Award

GB-Sheffield: Calculation Agent for a Cambridge and Counties Bank ("CCB") ENABLE Guarantee

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

06 Apr 2023 at 14:20

Summary of the contracting process

The British Business Bank has awarded a contract for the provision of services titled "Calculation Agent for a Cambridge and Counties Bank (CCB) ENABLE Guarantee" to Citibank NA. The contract, valued at £56,000 GBP, involves investment banking services and related services in the Yorkshire and the Humber region of the United Kingdom. The procurement stage was completed with a tender period ending on 15th March 2023 and a contract period running until 30th September 2028.

This tender presents business growth opportunities for financial institutions specialising in banking and investment services. Companies with expertise in providing calculation agent services for financial guarantees would be well-suited to compete. The procurement method used for this tender was not specified, and the contract is expected to run for five and a half years, ensuring probity and confirming amounts due to either party.

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Notice Title

GB-Sheffield: Calculation Agent for a Cambridge and Counties Bank ("CCB") ENABLE Guarantee

Notice Description

BEIS guarantee a portfolio of loans originated by Cynergy Bank, in return for a fee. A calculation agent, ensuring probity and confirming amounts due to either party. Additional information: The contract will run until the end of the Guarantee period expected to be five and a half years

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-395d33db-8df7-45a6-b7fb-81d1bd3305ff
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/673aa7f9-a06f-481d-a92c-a92d57313a82
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

66100000 - Banking and investment services

66110000 - Banking services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£56,000 Under £100K
Lots Value
Not specified
Awards Value
£56,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Apr 20232 years ago
Submission Deadline
15 Mar 2023Expired
Future Notice Date
Not specified
Award Date
15 Mar 20232 years ago
Contract Period
16 Mar 2023 - 30 Sep 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
02039051462

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
TLE Yorkshire and The Humber

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

CITIBANK NA

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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