Published date: 22 November 2018
This notice was replaced on 9 December 2019
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Opportunity (published 9 December 2019)
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Research and development services and related consultancy services - 73000000
Location of contract
Any region
Value of contract
£40,000
Procurement reference
tender_194574/728013
Published date
22 November 2018
Closing date
5 December 2018
Contract start date
15 January 2019
Contract end date
31 March 2019
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 UK and India have a strong partnership in financial services, driven by annual Economic and Financial Dialogues (EFDs) between Finance Ministers. During the meeting between the Prime Minister's Modi and May in April 2018, it was agreed to enhance the collaboration on financial services in particular on Insolvency, through a technical assistance programme .
Touted as one of the most significant reforms undertaken in modern era, the Insolvency and Bankruptcy Code (IBC), since its implementation in 2016 has played a significant role in resolving some of the largest and complex cases in the banking system, with the lenders making a significant recoveries, in some cases helping banks to recover 63% of outstanding amount.
Therefore, as a next step, the Government of India (GoI) is keen to address the missing feature of the current IBC code by further expanding the ambit of the law and develop the cross-border and personal insolvency regulatory framework.
Developing a coherent and transparent insolvency framework will help India not only in providing a crucial debt resolution and insolvency mechanism but will help strengthen the investment climate and advance economic growth, thereby reducing poverty in the country.
The UK, which has played a pivotal role in supporting the development of the IBC framework since its implementation is keen to support the GoI in its efforts to strengthen and design the new regulatory framework of insolvency law.
More information
Additional text
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In order to be considered for this project it and receive pre-qualification and/or tender information it is necessary that you register your company (including any relevant information requested) on the Foreign
& Commonwealth Office Procurement Portal, e-Bravo. Failure to do this will mean your company may not receive a Tender; no tenders will be issued via open e-mail.
Project 2001, ITT 2714 : India Programme - Support Development of Insolvency Regulatory Framework in India
How to apply in this Project:
1. Register your company on the eSourcing portal (this is only required once) - Browse to the eSourcing Portal: https://fco.bravosolution.co.uk and click the link to register. - Accept the terms and conditions
and click "continue" - Enter your correct business and user details - Note the username you chose and click "Save" when complete - you will shortly receive an e-mail with your unique password (please keep
this secure).
2. Login to the portal with the username/password - Click on the relevant Invitation to Tender (ITT) to access the content - You can now access any attachments by clicking the "Settings and Buyer
Attachments" in the "Actions" box;
Responding to the ITT - You can choose to "Reply" or "Reject" (please give a reason if rejecting) - You can now use the 'Messages' function to communicate with the buyer and seek clarification - Note the
deadline for completion, - There may be a mixture of online & offline actions for you to perform (there is detailed online help available), You must then publish your reply using the publish button in the
"Actions" box on the left-hand side of the page. If you require any further assistance please consult the the online help or contact the eTendering help desk.
Potential Providers should answer all questions as accurately and concisely as possible in the same order as the questions are presented. Where a question is not relevant to the Potential Provider's
organisation, this should be indicated, with an explanation. Where attachments are requested to be submitted within the electronic PQQ/ITT, these shall be submitted in a PDF format (Adobe or similar).
PQQ/ITT or Bids not submitted via the FCO's eProcurement portal will not be considered.
About the buyer
Contact name
Sudha Menon
Address
British High Commission, Shantipath
New Delhi
SW1A 2AH
England
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