Official UK procurement notice
ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance
Authority: The Arts Council of England (Central government)
What is being bought2 lots · detail below
Published requirement descriptionArts 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.
CPV: Accounting review services · Accounting services
How this framework works
From the published notice- Bids received
- 2 bids received · 1 suppliers appointed
- Framework period
- 2 yrs from 17 Feb 2025
Lots and requirements (2)Procurement structure
2 lots · no lot values published · win at most 1 of them · same evaluation weights on every lotLot #1will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under £15 million)CancelledRenewal
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: www.delta-esourcing.com/respond/565EGV5477 ↗
Lot #2will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly £15 million or above)CancelledRenewal
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.
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 Technical: 90%
- Commercial: 10%
Published award criteria (2)
- Quality Technical: 90
- Commercial: 10
- Suitability
One individual within the bidder organisation must hold a current insolvency licence (or will do prior to contract commencement) for estimating the outcome for the lender from an insolvent borrower.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 10 of 100 points: a 10% discount moves about 1 point. The method statement decides this lot, not the discount.
- “ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture…” is a framework: the contest is a place on its panel, not a single contract.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- 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
- No (one-off requirement)
- First published
- 31 Oct 2024, 19:05 GMT
- Last source update
- 5 Mar 2025, 16:05 GMT
- Award evaluation window
- 2 Dec 2024 – …
- Authority reference
ACE 614 ITT- FTS notice number
2025/S 000-008096- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04b31eFind a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=931466015 GO Reference: GO-202535-PRO-29658573
How it was run
Official notice- Appointment period ends
- 2 Dec 2024, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 2 Dec 2024, 12:00 GMT
Timeline
2 Dec 2024 → 5 Mar 2025 · 4 dates- Admission / appointment period endsperiod end, not a bid countdown2 Dec 2024, 12:00 GMT
- Bids opened2 Dec 2024, 12:00 GMT
- Contract starts17 Feb 2025
- Notice published5 Mar 2025, 16:05 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete5 Mar 2025, 16:05 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.
Contracts
ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance
- Signed
- 20 Feb 2025
- Value
- £166,667
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic | 2 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Courts of JusticeReview body
Framework contractors & participating bidders
1 commercial party on the notice- Festivals and Events International LtdFramework contractor
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria