Official UK procurement notice
Outsourced Finance Director Managed Service (LSHW.002.2025)
Authority: Life Sciences Hub Wales Limited (Public body)
What is being bought
Published requirement descriptionLife Sciences Hub Wales seeks the provision of a suitably qualified, capable and experienced Outsourced Finance Director Managed Service to act as interim replacement for its outgoing Director of Finance and Resources.
The current Finance team at Life Sciences Hub Wales, sans the Director of Finance and Resources, is comprised of a part-time Finance Manager (0.6FTE, reporting to the Director of Finance and Resources) and an outsourced bookkeeper (circa 7 hours per week, reporting to the Finance Manager).
The Director of Finance and Resources is a member of the Life Sciences Hub Wales Senior Leadership Team, reporting directly to the CEO; the Outsourced Finance Director Managed Service representative(s) would also report directly to the CEO.
It is envisioned that 3-4 days per calendar month of Outsourced Finance Director Managed Service provision would satisfy the requirement of the service.
The required Outsourced Finance Director Managed Service provider would act as a replacement to the current Director of Finance and Resources, addressing and successfully completing the key financial and accounting activities currently undertaken within the role.
Full details of the requirement are provided in the Invitation to Tender document uploaded to Sell2Wales.
CPV: Accounting, auditing and fiscal services · Corporate finance and venture capital services · Financial consultancy, financial transaction processing and clearing-house services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£48,000
- Condition of participation
The successful supplier must offer suitably qualified staff for deployment to Life Sciences Hub Wales, qualified to ACA or ACCA as minimum (or an equivalent such as CIPFA).
The Contractor must either have valid Cyber Essentials Plus or ISO27001 certification (if not both) in place at the time of contract award, as minimum
The successful supplier must ensure that all elements of service provision are compliant with UK GDPR. Service provision will include the processing of personal data, therefore the successful supplier must accept and sign the Life Sciences Hub Wales Data Processing Agreement.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Quality Award Criteria: 70%
- Commercial Award Criteria: 30%
Published award criteria (2)
- Quality Award Criteria: The agreement (if awarded) shall go to the Supplier submitting the Most Advantageous Tender (MAT), in terms of value for money based on the award criteria outlined in Part 14.2.1 of the Invitation to Tender document. The Quality assessment shall carry 70% of the available 100%. The Quality assessment will be undertaken following the scoring methodology provided in Annex 1 of the Invitation to Tender document.
- Commercial Award Criteria: The Commercial assessment shall carry the remaining 30% of the available 100%. The Commercial assessment will be evaluated on a proportional vs best basis and will be evaluated using the calculation provided in Part 14.2.6 of the Invitation to Tender document.
- Condition of participation
The successful supplier must offer suitably qualified staff for deployment to Life Sciences Hub Wales, qualified to ACA or ACCA as minimum (or an equivalent such as CIPFA).
The Contractor must either have valid Cyber Essentials Plus or ISO27001 certification (if not both) in place at the time of contract award, as minimum
The successful supplier must ensure that all elements of service provision are compliant with UK GDPR. Service provision will include the processing of personal data, therefore the successful supplier must accept and sign the Life Sciences Hub Wales Data Processing Agreement.
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Below threshold - open competition
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Cancelled
- Procurement threshold
- Below threshold
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 20 Jun 2025, 15:55 BST
- Last source update
- 15 Jul 2025, 15:39 BST
- Authority reference
LSHW.002.2025- FTS notice number
2025/S 000-034156- Latest notice
- Procurement termination notice (UK12)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-055126Find a Tender
How it was run
Official notice- Submission deadline
- 4 Jul 2025, 14:00 BST
- Clarification deadline
- 2 Jul 2025, 16:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
Timeline
20 Jun 2025 → 15 Jul 2025 · 5 dates- Tender notice published20 Jun 2025, 15:55 BST
- Clarification questions by2 Jul 2025, 16:00 BST
- Submission deadline4 Jul 2025, 14:00 BST
- Contract starts14 Jul 2025, 00:00 BST
- Latest notice published15 Jul 2025, 15:39 BST
Notice history
9 events · 8 releases on Find a Tender · since 20 Jun 2025- Tender notice published20 Jun 2025, 15:55 BSTUK4
- Tender notice published24 Jun 2025, 11:35 BSTUK4
- Tender notice published25 Jun 2025, 10:14 BSTUK4
- Tender notice published26 Jun 2025, 14:54 BSTUK4
- Tender notice published30 Jun 2025, 14:45 BSTUK4
- Tender notice published30 Jun 2025, 15:10 BSTUK4
- Tender notice published3 Jul 2025, 14:21 BSTUK4
- Procurement termination notice published15 Jul 2025, 15:39 BSTUK12
- Status changed to complete15 Jul 2025, 15:39 BST
Published amendments (6)
24 June 2025 New document added: ITT Clarification Schedule (v1)
Second iteration (v2) of the Clarification Schedule uploaded 25 June.
Addition of v3 of the Clarification Schedule, added as a new document.
New document added - the latest version (v4) of the Clarification Schedule, providing a response to all clarification questions received to date (up to 30th June 2025).
New document added - the latest iteration (v5) of the Clarification Schedule, providing a response to all clarification questions received to-date (as of 30th June 2025).
Routine re-releases (8)
- 2025-06: 5 releases · 20 Jun 2025, 30 Jun 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| supplier not published | — | 11 Jul 2025 | CancelledThe decision not to award a contract, made in-line with Parts 6 and 7 of the Invitation to Tender document, has in this instance been taken as a result of Life Sciences Hub Wales not receiving a sufficient number of compliant and competitive tender responses in order to fully satisfy internal policy with respect to securing value-for-money through effective and robust competition. |
Contracting authority & participating public bodies
Official documents & specifications (19)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specifications The latest version (v4) of the Clarification Schedule, providing a response to all clarification questions received to date (up to 30th June 2025).
- Bidding documents and specifications The latest iteration (v5) of the Clarification Schedule, providing a response to all clarification questions received to-date (as of 30th June 2025).
- Bidding documents and specifications Sixth iteration (v6) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date.
- Bidding documents and specifications Version 1 (dated 24 June 2025) of the ITT Clarification Schedule, providing a response to all clarification questions received to date.
- Bidding documents and specifications Second iteration (v2) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date (25 June).
- Bidding documents and specifications Third iteration (v3) of the ITT Clarification Schedule, providing a response to all clarification questions received as of 26 June.
- Bidding documents and specifications Qualification Questionnaire The Qualification Questionnaire includes a number of Pass / Fail questions; unless otherwise clearly stated, wherever a question is stated as Pass / Fail a response of 'No' will be deemed as a failure to meet the Life Sciences Hub Wales minimum require…
- Bidding documents and specifications For the Quality Assessment tenderers are required to complete and return a Quality response template by responding to each of the Quality questions as per the guidance outlined within the template document and within the Invitation to Tender document.
Show 3 more documents
- Bidding documents and specifications For the Commercial Assessment tenderers are required to complete and return a Commercial response workbook by inserting the requested information as per the workbook guidance.
- Bidding documents and specifications Template Data Processing Agreement Shared for information and review, in-line with the requirements of the Qualification Questionnaire.
- Bidding documents and specifications Invitation to Tender Document for the provision of an Outsourced Finance Director Managed Service Provides full details of the requirement, response instructions and award process (including assessment criteria and scoring methodology).
Notices published for this procedure
- Procurement termination notice Procurement termination notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender