AWARD OUTCOME
What happened
Development Bank of Wales awarded IRG Advisors LLP, trading as Odgers, a contract for executive-search support in recruiting a new Chief Financial Officer.
Published outcomeOne active award and one active contract are reported for lot 1. The contract was signed and started on 13 October 2026.
Market significanceThis is a below-threshold, limited-competition recruitment-services engagement valued at £39,000 excluding VAT (£46,800 including VAT).
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
IRG Advisors LLP, trading as Odgers
99% confidenceAward 1 · Lots 1 · £39,000 excluding VAT; £46,800 including VAT GBP · Active award and active contract
View supporting evidence
Award 1 names IRG Advisors LLP, trading as Odgers as supplier. Contract 1, linked to award 1, gives values of GBP 39,000 and GBP 46,800 gross.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
View supporting evidence
Process notice type and contract document description state “Contract details notice on Find a Tender”.
Tender status
99% confidenceComplete
View supporting evidence
details_json.tender.status is “complete”; lot 1 status is “complete”.
Award status
99% confidenceActive
View supporting evidence
Award 1 status is “active”.
Contract status
99% confidenceActive
View supporting evidence
Contract 1 status is “active”.
Contract signature
99% confidenceSigned on 13 October 2026
View supporting evidence
Contract 1 dateSigned is 2026-10-13T00:00:00+01:00.
Contract period
99% confidence13 October 2026 to 31 January 2027
View supporting evidence
Contract 1 period.startDate is 2026-10-13 and period.endDate is 2027-01-31.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£39,000
View supporting evidence
Contract 1 value.amount is 39000 GBP; value.amountGross is separately stated as 46800.
Contract value including VAT
99% confidence£46,800
View supporting evidence
Contract 1 value.amountGross is 46800 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence13 October 2026
View supporting evidence
Contract 1 dateSigned is 2026-10-13.
Contract start
99% confidence13 October 2026
View supporting evidence
Contract 1 period.startDate is 2026-10-13.
Contract end
99% confidence31 January 2027
View supporting evidence
Contract 1 period.endDate is 2027-01-31.
Notice published
99% confidence16 October 2026
View supporting evidence
The contract-details notice datePublished is 2026-10-16T11:04:02+01:00.
SCOPE
What was awarded
Requirement
99% confidenceExecutive-search partner to support recruitment of a new Chief Financial Officer
View supporting evidence
Tender description states appointment of an Executive Search Partner to support recruitment of a new CFO.
Procurement category
99% confidenceServices
View supporting evidence
Award 1 mainProcurementCategory is “services”.
Classification
99% confidenceCPV 79600000 — Recruitment services
View supporting evidence
Award item 1 additional classification is CPV 79600000, described as Recruitment services.
Delivery geography
95% confidenceUnited Kingdom
View supporting evidence
Award item 1 delivery address specifies region UK and country GB.
PROCEDURE
Procedure and competition
Procedure
99% confidenceLimited competition
View supporting evidence
Tender procurementMethod is “limited” and procurementMethodDetails is “Below threshold - limited competition”.
Threshold status
99% confidenceBelow threshold
View supporting evidence
Tender procurementMethodDetails states “Below threshold - limited competition”; contract aboveThreshold is false.
Lot structure
99% confidenceOne lot (lot 1)
View supporting evidence
Tender lists lot 1 only, and award 1 is related to lot 1.
Bid count and evaluation results
99% confidenceUnknown
View supporting evidence
Information not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Term
98% confidenceApproximately 3.6 months, from 13 October 2026 to 31 January 2027
View supporting evidence
Contract 1 period runs from 2026-10-13 to 2027-01-31.
Extension or renewal terms
99% confidenceUnknown
View supporting evidence
Information not supplied in the published notice data.
VAT treatment
99% confidence£39,000 excluding VAT and £46,800 including VAT
View supporting evidence
Contract value.amount is 39000 and amountGross is 46800, both in GBP.
COMMERCIAL VIEW
Commercial observations
Engagement profile
96% confidenceA short, defined executive-recruitment assignment focused on a CFO appointment
View supporting evidence
The stated scope is support for recruitment of a new CFO, and the contract period ends on 31 January 2027.
Value allocation
98% confidenceThe published contract value is linked to the sole award and sole lot
View supporting evidence
Contract 1 links to award 1; award 1 links only to lot 1.
DATA QUALITY
Gaps and source limitations
Published contract evidence
99% confidenceHigh-quality contract-level dates and values are available
View supporting evidence
Contract 1 provides status, signature date, start and end dates, net and gross values, and an award link.
Supplier identity
99% confidenceNo separately verified legal company name or company number was supplied
View supporting evidence
verified_company_name, verified_company_number and source_company_number are null; supplier identity status is not_applicable.
Unpublished competition detail
99% confidenceInformation not supplied in the published notice
View supporting evidence
No bidder count, tender prices, scores, evaluation rationale or award date is provided.
Lot detail
99% confidenceLot 1 has no published title, description or separate lot value
View supporting evidence
Lot 1 title, description and value fields are null.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- No award date is published in the supplied award record.
- Bidder numbers, tender prices, evaluation scores, selection rationale and savings are not published.
- No extension, renewal or option terms are published.
- Lot 1 has no published title, description or individual lot value.
- No separately verified legal company name or company number is supplied for the named supplier.
MARKET THEMES
Relevant award themes
Development Bank of WalesIRG Advisors LLPOdgersexecutive searchCFO recruitmentrecruitment servicespublic procurement
COMMON QUESTIONS
About this award
Who won the Development Bank of Wales executive-search contract?
IRG Advisors LLP, trading as Odgers, is named as the supplier for award 1.
What is the value of the contract?
The published value is £39,000 excluding VAT and £46,800 including VAT.
When does the contract run?
It was signed and started on 13 October 2026 and is due to end on 31 January 2027.
What service is being provided?
Executive-search support for recruitment of a new Chief Financial Officer.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.