Consultancy Risks Government Contract Ban.

Consultancy Risks Government Contract Ban.

December 14, 2021
Procurement

With £244 million in UK Government contracts won in the 12 months to March 2021, KPMG will no doubt be feeling the heat after receiving a letter from the Cabinet Office seeking assurances that there would be no further missteps after recent misconduct allegations.

KPMG risks being banned from bidding on government contracts altogether, should more concerning activity come to light after the consultancy was fined £13 million over misconduct in August over the sales of Silent Night to a private equity fund. In a separate matter, the Financial Reporting Council have accused KPMG of giving it “false and misleading” information about collapsed construction giant Carillion.

No doubt this KMPG caution will have a ripple effect across the rest of the Big Four who have collectively been dealing with a range of fines, investigations and legal cases in the UK and overseas. Last month saw one of PwC’s German offices raided as part of investigations into alleged tax fraud. In June, a Singaporean oil trader sued Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade. EY was recently fined by the UK accountancy watchdog for failing to properly challenge Stagecoach bosses when auditing their accounts.

It is not just the Big Four. Grant Thornton was recently fined £2.3m for audit failings relating to the collapse of Patisserie Valerie and Mckinsey have agreed to a $573m settlement in the US opioid scandal.

As a customer, the Government provides a healthy revenue stream for the major consultancy groups, who annually make up the lion’s share of Government contract wins in the UK. Even last year, through the midst of the pandemic, it was a bumper year in UK public sector contract wins for the four with Deloitte, KPMG, EY and PwC amassing approx £300 million of Government contracts, in 2020 alone.

Perhaps this clampdown comes after the UK Government itself has been under pressure from the National Audit Office for its lack of transparency of procurement of Covid related services.

To assist with procurement transparency around UK Government consultancy contracts, we’ve published every known contract in the UK for consulting contracts around the UK since March 2020, giving anyone the ability to monitor contracts being issued by the Government. The table is free, accessible to all and updated daily. If you are interested in knowing more about Government contracting opportunities and who has won them, take a look at our table, here.

Get in touch to talk to us about our government procurement data API and our research capabilities.

Image thanks to Patrick Robert Doyle.

January 18, 2022

UK Government Release Procurement Green Paper Findings

In December 2020, the UK Government Cabinet Office set out proposals for shaping the future of public procurement legislation with the publication...
January 13, 2022

When and when not, to do it yourself.

-By Alex Yeung As a side hobby, I regularly cook. Apparently, it’s quite popular. It’s certainly lighter, less salty, less sugary, and...
January 5, 2022

Alternative Data and Public Procurement.

There are some good reasons for including procurement data in your alternative data strategy. Governments are big and getting bigger. Before the...
December 15, 2021

First Look At NZ Government Procurement Enquiry Findings.

Earlier this year we shared the New Zealand Government's decision to improve its health procurement through a review process of Pharmac, the...
December 15, 2021

Machine Learning And Nudge Economics

Machine learning is seeping into our everyday lives, it powers our social feeds, our song recommendations, and our internet searches. It’s coming...
December 23, 2021

US Green Procurement Drive.

While on his campaign trail, Joe Biden guaranteed to use the federal government’s $500 billion-per-year buying power to “drive towards 100 percent...
December 15, 2021

From Ok,To Good, To Great.

We like a challenge. That's why our goal is so clear and bold: to gather every public tender and contract in the...
December 15, 2021

The Future Belongs To AI Powered Purchasing.

This week a respected Professor took to Twitter to criticise the government’s purchasing arrangements. It was immediately clear what had happened, a...
December 9, 2021

The Buyers That Stole Christmas (Reprise)

It is that time of year again, where our halls are decked with holly, presents are under the tree, plans for a...
December 6, 2021

8 things you need to run a supplier blacklist

The news that UK government will implement a new supplier blacklist, banning errant companies from winning contracts has raised the question of...
December 2, 2021

We Don’t Want Your Trust.

Not because we're shifty. We're not. You don't have to trust us. Specifically, you don't have to trust our data. If you...
November 30, 2021

Intelligent Procurement Fraud Is Coming.

Are you ready for artificial intelligence fraud? We've already written about the almost magical capabilities of artificial intelligence here. We're using it...
November 18, 2021

What Do You Want To Predict?

Machine learning is changing the world. Spend Network is already using machine learning to categorize all of our documents. The results are...
November 17, 2021

New Government IT Procurement Opportunities For Smaller Businesses.

The autumn budget included an announcement that HM Revenue and Customs will receive approximately £750m over the next three years to upgrade...
November 11, 2021

What does good data look like?

If you're lucky, poor data will only make you look inefficient, but if you're unlucky, it will make a real mess of...

Newsletter

Compelling research, insights and data directly into your inbox.

Recent media stories

Search

Scroll to Top