Official UK procurement notice
Framework for the Provision of Commercial Advisors
Authority: Scottish Government (Central government)
What is being bought
Published requirement descriptionThe aim is to establish a timely, efficient and effective mechanism to conduct a range of urgent due diligence on companies in difficulty to inform decision making.
Due diligence assignments will encompass a wide range of activities including financial analysis, market information and risk assessment to inform the viability of companies facing challenges and assess the likelihood of successful outcome.
Six suppliers are appointed to the framework.
The estimated value of the Framework provides for the initial three years plus one potential extension year.
CPV: Business and management consultancy and related services
How this framework works
From the published notice- Places
- up to 6 suppliers · 11 bids received (1.8 per place) · 6 appointed (full)
The lotProcurement structure
single lot · value publishedLot #1The Rapid Response Unit (RRU) has been created to tackle a wide range of economic…AwardedRenewalPublished value£32,000,000
The Rapid Response Unit (RRU) has been created to tackle a wide range of economic challenges as a result of Covid-19 and Brexit to enhance The Scottish Government's (SG) support for business resilience and ensure ensure access to economic analysis, company information and sector specific inputs capable of obtaining risks and offering help and support.
Accordingly, to assist a business in crisis, the RRU will:
- Scale up and enhance analytical capacity to provide for evidence-based decisions on business support reinforced by a number of new systems and tools; and
- Scale up and enhance existing capacity to deal with actions emerging from special cases, where interventions involve repurposing or some other form of longer term support for transition before handing back to policy teams for business as usual activities.
Pace is critical when responding to companies at risk and the aim is to establish a timely, efficient and effective mechanism to conduct a range of due diligence on companies in difficulty to inform decision making.
Due diligence assignments will encompass a wide range of activities including financial analysis, market information and risk assessment to inform the viability of companies facing challenges and assess the likelihood of successful outcome.
It is uncertain as to the number of instances of referral of businesses in crisis and as each case will be unique, it is difficult to determine as to the duration of the due diligence that would be undertaken by commercial advisors. It is likely that the commercial advice and inputs required may vary considerably due to differing contexts and business considerations.
Six suppliers are appointed to the framework offering a range of integrated professional services including but not limited to: accountancy/financial management, and tax advice, commercial advisory services, restructuring and turnaround specialisms, specialist technical expertise such as economic and market analysis and other considerations including impacts of Subsidy Control (formerly State Aid).
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)
- Technical: 70%
- price: 30%
Published award criteria (2)
- Technical: 70
- Price: 30
- Economic & financial standing
Statement for 4B.4
Bidders must demonstrate a Current Ratio of no less than 1.0.
Current Ratio will be calculated as follows:
net current assets divided by net current liabilities.
There must be no qualification or contra-indication from any evidence provided in support of the bidders economic and financial standing.
Bidders should state if they have applied IFRS15 to their Accounts.
Minimum: Bidders must have in place the following minimum insurance levels: - Public Liability Insurance - 5,000,000 GBP - Professional Indemnity Insurance - 5,000,000 GBP - Employer’s Liability Insurance - 5,000,000 GBP Such insurances must be maintained for the duration of the Contract …
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
- “Framework for the Provision of Commercial Advisors” is a framework: the contest is a place on its panel, up to 6 suppliers, 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
- 9 Nov 2021, 11:54 GMT
- Last source update
- 29 Sept 2022, 10:25 BST
- Award evaluation window
- 25 Nov 2021 – …
- Authority reference
Case 565709- FTS notice number
2022/S 000-027285- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02efe4Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: (SC Ref:708114)
How it was run
Official noticeTender documents are also served through a separate tool: https://www.publictendersscotland.publiccontractsscotland.gov.uk/ ↗
- Appointment period ends
- 26 Nov 2021, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 25 Nov 2021, 12:00 GMT
Timeline
25 Nov 2021 → 29 Sept 2022 · 3 dates- Bids opened25 Nov 2021, 12:00 GMT
- Admission / appointment period endsperiod end, not a bid countdown26 Nov 2021, 12:00 GMT
- Notice published29 Sept 2022, 10:25 BST
Notice history
2 events · 3 releases on Find a Tender · since 9 Nov 2021- Deadline moved to 26 Nov 2021, 12:00 GMT9 Nov 2021, 11:54 GMT+1 days · was 25 Nov 2021, 12:00 GMT
- Status changed to complete29 Sept 2022, 10:25 BST
Published amendments (1 · 1 deadline change)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | DeadlineTime limit · IV.2.2 | 25 Nov 2021 | 26 Nov 2021 | +1 d |
| — | Bid openingConditions for opening of tenders · IV.2.7 | 25 Nov 2021 | 26 Nov 2021 | +1 d |
The date of 25th November was incorrect - this has been corrected to Friday 26th November 2021 as per the Invitation to Tender documentation
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
Contract 027285-2022-Case 565709-1
- Signed
- 31 Aug 2022
- Value
- £32,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 11bids · 11 electronic · 11 from abroad | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Edinburgh Sheriff Court and Justice of the Peace CourtReview body
Framework contractors & participating bidders
6 commercial parties on the notice- Ernst & Young LLP (EY)Framework contractor
- FRP AdvisoryFramework contractor
- Interpath AdvisoryFramework contractor
- McKinsey & CompanyFramework contractor
- PwCFramework contractor
- Teneo Restructuring LimitedFramework contractor
Official documents & specifications (1)
Official links; attachments are not copiedTender pack and attachments
- Technical selection criteria