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PROCUREMENT OPPORTUNITY

Outsourced Finance Director Managed Service (LSHW.002.2025)

Life Sciences Hub Wales Ltd · Tender notice on Find a Tender

Tender information last checkedLast checked 30 Sept 2026, 04:43.

Opportunity overview

Life Sciences Hub Wales seeks the provision of a suitably qualified, capable and experienced Outsourced Finance Director Managed Service to act as interim replacement for its outgoing Director of Finance and Resources. The current Finance team at Life Sciences Hub Wales, sans the Director of Finance and Resources, is comprised of a part-time Finance Manager (0.6FTE, reporting to the Director of Finance and Resources) and an outsourced bookkeeper (circa 7 hours per week, reporting to the Finance Manager). The Director of Finance and Resources is a member of the Life Sciences Hub Wales Senior Leadership Team, reporting directly to the CEO; the Outsourced Finance Director Managed Service representative(s) would also report directly to the CEO. It is envisioned that 3-4 days per calendar month of Outsourced Finance Director Managed Service provision would satisfy the requirement of the service. The required Outsourced Finance Director Managed Service provider would act as a replacement to the current Director of Finance and Resources, addressing and successfully completing the key financial and accounting activities currently undertaken within the role. Full details of the requirement are provided in the Invitation to Tender document uploaded to Sell2Wales.

Classification

  • CPV66122000 — Corporate finance and venture capital services
  • CPV66170000 — Financial consultancy, financial transaction processing and clearing-house services
  • CPV79200000 — Accounting, auditing and fiscal services

Lots

  • Lot 1£48k

Documents and notices

  • Procurement termination notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Tender notice on Find a TenderOpen source ↗
  • Version 1 (dated 24 June 2025) of the ITT Clarification Schedule, providing a response to all clarification questions received to date.Open source ↗
  • Second iteration (v2) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date (25 June).Open source ↗
  • Third iteration (v3) of the ITT Clarification Schedule, providing a response to all clarification questions received as of 26 June.Open source ↗
  • The latest version (v4) of the Clarification Schedule, providing a response to all clarification questions received to date (up to 30th June 2025).Open source ↗
  • The latest iteration (v5) of the Clarification Schedule, providing a response to all clarification questions received to-date (as of 30th June 2025).Open source ↗
  • Sixth iteration (v6) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date.Open source ↗
  • Invitation to Tender Document for the provision of an Outsourced Finance Director Managed Service Provides full details of the requirement, response instructions and award process (including assessment criteria and scoring methodology).Open source ↗
  • Qualification Questionnaire The Qualification Questionnaire includes a number of Pass / Fail questions; unless otherwise clearly stated, wherever a question is stated as Pass / Fail a response of 'No' will be deemed as a failure to meet the Life Sciences Hub Wales minimum requirements and will invalidate the tenderers response. The response will be discounted and will not be evaluated further. Responses that meet all of the Qualification Questionnaire criteria will progress to the next stage of the evaluation process; the Quality and Commercial evaluation.Open source ↗
  • For the Quality Assessment tenderers are required to complete and return a Quality response template by responding to each of the Quality questions as per the guidance outlined within the template document and within the Invitation to Tender document.Open source ↗
  • For the Commercial Assessment tenderers are required to complete and return a Commercial response workbook by inserting the requested information as per the workbook guidance.Open source ↗
  • Template Data Processing Agreement Shared for information and review, in-line with the requirements of the Qualification Questionnaire.Open source ↗

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
LSHW.002.2025
Status
complete
Above Threshold
No
Procurement Method
open
Main Procurement Category
services
Procurement Method Details
Below threshold - open competition

Amendments

Entry 1
Id
034665-2025
Description
24 June 2025 New document added: ITT Clarification Schedule (v1)
Entry 2
Id
034943-2025
Description
Second iteration (v2) of the Clarification Schedule uploaded 25 June.
Entry 3
Id
035459-2025
Description
Addition of v3 of the Clarification Schedule, added as a new document.
Entry 4
Id
036154-2025
Description
New document added - the latest version (v4) of the Clarification Schedule, providing a response to all clarification questions received to date (up to 30th June 2025).
Entry 5
Id
036166-2025
Description
New document added - the latest iteration (v5) of the Clarification Schedule, providing a response to all clarification questions received to-date (as of 30th June 2025).
Entry 6
Id
037142-2025
Description
Sixth iteration (v6) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date.

Legal basis

Id
2023/54
Scheme
UKPGA

Tender Period

Ends
4 Jul 2025, 14:00

Enquiry period

Ends
2 Jul 2025, 16:00

Submission terms

Electronic Submission Policy
allowed

Lots and requirements

Entry 1
Id
1
Status
complete
Has Renewal
Yes

Value

Amount
48,000
Currency
GBP
Including VAT
57,600

Renewal

Description
At the sole discretion of Life Sciences Hub Wales the contract may be extended by a further 6-months, giving a latest possible date of expiry of 31st July 2026.

Suitability

Sme
Yes
Vcse
Yes

Award criteria

Criteria

Criterion 1
Name
Quality Award Criteria
Type
quality
Description
The agreement (if awarded) shall go to the Supplier submitting the Most Advantageous Tender (MAT), in terms of value for money based on the award criteria outlined in Part 14.2.1 of the Invitation to Tender document. The Quality assessment shall carry 70% of the available 100%. The Quality assessment will be undertaken following the scoring methodology provided in Annex 1 of the Invitation to Tender document.

Numbers

Entry 1
Number
70
Weight
percentageExact
Criterion 2
Name
Commercial Award Criteria
Type
cost
Description
The Commercial assessment shall carry the remaining 30% of the available 100%. The Commercial assessment will be evaluated on a proportional vs best basis and will be evaluated using the calculation provided in Part 14.2.6 of the Invitation to Tender document.

Numbers

Entry 1
Number
30
Weight
percentageExact

Contract period

Ends
31 Jan 2026, 23:59
Starts
14 Jul 2025, 00:00
Max Extent Date
31 Jul 2026, 23:59

Selection criteria

Criteria

Criterion 1
Description
The successful supplier must offer suitably qualified staff for deployment to Life Sciences Hub Wales, qualified to ACA or ACCA as minimum (or an equivalent such as CIPFA). The Contractor must either have valid Cyber Essentials Plus or ISO27001 certification (if not both) in place at the time of contract award, as minimum The successful supplier must ensure that all elements of service provision are compliant with UK GDPR. Service provision will include the processing of personal data, therefore the successful supplier must accept and sign the Life Sciences Hub Wales Data Processing Agreement.

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UKL22
Country
GB
Country Name
United Kingdom
Entry 2
Region
UKL22
Country
GB
Country Name
United Kingdom
Entry 3
Region
UKL22
Country
GB
Country Name
United Kingdom
Entry 4
Region
UKL22
Country
GB
Country Name
United Kingdom
Entry 5
Region
UKL22
Country
GB
Country Name
United Kingdom
Entry 6
Region
UKL22
Country
GB
Country Name
United Kingdom
Entry 7
Region
UKL22
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66122000
Scheme
CPV
Description
Corporate finance and venture capital services
Entry 2
Id
79200000
Scheme
CPV
Description
Accounting, auditing and fiscal services
Entry 3
Id
66170000
Scheme
CPV
Description
Financial consultancy, financial transaction processing and clearing-house services

Published documents

Entry 1
Id
L-1
Description
Invitation to Tender Document for the provision of an Outsourced Finance Director Managed Service Provides full details of the requirement, response instructions and award process (including assessment criteria and scoring methodology).
Document Type
biddingDocuments
Entry 2
Id
L-2
Description
Qualification Questionnaire The Qualification Questionnaire includes a number of Pass / Fail questions; unless otherwise clearly stated, wherever a question is stated as Pass / Fail a response of 'No' will be deemed as a failure to meet the Life Sciences Hub Wales minimum requirements and will invalidate the tenderers response. The response will be discounted and will not be evaluated further. Responses that meet all of the Qualification Questionnaire criteria will progress to the next stage of the evaluation process; the Quality and Commercial evaluation.
Document Type
biddingDocuments
Entry 3
Id
L-3
Description
For the Quality Assessment tenderers are required to complete and return a Quality response template by responding to each of the Quality questions as per the guidance outlined within the template document and within the Invitation to Tender document.
Document Type
biddingDocuments
Entry 4
Id
L-4
Description
For the Commercial Assessment tenderers are required to complete and return a Commercial response workbook by inserting the requested information as per the workbook guidance.
Document Type
biddingDocuments
Entry 5
Id
L-5
Description
Template Data Processing Agreement Shared for information and review, in-line with the requirements of the Qualification Questionnaire.
Document Type
biddingDocuments
Entry 6
Id
034156-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
20 Jun 2025, 15:55
Entry 7
Id
A-2476
Format
application/pdf
Description
Version 1 (dated 24 June 2025) of the ITT Clarification Schedule, providing a response to all clarification questions received to date.
Document Type
biddingDocuments
Entry 8
Id
034665-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
24 Jun 2025, 11:35
Entry 9
Id
A-2502
Format
application/pdf
Description
Second iteration (v2) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date (25 June).
Document Type
biddingDocuments
Entry 10
Id
034943-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
25 Jun 2025, 10:14
Entry 11
Id
A-2539
Format
application/pdf
Description
Third iteration (v3) of the ITT Clarification Schedule, providing a response to all clarification questions received as of 26 June.
Document Type
biddingDocuments
Entry 12
Id
035459-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
26 Jun 2025, 14:54
Entry 13
Id
A-2600
Format
application/pdf
Description
The latest version (v4) of the Clarification Schedule, providing a response to all clarification questions received to date (up to 30th June 2025).
Document Type
biddingDocuments
Entry 14
Id
036154-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
30 Jun 2025, 14:45
Entry 15
Id
A-2603
Format
application/pdf
Description
The latest iteration (v5) of the Clarification Schedule, providing a response to all clarification questions received to-date (as of 30th June 2025).
Document Type
biddingDocuments
Entry 16
Id
036166-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
30 Jun 2025, 15:10
Entry 17
Id
A-2714
Format
application/pdf
Description
Sixth iteration (v6) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date.
Document Type
biddingDocuments
Entry 18
Id
037142-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
3 Jul 2025, 14:21
Entry 19
Id
040117-2025
Format
text/html
Notice Type
UK12
Description
Procurement termination notice on Find a Tender
Document Type
tenderCancellationNotice
Published
15 Jul 2025, 15:39

Buyer, suppliers and contacts

Organisation 1
Id
GB-COH-08719645
Name
Life Sciences Hub Wales Ltd

Roles

buyer

Address

Region
UKL22
Country
GB
Locality
Cardiff
Postal Code
CF10 4PL
Country Name
United Kingdom
Street Address
3 Assembly Square

Details

Classifications

Entry 1
Id
publicAuthoritySubCentralGovernment
Scheme
UK_CA_TYPE
Description
Public authority - sub-central government
Entry 2
Id
GB-WLS
Scheme
UK_CA_DEVOLVED_REGULATIONS
Description
Welsh devolved regulations apply

Identifier

Id
08719645
Scheme
GB-COH

Contact

Name
Adam James-Price

Award information

Award 1
Id
1
Status
cancelled
Status Details
The decision not to award a contract, made in-line with Parts 6 and 7 of the Invitation to Tender document, has in this instance been taken as a result of Life Sciences Hub Wales not receiving a sufficient number of compliant and competitive tender responses in order to fully satisfy internal policy with respect to securing value-for-money through effective and robust competition.
Final Status Date
11 Jul 2025, 00:00

Related lots

1

Recorded locations

  • Buyer location · Cardiff · UKL22 · CF10 4PL · United Kingdom
  • Delivery location · UKL22 · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-055126-2025-07-15T15:39:43+01:00Tender notice on Find a Tender ·