Consultant to Produce Tender Specification

Tender description

Since 2016, the Scottish Government’s annual limits for Capital Borrowing were 450 million GBP with a cumulative limit of 3 billion GBP. However, following the 2023 fiscal framework agreement, Capital Borrowing limits will increase with inflation from April 2024. With the limits changing it is prudent to review the options available for Capital Borrowing to consider value for money, resource cost impact and maximising the use of the Fiscal Framework limits that are operational from April 2024. The Authority is therefore seeking consultancy support to produce a tender specification for the procurement of a financial advisor to support with the policy development, business case development, credit rating process, investor engagement and issuance. It was determined that the recommended route to market for this requirement was to call off from the Crown Commercial Services 2 Framework (RM6169). The framework will allow Scottish Government to procure specialist advice in corporate finance for central government and the wider public sector, including mergers and acquisitions, debt capital markets and financial portfolios. The Scottish Government will be calling off of Lot 4 – Debt Capital Markets. The ITT was issued to all suppliers on Lot 4 of the framework