Tender

PS22311 - FCA Registration - ITQ

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

TenderAmendment

25 Oct 2022 at 21:54

Tender Notice
Tender

09 Oct 2022 at 17:39

Tender Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has issued a tender titled "PS22311 - FCA Registration - ITQ" for legal advisory and representation services. The procurement stage is currently active, with a final submission deadline of Monday 24th October 2022 at 11:00. The contracting authority is seeking a provider to supply professional advice and support around regulatory compliance functions for Innovate UK Loans Limited. The contract period is scheduled from 4th November 2022 to 31st March 2023 under an open procedure (below threshold).

This tender opportunity presents a chance for businesses in the legal advisory and information services sector to compete for a contract with the Department for Business, Energy & Industrial Strategy. Small and medium-sized enterprises (SMEs) would be well-suited to participate in this tender due to the highlighted suitability for SME engagement. The opportunity offers growth potential for businesses looking to provide specialised expertise in regulatory compliance and advisory services within the specified contract period.

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

PS22311 - FCA Registration - ITQ

Notice Description

*** The procurement procedure did not result in a contract award as no suitable bids were received. *** The final date and time for the submission of bids is Monday 24th October 2022 at 11:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement Innovate UK Loans Limited (IUKL) is a special purpose vehicle established in February 2018 to deliver the Innovation Loans programme, a subsidised finance product aimed at single SMEs undertaking later stage research and development activities with a clear route to commercial success. IUKL is a wholly owned subsidiary or UK Research and Innovation, a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). Functionally, IUKL sits within Innovate UK, a council of UKRI, making use of a mix of IUK's core systems and processes and its own bespoke solutions. From a regulatory perspective, IUKL has relied to date on a business lending exemption and the outsourcing of its lending administration (making and collecting payments, interest calculations, KYC and AML etc.) to a third party provider, regulated by the FCA. However, as Innovation Loans moves from pilot to BAU, it is exploring its evolving business model and seeking professional advice and support around its regulatory status and related compliance functions. This procurement seeks a provider to supply that advice and support. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal. This contract will be awarded based on the evaluation criteria as set out in the ITQ document. How to Apply UK Shared Business Services Ltd (UK SBS) will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS22311

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0d865b33-2736-493f-b9c2-53c56e4d3061
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79110000 - Legal advisory and representation services

79131000 - Documentation services

79132000 - Certification services

79140000 - Legal advisory and information services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Oct 20223 years ago
Submission Deadline
24 Oct 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Nov 2022 - 31 Mar 2023 1-6 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
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

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-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b-2022-10-25T22:54:04+01:00",
    "date": "2022-10-25T22:54:04+01:00",
    "ocid": "ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_318910/1112582",
        "title": "PS22311 - FCA Registration - ITQ",
        "description": "*** The procurement procedure did not result in a contract award as no suitable bids were received. *** The final date and time for the submission of bids is Monday 24th October 2022 at 11:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement Innovate UK Loans Limited (IUKL) is a special purpose vehicle established in February 2018 to deliver the Innovation Loans programme, a subsidised finance product aimed at single SMEs undertaking later stage research and development activities with a clear route to commercial success. IUKL is a wholly owned subsidiary or UK Research and Innovation, a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). Functionally, IUKL sits within Innovate UK, a council of UKRI, making use of a mix of IUK's core systems and processes and its own bespoke solutions. From a regulatory perspective, IUKL has relied to date on a business lending exemption and the outsourcing of its lending administration (making and collecting payments, interest calculations, KYC and AML etc.) to a third party provider, regulated by the FCA. However, as Innovation Loans moves from pilot to BAU, it is exploring its evolving business model and seeking professional advice and support around its regulatory status and related compliance functions. This procurement seeks a provider to supply that advice and support. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal. This contract will be awarded based on the evaluation criteria as set out in the ITQ document. How to Apply UK Shared Business Services Ltd (UK SBS) will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS22311",
        "datePublished": "2022-10-09T18:39:47+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "79110000",
            "description": "Legal advisory and representation services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "79131000",
                "description": "Documentation services"
            },
            {
                "scheme": "CPV",
                "id": "79132000",
                "description": "Certification services"
            },
            {
                "scheme": "CPV",
                "id": "79140000",
                "description": "Legal advisory and information 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"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 75000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (below threshold)",
        "tenderPeriod": {
            "endDate": "2022-10-24T11:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-11-04T00:00:00Z",
            "endDate": "2023-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/0d865b33-2736-493f-b9c2-53c56e4d3061",
                "datePublished": "2022-10-09T18:39:47+01:00",
                "format": "text/html",
                "language": "en",
                "dateModified": "2022-10-25T22:54:04+01:00"
            },
            {
                "id": "2",
                "description": "n/a",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/737d966b-aa46-467d-96b3-3466de9cfe91",
                "format": "application/pdf"
            },
            {
                "id": "3",
                "description": "n/a",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/db66c5b2-a812-4e58-a0b2-210d06e4f620",
                "format": "application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"
            },
            {
                "id": "4",
                "description": "n/a",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/297f5f91-81f5-420d-aaad-1c0ae00d7ad5",
                "format": "application/pdf"
            },
            {
                "id": "5",
                "description": "n/a",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/22b69020-919e-416d-acc2-6d57bb548ea6",
                "format": "application/pdf"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-217160",
            "name": "Department for Business, Energy & Industrial Strategy",
            "identifier": {
                "legalName": "Department for Business, Energy & Industrial Strategy"
            },
            "address": {
                "streetAddress": "Polaris House",
                "locality": "Swindon",
                "postalCode": "SN2 1FF",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "ProfessionalServices@uksbs.co.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-217160",
        "name": "Department for Business, Energy & Industrial Strategy"
    }
}