Published date: 8 December 2015

This notice was replaced on 8 December 2015

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 21 March 2018)

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

  • Business services: law, marketing, consulting, recruitment, printing and security - 79000000

Location of contract

Any region

Value of contract

£15,000 to £25,000

Procurement reference

PS150268

Published date

8 December 2015

Closing date

16 December 2015

Contract start date

21 December 2015

Contract end date

28 December 2015

Contract type

Service contract

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Shareholder Executive was formed in 2003 to improve the Government's performance as a shareholder in businesses. It currently has a portfolio of c.20 businesses in which Government has a shareholding, and works with government departments and management teams to help these businesses perform better.
The Shareholder Executive has also developed a wider role as a corporate finance resource within government which includes leading on asset sales and advising on corporate governance, companies in distress and other government commercial interventions. More recently it has also led on the incubation of new public bodies such a Green Investment Bank and the British Business Bank.
From 1 April 2016, the Shareholder Executive (currently part of the Department for Innovation and Skills and UK Finance Investments (a company wholly owned by Her Majesty's Treasury (HMT)) will merge into a new company, UK Government Investments, which will be 100% owned by HMT. The new private company will, therefore, be a public sector company but outside the mainstream Civil Service. It will have around 150 staff.
We are reviewing the remuneration levels for the new organisation to ensure that suitable structures are in place to enable us to continue to recruit people with private sector corporate finance and other commercial experience.
We are seeking to procure benchmarking information to help us develop our remuneration structures we will need from 1 April 2016.

More information

Attachments

Additional text

As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements.

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The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder.

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About the buyer

Contact name

Tom Ellis

Address

North Star House
Swindon
SN2 1FF
England

Telephone

01793 867066

Email

Thomas.ellis@uksbs.co.uk