Resolution Procurement Framework 2023
key details
| Value | £20,000,000 |
|---|---|
| Status | complete |
| Category (CPV) | 79400000 |
| Region | London |
| Deadline | 24 Mar 2023 |
| Procedure | open |
| OCID | ocds-h6vhtk-03a6a6 |
Awards (19)
This procurement was awarded to 19 suppliers. Values shown are per-award; the notice total is £20,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| 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.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 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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