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Official procurement procedure

ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance

Accounting review services
Accounting services
UK
Published value
Not published
Submission deadline Not published
Lots published2
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Arts Council England: "ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance". Published status: complete. Published value: Value not published. 2 published lots. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityArts Council EnglandScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Arts Council England
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Arts Council England. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
13Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 2 active published awards; 2 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityArts Council England
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSFramework
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published5 Mar 2025, 16:05 GMT
Last source update5 Mar 2025, 16:05 GMT
Recurring procurementNot published
ClassificationAccounting review services, Accounting services
Delivery area
UK
OCIDocds-h6vhtk-04b31e
What is being bought
Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme. As part of the government’s response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing £250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors.
What changed
From the official release history
  1. tender value changed
    5 Mar 2025, 16:05 GMT
  2. Status changed to complete
    5 Mar 2025, 16:05 GMT
  3. Official notice release published
    5 Mar 2025, 16:05 GMT
  4. Submission deadline changed to published date
    5 Mar 2025, 16:05 GMT
  5. Published value updated to £200,000
    31 Oct 2024, 19:05 GMT
  6. Status changed to active
    31 Oct 2024, 19:05 GMT
  7. Official notice release published
    31 Oct 2024, 19:05 GMT
  8. Submission deadline changed to 2 Dec 2024, 12:00 GMT
    31 Oct 2024, 19:05 GMT
  9. Buyer information updated
    31 Oct 2024, 19:05 GMT
Lots and requirements (2)
Published by the contracting authority
  • Lot 1 · #1
    Lot 1: will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under £15 million)
    cancelled
    Published valueNot published
    Lot 1: will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under £15 million). Other factors such as: the nature of the lender’s (DCMS) security documentation, structure of the borrower organisation, and any other debt belonging to the borrower organisation, will all affect the complexity of the review, and classification of borrower organisations into the lots by the project team. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/565EGV5477
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 2 · #Lot 2
    Lot 2: will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly £15 million or above)
    cancelled
    Published valueNot published
    Lot 2: will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly £15 million or above). Other factors such as: the nature of the lender’s (DCMS) security documentation, structure of the borrower organisation, and any other debt belonging to the borrower organisation, will all affect the complexity of the review, and classification of borrower organisations into the lots by the project team.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    5 Mar 2025, 16:05 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 20 Feb 2025, 00:00 GMT · £166,667
Commercial outcome and competition
Awards
Festivals and Events International Ltd
Not published · Not published · active
Contracts
ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance
£166,667 · signed 20 Feb 2025, 00:00 GMT · active
Bid statistics
bids: 2
electronicBids: 2
foreignBidsFromEU: 0
foreignBidsFromNonEU: 0
smeBids: 2
Buyer and organisations in this procedure

Arts Council England

Contracting authority GB-FTS-75824
View buyer profile

  • Arts Council England
    buyer

    The Hive, 49 Lever Street, Manchester, UK, M1 1FN
    procurement.services@artscouncil.org.uk
    +44 1619344317

  • Festivals and Events International Ltd
    supplier

    06434297
    International House, 36-38 Cornhill, London, UK, EC3V 3NG

  • Royal Courts of Justice
    reviewBody

    Strand, London, WC2A 2LL
Documents (0)
Official links; attachments are not copied
No data
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Related procedures (0)
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