Section one: Contracting authority
one.1) Name and addresses
Bank of England
London
EC2R 8AH
Contact
Chloe Ludlow-Gomm
chloe.ludlow-gomm@bankofengland.co.uk
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
https://www.bankofengland.co.uk/
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://supplierlive.proactisp2p.com/Account/Login
Additional information can be obtained from the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
RPF2024 (Supplier Engagement)
Reference number
REQ/1000120
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
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.
two.1.5) Estimated total value
Value excluding VAT: £20,000,000
two.1.6) Information about lots
This contract is divided into lots: Yes
two.2) Description
two.2.1) Title
Please see "Short Description" for Lot information.
Lot No
1-5
two.2.2) Additional CPV code(s)
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
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.
two.2.6) Estimated value
Value excluding VAT: £20,000,000
two.3) Estimated date of publication of contract notice
13 February 2023
Section four. Procedure
four.1) Description
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No