Award

GB-Sheffield: Capital Investment Management Services - Kingsway

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

25 Aug 2023 at 06:45

Award Notice
Summary of the contracting process

The British Business Bank has awarded a contract for Capital Investment Management Services - Kingsway. The services involve investment banking activities like maintaining bank accounts, cash management, and loan administration. The contract value is £57,000, with a contract period from July 19, 2023, to July 18, 2025. The contracting authority is British Business Bank, located in Sheffield, UK. The procurement stage is complete, and the tender deadline was on July 18, 2023. The industry category is investment banking services and related services.

This tender presents an opportunity for businesses specializing in banking and investment services to engage in capital management activities for a group of BBI Delivery Partners. Companies with expertise in security trustee services, payment processing, and asset reconciliations are well-suited to compete. The successful bidder, Alter Domus (UK) Ltd, demonstrates the potential for growth in providing such specialized financial services. The awarded contract signifies the importance of professional financial management in the public procurement sector.

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Notice Information

Notice Title

GB-Sheffield: Capital Investment Management Services - Kingsway

Notice Description

Provision of various agency capital management services for a group of BBI Delivery Partners. Activities include: maintaining bank accounts, conducting cash management and loan administration services, security trustee services, processing of payments and month end cash and asset reconciliations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-04ccbd8c-a6d2-4fa3-8578-f4ffe7dae6a2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/05e59dd8-6be8-4d06-a9ee-d49732ba7d34
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

66100000 - Banking and investment services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£57,000 Under £100K
Lots Value
Not specified
Awards Value
£57,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Aug 20232 years ago
Submission Deadline
17 Jul 2023Expired
Future Notice Date
Not specified
Award Date
17 Jul 20232 years ago
Contract Period
18 Jul 2023 - 18 Jul 2025 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

ALTER DOMUS (UK

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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