Award

GB-Sheffield: Audit and Monitoring Services

BRITISH BUSINESS BANK INVESTMENTS LIMITED

This public procurement record has 1 release in its history.

Award

10 Feb 2017 at 11:57

Award Notice
Summary of the contracting process

The British Business Bank Investments Limited (BBBIL), located in Sheffield, has completed a procurement process for "Audit and Monitoring Services" within the financial services industry. The tender was initiated on 31st January 2017, following an open procedure, with a contract value of £150,000 and a duration of 12 months, potentially extendable for another year. The tender period culminated on 30th January 2017, and the awarded contract was announced publicly on 10th February 2017.

This procurement presents significant opportunities for businesses, particularly small and medium enterprises (SMEs) and voluntary community sector enterprises (VCSEs), to engage in providing financial auditing and consultancy services. Companies specialising in investment banking, financial market operations, and auditing services will find a fitting match for their expertise in this contract, allowing them to contribute to the mission of expanding finance options for smaller businesses in the UK.

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

GB-Sheffield: Audit and Monitoring Services

Notice Description

British Business Bank Investments Limited ("BBBIL") wishes to select a supplier to provide Audit and Monitoring Services for a period of 12 months with the option to extend for a further 12 month period. Further details are available via the Delta Portal. BBBIL is the commercial subsidiary of British Business Bank plc, and has a separate board of directors to its parent. Since it is funded and invests on a commercial basis, its remit allows it to invest flexibly both alongside private investors and as a sole investor, to increase the volume and diversity of finance available for smaller businesses. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-12235c44-9e67-49b4-a27f-84b2b30ef0c0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0733d3cc-3345-4f8c-bf68-f3d1355d595d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66100000 - Banking and investment services

66120000 - Investment banking services and related services

66150000 - Financial markets administration services

66151000 - Financial market operational services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

79212000 - Auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20179 years ago
Submission Deadline
30 Jan 2017Expired
Future Notice Date
Not specified
Award Date
30 Jan 20179 years ago
Contract Period
31 Jan 2017 - 30 Jan 2019 1-2 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 INVESTMENTS LIMITED
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
S3 8NH
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

VIRTUAL LEASE SERVICES

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-12235c44-9e67-49b4-a27f-84b2b30ef0c0-2017-02-10T11:57:03Z",
    "date": "2017-02-10T11:57:03Z",
    "ocid": "ocds-b5fd17-12235c44-9e67-49b4-a27f-84b2b30ef0c0",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP239278595",
        "title": "GB-Sheffield: Audit and Monitoring Services",
        "description": "British Business Bank Investments Limited (\"BBBIL\") wishes to select a supplier to provide Audit and Monitoring Services for a period of 12 months with the option to extend for a further 12 month period. Further details are available via the Delta Portal. BBBIL is the commercial subsidiary of British Business Bank plc, and has a separate board of directors to its parent. Since it is funded and invests on a commercial basis, its remit allows it to invest flexibly both alongside private investors and as a sole investor, to increase the volume and diversity of finance available for smaller businesses. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66150000",
            "description": "Financial markets administration services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66120000",
                "description": "Investment banking services and related services"
            },
            {
                "scheme": "CPV",
                "id": "66170000",
                "description": "Financial consultancy, financial transaction processing and clearing-house services"
            },
            {
                "scheme": "CPV",
                "id": "66151000",
                "description": "Financial market operational services"
            },
            {
                "scheme": "CPV",
                "id": "79212000",
                "description": "Auditing services"
            },
            {
                "scheme": "CPV",
                "id": "66100000",
                "description": "Banking and investment services"
            },
            {
                "scheme": "CPV",
                "id": "79212100",
                "description": "Financial auditing services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 150000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2017-01-30T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2017-01-31T00:00:00Z",
            "endDate": "2019-01-30T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-38929",
            "name": "British Business Bank Investments Limited",
            "identifier": {
                "legalName": "British Business Bank Investments Limited"
            },
            "address": {
                "streetAddress": "Foundry House, 3 Millsands",
                "locality": "Sheffield",
                "postalCode": "S3 8NH",
                "countryName": "UK"
            },
            "contactPoint": {
                "name": "Debbie Beeley, Procurement Manager",
                "email": "Debbie.beeley@British-Business-Bank.co.uk",
                "telephone": "01142502893"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-46928",
            "name": "Virtual Lease Services Ltd",
            "identifier": {
                "legalName": "Virtual Lease Services Ltd"
            },
            "address": {
                "streetAddress": "Dee House St Davids Park Ewloe Flintshire CH5 3XF"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-38929",
        "name": "British Business Bank Investments Limited"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-12235c44-9e67-49b4-a27f-84b2b30ef0c0-1",
            "status": "active",
            "date": "2017-01-30T00:00:00Z",
            "datePublished": "2017-02-10T11:57:03Z",
            "value": {
                "amount": 150000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-46928",
                    "name": "Virtual Lease Services Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2017-01-31T00:00:00Z",
                "endDate": "2019-01-30T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/0733d3cc-3345-4f8c-bf68-f3d1355d595d",
                    "datePublished": "2017-02-10T11:57:03Z",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "Please follow this link to view the notice.",
                    "url": "https://www.delta-esourcing.com/delta/respondToList.html?noticeId=239278595"
                }
            ]
        }
    ]
}