DFE - Insolvency Service - Provision of Insolvency Services

The Insolvency Service is a branch within the Department for the Economy. The Official Receiver (OR) is a Civil Servant in the Insolvency Service within the Department and is also an Officer of the Court in his roles of Trustee in Bankruptcy and Liquidator in companies that have been wound up by the Court.

The Department for the Economy (the Buyer) is seeking to appoint two Suppliers for the provision of Insolvency Services to complete the administration of cases once the Official Receiver’s statutory investigations have been completed.

When the Department for Economy identifies a piece of work, it will be offered to the Supplier ranked first.

The Supplier ranked second will be offered a commission in the event of;

(a) a conflict of interest for Supplier ranked first (this must be confirmed by email) or

(b) Supplier ranked first not having the capacity to deliver a project within the required timeframe.

The next work commission will again be offered to the Supplier ranked 1st even if they did not accept the previous assignment.

The Insolvency Service currently has approximately 100 cases to issue immediately and would expect to offer at least one batch of 10 cases per month which is likely to rise if case numbers continue to increase.