Official UK procurement notice
Financial and Operational Due Diligence
Authority: UK Space Agency (Central government)
What is being bought
Published requirement descriptionA set of updated financial Due Diligence to be performed on two organisations, that is required following unforeseen developments in the market outside the control of UK Space Agency's that require urgently assessing to assist in programmatic decision making.
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Direct award
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- 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
- 11 Mar 2026, 09:54 GMT
- Last source update
- 10 Apr 2026, 16:05 BST
- FTS notice number
2026/S 000-032945- Latest notice
- Contract details notice (UK7)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0666f7Find a Tender
- Why no open competition
- Urgency
- Published justification
Extreme and unavoidable urgency
Developments within the industry that were outside of the control and unforeseeable in impact requires UKSA needs to act quickly to support it's interests and the sector this requires financial DD being performed to inform decision making that has become urgent with timelines not within our control as an organisation.
Ernst & Young, who have previously delivered the original work for UKSA/DSIT were chosen as the sole supplier capable of delivery. Their established familiarity with the ask and the organisations involved places them in a unique position to undertake this due diligence quickly and effectively, ensuring both efficiency and value for money.
How it was run
Official notice- Submission deadline
- —
Timeline
23 Mar 2026 → 10 Apr 2026 · 2 dates- Standstill ends217 days ago23 Mar 2026, 23:59 GMT
- Notice published200 days ago10 Apr 2026, 16:05 BST
Notice history
4 events · 3 releases on Find a Tender · since 11 Mar 2026- Transparency notice published11 Mar 2026, 09:54 GMTUK5
- Contract award notice published11 Mar 2026, 15:34 GMTUK6
- Contract signature expected24 Mar 2026, 23:59 GMTscheduled
- Contract details notice published10 Apr 2026, 16:05 BSTUK7
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Ernst & Young LLC, Ernst and Young LLPjoint award24 Mar 2026 – 31 Jul 2026 | £410,000 | 10 Mar 2026 | Awarded |
Contracts
Financial and Operational Due diligence · Ernst & Young LLC, Ernst and Young LLP
- Signed
- 27 Mar 2026
- Value
- £420,000
- Period
- 30 Mar 2026 – 31 Jul 2026
- Status
- active
3 agreed KPIs: Timely delivery and approval of contractual deliverables. · Customer engagement and communication · Meeting Attendance
- Timely delivery and approval of contractual deliverables.
- Customer engagement and communication
- Meeting Attendance
Contracting authority & participating public bodies
Bidders & participating suppliers
2 commercial parties on the notice- ERNST & YOUNG LLPAwarded supplier
- Ernst & Young LLCAwarded supplier
Official documents & specifications (3)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Transparency notice Transparency notice on Find a Tender