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Published 12 Dec 2022, 16:53 GMT

Official UK procurement notice

Divisional Joined Due Diligence (SIETF/EETF/GGA/JTF)

Official notice

Authority: Scottish Government (Central government)

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: Scotland (UKM)
Published estimate£1,000,000exc. VAT
Submissions closed 31 Jan 2023awarded 27 Mar 2023
Awarded to Ernst & Young LLP (EY)

What is being bought

Published requirement description

The Scottish Government has a requirement to place a contract with an external service provider for the provision of Divisional Joined Due Diligence (SIETF/EETF/GGA/JTF).

All Projects seeking capital funding will be subject to a robust evaluation process prior to due diligence. The independent due diligence process is a vital element of the evaluation process for capital support and will include detailed financial, commercial and technical checks and verification.

The level of due diligence required will be based on the scale and complexity of the project. The four levels of due diligence required are.

Level 1 - Financial Due Diligence Only

Level 2 - Technical Due Diligence Only

Level 3 - Financial Due Diligence and Technical Due Diligence

Level 4 - Full Due Diligence

The contract will be for a period of 36 months with the option to extend for an additional 12 months.

CPV: Financial consultancy services

The lotProcurement structure

single lot · no lot value published
Lot #1The Scottish Government has a requirement to place a contract with an external service…AwardedRenewal

The Scottish Government has a requirement to place a contract with an external service provider for the provision of Divisional Joined Due Diligence (SIETF/EETF/GGA/JTF).

The contract will be for a period of 36 months with optional extension of a further 12 months

Delivery: Scotland
Extensions: Optional 12-month extension optionVariant bids: not allowed
66171000 Financial consultancy services

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 award criteria (2)
  • Quality: 70
  • Price: 30
Conditions of participation1
  • Economic & financial standing

    Financial Ratio

    Insurance

    Minimum: Financial Ratios. Tenderers to have a current ratio greater than 1 Current Ratio will be calculated as follows: Total current assets divided by Total current liabilities. Insurance. It is a requirement of this contract that bidders hold, or can commit to obtain prior to the comme…
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 · 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
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
12 Dec 2022, 16:53 GMT
Last source update
5 Apr 2023, 16:46 BST
Award evaluation window
31 Jan 2023 – …
Authority reference
CASE/611647
FTS notice number
2023/S 000-010034
Classification (CPV)
Financial consultancy services
Delivery area
Scotland (UKM)
Official registry OCID
ocds-h6vhtk-038cc1 Find a Tender

Publisher note: (SC Ref:728446)

How it was run

Official notice
Run through: Public Contracts Scotland · Who buys & how to bid on PCS
Supplier login requiredLanguage: EN
Access & registration note: Free single registration for Scotland; PCS-Tender (Jaggaer) for full bidding

Tender documents are also served through a separate tool: https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.htvml ↗

Submission deadline
31 Jan 2023, 12:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
31 Jan 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public… ↗

Timeline

31 Jan 2023 → 5 Apr 2023 · 4 dates
  1. Submission deadline
    31 Jan 2023, 12:00 GMT
  2. Bids opened
    31 Jan 2023, 12:00 GMT
  3. Bids must remain valid until
    31 Mar 2023, 23:59 BST
  4. Notice published
    5 Apr 2023, 16:46 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    5 Apr 2023, 16:46 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £1,000,0001 contract exc. VAT
Bids received 1
Contracts signed 1latest 27 Mar 2023
Awarded toValueDateStatus
Ernst & Young LLP (EY)£1,000,000 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
1bids · 0 electronic · 1 from abroad0——

Contracting authority & participating public bodies

Scottish Government

Contracting authorityCentral GovernmentBody governed by public lawGeneral public services 4 Atlantic Quay, 70 York St, Glasgow, Scotland, G2 8EAContact email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Edinburgh Sheriff Court and Justice of the Peace CourtReview body Edinburgh

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.