Award

PS21079 Trade Credit Reinsurance delivery partner

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

23 Sep 2021 at 12:25

Award Notice
Summary of the contracting process

The procurement process involves the Department for Business, Energy and Industrial Strategy (BEIS) as the buying organisation, seeking a delivery partner for the "PS21079 Trade Credit Reinsurance delivery partner" project. This project falls within the credit and surety insurance services industry and is situated in Swindon, England. The procurement has reached the award stage, with the contract awarded on 3rd September 2021, and the total contract value is GBP 2,889,258. The contract period is set from 3rd September 2021 to 31st August 2022, and the procurement was conducted through a selective method under the RM6008 Management Consultancy Framework 2, specifically targeting strategic consultancy services.

This tender presents significant opportunities for businesses experienced in the financial services sector, particularly those with expertise in the Trade Credit Insurance market. Companies capable of managing high volumes of financial claims, handling sensitive information, and providing counter-fraud services will be well-suited for this contract. Furthermore, organisations familiar with government operations and able to quickly mobilise multi-disciplinary teams will find this contract aligns with their capabilities, making this a promising avenue for business growth within the reinsurance and consultancy services landscape.

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Notice Information

Notice Title

PS21079 Trade Credit Reinsurance delivery partner

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a mini competition under the RM6008 Management Consultancy Framework 2 (MCF2) Lot 4 Strategic Consultancy Services The Department for Business, Energy and Industrial Strategy (BEIS) is the department focused on building a stronger, greener future by fighting coronavirus, tackling climate change, unleashing innovation and making the UK a great place to work and do business. Delivery of the TCR scheme is overseen by the Central Grants and Loans (CGL) team within BEIS who will have oversight of the work of the delivery partner and who will be expected to report to the CGL team on an ongoing basis. We are seeking an external delivery partner with expert knowledge of the TCI market (as well as wider insurance markets), capable of handling and validating a high volume of financial claims, capable of handling commercially sensitive information, capable of delivering counter fraud services, familiarity with the required reporting and monitoring requirements, familiarity of working with government, and ability bring online and to deploy a multi-disciplinary team at pace (this would include expertise in policy, finance, actuarial, analysis, legal, and digital).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-63bc202c-8047-4007-b033-f117bf5d964d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5a47e5f7-ec38-4a03-8c7d-c57663ad84a2
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66517000 - Credit and surety insurance services

66700000 - Reinsurance services

Notice Value(s)

Tender Value
£2,889,258 £1M-£10M
Lots Value
Not specified
Awards Value
£2,889,258 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Sep 20214 years ago
Submission Deadline
3 Aug 2021Expired
Future Notice Date
Not specified
Award Date
2 Sep 20214 years ago
Contract Period
2 Sep 2021 - 31 Aug 2022 6-12 months
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
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSE COOPERS

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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