Tender

Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham

LONDON BOROUGH OF BARKING AND DAGENHAM

This public procurement record has 1 release in its history.

Tender

04 Mar 2021 at 16:28

Tender Notice
Summary of the contracting process

The London Borough of Barking and Dagenham is seeking a Credit Union partner to develop a Community Banking offer, with the tender titled "Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham." This procurement is classified under 'Credit granting services' within the services industry category. The tender is currently in the active stage and is set to close on 8th April 2021, with the contract period expected to commence from 19th July 2021 and last for three years, potentially extending to five years. The total value of the contract is £285,000, with a budget envelope of £190,000 for the duration of the contract, depending on future funding availability. Interested parties are required to submit their tenders electronically via the specified eTendering system.

This tender presents a significant opportunity for innovative Credit Unions looking to expand their influence in Barking and Dagenham by providing fair and accessible financial services to local residents. Businesses that are well-suited to respond to this tender should have a robust organisational capacity to grow, an established range of financial products and services, and a commitment to partnership working with local government. Additionally, entities equipped with advanced digital banking solutions to cater to a wide clientele, including those who may be digitally excluded, will find this tender particularly relevant for their growth strategy.

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Notice Information

Notice Title

Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham

Notice Description

London Borough of Barking & Dagenham are seeking an innovative and forward-thinking Credit Union partner who is up for the challenge of developing a Community Banking offer with us. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and Dagenham. We are looking for a Credit Union partnership to drive this forward and help us achieve our goals. Full details can be found in the tender documents. What we are looking for in a partnership: - Organisational strength and ability to grow: a credit union that can demonstrate its financial health and ability to grow an innovative offer with us in Barking and Dagenham. - Products and Services: a credit union with a well-established comprehensive range of products and services that can meet different customer needs, including savings accounts, instant loans and transactional banking facilities at minimum. - Partnership working: a credit union that can demonstrate propensity and willingness to work innovatively with the council and borough partners over the course of the contract. - Service delivery: a credit union that has established digital technology and a comprehensive online banking platform, via the web and mobile, ensuring 24/7 access to services is available. In parallel, a clear vision and ability to meet the needs of local residents who are digitally excluded. - Impact and performance: a credit union with ambitious but realistic expectations of joint performance targets and a vision for the change we aim to see in Barking and Dagenham, as well as the ability to evidence and demonstrate the wider social, wellbeing and local economic impact of credit union provision The contract is for 3 years with the option to extend for up to another 2 years. London Borough of Barking and Dagenham will provide a number of investments to ensure the productivity of the partnership. The contract is advertised at PS285,000, however, PS190,000 is the budget envelope for the duration of the contract. Any additional funds over the budget envelope to grow the offer may become available during the contract. There is no commitment to additional funds at this stage. We invite Credit Unions who meet the specification to submit a response to the Tender. Additional information: Tenders or requests to participate must be submitted electronically via: https://lbbdbravosolution.co.uk Tenders or requests to participate must be submitted to the above mentioned address The contracting authority intends to use an eTendering system in this procurement exercise. Suppliers Instructions How to Express Interest in this Tender: 1) Register your company on the eSourcing portal (this is only required once) - browse to the eSourcing Portal: https://lbbd.bravosolution.co.uk and click the link to register; - accept the terms and conditions and click 'Continue'; - enter your correct business and user details; - note the username you chose and click 'Save' when complete; - you will shortly receive an email with your unique password (please keep this secure). 2) Express an Interest in the tender - login to the portal with the username/password; - click the 'PQQs/ITTs. Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier); - click on the relevant PQQ/ITT to access the content; - click the 'Express Interest' button at the top of the page; - this will move the PQQ /ITT into your 'My PQQs/My ITTs' page. (This is a secure area reserved for your projects only); - you can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3) Responding to the tender - click 'My Response' under 'PQQ/ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining); - you can now use the 'Messages' function to communicate with the buyer and seek any clarification; - note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ITT; - there may be a mixture of online and offline actions for you to perform (there is detailed online help available); - you must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance, please consult the online help or contact the eTendering help desk. Description1: Link to eTendering system is below Link1: (URL) https://lbbd.bravosolution.co.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0446435d-cae5-4224-ba96-d168d1e89eae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7e3f3a81-b666-4fd2-bfb1-5c159dde4f39
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66113000 - Credit granting services

Notice Value(s)

Tender Value
£285,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Mar 20214 years ago
Submission Deadline
8 Apr 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
18 Jul 2021 - 18 Jul 2026 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BARKING AND DAGENHAM
Contact Name
Not specified
Contact Email
swoolvett@lbbd.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BARKING
Postcode
IG11 7LU
Post Town
Ilford
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI London
Local Authority
Barking and Dagenham
Electoral Ward
Abbey
Westminster Constituency
Barking

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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