Centre (PFRC) has been developed as part of this Centre of Expertise. The Resource Centre is intended to mobilise flexible technical assistance more quickly than is currently available, responding to clear demand for such support from partner countries. FCDO were seeking to procure a service provider to manage the delivery arm of the new Public Finance Resource Centre (PFRC). The Resource Centre will support countries to become self-sufficient - shaping open and resilient economies and societies. It will do this by responding quickly and flexibly to windows of opportunity, identified by FCDO, to address key barriers to revenue mobilisation, transparent Public Financial Management (PFM), tax, macro-fiscal and debt management, where current delivery models struggle to respond in a timely way.

### Lot Information

Lot 1

The contract will operate for 48 months from the Commencement Date with a number of break points and extensions as detailed below. The total budget available for the services to be provided under this contract will be between PS14,000,000 and PS65,000,000 (inclusive of all applicable taxes). * First potential extension: As above upper value limit - time extension only of up to 36 months * Followed by a second extension of up to 36 months and up to an additional PS28,000,000 taking the total contract value up to a maximum of PS93,000,000. The contract will be subject to the following break points: 1. Contract mid-term review point, 24 months after contract commencement 2. Pre-First Extension at around 42 months from the commencement date following an independent programme mid-term review which will inform whether the FCDO takes up the first extension 3. Pre-Second Extension - up to 6 months prior to the first extension expiring the FCDO will conduct a further review which will inform if the FCDO takes up the option for the second extension. Key characteristics and skills we are seeking in a Supplier will be detailed in the Terms of Reference (ToR). FCDO would welcome the participation of both national and international organisations.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/003277-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 31 Jan 2024 |
| Submission deadline | 12 May 2023 |
| Future notice date | Not specified |
| Award date | 2 Jan 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £93,000,000 |
| Lots value | £65,000,000 |
| Awards value | Not specified |
| Contracts value | £93,000,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ADAM SMITH INTERNATIONAL |

## CPV Codes

### Divisions

- 75 - Administration, defence and social security services

### Codes

- 75211200 - Foreign economic-aid-related services

## Release History

- 31 Jan 2024 at 18:02 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/003277-2024
- 24 Apr 2023 at 09:32 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/011619-2023
- 31 Mar 2023 at 14:07 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/009508-2023

## Notice URLs

- http://www.gov.uk/fcdo/
- https://fcdo.bravosolution.co.uk
- https://fcdo.bravosolution.co.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-h6vhtk-03b7d7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03b7d7.json.