Resolution Procurement Framework Agreement 2023

A Contract Award Notice
by BANK OF ENGLAND

Source
Contracts Finder
Type
Contract (Services)
Duration
3.5 year
Value
£1-£20M
Sector
BUSINESS
Published
18 Nov 2024
Delivery
15 Sep 2023 to 14 May 2027
Deadline
21 Apr 2023 11:00

Concepts

Location

Geochart for 1 buyers and 19 suppliers

1 buyer

19 suppliers

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.

Award Detail

1 Kroll (None)
  • Value: £20,000,000
2 Alantra Corporate Finance (London)
  • Value: £20,000,000
3 Pricewaterhousecoopers (London)
  • Value: £20,000,000
4 Reply (London)
  • Value: £20,000,000
5 North Highland (London)
  • Value: £20,000,000
6 Fti Consulting Services (Aldersgate)
  • Value: £20,000,000
7 Accenture (Old Bailey)
  • Value: £20,000,000
8 Evelyn Partners (London)
  • Value: £20,000,000
9 Ernst & Young (None)
  • Value: £20,000,000
10 Oliver Wyman Consulting (Grosvenor Pl)
  • Value: £20,000,000
11 Grant Thornton (None)
  • Value: £20,000,000
12 BDO (London)
  • Value: £20,000,000
13 Teneo (None)
  • Value: £20,000,000
14 Mazars (None)
  • Value: £20,000,000
15 Alvarez & Marsal (London)
  • Value: £20,000,000
16 Alixpartners (None)
  • Value: £20,000,000
17 FRP Advisory Group (London)
  • Value: £20,000,000
18 Interpath (London)
  • Value: £20,000,000
19 Deloitte (London)
  • Value: £20,000,000

CPV Codes

  • 79400000 - Business and management consultancy and related services

Indicators

  • Contract is suitable for SMEs.

Reference

Domains