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GB-Sheffield: fraud analytics

British Business Bank

This public procurement record has 1 release in its history.

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09 Sep 2021 at 12:05

Award Notice
Summary of the contracting process

The British Business Bank, based in Sheffield, has recently completed a public procurement process titled "GB-Sheffield: fraud analytics." This contract, worth £1,600,000, falls under the fraud audit services category and involves identifying potential fraud indicators within the Coronavirus Business Interruption Loan Schemes (CBILS, BBLS, and CLBILS). The contract period commenced on 23 November 2020 and concluded on 1 June 2021. This procurement process was initiated through a tender, and the call-off contract has been awarded to PricewaterhouseCoopers LLP as part of the Crown Commercial Service's Management Consultancy Framework Two.

This tender presents significant opportunities for businesses that specialise in fraud analysis and consultancy services, particularly those that can provide expertise in evaluating risks within financial portfolios related to business interruption schemes. Companies with a background in financial services, data analytics, and audit services would be particularly well-suited to pursue similar contracts, as the attention to fraud prevention within the financial sector remains a critical area of focus. Engaging with such public procurement processes can facilitate business growth and expand the client base in a rapidly evolving market landscape.

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Notice Information

Notice Title

GB-Sheffield: fraud analytics

Notice Description

NOTE: This notice was updated on 09 September 2021 for the following reason: Summary of changes: This addendum corrects the previous addendum by correcting the value from PS1,500,000 to PS1,600,000.(A call off contract has been awarded to Pricewaterhouse Coopers LLP ("PwC") under Lot 2 of the Crown Commercial Service's Management Consultancy Framework Two (RM6008) ("Framework"). The Framework was advertised in a contract notice published in the Official Journal of European Union. The notice is available at the following link: https://ted.europa.eu/TED/notice/udl?uri=TED:NOTICE:155197-2018:TEXT:EN:HTML. Further information about the Framework can be found on the Crown Commercial Service's website at the following link: https://www.crowncommercial.gov.uk/agreements/RM6008. The call off contract concerns CBILS, BBLS and CLBILS (the "Coronavirus Business Interruption Schemes"). In particular, under the call off contract, PwC is responsible for identifying potential fraud indicators within the BBLS portfolio. In June 2021, British Business Financial Services Limited agreed to extend the term of the call off contract. At the same time, the scope of the contract was varied to include fraud sampling analysis of CBILS and CLBILS.)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-73386797-61fb-4872-9fe0-7dc0de471a83
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/24ba3329-ea06-4bef-811b-8047507ae653
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
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Sep 20215 years ago
Submission Deadline
Not specified
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

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
Postcode Area
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 LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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