Resolution Procurement Framework Agreement 2023
Who
| Buyer | BANK OF ENGLAND — not a council we hold |
| Supplier | Accenture (UK) Limited |
| Supplier | Alantra Corporate Finance LLP |
| Supplier | ALIXPARTNERS LTD |
| Supplier | Alvarez & Marsal LLP |
| Supplier | BDO LLP |
| Supplier | Deloitte LLP |
| Supplier | Ernst & Young LLP |
| Supplier | Evelyn Partners LLP |
| Supplier | FRP Advisory Group PLC |
| Supplier | FTI CONSULTING SERVICES LTD |
| Supplier | GRANT THORNTON LIMITED |
| Supplier | Interpath Ltd |
| Supplier | KROLL (U.K.) LIMITED |
| Supplier | MAZARS LLP |
| Supplier | North Highland UK |
| Supplier | OLIVER WYMAN CONSULTING LTD |
| Supplier | PricewaterhouseCoopers LLP |
| Supplier | Reply Limited T/A Glue Reply |
| Supplier | TENEO (UK) LIMITED |
What
The Bank of England ('the Bank') conducted an open tender procedure for the re-tender of its Resolution Procurement Framework ("RPF") and has awarded 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 also seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support). This framework has been awarded on a non-exclusive and no commitment basis, therefore the Bank is not committed to spending the full framework value and payment is only made as and when requirements arise and are awarded to suppliers.
Dates and source
| Runs | 15 Sep 2023 to 14 May 2027 |
| OCID | ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9 |
| Notice | Read it on Contracts Finder |
Figures are as published An award value in OCDS may be a framework ceiling rather than a sum anyone expects to spend, so a large figure here is not evidence of a large purchase.