Official UK procurement notice
COV - Financial Advisors Framework 2021
Authority: Coventry City Council (Local council)
What is being bought
Published requirement descriptionCoventry 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.
- Recurrence: ahead of 4 year expiry
CPV: Financial and insurance services · Financial consultancy services
How this framework works
From the published notice- Places
- up to 2 suppliers
The lotProcurement structure
single lot · value publishedLot #1A competitive with negotiation procedure to establish a single lot framework with 2…RenewalPublished value£3,000,000
A competitive with negotiation procedure to establish a single lot framework with 2 suppliers for Financial Advisory Services.
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).
- Successive reduction
- Candidates will be reduced successively across stages
- “COV - Financial Advisors Framework 2021” is a framework: the contest is a place on its panel, up to 2 suppliers, not a single contract.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive procedure with negotiation
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- 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 · ahead of 4 year expiry
- First published
- 23 Mar 2021, 16:22 GMT
- Last source update
- 23 Mar 2021, 16:22 GMT
- Authority reference
COV - 10275- FTS notice number
2021/S 000-005892- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-029e75Find a Tender
- Electronic trading
- e-invoicing allowed
How it was run
Official notice- Appointment period ends
- 22 Apr 2021, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
Timeline
23 Mar 2021 → 22 Apr 2021 · 2 dates- Notice published23 Mar 2021, 16:22 GMT
- Admission / appointment period endsperiod end, not a bid countdown22 Apr 2021, 12:00 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Coventry City Council Procurement and CommisisoningReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria