# Resolution Procurement Framework Agreement 2023

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [BANK OF ENGLAND](/buyers/bank-of-england/contract-awards)
- Contract winner: KROLL \(U\.K\.\) LIMITED
- Award value: £20,000,000
- Tender value: £20,000,000
- Award date: 15 July 2023
- Published: 18 November 2024
- Contract start: 15 September 2023
- Contract end: 14 May 2027
- Stage: awarded
- Procurement category: services
- Notice ID: 3b466f74-b289-4483-9ef8-71d8297d66fc-803118
- OCID: ocds-b5fd17-eab3ae63-b9a0-495b-b317-8dcadf1893f9

## Description

The Bank of England \('the Bank'\) conducted an open tender procedure for the re-tender of its Resolution Procurement Framework \("RPF"\) and has awarded a 4-year framework agreement split across the following 5 lots: - Lot 1 - Financial advice and valuation analysis; - Lot 2 - Restructuring and insolvency; - Lot 3 - Corporate financial advisory; - Lot 4 - Operational review and analysis; and - Lot 5 - Resolution delivery support\. The RPF is the Bank's framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress\. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework \(RAF\)\. The Bank may also seek advisory support to deliver a resolution \(e\.g\. resolution valuations or insolvency practitioner support\)\. This framework has been awarded on a non-exclusive and no commitment basis, therefore the Bank is not committed to spending the full framework value and payment is only made as and when requirements arise and are awarded to suppliers\.

## Related contract awards

- [LSEG Market Data Research](/contracts/ocds-b5fd17-5d779274-0ec5-4c82-80f7-3bb65f2631dc): BANK OF ENGLAND
- [LSEG Market Data Research - Supplementary services](/contracts/ocds-b5fd17-d1900731-9460-48ce-b870-93bf53e7368f): BANK OF ENGLAND
- [Provision of Data Protection Hardware, Software and Support](/contracts/ocds-b5fd17-87a62014-e032-4f86-8372-18092a16a34a): BANK OF ENGLAND

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/3b466f74-b289-4483-9ef8-71d8297d66fc-803118)