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Resolution Procurement Framework 2023

BANK OF ENGLAND Published 18 Nov 2024 Find a Tender
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£20,000,000
Statuscomplete
Category (CPV) 79400000
RegionLondon
Deadline24 Mar 2023
Procedureopen
OCIDocds-h6vhtk-03a6a6

Awards (19)

This procurement was awarded to 19 suppliers. Values shown are per-award; the notice total is £20,000,000.

SupplierValueDateStatus
Accenture (UK) Limited shared · · active
Alantra Corporate Finance LLP shared · · active
Alixpartners Ltd shared · · active
Alvarez & Marsal LLP shared · · active
BDO LLP shared · · active
Deloitte LLP shared · · active
Ernst & Young LLP shared · · active
Evelyn Partners LLP shared · · active
FRP Advisory Group PLC shared · · active
FTI Consulting Management Limited shared · · active
Grant Thornton Limited shared · · active
Interpath Ltd shared · · active
Kroll Advisory Ltd shared · · active
Mazars GB Limited shared · · active
North Highland UK Limited shared · · active
Oliver Wyman Limited shared · · active
Pricewaterhousecoopers LLP shared · · active
Reply Limited shared · · active
Teneo Business Consulting Limited shared · · active

description

The Bank of England ('the Bank') conducted an open tender procedure for the re-tender of its Resolution Procurement Framework ("RPF") and has awarded 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 also seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support).

This framework has been awarded on a non-exclusive and no commitment basis, therefore the Bank is not committed to spending the full framework value and payment is only made as and when requirements arise and are awarded to suppliers.

notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
17 Feb 2023 Contract notice (F02) Earlier regulations 004954-2023
18 Nov 2024 Contract award notice (F03) Earlier regulations 037125-2024

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source

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