Award

GB-Sheffield: IFRS9 ECL & Claims Model - Call-off 4

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

01 Feb 2022 at 15:50

Summary of the contracting process

The British Business Bank Plc is seeking financial consultancy services through the tender titled "GB-Sheffield: IFRS9 ECL & Claims Model - Call-off 4," which aims to calculate Expected Credit Losses for IFRS9 purposes related to Covid loan schemes. The tender process concluded with the award announced on 1st February 2022, having commenced on 7th February 2022 and concluding on 14th March 2022. The contract value is £477,800, and it falls under the services category, specifically focusing on the CPV classification for financial consultancy services. This procurement process was not specified as any particular method but was identified as a tender initiation type.

This procurement opportunity is well-suited for businesses specialising in financial consultancy services, particularly those with expertise in the calculation of financial metrics and claims models in response to regulatory frameworks like IFRS. Companies with a proven track record in managing financial assessments and compliance will find this opportunity particularly relevant, fostering growth and expanding their client base through strategic partnerships with the British Business Bank Plc.

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Notice Title

GB-Sheffield: IFRS9 ECL & Claims Model - Call-off 4

Notice Description

Financial consultancy services - IFRS9 ECL & Claims Model - Call-off 4 Calculating Expected Credit Losses for IFRS9 purposes, fair values for IFRS9 and IFRS 13 purposes, & calculate expected future claim amounts over the remaining life of each Covid loan scheme.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4ac06db0-aa8d-40cf-8791-347eb8387636
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bf124a9d-b0ea-419a-9e1b-b0eac04f614c
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

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£477,800 £100K-£500K
Lots Value
Not specified
Awards Value
£477,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20224 years ago
Submission Deadline
6 Jan 2022Expired
Future Notice Date
Not specified
Award Date
6 Jan 20224 years ago
Contract Period
7 Feb 2022 - 14 Mar 2022 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
BRITISH BUSINESS BANK PLC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

4MOST (EUROPE

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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