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Resolution Procurement Framework Agreement 2023

Contracts Finder notice active GET /api/v1/contracts/87068
£20,000,000
value
GBP
15 Jul 2023
awarded
19
suppliers named

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.