Award

GB-Sheffield: Calculation Agent - Project Halloumi

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

06 Apr 2023 at 14:15

Summary of the contracting process

The British Business Bank, based in Sheffield, has awarded a contract for the Calculation Agent role in the Project Halloumi. This banking and investment services procurement had a value of £51,000 and started on March 15, 2023, running until March 15, 2028. The contract ensures probity in managing a loan portfolio, with the British Business Bank as the buying organisation and Citibank NA as the supplier.

This tender presents an opportunity for businesses providing banking and investment services to participate in ensuring the integrity of loan calculations within the guarantee period. Companies capable of providing financial probity and confirming amounts due to both parties would be well-suited to compete in this procurement process. The Yorkshire and the Humber region in the United Kingdom is the primary location for service delivery, offering a chance for local businesses to engage and contribute to this project's success.

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Notice Title

GB-Sheffield: Calculation Agent - Project Halloumi

Notice Description

BEIS guarantee a portfolio of loans originated by Cynergy Bank, in return for a fee. A calculation agent, ensuring probity and confirming amounts due to either party. Additional information: The contract will run until the end of the Guarantee period expected to be five years

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0b466cb5-d2b3-44e9-87c9-b2376f1c9391
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/754c2a3d-9e50-426b-aeba-befc4a49edfc
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

66110000 - Banking services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£51,000 Under £100K
Lots Value
Not specified
Awards Value
£51,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Apr 20232 years ago
Submission Deadline
14 Mar 2023Expired
Future Notice Date
Not specified
Award Date
14 Mar 20232 years ago
Contract Period
15 Mar 2023 - 15 Mar 2028 Over 5 years
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
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
TLE Yorkshire and The Humber

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

CITIBANK NA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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