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Awarded

Resolution Procurement Framework Agreement 2023

Published

Supplier(s)

KROLL (U.K.) LIMITED, Alantra Corporate Finance LLP, PricewaterhouseCoopers LLP, Reply Limited, North Highland UK Ltd., FTI CONSULTING SERVICES LTD, Accenture (UK) Limited, EVELYN PARTNERS LLP, ERNST & YOUNG LIMITED, OLIVER WYMAN CONSULTING LTD, GRANT THORNTON LIMITED, TENEO (UK) LIMITED, Mazars Limited, Alvarez & Marsal LLP, ALIXPARTNERS LTD, FRP Advisory Group PLC, INTERPATH LTD, Deloitte LLP

Value

20,000,000 GBP

Description

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.

Timeline

Award date

a year ago

Publish date

4 days ago

Buyer information

Bank of England

Contact:
Maneesh Sharma
Email:
maneesh.sharma@bankofengland.co.uk

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Notice topic

Business and management consultancy and related services

Related topics

Crisis management servicesManagement-related servicesBusiness and management consultancy servicesBusiness services: law, marketing, consulting, recruitment, printing and security

Source

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