Competition with a shortlist
Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.
Key facts
- Buyer
- NHS Wales Shared Services Partnership-Procurement Services (hosted by Velindre University NHS Trust) · Body governed by public law
- Value
- £600,000
- Procedure
- Restricted procedure
- Sector
- Business services · Financial management consultancy services (CPV 79412000)
- Region
- Wales
- Official notice
- 012299-2026 on Find a Tender
- Timeline
-
- Contract date10 Feb 2026
- Published11 Feb 2026Published 1 day after the contract date
Description
This contract commissions time-limited external support to assist Cardiff and Vale University Health Board in responding to a significant and worsening financial position while operating under Welsh Government oversight and escalation arrangements. The Health Board is forecasting a 56.2m GBP deficit in 2025/26, compared to a 27.7m GBP deficit outturn in 2024/25, and faces a material underlying financial gap in 2026/27 that cannot be addressed through business-as-usual savings alone. In the context of the 2026/27 planning round and the requirement to demonstrate a credible medium-term route to financial sustainability, the Board has agreed to commission independent support to identify the scale and nature of change required to alter the current financial trajectory. The purpose of the assignment is to develop a finite, decision-grade set of approximately five to seven high-impact options that explicitly set out what activity, services or sites would need to slow, stop, be consolidated,…
About the supplier
McKinsey & Company, Inc. United Kingdom: every public contract they have won, plus their Companies House record (company FC012665).