Published date: 15 August 2022
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Mergers and acquisition services - 66121000
Financial consultancy, financial transaction processing and clearing-house services - 66170000
Actuarial services - 66519600
Pension fund consultancy services - 66523000
Feasibility study, advisory service, analysis - 71241000
Business analysis consultancy services - 72221000
Business services: law, marketing, consulting, recruitment, printing and security - 79000000
Accounting, auditing and fiscal services - 79200000
Economic research services - 79311400
Economic impact assessment - 79311410
Business and management consultancy and related services - 79400000
Location of contract
England
Value of contract
£14,000
Procurement reference
NCL001-DN617261-31394530
Published date
15 August 2022
Closing date
4 July 2022
Closing time
12pm
Contract start date
15 August 2022
Contract end date
14 August 2023
Contract type
Service contract
Procedure type
Restricted procedure
A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
NUA would like to retain an external company to carry out our due diligence checks. The company will undertake relevant, global and time saving due diligence, by providing comprehensive donor due diligence reports on individuals, companies, trusts and foundations who are at the stage of cultivation where they could be solicited for a philanthropic donation by NUA.
This is to ensure that any donation to Newcastle University would not cause any legal or reputational issues. The checks will help protect Newcastle University from fraud and reputational damage and guarantee a process that protects and boosts Newcastle University's reputation for the long term.
The outsourcing of due diligence checks will ensure that all Newcastle University stakeholders have access to, and understand, all available information relevant to safeguarding Newcastle University's reputation, including benefits and potential liabilities, to make fully informed decisions about accepting a philanthropic donation.
Over a 12-month period, the company will help support three major stages of the due diligence process:
1. Research
The company will provide a service that can mine all online data sources and deliver the specific insights needed, gathering data, and collecting information quickly and efficiently.
2. Analysis
The company will help decide what information is relevant and draw detailed, actionable insights from it, providing support to disambiguate data, helping NUA to save time and resources.
3. Delivery
The company will provide due diligence reports that are comprehensive, clear, and shareable via an automated platform.
Award information
Awarded date
12 August 2022
Contract start date
15 August 2022
Contract end date
14 August 2023
Total value of contract
£16,650
This contract was awarded to 1 supplier.
Xapien
Address
St John's Innovation Centre
Cowley Road
Cambridge
Cambridgeshire
United Kingdom
CB4 0WSReference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Address
Newcastle University
King's Gate
Newcastle upon Tyne
NE1 7RU
United Kingdom
Telephone
+44 1912086220
Website
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Closing: 4 July 2022, 12pm
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