Award

QU510 - Feasibility Study of Financial Support Mechanism - AWARD

BIRMINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

12 Oct 2021 at 13:25

Summary of the contracting process

Birmingham City Council has recently awarded a contract for the "Feasibility Study of Financial Support Mechanism," aimed at exploring various alternatives for financial support like repayment grants and loans. This procurement process, classified under services and specifically dealing with feasibility studies and financial consultancy, took place through an open procedure. The contract period spans from 18th September 2021 to 13th December 2021, with a total value of £20,943. Key tasks include conducting market analysis, surveying SMEs, and providing recommendations. The tender was officially awarded on 11th October 2021.

This contract presents significant growth opportunities, particularly for businesses specialising in consultancy services and financial analysis. Companies with expertise in conducting feasibility studies and research in financial mechanisms would be well-positioned to engage with Birmingham City Council's requirements. The ability to analyse market needs and engage with SMEs effectively will be crucial, making this tender an ideal match for established consultancy firms and SMEs seeking to expand their service offerings in the public sector.

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Notice Title

QU510 - Feasibility Study of Financial Support Mechanism - AWARD

Notice Description

The Council is seeking experienced/independent external consultants to undertake a feasibility study to establish alternative financial support mechanisms for repayment grants, loans, loan guarantees, equity schemes and wage subsidy schemes. The findings of the feasibility study will be used to formulate a business strategy for Birmingham City Council and it is intended that the new provision will be delivered inhouse by the City Council. The Feasibility needs to provide: o An in-depth overview of current market provision for a) repayment grants, b) loans c) loan guarantees (ie interest free and soft loans), d) equity provisions and wage subsidies o Market need and demand for alternative mechanisms o Conduct an online survey to establish SME preferences and gauge the appetite for the provision options being considered o Gaps/opportunities in the market o Liaise with key stakeholders/Council delivery partners o Identify/liaise with Local Authorities which already have alternative financial mechanisms in place o Level of investment required by the Council for each mechanism/the minimum scales of funding provision o Advantages/disadvantages of each option o Engagement with the Council's key delivery partners and SMEs to gauge feedback on these proposals o Recommendations for the best option This contract will be for a period of 8 weeks commencing 13th September 2021 until 5th November 2021. The Council will be using its free to use e-tendering system (in-tend) for the administration of this procurement process and potential suppliers must register with the system to be able to express an interest. If you wish to express an interest in this opportunity please click on the following link to access https://in-tendhost.co.uk/birminghamcc/ and submit your details to register. You will then be sent details on how to log on which will enable you to download all relevant quotation documentation. If you are unable to register with In-tend or have any questions or problems on how to use this web site please either email us at: cps@birmingham.gov.uk or call CPS Helpdesk on 0121 464 8000. Your completed quotation submission should be returned by noon on 9th September 2021 via the 'in-tend' system https://in-tendhost.co.uk/birminghamcc

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2a0eba63-80d5-44fa-9610-2db3f02f8555
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/217f6369-c584-468b-9ef8-c5422cbbb55a
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

72 - IT services: consulting, software development, Internet and support

73 - Research and development services and related consultancy services

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


CPV Codes

66171000 - Financial consultancy services

71241000 - Feasibility study, advisory service, analysis

71356300 - Technical support services

71600000 - Technical testing, analysis and consultancy services

71621000 - Technical analysis or consultancy services

72221000 - Business analysis consultancy services

73200000 - Research and development consultancy services

73210000 - Research consultancy services

79314000 - Feasibility study

79410000 - Business and management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£20,943 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Oct 20214 years ago
Submission Deadline
19 Aug 2021Expired
Future Notice Date
Not specified
Award Date
10 Oct 20214 years ago
Contract Period
17 Sep 2021 - 13 Dec 2021 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BIRMINGHAM CITY COUNCIL
Contact Name
Manjit Samrai
Contact Email
manjit.samrai@birmingham.gov.uk
Contact Phone
0121 303 0349

Buyer Location

Locality
WEST MIDLANDS
Postcode
B4 7WB
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)

Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

AMION CONSULTING

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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