Find a TenderAwarded

Published 5 Feb 2021, 22:56 GMT

Official UK procurement notice

Consultancy Services and Training in Financial Services on Regulatory Sandbox in China

Official notice

Authority: Foreign, Commonwealth and Development Office (Central government)

ServicesOpen procedure

Sectors: Financial and insurance services (66) Delivery: 00

Awarded value£390,000published contract · exc. VAT

Awarded 18 Dec 2020

Awarded to Ernst & Young Transactions Limited

What is being bought

Published requirement description

The FCDO have awarded a contract to Ernst & Young Transactions Limited.

CPV: Financial consultancy services

The lotProcurement structure

single lot · no lot value published

Lot #1This project is aimed at improving the financial regulatory supervision for FinTech in…Awarded

This project is aimed at improving the financial regulatory supervision for FinTech in China. The

project is designed to enable the exchange of regulatory sandbox knowledge specifically between

the UK and China.

Ernst & Young will facilitate high quality knowledge exchange between the UK and China on this

topic through training sessions, and discussions resulting in support for more robust

implementation of a regulatory sandbox programme in China.

Delivery: 00

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

How bids were scored

Quality: 70%Price: 30%

Published sub-criteria (2)

technical: 70%
commercial: 30%

Published award criteria (2)

technical: 70
commercial: 30

What this means for your bid

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: 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: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 5 Feb 2021, 22:56 GMT
Last source update: 5 Feb 2021, 22:56 GMT
Authority reference: ecm 1694
FTS notice number: 2021/S 000-002419
Classification (CPV): Financial consultancy services
Delivery area: 00
Official registry OCID: ocds-h6vhtk-0290da Find a Tender

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £390,0001 contract exc. VAT

Bids received 3

Contracts signed 1latest 18 Dec 2020

Awarded to	Value	Date	Status
Ernst & Young Transactions Limited	£390,000 †	—	Awarded

Contracts

Contract 002419-2021-1 · Ernst & Young Transactions Limited
Signed
18 Dec 2020
Value
£390,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
3bids	—	—	—

Contracting authority & participating public bodies

Foreign Commonwealth and Development Office

Contracting authorityCentral GovernmentMinistry or any other national or federal authority, including their regional or local subdivisionsGeneral public services King Charles Street, London, UK, SW1A 2AHContact email, phone

Bidders & participating suppliers

1 commercial party on the notice

Ernst & Young Transactions LimitedAwarded supplier 22/F CITIC Tower 1 Tim Mei Ave Admiralty, Hong Kong, 00

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.