Award

GB-Sheffield: COVID ECL & Loss Claims

BRITISH BUSINESS BANK

This public procurement record has 2 releases in its history.

AwardUpdate

05 Oct 2021 at 08:05

Award Notice
Award

15 Jul 2021 at 10:20

Award Notice
Summary of the contracting process

The British Business Bank, based in Sheffield, has completed a procurement process for their contract titled "GB-Sheffield: COVID ECL & Loss Claims". This tender, classified under financial consultancy and transaction processing (CPV code: 66170000), aimed to address data management and enhancement records. The contract, valued at £964,640, commenced on 1st July 2021 and is set to conclude on 1st December 2021. The tender period closed on 30th June 2021, with the awarded contract published on 15th July 2021.

This procurement opportunity could greatly benefit firms specialising in financial consultancy and data management services. Businesses that focus on financial transaction processing, clearing-house services, and data enhancement would be particularly well-positioned to compete for similar contracts. Given the nature of the work, larger service providers with relevant expertise are likely to succeed in future tenders offered by the British Business Bank and similar organisations.

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Notice Information

Notice Title

GB-Sheffield: COVID ECL & Loss Claims

Notice Description

NOTE: This notice was updated on 05 October 2021 for the following reason: Contract varied on 24/09 to the value of PS1,100,440 for data management and enhancement records and a maximum 12,000 additional identifier records.(Financial consultancy, financial transaction processing and clearing-house services. Data Management and Enhancement: Bureau Services)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1631de0a-ab06-4ccf-8517-03fdf8a89544
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c275cb43-2a7c-4107-b567-32c600367e4f
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

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

Notice Value(s)

Tender Value
£964,640 £500K-£1M
Lots Value
Not specified
Awards Value
£964,640 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Oct 20214 years ago
Submission Deadline
29 Jun 2021Expired
Future Notice Date
Not specified
Award Date
29 Jun 20214 years ago
Contract Period
30 Jun 2021 - 1 Dec 2021 1-6 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
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

EXPERIAN

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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