Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Scottish Government
4 Atlantic Quay, 70 York St
Glasgow
G2 8EA
UK
Contact person: Jonathan Nicolson
Telephone: +44 412425466
E-mail: jonathan.nicolson@gov.scot
NUTS: UKM
Internet address(es)
Main address: http://www.scotland.gov.uk
Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA10482
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Ministry or any other national or federal authority, including their regional or local subdivisions
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
DED - Commercial Advisor Framework 2
Reference number: 758186
II.1.2) Main CPV code
66171000
II.1.3) Type of contract
Services
II.1.4) Short description
SCOPE OF REQUIREMENTS
The scope of work will comprise of standard due diligence and financial governance. This is what will be termed ‘core’ work representing ongoing business activities of advice, guidance, reporting, engagement with the business, meetings and costing on a planned, regular programme. The second part relates to cases where we consider that more complex analysis will be required and that appropriate time and rates are proportionate for this activity.
Core Scope
Provision of advisory services as may be required to provide expert strategic, financial and commercial advice in respect of core services:
Advice & guidance
Analysis
Reporting
Work across all sectors of industry
Meetings and costing on a planned regular programme.
Additional Scope
The Scottish Government require the Service Provider to be able to provide all services outlined below across a range of possible intervention, investment or funding structures, including debt, guarantees, grants and equity:
Financial/Commercial due diligence.
Analysis and reports on potential mergers or acquisitions and disposal of assets, Insolvency, restructuring and turnaround advice
Specialist economic and market technical expertise relevant to government
Market analysis of relevant sectors, including those strategic to Scotland
Options Appraisal in line with the principles of HMT Green Book
Evaluation exercises in line with the principles of HMT Magenta Book
Strategic and commercial advice in respect of exit strategies for Scottish Government interventions
Financial Accounting assessments
Company valuations
Counterparty due diligence, addressing financial, commercial and reputational risks
Economic impact assessments
Commercial market operator assessment in support of a wider subsidy control assessment, working with appointed legal advisors and Scottish Government’s Legal Directorate and Subsidy Control Division. This will include appropriate pricing of any financial instruments to be applied to the transaction.
Undertaking a sale and marketing process for existing investments, including marketing the business for sale, engaging with prospective purchasers and negotiating commercial heads of terms
Forensic accounting assessments.
The Scottish Government require the Service Provider to provide all services outlined above for all noted transaction and intervention types. Should the Service Provider require the use of sub-contractor to fulfil the requirements this should be noted in the Tenderer’s Single Procurement Documents (SPD) and Technical response. Further details of the required services are detailed in Annex
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
15 000 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKM
II.2.4) Description of the procurement
The aim of the Framework Agreement is to establish a timely, efficient and effective mechanism to conduct a range of due diligence on commercial entities and companies in difficulty to inform decision making.
Due diligence assignments will encompass a wide range of activities including financial analysis, market information and risk assessment to inform the viability of companies facing challenges and assess the likelihood of a successful outcome.
It is envisaged that the appointed Service Providers will be multi-disciplinary agencies or consortia offering a range of integrated professional services including but not limited to: accountancy/financial management, and tax advice, commercial advisory services, restructuring and turnaround specialisms, specialist technical expertise such as economic and market analysis and other considerations including impacts of Subsidy Control (formerly State Aid).
II.2.5) Award criteria
Quality criterion: Methodology
/ Weighting: 20
Quality criterion: Management and Delivery Team
/ Weighting: 25
Quality criterion: Value for Money
/ Weighting: 20
Quality criterion: Tailored Approaches
/ Weighting: 20
Quality criterion: Community Benefits
/ Weighting: 5
Quality criterion: Fair Work First
/ Weighting: 5
Quality criterion: Business Continuity and Disaster Recovery
/ Weighting: 5
Price
/ Weighting:
40
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
A maximum of 6 Service Providers will be appointed to the Framework Agreement.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2025/S 000-028702
Section V: Award of contract
Contract No: 758186
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
31/10/2025
V.2.2) Information about tenders
Number of tenders received: 8
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 8
Number of tenders received by electronic means: 8
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Deloitte LLP
2, NEW STREET SQUARE
London
EC4A 3BZ
UK
Telephone: +44 2073030913
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
FRP Advisory
Level 2 The Beacon, 176 St Vincent Street
Glasgow
G2 5SG
UK
Telephone: +44 7935708468
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
PricewaterhouseCoopers LLP
1 Embankment Place
Londond
WC1N 6RH
UK
Telephone: +44 7841568922
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Grant Thornton UK LLP
110 Queen Street
Glasgow
G1 3BX
UK
Telephone: +44 1412230638
NUTS: UKM
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Interpath Ltd
10 Fleet Place
London
EC4M 7RB
UK
Telephone: +44 1416464282
NUTS: UKI31
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Teneo Restructuring Limited
110 West George Street
Glasgow
G2 1PJ
UK
Telephone: +44 1416191604
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 15 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
The buyer used PCS-Tender to conduct this Invitation to Tender (ITT) exercise. The Project code was 29380. For more information see:
http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343
The Question Scoring Methodology for Award Criteria was included in the invitation to tender as follows:
0 — Unacceptable. Nil or inadequate response. Fails to demonstrate an ability to meet the requirement.
1 — Poor. Response is partially relevant but generally poor. The response addresses some elements of the
requirement but contains insufficient/limited detail or explanation to demonstrate how the requirement will be
fulfilled.
2 — Acceptable. Response is relevant and acceptable. The response addresses a broad understanding of the
requirement but may lack details on how the requirement will be fulfilled in certain areas.
3 — Good. Response is relevant and good. The response is sufficiently detailed to demonstrate a good
understanding and provides details on how the requirements will be fulfilled.
4 — Excellent. Response is completely relevant and excellent overall.
The Framework value is an estimate which may increase or decrease over the Framework Term. Commitment to spend will only be agreed at each call off opportunity. The estimated value of the Framework Agreement in 10 million GPB with the option to extend this value to 15 million GPB. These values are estimates established during the development of the Framework Agreement.
(SC Ref:816269)
VI.4) Procedures for review
VI.4.1) Review body
Edinburgh Sheriff Court and Justice of the Peace Court
27 Chamber Street
Edinburgh
EH1 1LB
UK
Internet address(es)
URL: www.scotcourts.gov.uk/the-courts/court-locations/edinburgh-sheriff-court-and-justice-of-the-peace-court
VI.5) Date of dispatch of this notice
19/11/2025