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| Source: | Find a Tender Service (FTS) |
| Notice Type: | Pipeline / planning |
| Buyer: | Bank of England |
| Main Category: | Services |
| Procurement Method: | — |
| Tender Status: | Pre-tender |
| Estimated Value (ex. VAT): |
Pipeline status
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Estimated Value
£20,000,000
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| Release Date: | 19 December 2022 |
| Application Deadline: | — |
| Procurement ID (OCID): | ocds-h6vhtk-039242 |
| Notice Reference: | 035785-2022 |
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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.