Published date: 19 December 2022

Last edited date: 21 December 2022

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.


Closing: 18 January 2023, 12pm

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Economic impact assessment - 79311410

  • Business and management consultancy and related services - 79400000

Location of contract

United Kingdom, Isle of Man, Channel Islands, British Oversea Territories, Europe, Rest of the World

Value of contract

£20,000,000

Procurement reference

980ca451-ea11-4b3a-a5a5-ddec1b3b26d1

Published date

19 December 2022

Closing date

18 January 2023

Closing time

12pm

Contract start date

11 July 2023

Contract end date

10 July 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 ("RPF2024") 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.

This PIN is intended to obtain expressions of interest from market suppliers in relation to the described services. The Bank would like to invite interested suppliers to participate in an upcoming market engagement event (taking place in W/C 23 January 2023).
In order to register your interest for this opportunity, and participate in the event, please contact the Bank's procurement team via the dialogue functionality on the Bank's eTendering portal Proactis.
https://supplierlive.proactisp2p.com/Account/Login
Further information relating to the services and the planned event will be shared with those suppliers who register their interest to the Bank's procurement team.
Please note: this framework agreement would be awarded on a non-exclusive and non-commitment basis and the estimated contract value is only payable for services called upon by the Bank throughout the life of the framework.

More information

Links

About the buyer

Contact name

Chloe Ludlow-Gomm

Address

Bank of England, Threadneedle Street
, ,
London
EC2R 8AH
UNITED KINGDOM

Email

Chloe.Ludlow-Gomm@bankofengland.co.uk