---
title: "Due Diligence Framework Agreement Lot 2 - Model Audit"
ocid: "ocds-h6vhtk-040f93"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-040f93"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-040f93.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-040f93.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SCOTTISH NATIONAL INVESTMENT BANK"
published: "2024-03-26"
---

# Due Diligence Framework Agreement Lot 2 - Model Audit

Buyer: SCOTTISH NATIONAL INVESTMENT BANK  
Current stage: Award  
OCID: ocds-h6vhtk-040f93

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## Summary

The Scottish National Investment Bank, a mission-led development investment bank for Scotland, is currently running a procurement process for a Due Diligence Framework Agreement Lot 2 - Model Audit. The procurement falls under the Business and Management Consultancy and Related Services category. The bank is based in Edinburgh, United Kingdom, and the tender is in the Award stage with a contract value of £500,000 signed on 1st March 2024. Interested businesses should note that the procurement method is an Open procedure with a focus on Quality criteria for awarding the contract.

This tender presents an opportunity for businesses in the financial consultancy and investment banking sector to engage with the Scottish National Investment Bank. The Bank seeks suppliers to provide expertise in Due Diligence, with a particular focus on Model Audit. Businesses interested in delivering high-quality delivery methodologies, effective management techniques, and strong delivery teams stand a good chance of securing the contract. The Lot 2 Specification outlines specific requirements and criteria that potential suppliers need to fulfill to be considered for this opportunity.

## Notice

We are a mission-led development investment bank for Scotland, wholly owned by the Scottish Ministers on behalf of the people of Scotland. We have been established to operate commercially and are operationally independent from government. We invest in Scottish business, projects, and communities to deliver environment, social and financial returns for the people of Scotland. Our missions are at the heart of everything that we do. You can find out more about the Bank and our missions at our website www.thebank.scot. The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required. The requirements are split into four Lots: Lot 1 - Financial Diligence Lot 2 - Model Audit Lot 3 - Tax diligence Lot 4 - Company Valuations This particular Contract notice and tender exercise relates to Lot 2 - Model Audit. Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, all published on the same date.

### Lot Information

Lot 1

The Bank are setting up a Framework Agreement to undertake Due Diligence on potential investments which we are considering making. The framework will offer the Bank an efficient, cost-effective, and streamlined approach for procuring external support and expertise to assist reactive and consistent delivery of Due Diligence as it is required. The requirements are split into four Lots: Lot 1 - Financial Diligence Lot 2 - Model Audit Lot 3 - Tax diligence Lot 4 - Company Valuations This particular tender exercise relates to Lot 2 - Model Audit. Bidders who are interested in bidding for any of the other Framework Lots can do so by locating the respective PCS notices, which were all published on the same date with.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/009847-2024 |
| 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, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Mar 2024 |
| Submission deadline | 30 Nov 2023 |
| Future notice date | Not specified |
| Award date | 1 Mar 2024 |
| Contract period | Not specified |
| Recurrence | 2027 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £500,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH NATIONAL INVESTMENT BANK |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH1 3EG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | City Centre |
| Westminster constituency | Edinburgh East and Musselburgh |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 5 |
| Supplier names | AZETS; CUBELYNX; GRANT THORNTON; HENDERSON LOGGIE; STEER |

## CPV Codes

### Divisions

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

### Codes

- 66120000 - Investment banking services and related services
- 66171000 - Financial consultancy services
- 79212100 - Financial auditing services
- 79400000 - Business and management consultancy and related services

## Release History

- 26 Mar 2024 at 15:06 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/009847-2024
- 27 Oct 2023 at 10:34 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/031766-2023

## Notice URLs

- http://www.thebank.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000748300
- https://www.publiccontractsscotland.gov.uk/
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA30487

## 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-040f93. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-040f93.json.