Awarded contract

Finance Consultancy

  • University of Ulster

F03: Contract award notice

Notice reference: 2022/S 000-015310

Published 1 June 2022, 10:44am



Section one: Contracting authority

one.1) Name and addresses

University of Ulster

Block X Room X031, Cromore Road

Coleraine

BT52 1SA

Email

cm.egan@ulster.ac.uk

Telephone

+44 2870124227

Country

United Kingdom

NUTS code

UKN0 - Northern Ireland

National registration number

NIC100166

Internet address(es)

Main address

www.ulster.ac.uk

one.4) Type of the contracting authority

Body governed by public law

one.5) Main activity

Education


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

Finance Consultancy

Reference number

RM6197 Management Consultancy - Lot 4 finance

two.1.2) Main CPV code

  • 79400000 - Business and management consultancy and related services

two.1.3) Type of contract

Services

two.1.4) Short description

Finance Consultancy

two.1.6) Information about lots

This contract is divided into lots: No

two.1.7) Total value of the procurement (excluding VAT)

Value excluding VAT: £174,300

two.2) Description

two.2.2) Additional CPV code(s)

  • 66171000 - Financial consultancy services
  • 79210000 - Accounting and auditing services
  • 79311400 - Economic research services
  • 79311410 - Economic impact assessment

two.2.3) Place of performance

NUTS codes
  • UKN0 - Northern Ireland

two.2.4) Description of the procurement

The University is currently going through a period of change with new senior management at the helm. A new strategic plan is currently being developed and our approach within Finance is evolving to align. We are also taking the opportunity to look at our teams across the sections within Finance to redesign and improve services we provide. This will be an ongoing process over the next few years as we adapt each of our sections to meet the needs of stakeholders.

The initial area for development is Management Accounts. The team currently provides professional financial management support service to the four faculties and professional services departments within the University. Services provided include preparing the financial forecasts, controlling the budget setting process, providing financial management information and assisting with preparation of business plans and economic appraisals.

two.2.5) Award criteria

Price

two.2.11) Information about options

Options: Yes

Description of options

Call off Contract - starts from 20 June 2022 for an initial period of 2 years to 19 June 2024. With option to extend out to end of framework agreement (23 August 2025)

two.2.13) Information about European Union Funds

The procurement is related to a project and/or programme financed by European Union funds: No

two.2.14) Additional information

This Call -off Contract was awarded as a Direct Award under CCS - Management Consultancy Framework (MCF3) RM6197 - Lot 4 Finance


Section four. Procedure

four.1) Description

four.1.1) Type of procedure

Open procedure

four.1.3) Information about a framework agreement or a dynamic purchasing system

The procurement involves the establishment of a framework agreement

four.1.8) Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

four.2) Administrative information

four.2.1) Previous publication concerning this procedure

Notice number: 2021/S 188-490415


Section five. Award of contract

Title

Finance Consulancy

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

30 May 2022

five.2.2) Information about tenders

Number of tenders received: 1

Number of tenders received from SMEs: 1

Number of tenders received from tenderers from non-EU Member States: 1

Number of tenders received by electronic means: 1

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

KOSI Corporation Ltd

KOSI House, 3 The Old Gasworks

Newry

BT342DH

Country

United Kingdom

NUTS code
  • UKN0 - Northern Ireland
National registration number

NI602553

The contractor is an SME

Yes

five.2.4) Information on value of contract/lot (excluding VAT)

Total value of the contract/lot: £173,400


Section six. Complementary information

six.3) Additional information

RM6187 - Lot 4 Call off Commencement date 20 June 2022.

The anticipated spend on this contract is approximately £173,400 over the contract period; however, the University cannot give any guarantee as to the future value or volume of business awarded through this contract. The University reserves the right to modify this contract, under Regulation 72(1)(a) of the Public Contract Regulations 2015, in events of higher or lower spend necessitated by unexpected occurrences.

six.4) Procedures for review

six.4.1) Review body

High Court of Justice in Northern Ireland

Royal Courts of Justice, Chichester Street

Belfast

BT13JY

Country

United Kingdom

six.4.3) Review procedure

Precise information on deadline(s) for review procedures

Public Contract Regulations 2015 provide for agreed partied who have been harmed or at of risk from harm by a breach of the rules to take action in the High Court (NI).