The Framework letter came out on Friday 13th
DWP plan to issue Invitation to Tenders on 19th August
“…under FND1 providers were required to fund up to £4m of working capital during the first contract year (based on contracts ranging from £20-60m pa). Under the Work Programme, typical contracts may require more significant working capital to be available, and for a longer period before break-even is achieved. Organisations are encouraged to consider this requirement carefully prior to submitting tenders.”
“….We currently anticipate the minimum value of Work Programme contracts to be £10m per annum. Given what is likely to be a more challenging reward model weighted far more heavily to the delivery of successful job outcomes, we have determined that the value of business awarded to a single organisation should not normally exceed 50 per cent of its existing annual turnover. This means that we would not expect to place organisations on the Framework whose current turnover is less than £20 million per annum unless..”
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