---
title: "Due Diligence Framework Agreement Lot 2 - Model Audit"
ocid: "ocds-r6ebe6-0000748300"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000748300"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000748300.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000748300.json"
source: "Public Contracts Scotland"
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-r6ebe6-0000748300

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## Summary

The Scottish National Investment Bank has awarded a contract for the Due Diligence Framework Agreement Lot 2 - Model Audit. The tender process was completed on 26th March 2024. The Bank aims to efficiently procure external support for Due Diligence on potential investments. The contract value is £500,000, and the buying organization is based in Edinburgh, UK. The procurement method used was an open procedure, and the main procurement category is services.

This tender opportunity for the Due Diligence Framework Agreement Lot 2 - Model Audit with the Scottish National Investment Bank provides a chance for businesses specialising in model audits and due diligence services to compete. The procurement stage is complete, and the Bank is currently accepting bids electronically. Interested businesses need to adhere to the specified quality and price criteria for this contract. The opportunity is located in Edinburgh, UK, and falls under the economic affairs industry category.

## 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 | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501809 |
| Notice type | OJEU - F3 - Contract Award 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 | Complete |
| Awards status | Not specified |
| 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501809
- 27 Oct 2023 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT491369

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT491369&idx=6
  7th November 2023 - Abort fee
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT491369&idx=1
  27th October 2023 - SPD for Lot 2
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT491369&idx=2
  27th October 2023 - Terms and conditions
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT491369&idx=3
  27th October 2023 - Covering letter
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT491369&idx=4
  27th October 2023 - Specification - Lot 2
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT491369&idx=5
  27th October 2023 - Evaluation and award criteria
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT491369
  Due Diligence Framework Agreement Lot 2 - Model Audit - 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.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501809
  Due Diligence Framework Agreement Lot 2 - Model Audit - 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.

## Notice URLs

- http://
- http://www.thebank.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000748300
- https://www.publiccontractsscotland.gov.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-r6ebe6-0000748300. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000748300.json.