Public Finance Resource Centre (PFRC)

Concepts

• foreign economic aid
• public finance resource centre
• public finance
• international financing
• public financial management
• transparent public financial management
• the public finance resource centre
• sustainable financing
• finance
• resource

Location

Global

Description

FCDO pursues our national interests and projects the UK as a force for good in the world. We promote the interests of British citizens, safeguard the UK's security, defend our values, reduce poverty and tackle global challenges with our international partners. Against a backdrop of continued slow growth, capital market uncertainty, and worsening debt positions for many developing countries, the International Finance Division's (IFD) objective is to support countries on the path to sustainable financing; breaking the cycles of unsustainable debt and need for debt relief and developing green and resilient capital markets. We will do this by supporting countries to improve revenue mobilisation and strengthening responsible private sector and international financing. We also seek a step change in the way public finances are transparently managed and accounted for - from debt management to expenditure and procurement, through to greater financial preparedness for major disasters. In support of this objective the Public Finance and Tax Department (PFTD) within IFD is establishing a UK Centre of Expertise for Public Finance to help partner countries access technical expertise as part of HMG's broader offer to developing countries. The Centre will provide access to world class peer-to-peer support, such as from HMRC, frontier learning from globally recognised UK institutions, and from local suppliers. A new advisory offer, the Public Finance Resource Centre (PFRC) has been developed as part of this Centre of Expertise. The Resource Centre is intended to mobilise flexible technical assistance more quickly than is currently available, responding to clear demand for such support from partner countries. FCDO were seeking to procure a service provider to manage the delivery arm of the new Public Finance Resource Centre (PFRC). The Resource Centre will support countries to become self-sufficient - shaping open and resilient economies and societies. It will do this by responding quickly and flexibly to windows of opportunity, identified by FCDO, to address key barriers to revenue mobilisation, transparent Public Financial Management (PFM), tax, macro-fiscal and debt management, where current delivery models struggle to respond in a timely way.

Total Quantity or Scope

The contract will operate for 48 months from the Commencement Date with a number of break points and extensions as detailed below. The total budget available for the services to be provided under this contract will be between £14,000,000 and £65,000,000 (inclusive of all applicable taxes). • First potential extension: As above upper value limit - time extension only of up to 36 months • Followed by a second extension of up to 36 months and up to an additional £28,000,000 taking the total contract value up to a maximum of £93,000,000. The contract will be subject to the following break points: 1. Contract mid-term review point, 24 months after contract commencement 2. Pre-First Extension at around 42 months from the commencement date following an independent programme mid-term review which will inform whether the FCDO takes up the first extension 3. Pre-Second Extension - up to 6 months prior to the first extension expiring the FCDO will conduct a further review which will inform if the FCDO takes up the option for the second extension. Key characteristics and skills we are seeking in a Supplier will be detailed in the Terms of Reference (ToR). FCDO would welcome the participation of both national and international organisations.

Award Detail

Award Criteria

CPV Codes

• 75211200 - Foreign economic-aid-related services

Indicators

• Award on basis of price.