The diversity of projects HIE deals with from clients or delivered directly requires us to undertake due diligence which necessitate a wide range of skillsets to understand the proposals, appraise the merits and understand the investment risks. In most cases, due diligence is undertaken by HIE staff themselves, but from time to time there can be more complex challenges or resourcing issues which lead to a requirement for HIE to seek external support.

The contract will be awarded under a multi supplier work basis to approximately 3 suppliers.

It is expected that the work will be awarded in October 2020 for an initial period of 3 years, with HIE having the option to extend for a period or periods together not exceeding 1 year following the initial term.

The initial 3 year budget currently available to deliver this service is between GBP 540 000 and GBP 720 000 (excluding VAT).