Award

TD1925 - Due Diligence Services

DERBY CITY COUNCIL

This public procurement record has 3 releases in its history.

Award

13 Apr 2023 at 10:39

Award Notice
TenderAmendment

23 Jan 2023 at 14:04

Tender Notice
Tender

23 Jan 2023 at 13:57

Tender Notice
Summary of the contracting process

The Derby City Council has awarded a contract for Due Diligence Services, valued at £250,000 over a 5-year period, to Inventya Ltd. The contract commenced on 14th April 2023 and will run until 13th April 2026, with an option to extend for 2 additional years. Suppliers were required to express interest by 26th February 2023 and submit bids by 27th February 2023. The procurement process was conducted through an open procedure, and the services fall under the Financial and Insurance Services category.

This tender for Due Diligence Services by Derby City Council presents an opportunity for companies providing financial and insurance, administration, defense, social security, and business services to compete for the contract. Small and medium-sized enterprises (SMEs) are particularly suited to participate in this tender. The contract period offers a stable income stream for the winning supplier and the potential for extending their service provision beyond the initial 5 years.

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Notice Information

Notice Title

TD1925 - Due Diligence Services

Notice Description

The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant Contract is due to commence on the 14th April 2023 and expire on 13th April 2026. There is an option to extend for a further 2 years in annual increments. The value of PS250,000 is based on the full 5 years. Please note, suppliers wishing to express interest and obtain the documentation, must do so by 15:00 on 26th February 2023. It is recommended that you express interest and obtain the documentation well before this time to allow sufficient time to prepare and submit a comprehensive response. The deadline for returns is 12:00 on 27th February 2023 Please visit the Council's e-tendering system https://www.eastmidstenders.org where you can express interest and obtain the documents, (please note we will only accept expressions of interest through the e-tendering system. Please search for TD1925

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/df9bdef5-67f5-433d-b9e4-c9afe7f06bf7
Current Stage
Award
All Stages
Tender, 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
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

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

CPV Codes

66000000 - Financial and insurance services

75000000 - Administration, defence and social security services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Apr 20232 years ago
Submission Deadline
27 Feb 2023Expired
Future Notice Date
Not specified
Award Date
10 Apr 20232 years ago
Contract Period
13 Apr 2023 - 13 Apr 2028 Over 5 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
DERBY CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

INVENTYA

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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