Published date: 31 January 2024
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Foreign economic-aid-related services - 75211200
Location of contract
SW1A 2AH
Value of contract
£65,000,000
Procurement reference
tender_307883/1309169
Published date
31 January 2024
Closing date
26 May 2023
Closing time
12pm
Contract start date
2 January 2024
Contract end date
1 January 2028
Contract type
Service contract
Procedure type
Open procedure (above threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
Yes
Description
This is a notification of the award of a contract to deliver the following.
FCDO pursues our national interests and projects the UK as a force for good in the world. We promote the interests of British citizens, safeguard the UK's security, defend our values, reduce poverty and tackle global challenges with our international partners.
Against a backdrop of continued slow growth, capital market uncertainty, and worsening debt positions for many developing countries, the International Finance Division's (IFD) objective is to support countries on the path to sustainable financing; breaking the cycles of unsustainable debt and need for debt relief and developing green and resilient capital markets.
We will do this by supporting countries to improve revenue mobilisation and strengthening responsible private sector and international financing. We also seek a step change in the way public finances are transparently managed and accounted for - from debt management to expenditure and procurement, through to greater financial preparedness for major disasters.
In support of this objective the Public Finance and Tax Department (PFTD) within IFD is establishing a UK Centre of Expertise for Public Finance to help partner countries access technical expertise as part of HMG's broader offer to developing countries. The Centre will provide access to world class peer-to-peer support, such as from HMRC, frontier learning from globally recognised UK institutions, and from local suppliers.
A new advisory offer, the Public Finance Resource Centre (PFRC) has been developed as part of this Centre of Expertise. The Resource Centre is intended to mobilise flexible technical assistance more quickly than is currently available, responding to clear demand for such support from partner countries.
FCDO were seeking to procure a service provider to manage the delivery arm of the new Public Finance Resource Centre (PFRC). The Resource Centre will support countries to become self-sufficient - shaping open and resilient economies and societies. It will do this by responding quickly and flexibly to windows of opportunity, identified by FCDO, to address key barriers to revenue mobilisation, transparent Public Financial Management (PFM), tax, macro-fiscal and debt management, where current delivery models struggle to respond in a timely way.
More information
Previous notice about this procurement
Public Finance Resource Centre (PFRC)
- Opportunity
- Published 31 March 2023, last edited 24 April 2023
Attachments
Award information
Awarded date
2 January 2024
Contract start date
2 January 2024
Contract end date
1 January 2028
Total value of contract
£65,000,000
This contract was awarded to 1 supplier.
Adam Smith International Ltd
Address
16 -18 New Bridge Street, London EC4V 6AG
Reference
No reference - other
Supplier is SME?
Yes
Supplier is VCSE?
No
About the buyer
Contact name
Graham Wray
Address
King Charles Street
London
SW1A 2AH
England
Telephone
+442070080932
Website
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Closing: 26 May 2023, 12pm
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