Tender

No Interest Loan Scheme proof of concept

FAIR4ALL FINANCE LIMITED

This public procurement record has 1 release in its history.

Tender

20 Jul 2021 at 08:44

Tender Notice
Summary of the contracting process

Fair4All Finance Limited is seeking a delivery partner for a "No Interest Loan Scheme proof of concept" (RFQ 008A), aimed at developing a sustainable loan product to assist financially vulnerable customers. This tender is categorised under research consultancy services and is based in London, England. The tender is currently in the tendering stage, with responses due by 16th August 2021. The estimated value of the contract is £20,000, with a minimum value of £8,000, and the contract period is anticipated to start on 1st September 2021 and conclude on 28th February 2022. The procurement is being conducted through a direct method, classified as a single tender action below threshold.

This tender presents significant opportunities for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) involved in research and consultancy services. Businesses that can rapidly develop innovative financial products and adapt collaboratively within a project environment will be especially well-suited to compete for this contract. Engaging in this project could also enhance your enterprise's portfolio and provide valuable insights into the impact of no-interest loan schemes, thus contributing to community well-being.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

No Interest Loan Scheme proof of concept

Notice Description

Fair4All Finance is teaming up with Toynbee Hall and Fair By Design to deliver a No Interest Loan Scheme (NILS) proof of concept in autumn 2021. The objective of the proof of concept (POC) is to test whether there is a sustainable way to deliver a NILS, and whether the social impact and positive customer outcomes associated with a customer having access to a NILS versus no loan, a high-cost loan or going without outweigh the costs of the required subsidy. We are seeking a delivery partner that can work with the NILS project team (Fair4All Finance, Fair By Design, and Toynbee Hall - see Appendix 1 for more info on each organisation) to implement the proof of concept NILS product quickly, and then work in an agile and collaborative way to test the product, feed back learnings and implement changes to the loan process as required . Full information is available from the Fair4All Finance website, under tender opportunities or click on the links contained within this notice. You will need to respond by clicking on the Response Document link on the website. Additional information: For organisations that have not already been through Fair4All Finance's due diligence process as part of the scale up or Covid grant programmes, you will be required to go through an assessment. You will find a document on the website, please refer to Appendix 4 in the quote request and download the financial information template to complete.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/09f9e09a-1f4b-4a62-8e5c-0a86b4bed66b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73210000 - Research consultancy services

Notice Value(s)

Tender Value
£20,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20214 years ago
Submission Deadline
16 Aug 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2021 - 28 Feb 2022 6-12 months
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
FAIR4ALL FINANCE LIMITED
Contact Name
Gary Stephens
Contact Email
procurement@fair4allfinance.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E1 6LS
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Spitalfields & Banglatown
Westminster Constituency
Bethnal Green and Stepney

Further Information

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7-2021-07-20T09:44:40+01:00",
    "date": "2021-07-20T09:44:40+01:00",
    "ocid": "ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "RFQ 008A",
        "title": "No Interest Loan Scheme proof of concept",
        "description": "Fair4All Finance is teaming up with Toynbee Hall and Fair By Design to deliver a No Interest Loan Scheme (NILS) proof of concept in autumn 2021. The objective of the proof of concept (POC) is to test whether there is a sustainable way to deliver a NILS, and whether the social impact and positive customer outcomes associated with a customer having access to a NILS versus no loan, a high-cost loan or going without outweigh the costs of the required subsidy. We are seeking a delivery partner that can work with the NILS project team (Fair4All Finance, Fair By Design, and Toynbee Hall - see Appendix 1 for more info on each organisation) to implement the proof of concept NILS product quickly, and then work in an agile and collaborative way to test the product, feed back learnings and implement changes to the loan process as required . Full information is available from the Fair4All Finance website, under tender opportunities or click on the links contained within this notice. You will need to respond by clicking on the Response Document link on the website. Additional information: For organisations that have not already been through Fair4All Finance's due diligence process as part of the scale up or Covid grant programmes, you will be required to go through an assessment. You will find a document on the website, please refer to Appendix 4 in the quote request and download the financial information template to complete.",
        "datePublished": "2021-07-20T09:44:40+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "73210000",
            "description": "Research consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "E1 6LS"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 8000,
            "currency": "GBP"
        },
        "value": {
            "amount": 20000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2021-08-16T10:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-09-01T00:00:00+01:00",
            "endDate": "2022-02-28T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/09f9e09a-1f4b-4a62-8e5c-0a86b4bed66b",
                "datePublished": "2021-07-20T09:44:40+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "url": "https://fair4allfinance.org.uk/invitations-to-tender/"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/5t5fDQB9",
            "name": "FAIR4ALL FINANCE LIMITED",
            "identifier": {
                "legalName": "FAIR4ALL FINANCE LIMITED",
                "scheme": "GB-SRS",
                "id": "supplierregistration.cabinetoffice.gov.uk/5t5fDQB9"
            },
            "address": {
                "streetAddress": "2nd Floor 28 Commercial Street",
                "locality": "London",
                "postalCode": "E16LS",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Gary Stephens",
                "email": "procurement@fair4allfinance.org.uk"
            },
            "details": {
                "url": "https://fair4allfinance.org.uk/invitations-to-tender/"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/5t5fDQB9",
        "name": "FAIR4ALL FINANCE LIMITED"
    }
}