Notice Information
Notice Title
Project Saturn
Notice Description
UK Asset Resolution Ltd (UKAR) is nearing completion of its objective of returning the UK taxpayers' investment in NRAM Ltd (NRAM) and Bradford and Bingley plc (B&B) to the private sector. One option is to sell the NRAM and B&B legal entities, leaving UKAR in public ownership. UKAR is therefore seeking to establish a single supplier contract to outsource all aspects of the running of its remaining business, with the exception of board and company secretarial functions. UKAR will be responsible for meeting contractual obligations to the buyer of B&B and NRAM, a range of liabilities relating to previous asset sales, sponsoring the legacy defined benefit pension schemes and administering other non-loan assets and liabilities. The scope of the contract requires the provision of claims management services and the outsourcing of business administration activities required to run the business, such as management reporting, stakeholder management and other miscellaneous activities (such as, potentially, residual pension management responsibilities). It also involves the planning and management of the transition to the new arrangements.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-4dec2e6e-795e-4fd3-84ae-d421e6bb3d37
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/fe1a4b7c-def2-4801-8e0c-b4271d917123
- 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
- Other - Contract Award Notice
- Tender Suitability
- SME
- Awardee Scale
- SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79400000 - Business and management consultancy and related services
Notice Value(s)
- Tender Value
- £16,500,000 £10M-£100M
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 13 Aug 20196 years ago
- Submission Deadline
- 10 Dec 2018Expired
- Future Notice Date
- Not specified
- Award Date
- 30 Jun 20196 years ago
- Contract Period
- 29 Aug 2019 - 29 Aug 2030 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
- CROWN COMMERCIAL SERVICE
- Contact Name
- UK Asset Resolution Ltd (UKAR)
- Contact Email
- resico@ukar.co.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- BINGLEY
- Postcode
- BD16 2UA
- Post Town
- Bradford
- Country
- England
-
- Major Region (ITL 1)
- TLE Yorkshire and The Humber
- Basic Region (ITL 2)
- TLE4 West Yorkshire
- Small Region (ITL 3)
- TLE41 Bradford
- Delivery Location
- Not specified
-
- Local Authority
- Bradford
- Electoral Ward
- Bingley
- Westminster Constituency
- Shipley
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/fe1a4b7c-def2-4801-8e0c-b4271d917123
13th August 2019 - Awarded contract notice on Contracts Finder
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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