Award

Overseas Bulk Foreign Exchange Services (Note: Published for completeness, see description for details)

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

09 Feb 2018 at 15:47

Award Notice
Summary of the contracting process

The procurement process involves the Department for Work and Pensions, which has awarded a contract titled "Overseas Bulk Foreign Exchange Services" for providing mentorship and financial assistance under the New Enterprise Allowance scheme. This contract, valued at £2,277,947, falls under the education and training services category and was executed following an open procurement method. The contract period spans from 31 March 2017 to 31 December 2020, with the award being published for transparency purposes on 28 February 2018.

This tender presents significant opportunities for businesses, particularly those that are small or medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that can deliver education and training services. Companies that specialise in mentorship, business support, or related financial services would be well-positioned to compete for similar future contracts, as they align with the Government's ongoing support for self-employment initiatives under the Universal Credit programme.

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Notice Information

Notice Title

Overseas Bulk Foreign Exchange Services (Note: Published for completeness, see description for details)

Notice Description

The New Enterprise Allowance scheme was designed to support the move into self-employment for those people who want to start their own business. The NEA Phase 2 extends this support to some Universal Credit participants already self employed. It provides Mentoring support and financial assistance (NEA allowance for new business start ups) to Participants who satisfy eligibility and are referred to the scheme by Jobcentre Plus Districts - Birmingham & Solihull (This contract award was not published at the time of award. It has been published for transparency purposes to provide a record of existing departmental contracts).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1d870944-9447-4dd9-b71b-0c292d5681fe
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a8e20c90-b765-4792-8c96-d467de95cd7e
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 (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

80 - Education and training services

CPV Codes

80000000 - Education and training services

Notice Value(s)

Tender Value
£2,277,947 £1M-£10M
Lots Value
Not specified
Awards Value
£2,277,947 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Feb 20188 years ago
Submission Deadline
4 Nov 2016Expired
Future Notice Date
Not specified
Award Date
27 Mar 20178 years ago
Contract Period
30 Mar 2017 - 31 Dec 2020 3-4 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
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS2 7UA
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLG West Midlands (England)
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Supplier Information

Number of Suppliers
1
Supplier Name

PEOPLEPLUS GROUP

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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