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ClosedFind a Tender · tender

COV - Financial Advisors Framework 2021

Buyer: Coventry City Council →

Participate on in-tendhost.co.uk ↗External submission platform

BuyerCoventry City Council
StatusClosed
Deadline22 Apr 2021
Value£3,000,000
Published23 Mar 2021

What is being bought

Coventry City Council (CCC) is keen to focus on commercialisation with the aim of reducing it’s resource burden;-Investing capital to realise sustainable, long term revenue;-Creating value from existing Council assets by creating or expanding traded services; and-Doing more with less, by adopting a commercial approach to core service delivery.The Council has been proactive over the last 3 years in creating such opportunities and is exploring a number of further projects and initiatives.Further projects and initiatives will be explored with service colleagues during 2021, with an aspiration for an additional 5 ‘big ticket’ projects to be identified and progressed through the feasibility stages.The scope of the necessary input for financial advisors will vary by project, and by the stage of the project and the Council is looking to appoint 2 suppliers to work with it via a framework arrangement over the next 4 years.

Delivery location

UKG33

Categories

Financial consultancy services 66171000Financial and insurance services 66000000

Lot details

Lot 1

A competitive with negotiation procedure to establish a single lot framework with 2 suppliers for Financial Advisory Services.

Statusactive
Value£3,000,000

What is included

ItemCategoryQuantity
1Financial consultancy servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Financial consultancy services (66171000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 662,7583 median · 17.2 average (1,186 of 2,758 with a bid count)2.5 average (1,318 of 2,758 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published
Delivery region: UKG3364 median · 9.7 average (3 of 6 with a bid count)2 average (3 of 6 with named award suppliers)Not published
Similar published value (0.5×–2×)20711.5 median · 11.5 average (2 of 207 with a bid count)6 average (2 of 207 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementYes
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementYes
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

  • economicSelectionCriteria
  • technicalSelectionCriteria

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-029e75
Latest release ID005892-2021
Latest release timestampTue Mar 23 2021 16:22:40 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodselective
Procurement method detailsCompetitive procedure with negotiation
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: end2021-04-22T12:00:00+01:00
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailshttps://in-tendhost.co.uk/csw-jets
Submission languagesen
Electronic catalogue policyNot published
Total tender value£3,000,000
Tender lots in source1
Tender items in source1
Tender documents in source2
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
23 Mar 2021tender005892-2021

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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Complete JSON history (1 releases)
23 Mar 2021 · 005892-2021 · tender
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