Published date: 17 February 2023

This notice was replaced on 18 November 2024

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

Awarded contract (published 18 November 2024)

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 and management consultancy and related services - 79400000

Location of contract

London

Value of contract

£0 to £20,000,000

Procurement reference

RPF23

Published date

17 February 2023

Closing date

24 March 2023

Closing time

4pm

Contract start date

19 May 2023

Contract end date

18 May 2027

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?

No

Description

The Bank of England ('the Bank') is looking to conduct an open tender procedure in 2023 for the re-tender of its Resolution Advisory Services Framework Agreement ("RPF2023") and is planning to tender for a 4-year framework agreement split across the following 5 lots:
- Lot 1 - Financial advice and valuation analysis;
- Lot 2 - Restructuring and insolvency;
- Lot 3 - Corporate financial advisory;
- Lot 4 - Operational review and analysis; and
- Lot 5 - Resolution delivery support
The RPF is the Bank's framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework (RAF). The Bank may seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support). The RPF represents the outcome of an initial competition to pre-select an appropriate panel of advisors for the aforementioned work.
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://supplierlive.proactisp2p.com/Account/Login

About the buyer

Contact name

Maneesh Sharma

Address

Threadneedle Street
LONDON
EC2R8AH
England

Email

maneesh.sharma@bankofengland.co.uk