RPF2024 (Supplier Engagement) · UK public procurement notice

The Bank of England (‘the Bank’) is looking to conduct an open tender procedure in 2023 for the re-tender of its Resolution Advisory Services Framework Agreement (“RPF2024”) and is planning to tender for a 4-year framework agreement split across the following 5 lots:

• Lot 1 – Financial advice and valuation analysis;
• Lot 2 – Restructuring and insolvency;
• Lot 3 – Corporate financial advisory;
• Lot 4 – Operational review and analysis; and
• Lot 5 – Resolution delivery support.

The RPF is the Bank’s framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework (RAF). The Bank may seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support). The RPF represents the outcome of an initial competition to pre-select an appropriate panel of Advisors for the aforementioned work.