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GB-Sheffield: ECL Loss Modelling

British Business Bank

This public procurement record has 1 release in its history.

Award

08 Dec 2020 at 10:40

Award Notice
Summary of the contracting process

The procurement process for the "ECL Loss Modelling" project, initiated by the British Business Bank, focuses on financial consultancy services linked to the COVID-19 crisis. The contract, valued at £1,157,469, covers the calculation of Expected Credit Losses for IFRS9 and related purposes. The tender period concluded on 25th September 2020, with the contract commencing on 26th September 2020 and running until 24th March 2021. The procurement took place in Sheffield, Yorkshire and the Humber.

This tender presents significant opportunities for companies with expertise in financial consultancy, particularly those skilled in analysing credit losses and IFRS compliance. Businesses that specialise in financial services, particularly those with capabilities in quantitative modelling and risk assessment, would be well-suited to compete in similar future tenders. The ongoing aftermath of the COVID-19 pandemic may lead to additional consultancy needs, enhancing business growth potential in this sector.

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Notice Information

Notice Title

GB-Sheffield: ECL Loss Modelling

Notice Description

BBB COVID ECL & Loss Claims project - Calculating Expected Credit Losses for IFRS9 purposes, fair values for IFRS9 and IFRS 13 purposes, & calculate expected future claim amounts over the remaining life of each scheme (BBLS, CBILS & CLBLS) Additional information: This award has relied upon the guidance issued in PPN 01/20 as the Buyer has had to respond to the requirement to deliver specific additional schemes as a result of the Covid-19 crisis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fc2bd0b7-5dad-43da-abc2-21607d1aae13
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

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£1,157,469 £1M-£10M
Lots Value
Not specified
Awards Value
£1,157,469 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Dec 20205 years ago
Submission Deadline
25 Sep 2020Expired
Future Notice Date
Not specified
Award Date
25 Sep 20205 years ago
Contract Period
26 Sep 2020 - 24 Mar 2021 6-12 months
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
Postcode Area
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

4Most Europe Ltd

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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