---
title: "SMART Financial Due Diligence Framework"
ocid: "ocds-r6ebe6-0000570682"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000570682"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000570682.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000570682.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "SCOTTISH ENTERPRISE"
published: "2019-05-02"
---

# SMART Financial Due Diligence Framework

Buyer: SCOTTISH ENTERPRISE  
Current stage: Award  
OCID: ocds-r6ebe6-0000570682

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## Summary

Scottish Enterprise, based in Glasgow, has recently completed the "SMART Financial Due Diligence Framework" procurement process. This framework agreement, valued at £150,000, is designated for providing financial appraisal services under the SMART: Scotland programme, commencing on 1st May 2019 and lasting for an initial three years, with a possible one-year extension. The award came after an open tender procedure, which concluded with the selection of PKF-FPM Accountants Limited as the supplier. Key details include the procurement process having reached the Award stage, with the deadline for final submissions occurring on 18th February 2019.

This framework presents significant opportunities for businesses that specialise in financial appraisal and advisory services, particularly those with expertise in economic development and state aid. SMEs with a history of delivering similar services and the capability to provide thorough financial analyses for projects will be well-positioned to compete for further opportunities under this framework. Additionally, firms offering collaborative solutions or those capable of engaging in joint ventures may find this tender particularly advantageous, given the potential for scalable projects and ongoing demand for due diligence within the framework's scope.

## Notice

This is a CONTRACT AWARD NOTICE, please do not respond. Scottish Enterprise has awarded a framework agreement for the provision of financial appraisal services for SE's SMART: Scotland programme. This framework will be for a period of three years commencing on 1st May 2019. After this time, SE will have the option to extend the framework for a further 12 month period.

### Lot Information

Lot 1

The majority of the work will be carried out on SMART Feasibility applications. There is scope for projects out with the SMART: SCOTLAND product to be appraised under this framework should they be required. The appraisal of SMART applications is expected to take no more than 7 hours each. Reports must be completed and returned to SMART: SCOTLAND team within 3 weeks of receipt of the application. The review process is not a prescribed process but it is designed to assess whether the project is deliverable (the company has sufficient funds to support the project and exhibit viability and sustainability) and there is the best chance the economic benefit can be generated by the investment (additionality).

Renewal: The initial duration of the framework is 36 months with Scottish Enterprise having the option to extend for a further 12 month period to a maximum of 18 months as stated above.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353148 |
| Notice type | PCS Notice - Website Contract Award Notice |
| Procurement type | Framework |
| 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 | 2 May 2019 |
| Submission deadline | 18 Feb 2019 |
| Future notice date | Not specified |
| Award date | 5 Apr 2019 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £150,000 |
| Lots value | £150,000 |
| Awards value | Not specified |
| Contracts value | £150,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH ENTERPRISE |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 6HQ |
| 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 | 1 |
| Supplier names | PKF-FPM ACCOUNTANTS |

## CPV Codes

### Divisions

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

### Codes

- 66171000 - Financial consultancy services
- 79212100 - Financial auditing services
- 79412000 - Financial management consultancy services

## Release History

- 2 May 2019 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353148
- 22 Jan 2019 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN342705

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JAN342705&idx=1
  22nd January 2019 - ESPD
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JAN342705&idx=2
  22nd January 2019 - P19-0091 Invitation to Tender
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN342705
  SMART Financial Due Diligence Framework - The purpose of this Invitation to Tender is to appoint a supplier, operating under a framework, to provide financial appraisal services for SE's SMART: Scotland programme to Scottish Enterprise ("SE"), and the respective subsidiary and associated companies and undertakings. (together, the "Purchasers"). This framework will be for a period of three years and we anticipate a start date of 1st May 2019 and an end date of 30th April 2022. After this time, Scottish Enterprise will have the option to extend the framework for a further 12 month period to 30th April 2023.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353148
  SMART Financial Due Diligence Framework - This is a CONTRACT AWARD NOTICE, please do not respond. Scottish Enterprise has awarded a framework agreement for the provision of financial appraisal services for SE's SMART: Scotland programme. This framework will be for a period of three years commencing on 1st May 2019. After this time, SE will have the option to extend the framework for a further 12 month period.

## Notice URLs

- http://
- http://www.gov.scot/topics/government/procurement/selling/supplier-enquiries
- http://www.publiccontractsscotland.gov.uk
- http://www.scottish-enterprise.com/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000570682

## 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-r6ebe6-0000570682. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000570682.json.