Award

GB-Sheffield: Opening up the investment pipeline of the BBB

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

26 Jan 2024 at 16:25

Award Notice
Summary of the contracting process

The British Business Bank awarded a contract to Ernst & Young LLP for the provision of consultancy services to support the development of a new investment vehicle/fund. The contract has a total potential value of £2,000,000 and runs from January 26, 2024, to June 30, 2025. The procurement stage for this award was a tender process, with the tender period ending on December 18, 2023. The procurement falls under the industry category of business and management consultancy services.

This public procurement contract from the British Business Bank offers opportunities for businesses in the consultancy services sector to engage in projects supporting financial investment. Companies with expertise in business and management consultancy services are well-suited to compete for this tender. The location for the provision of services covers various territories including the UK, Europe, and other international locations outside of the British Overseas Territories and Channel Islands.

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Notice Information

Notice Title

GB-Sheffield: Opening up the investment pipeline of the BBB

Notice Description

British Business Bank (BBB) undertook a mini competition exercise via Lot 2 (Stratgegy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3) for the provision of consultancy services to support the development, design and implementation of a new investment vehicle/fund that would enable the Bank to take on and manage third party capital. This will be for an initial term of 11 months until 31st December 2024, with the option to extend for a further 6 months until 30th June 2025. The total potential value for the full term of the contract, incorporating the extension period, shall be PS2,000,000

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c606cc81-dce1-4f47-8b0e-94822449aeba
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

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20242 years ago
Submission Deadline
18 Dec 2023Expired
Future Notice Date
Not specified
Award Date
18 Dec 20232 years ago
Contract Period
26 Jan 2024 - 30 Jun 2025 1-2 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
BRITISH BUSINESS BANK
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

ERNST & YOUNG

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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