Outsourced Finance Director Managed Service (LSHW.002.2025)

Life Sciences Hub Wales LtdcontractFind a TenderRef ocds-h6vhtk-055126Procurement Act 2023SME suitableVCSE suitableclosed for bids
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Estimated value

£48k

services

Awarded value

Suppliers

0

Lots

1

0 awarded

Published

25 Jun 2025

Deadline 04 Jul 2025

Description

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.

Scope

Reference
LSHW.002.2025
Total value
£48,000 excluding VAT
£57,600 including VAT
Below the relevant threshold
Commercial tool
Standalone contract
Contract dates
13 Jul 2025 to 31 Jan 2026
Possible extension to 31 Jul 2026

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.

Main category
services
CPV classifications
66122000
79200000
66170000
Contract locations
Wales, United Kingdom
Particular suitability
Small and medium-sized enterprises (SME)Voluntary, community and social enterprises (VCSE)

Award criteria

Criteria the buyer will use to evaluate bids.

NameDescriptionTypeWeighting
Quality Award CriteriaThe 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.quality70.00%
Commercial Award CriteriaThe 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.cost30.00%

Participation

Conditions suppliers must meet to bid.

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.

Submission & procedure

Enquiry deadline
02 Jul 2025, 3:00 pm
Submission deadline
04 Jul 2025, 1:00 pm
Submission address
https://www.sell2wales.gov.wales
Electronic submission
Yes
Procedure
Below threshold - open competition