Due Diligence Framework

Description

This is a Contract Award Notice and as such the procurement process is complete. The diversity of projects HIE deals with from clients or delivered directly requires us to undertake due diligence which necessitate a wide range of skillsets to understand the proposals, appraise the merits and understand the investment risks. In most cases, due diligence is undertaken by HIE staff themselves, but from time to time there can be more complex challenges or resourcing issues which lead to a requirement for HIE to seek external support. The contract has been awarded under a multi supplier Framework basis to 3 suppliers. The Framework will commence in October 2020 for an initial period of 3 years, with HIE having the option to extend for a period or periods together not exceeding 1 year following the Initial Term. The initial 3 year budget currently available to deliver this service is between 540 000 GBP and 720 000 GBP (excluding VAT). The Objectives of the Framework are to: - support HIE’s decision making and resource prioritisation - provide access to specialist knowledge and - develop skills / build capacity in HIE. Types of support will include, but are not limited to: - financial reviews - strategic business reviews - assessing investor proposals - distress situations - R&D / Innovation - technical assessments / R&D tax assessments and - general technical assessments.