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planned
Official procurement procedure

RPF2024 (Supplier Engagement)

Business and management consultancy and related services
UK
Published value
£20,000,000
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Bank of England: "RPF2024 (Supplier Engagement)". Published status: planned. Published value: £20,000,000. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityBank of EnglandScope & CategoriesNot publishedSubmission Window
planned
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)£20,000,000
Bidder Intelligence · Authority Profile: Bank of England
Market Analytics
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Derived from OCDS awards & bid statistics
Published history for Bank of England. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
Not availableNo published reports
Bid counts are not published for this buyer
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 0 active published awards; 0 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityBank of England
Procedure methodNot published
Procurement categoryNot published
Statusplanned
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published19 Dec 2022, 09:47 GMT
Last source update19 Dec 2022, 09:47 GMT
Recurring procurementNot published
ClassificationBusiness and management consultancy and related services
Delivery area
UK
OCIDocds-h6vhtk-039242
What is being bought
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.
What changed
From the official release history
  1. Published value updated to £20,000,000
    19 Dec 2022, 09:47 GMT
  2. Status changed to planned
    19 Dec 2022, 09:47 GMT
  3. Official notice release published
    19 Dec 2022, 09:47 GMT
  4. Buyer information updated
    19 Dec 2022, 09:47 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1-5
    Please see "Short Description" for Lot information.
    planned
    Published value£20,000,000
    This PIN is intended to obtain expressions of interest from market suppliers in relation to the described services. The Bank would like to invite interested suppliers to participate in an upcoming market engagement event (taking place in W/C 23 January 2023). In order to register your interest for this opportunity, and participate in the event, please contact the Bank’s procurement team via the dialogue functionality on the Bank’s eTendering portal Proactis. https://supplierlive.proactisp2p.com/Account/Login Further information relating to the services and the planned event will be shared with those suppliers who register their interest to the Bank’s procurement team. Please note: this framework agreement would be awarded on a non-exclusive and non-commitment basis and the estimated contract value is only payable for services called upon by the Bank throughout the life of the framework.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    19 Dec 2022, 09:47 GMT
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

Bank of England

Contracting authority GB-FTS-45842
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published