Tender

Members Financial Support Administration - City of London Corporation

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Tender

03 Sep 2021 at 08:29

Tender Notice
Summary of the contracting process

The City of London Corporation is procuring an Administrator for its Financial Support Scheme and Extended Member Support Scheme for a duration of 12 months. The tender, titled "Members Financial Support Administration," falls within the administration services industry category and is located in London, England. The procurement process is currently at the tender stage, with submissions due by 14:00 on 15 September 2021. The contract is expected to commence on 1 October 2021 and conclude on 30 September 2022, with a total estimated value of £100,000, procured through a limited competitive quotation method.

This tender presents a valuable opportunity for SMEs specialising in administration and financial services to grow their business by competing for this role. Companies that can demonstrate expertise in handling financial claims and managing administrative processes will be particularly well-suited. Furthermore, the criteria for this tender favour smaller enterprises, making it accessible for those looking to collaborate with the City of London Corporation in supporting its financial initiatives.

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Notice Information

Notice Title

Members Financial Support Administration - City of London Corporation

Notice Description

The City of London Corporation requires an Administrator for its Financial Support Scheme and Extended Member Support Scheme for a period of 12 months. In summary the role of the Administrator will be to: - Independently administer the Scheme and the Extended Scheme in a timely manner and on a fair and reasonable basis. - Impartially consider claims made under the Scheme and the Extended Scheme by claimants/Members and (where appropriate) request further information from claimants/Members to support claims and consider that further information. - Make recommendations to the Corporation on whether the Corporation should approve a claim and make a payment to the claimant/Member under the Scheme or the Extended Scheme. - Confirm to the Corporation the amount to be paid to the Member under the Scheme or the Extended Scheme. Please note that all Administrator approved payments under the Scheme and the Extended Scheme will be paid directly to the claimant/Member by the Corporation. - Advise the Corporation of the tax and National Insurance Contributions ("NIC") treatment of approved payments made under the Scheme or the Extended Scheme. In particular whether the Corporation is required to operate tax and Class 1 NIC on the approved payment under PAYE and/or whether any tax and/or NIC exemptions relating to office holders pay and/or expenses may apply. The Administrator

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-53b50ceb-a74f-4e2a-ad78-7dd5871b5400
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/08914482-04d1-4e79-844f-8abe8e57d4a3
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75100000 - Administration services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Sep 20214 years ago
Submission Deadline
15 Sep 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2021 - 30 Sep 2022 6-12 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
CITY OF LONDON CORPORATION
Contact Name
Not specified
Contact Email
oliver.watling@cityoflondon.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2V 7HH
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

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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