Award

GB-Sheffield: fraud analytics

BRITISH BUSINESS BANK

This public procurement record has 3 releases in its history.

AwardUpdate

05 Nov 2021 at 16:05

AwardUpdate

24 Aug 2021 at 10:50

Award

24 Dec 2020 at 12:50

Summary of the contracting process

The British Business Bank, located in Sheffield, has recently completed a public procurement process for fraud analytics services, with the tender titled "GB-Sheffield: fraud analytics". This procurement falls under the industry category of fraud audit services and was initiated as a response to an expanded contract scope. The tender was closed on 16th November 2020, with the contract period starting from 23rd November 2020 and ending on 1st June 2021. The total value of the contract has seen an increase to £1,850,000 from its initial value of £1,600,000 due to additional fraud sampling analysis requirements associated with the CBILS and CLBILS schemes.

This tender presents promising opportunities for businesses specialising in fraud analytics and audit services, particularly those with experience in working with governmental or financial institutions. Companies that can demonstrate expertise in data analysis, compliance, and risk management will be well-suited to compete for similar contracts in the future, especially given the increasing focus on financial integrity and fraud prevention in public sectors. Engaging in such projects can also help businesses to establish credibility and expand their portfolios, thereby contributing to sustained growth.

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Notice Title

GB-Sheffield: fraud analytics

Notice Description

NOTE: This notice was updated on 05 November 2021 for the following reason: In September 2021, British Business Financial Services Limited agreed to extend the scope of the contract which was varied to include additional fraud sampling analysis of CBILS and CLBILS. The value was increased from PS1,600,000 to PS1,850,000(fraud analytics)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-621f8e41-d9d9-46cb-b615-2809fac883a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/72dfe96c-52c5-445a-8612-dd1da1966d2b
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

79212400 - Fraud audit services

Notice Value(s)

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

Notice Dates

Publication Date
5 Nov 20214 years ago
Submission Deadline
16 Nov 2020Expired
Future Notice Date
Not specified
Award Date
16 Nov 20205 years ago
Contract Period
23 Nov 2020 - 1 Jun 2021 6-12 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
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

PRICEWATERHOUSECOOPERS

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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