Resolution Procurement Framework Agreement 2023

BANK OF ENGLAND · awarded 15 July 2023 · delivered in England

Who

Buyer	BANK OF ENGLAND LONDON
Suppliers	ACCENTURE (UK) LIMITED ALIXPARTNERS LTD Alantra Corporate Finance LLP Alvarez & Marsal LLP Bdo Llp Deloitte LLP ERNST & YOUNG LIMITED Evelyn Partners LLP FRP Advisory Group PLC FTI CONSULTING SERVICES LTD GRANT THORNTON LIMITED Interpath Ltd KROLL (U.K.) LIMITED MAZARS LIMITED North Highland UK Ltd OLIVER WYMAN CONSULTING LTD PRICEWATERHOUSECOOPERS LLP Reply Limited TENEO (UK) LIMITED
Category	services
Classification	Business and management consultancy and related services CPV 79400000
Notice published	18 November 2024

What it is for

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.

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