Decision details

The authority identified a need to procure consultancy support to develop a Financial Investment Decision Making Framework. This will consist of an investment toolkit, smart investment targets, and a decision-making methodology.
Collectively, this activity will afford the MCA the ability to make consistent, standardised and efficient decisions on how best to affect financial investments.
A budget of £75,000 for this procurement was agreed. The subsequent procurement was in alignment with CPRs and bidders were invited to submit bids. Following evaluation and moderation a decision was made to award the contract to Grant Thornton at a contract fee of £60,338.

The contract to be awarded to Grant Thornton.

Option 1
The MCA considered whether this activity could be delivered in house. This option was rejected due to capacity constraints and the need to secure specialist skills.

Option 2
The MCA considered recruiting additional resource to support this activity. This option was rejected noting the relatively short timescales over which this activity would progress.

Option 3
In considering its options the MCA decided to acquire support via a procured professional services engagement.

In compliance with its Contract Procedure Rules the MCA considered a number of routes to market, settling on running a competitive tender exercise.

As a result of this exercise three bids were received and evaluated.