Summary
- OCID:
- ocds-h6vhtk-055126
- Published by:
- Life Sciences Hub Wales Ltd
- Authority ID:
- AA35378
- Publication date:
- 20 June 2025
- Deadline date:
- 04 July 2025
- Notice type:
- UK4
- Has documents:
- Yes
- Has SPD:
- No
- Has Carbon Reduction Plan:
- N/A
Abstract
Life Sciences Hub Wales seeks the provision of a suitably qualified, capable and experienced Outsourced Finance Director Managed Service to act as interim replacement for its outgoing Director of Finance and Resources.The current Finance team at Life Sciences Hub Wales, sans the Director of Finance and Resources, is comprised of a part-time Finance Manager (0.6FTE, reporting to the Director of Finance and Resources) and an outsourced bookkeeper (circa 7 hours per week, reporting to the Finance Manager). The Director of Finance and Resources is a member of the Life Sciences Hub Wales Senior Leadership Team, reporting directly to the CEO; the Outsourced Finance Director Managed Service representative(s) would also report directly to the CEO.It is envisioned that 3-4 days per calendar month of Outsourced Finance Director Managed Service provision would satisfy the requirement of the service.The required Outsourced Finance Director Managed Service provider would act as a replacement to the current Director of Finance and Resources, addressing and successfully completing the key financial and accounting activities currently undertaken within the role.Full details of the requirement are provided in the Invitation to Tender document uploaded to Sell2Wales.
Full notice text
Scope
Procurement reference
LSHW.002.2025
Procurement description
Life Sciences Hub Wales seeks the provision of a suitably qualified, capable and experienced Outsourced Finance Director Managed Service to act as interim replacement for its outgoing Director of Finance and Resources.
The current Finance team at Life Sciences Hub Wales, sans the Director of Finance and Resources, is comprised of a part-time Finance Manager (0.6FTE, reporting to the Director of Finance and Resources) and an outsourced bookkeeper (circa 7 hours per week, reporting to the Finance Manager).
The Director of Finance and Resources is a member of the Life Sciences Hub Wales Senior Leadership Team, reporting directly to the CEO; the Outsourced Finance Director Managed Service representative(s) would also report directly to the CEO.
It is envisioned that 3-4 days per calendar month of Outsourced Finance Director Managed Service provision would satisfy the requirement of the service.
The required Outsourced Finance Director Managed Service provider would act as a replacement to the current Director of Finance and Resources, addressing and successfully completing the key financial and accounting activities currently undertaken within the role.
Full details of the requirement are provided in the Invitation to Tender document uploaded to Sell2Wales.
Delivery regions
- UKL22 - Cardiff and Vale of Glamorgan
Total value (estimated, excluding VAT)
48000 GBP to 48000GBP
Contract dates (estimated)
14 July 2025, 00:00AM to 31 January 2026, 23:59PM
Extension end date (if all the extensions are used): 31 July 2026
Contracting authority
Life Sciences Hub Wales Ltd
Identification register:
Address 1: 3 Assembly Square
Town/City: Cardiff
Postcode: CF10 4PL
Country: United Kingdom
Website: http://www.lifescienceshubwales.com
Companies House: 08719645
Contact name: Adam James-Price
Email: adam.james-price@lshubwales.com
Organisation type: Public authority - sub-central government
Devolved regulations that apply: Wales
Procedure
Procedure type
Below threshold - open competition
Is the total value above threshold?
Below threshold
Lots
Divided into 1 lots
Lot number: 1
CPV classifications
- 66122000 - Corporate finance and venture capital services
- 79200000 - Accounting, auditing and fiscal services
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
Delivery regions
- UKL22 - Cardiff and Vale of Glamorgan
Lot value (estimated)
48000 GBP Excluding VAT
57600 GBP Including VAT
Sustainability
Small and medium-sized enterprises (SME)
Voluntary, community and social enterprises (VCSE)
Contract start date (estimated)
14 July 2025, 00:00AM
Contract end date (estimated)
31 January 2026, 23:59PM
Extension end date (estimated)
31 July 2026, 23:59PM
Can the contract be extended?
Yes
Description of extensions
At the sole discretion of Life Sciences Hub Wales the contract may be extended by a further 6-months, giving a latest possible date of expiry of 31st July 2026.
Participation
Conditions of participation
The successful supplier must offer suitably qualified staff for deployment to Life Sciences Hub Wales, qualified to ACA or ACCA as minimum (or an equivalent such as CIPFA).
The Contractor must either have valid Cyber Essentials Plus or ISO27001 certification (if not both) in place at the time of contract award, as minimum
The successful supplier must ensure that all elements of service provision are compliant with UK GDPR. Service provision will include the processing of personal data, therefore the successful supplier must accept and sign the Life Sciences Hub Wales Data Processing Agreement.
Award criteria
Type: quality
Name
Quality Award Criteria
Description
The agreement (if awarded) shall go to the Supplier submitting the Most Advantageous Tender (MAT), in terms of value for money based on the award criteria outlined in Part 14.2.1 of the Invitation to Tender document.
The Quality assessment shall carry 70% of the available 100%. The Quality assessment will be undertaken following the scoring methodology provided in Annex 1 of the Invitation to Tender document.
Weighting: 70.00
Weighting type: percentageExact
Type: cost
Name
Commercial Award Criteria
Description
The Commercial assessment shall carry the remaining 30% of the available 100%. The Commercial assessment will be evaluated on a proportional vs best basis and will be evaluated using the calculation provided in Part 14.2.6 of the Invitation to Tender document.
Weighting: 30.00
Weighting type: percentageExact
Submission
Tender submission deadline
04 July 2025, 14:00PM
Enquiry deadline
02 July 2025, 16:00PM
Submission address and any special instructions
https://www.sell2wales.gov.wales
May tenders be submitted electronically?
Yes
Coding
Commodity categories
| ID |
Title
|
Parent category
|
| 79200000 |
Accounting, auditing and fiscal services |
Business services: law, marketing, consulting, recruitment, printing and security |
| 66122000 |
Corporate finance and venture capital services |
Investment banking services and related services |
| 66170000 |
Financial consultancy, financial transaction processing and clearing-house services |
Banking and investment services |
Delivery locations
| ID |
Description
|
| 1020 |
East Wales |
Document family
|
Notice details
|
- Publication date:
- 15 July 2025
- Deadline date:
- Notice type:
- UK12
- Version:
- 1
- Authority name:
- Life Sciences Hub Wales Ltd
|
- Publication date:
- 20 June 2025
- Deadline date:
- 04 July 2025 14:00
- Notice type:
- UK4
- Version:
- 1
- Authority name:
- Life Sciences Hub Wales Ltd
|
About the buyer
- Main contact:
- n/a
- Admin contact:
- n/a
- Technical contact:
- n/a
- Other contact:
- n/a
Postbox
The awarding buyer has indicated that it will accept electronic responses to
this notice via the Tender Submission Postbox facility.
Submit your tender response electronically in a secure environment.
To create an electronic response please click the "Add to my interest list" button at the top of the page.
For more information on the Postbox Facility please refer to the user guide:
Additional documents
The following additional documents have been attached to this notice. To obtain these documents please select the individual file names below.
Current documents
pdf342.96 KB
This file may not be accessible.
docx89.12 KB
This file may not be accessible.
docx82.42 KB
This file may not be accessible.
xlsx32.10 KB
This file may not be accessible.
docx72.81 KB
This file may not be accessible.
Replaced documents
There are no previous versions of these documents.