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Published 17 Feb 2023, 17:27 GMT

Official UK procurement notice

Resolution Procurement Framework 2023

Official notice

Authority: BANK OF ENGLAND·Consortium: 2 public authorities

Framework agreement5 lotsServicesOpen procedure
Sectors: Business Services & Consultancy (79) Delivery: UKLondon (UKI)
Framework ceiling (notional)£20,000,000total for 5 lots · framework ceiling, not attributable revenue
Submissions closed 24 Mar 2023awarded 15 Sept 2023
Lots 5see the lot list below

What is being bought5 lots · detail below

Published requirement 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.

CPV: Business and management consultancy and related services

How this framework works

From the published notice
Bids received
21 bids received · 19 suppliers appointed

Lots and requirements (5)Procurement structure

5 lots · no lot values published
Lot #1Financial Advice and Valuation AnalysisCancelled

Advice in relation to valuation analysis for banks, CCPs, or insurers for the purpose of resolution contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the Banking Act 2009.

Delivery: UK, London
Variant bids: not allowed
79400000 Business and management consultancy and related services
Lot #2Restructuring and InsolvencyCancelled

Planning and advice in connection with the bank (or building society) insolvency procedure (BIP), bank administration procedure (BAP) and the special administration procedure for investment firms ("SAR").

Delivery: UK, London
Variant bids: not allowed
79400000 Business and management consultancy and related services
Lot #3Corporate finance advisoryCancelled

Corporate finance advice and support to the Bank or a firm under the direction of the Bank in relation to preparing for execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan.

Delivery: UK, London
Variant bids: not allowed
79400000 Business and management consultancy and related services
Lot #4Operational review and analysisCancelled

Advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning.

Delivery: UK, London
Variant bids: not allowed
79400000 Business and management consultancy and related services
Lot #5Resolution support servicesCancelled

The Bank may require additional support to deliver resolvability or contingency resolution planning. Suppliers would provide support in a range of activities including, but not limited to, project planning, document production and review, or detailed operational planning to ensure that a resolvability assessment or resolution is executed successfully.

Delivery: UK, London
Variant bids: not allowed
79400000 Business and management consultancy and related services

What it takes to win
i

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 more
What this means for your bid
  • “Resolution Procurement Framework 2023” is a framework: the contest is a place on its panel, not a single contract.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes
First published
17 Feb 2023, 17:27 GMT
Last source update
18 Nov 2024, 09:32 GMT
Award evaluation window
26 Mar 2023 – …
Authority reference
CON/1001200
FTS notice number
2024/S 000-037125
Classification (CPV)
Business and management consultancy and related services
Delivery area
UKLondon (UKI)
Official registry OCID
ocds-h6vhtk-03a6a6 Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Appointment period ends
24 Mar 2023, 16:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
26 Mar 2023, 09:00 BST
Detailed submission instructions & authority contactsFrom official release

supplierlive.proactisp2p.com/Account/Login ↗

Timeline

24 Mar 2023 → 18 Nov 2024 · 3 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    24 Mar 2023, 16:00 GMT
  2. Bids opened
    26 Mar 2023, 09:00 BST
  3. Notice published
    18 Nov 2024, 09:32 GMT

Notice history

2 events · 2 releases on Find a Tender · since 18 Nov 2024
  1. Status changed to complete
    18 Nov 2024, 09:32 GMT
  2. Buyer details updated
    18 Nov 2024, 09:32 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 19admitted to the panel · see the list ↓
Bids received 21
Contracts signed 19latest 15 Sept 2023

19 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

All 19 of these contracts carry the same published figure, £20,000,000, the framework's maximum for the whole notice, not each contract's own value. They are not eleven separate sums.

  • Contract 037125-2024-1

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-10

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-11

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-12

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-13

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-14

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-15

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-16

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-17

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-18

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-19

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-2

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-3

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-4

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-5

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-6

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-7

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-8

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

  • Contract 037125-2024-9

    Signed
    15 Sept 2023
    Value
    ceiling above
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
21bids———

Contracting authority & participating public bodies

2 public bodies on the notice

BANK OF ENGLAND

Contracting authorityBody governed by public lawEconomic affairs Threadneedle Street, LONDON, UK, EC2R8AHContact email

Dispute resolution & review bodies

  • High Court, Royal Courts of JusticeReview body London

Framework contractors & participating bidders

19 commercial parties on the notice
Show 9 more suppliers

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.