Award

GB-Sheffield: Consultancy for Additional Recoveries

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

25 Jul 2024 at 12:25

Summary of the contracting process

The British Business Bank has awarded a contract for consultancy services regarding additional recoveries for the Bounce Back Loan Scheme (BBLS) to PricewaterhouseCoopers LLP. The project, titled "Consultancy for Additional Recoveries," falls under the industry category of financial consultancy, financial transaction processing, and clearing-house services. This procurement process, initially based on a tender, is now in the award stage. The contract, valued at £50,000, spans from 8th July 2024 to 31st August 2024 and aims to explore the feasibility of three differing options for recovery and loss mitigation. The consultancy services are to be delivered across several locations, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom.

This tender presents significant business growth opportunities, particularly for large and established consultancies with expertise in financial consultancy and recovery operations. Companies well-suited for such contracts are those with robust analytical capabilities and a proven track record in similar financial consultancy projects. By participating in this and similar public procurements, businesses can gain access to high-value contracts, enhance their portfolio, and establish long-standing relationships with prominent organisations like the British Business Bank.

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Notice Title

GB-Sheffield: Consultancy for Additional Recoveries

Notice Description

The provision for consultancy services to explore the feasibility of 3 differing options to relating to the recovery and loss mitigation of the BBLS loan scheme. The contract is for 2 months with no optional extensions and has been awarded in line with the organisations standing financial instructions.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-00a42795-05ea-45cd-81d4-45b5c23f5032
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1e9ea1b-b73c-41b4-8776-7d54770ad18d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20241 years ago
Submission Deadline
1 Jul 2024Expired
Future Notice Date
Not specified
Award Date
1 Jul 20241 years ago
Contract Period
7 Jul 2024 - 31 Aug 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
+441142127877

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSE COOPERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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