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Tenfell
Awarded contract
Published 20 Sep 2021

UKEF Financial Reporting Changes Phases 3 and 4

Department for International Trade · United Kingdom

Key facts

Contract value
£8,500,000
Awarded
02 Sep 2021
Contract starts
02 Sep 2021
Contract ends
03 Sep 2024
Procedure
Call-off from a framework agreement (framework)
Buyer type
Central government

Awarded to

SupplierValue
PRICEWATERHOUSECOOPERS LLP£8,500,000

Description

The Secretary of State for the Department for International Trade (DIT) on behalf of The Department for UK Export Finance (UKEF) (the "Customer"), has a requirement for Financial Reporting Changes - phases 3&4.

The full specification is provided with the contract document, but in summary the requirement is for the provision of an experienced Delivery Partner with a broad range of capabilities and experience to assist with a project to ensure compliance with two financial standards IFRS 9 and IFRS 17 (collectively referred to as the Standards). The Delivery Partner will design a programme to help the Customer implement the Standards and then assist the Customer in implementing the programme (the Programme).

The contract shall be for a period of 3 years, with the contractual option(s) to extend by a further 12 months. The requirement has an estimated total value of £8.5m (ex-VAT). Total estimated Year 1 fees will be £5.6m.

Categories (CPV)

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