Published date: 17 January 2022

Last edited date: 17 January 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 28 September 2021, 2pm

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Accounting and auditing services - 79210000

  • Financial management consultancy services - 79412000

Location of contract

SW1H 0ET

Value of contract

£50,000

Procurement reference

PS21184 Commercial Due Diligence of Grant Application

Published date

17 January 2022

Closing date

28 September 2021

Closing time

2pm

Contract start date

1 October 2021

Contract end date

12 November 2021

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The final date and time for the submission of bids is 28th September 2021 at 14:00

DO NOT apply directly to the buyer.

All tender information MUST be submitted through the Delta eSourcing Portal.

Brief Description of Requirement

We require the services of a specialist supplier with extensive skills, knowledge and expertise in relation to the steel industry to conduct a specialist commercial due diligence of a very significant grant application for a company in the UK. The supplier will be required to evaluate assumptions made in the company's business plan before we can finalise the grant award.

Scope of Work

The supplier will have to demonstrate extensive expertise and knowledge of the steel sector and utilise this in evaluating and critically assessing the credibility of the commercial aspects of the company Business Plan ('BP') against future steel supply and demand expectations in the UK and key export markets, including, but not limited to:
• Overview of the supply and demand outlook for each product category referenced in the BP;
• Assessment of the BP sales volume, price realisation and market share projections in each major product category set against the market outlook;
• Assessment of the impact of the current steel tariff/safeguard regime may have on the company's exports;
• Setting a RAG rating against the long-term projections for each product category;
• Suggesting an alternative range of commercial outcomes (volume, price, margin) for each product category where the BP projections are considered unrealistic or aggressive.

PLEASE NOTE: the supplier will have to demonstrate extensive skills and expertise in relation to understanding and analysing the steel market specifically. This piece of work requires extensive knowledge of the steel industry in order to provide credible assessment of the above scope items.

Reliance Basis

It is essential that the final report be provided on a reliance basis. This reliance basis must be provided on the basis that the full due diligence provider can use the report in their assessment of the company's grant application. This reliance basis must be included in the quoted price.

This contract will be awarded based on the evaluation criteria as set out in the ITQ document.

How to Apply

UK Shared Business Services Ltd (UK SBS) will be using the Delta eSourcing Portal for this procurement.

To register on the Delta eSourcing portal please use the link https://www.delta-esourcing.com/ and follow the instructions to register.

If you are already registered on the Delta eSourcing Portal and wish to participate in this procurement, please use the link: https://www.delta-esourcing.com/ and the follow the instructions to 'Log in'

Once you are logged into the system you will be able to link yourself into this procurement using the Access Code: 85N727Y58R

More information

Previous notice about this procurement

PS21184 Commercial Due Diligence of Grant Application

  • Opportunity
  • Published 17 September 2021, last edited 23 September 2021

Attachments

Additional text

DO NOT APPLY DIRECTLY TO BUYER

All submissions will be assessed in accordance with the Public Procurement Regulations that apply to this opportunity.

Responses must be received by the date and time in the tender documentation; responses received outside of the deadline or not sent via the Delta eSourcing portal will not be accepted or considered by the Contracting Authority further for this opportunity. Interested organisations should ensure that they allow a sufficiency of time, prior to the deadline to allow all sections to be completed in full and any attachments to be uploaded.

As a user of the Delta eSourcing Portal you will have access to the Delta messaging service which facilitates all messages sent to you and from you, as well as other messages and updates in relation to any specific tender event. Please note that any and all information secured outside of the messaging service, shall have no merit or worth and should not be relied upon by any organisation submitting a tender response.

Please note it is your organisations responsibility to access these messages on a regular basis to ensure you have sight of all relevant information applicable to this opportunity.

The Contracting Authority expressly reserves the right:

i. not to award any contract as a result of the procurement process commenced by publication of this notice; and

ii. to make whatever changes it may see fit to the content and structure of the procurement; and under no circumstances as part of your organisations participation in this opportunity, will the Contracting Authority be liable for any costs incurred by any organisation as a result. If the Contracting Authority decides to enter into a contract with any successful organisation(s), this does not mean that there is any guarantee of subsequent contracts being awarded. Any expenditure, work or effort undertaken prior to contract award is accordingly a matter solely for the commercial judgement of your organisation in doing so.

About UK Shared Business Services

UK Shared Business Services Ltd (UK SBS) brings a commercial attitude to the public sector; helping our contracting authorities to improve efficiency, generate savings and modernise.

Where UK SBS is not named as the Contracting Authority within the documentation, UK SBS will be acting as an agent on behalf of the Contracting Authority.

Our broad range of expert services is shared by our customers. This allows our customers the freedom to focus resources on core activities; innovating and transforming their own organisations.

For full details of our partner base please review the following link: http://www.uksbs.co.uk/services/procure/contracts/Pages/default.aspx

Award information

Awarded date

7 October 2021

Contract start date

6 October 2021

Contract end date

12 November 2021

Total value of contract

£35,027

This contract was awarded to 1 supplier.

Hatch Associates Limited

Address

20 St. Andrew Street,
4th Floor,
London,
England,
EC4A 3AG

Reference

Companies House number: 02425546

Value of contract

£35,027

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Joe Wightman

Address

Polaris House, North Star Avenue
SWINDON
SN21FF
England

Telephone

01793425052

Email

joseph.wightman@uksbs.co.uk