Financial Advice in relation to Government Support to the UK Aviation Sector

Official notice

Authority: Department for Transport (Central government)

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: UK

Awarded value£576,000published contract · exc. VAT

Awarded 25 Jan 2022no call for competition

Awarded to Rothschild & Co Limited

What is being bought

Published requirement description

Due to the COVID-19 virus outbreak, there has been a very significant detrimental impact on the aviation sector, both globally and within the UK. This has led to the deteriorating financial position of many entities in the UK aviation market. The Government has already made available support in the form of an unprecedented package of economic measures, including support through loan guarantees, support for exporters, and financial support for employees.

Through delivery of the project, the Government is refreshing and deepening its understanding and knowledge of the financial positions of entities in the aviation sector and developing a stronger evidence base in making both short- and long-term decisions.

Any detailed formal discussions and negotiations with companies seeking financial support will likely require dedicated financial advisor support which would be procured separately and additionally to this overarching contract.

CPV: Financial consultancy services

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: UK

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 10 Feb 2022, 22:45 GMT
Last source update: 10 Feb 2022, 22:45 GMT
Authority reference: TAVI3092
FTS notice number: 2022/S 000-003936
Classification (CPV): Financial consultancy services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-0315fb Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: This was a Call-Off from the Crown Commercial Service RM6169 Corporate Finance Services 2 Framework. Suppliers on this Framework were directly invited to compete via Jaggaer and e-mail.

Publisher note: This was competed under the Crown Commercial Services RM6169 Corporate Finance Services 2 Framework

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £576,0001 contract exc. VAT

Bids received 4

Contracts signed 1latest 25 Jan 2022

Awarded to	Value	Date	Status
Rothschild & Co Limited	£576,000 †	—	Awarded

Contracts

Financial Advice in relation to Government Support to the UK Aviation Sector · Rothschild & Co Limited
Signed
25 Jan 2022
Value
£576,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
4bids	—	—	—

Contracting authority & participating public bodies

Department for Transport

Contracting authorityCentral GovernmentMinistry or any other national or federal authority, including their regional or local subdivisionsGeneral public services London, UKContact email

Bidders & participating suppliers

1 commercial party on the notice

Rothschild & Co LimitedAwarded supplier London, UK

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.