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Impact Model Review

British Business Bank

This public procurement record has 1 release in its history.

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19 Oct 2026 at 08:12

Award Notice
Summary of the contracting process

British Business Bank PLC commissioned an impact model review, a financial consultancy service. The work concerns reviewing an impact model; no further scope or purpose is described. The buyer is based in Sheffield, and the service is recorded for delivery in the United Kingdom. The selected supplier was the Government Actuary’s Department. The requirement is therefore most relevant to consultancies and public-sector analytical teams with experience reviewing financial or economic impact models, rather than suppliers of general business support or unrelated financial services.

The procurement is complete and the contract was awarded to the Government Actuary’s Department on 19 April 2026. The award value is £60,000. The contract period runs from 20 April to 1 June 2026. The buyer used a direct single-tender procedure below the procurement threshold; this was not a multi-lot competition. The original estimated procurement value was also £60,000. The process records the service as suitable for small and medium-sized enterprises. No award-scoring criteria or detailed selection requirements are stated in the available process information.

This award demonstrates demand from British Business Bank for specialist scrutiny of an impact model, at a modest consultancy scale. The successful supplier was the Government Actuary’s Department, indicating that the buyer selected a public-sector actuarial body for this review. A competing firm seeking comparable work from this buyer would need credible capability in assessing impact models and financial or economic analysis, with the expertise to provide an independent, defensible review. The procurement was handled as a single-tender action below threshold, so suppliers should understand that this route can be used for a narrowly scoped requirement rather than assuming a broad open competition. The service was marked suitable for SMEs, suggesting smaller specialist consultancies can be relevant where they can demonstrate the necessary analytical depth.

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Notice Information

Notice Title

Impact Model Review

Notice Description

Impact Model Review

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8625d57d-e768-4d55-bf51-4ee4dd5a5216
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1109d708-eab7-4749-a7dd-cb8eab00ed29
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Apr 20266 months ago
Contract Period
20 Apr 2026 - 1 Jun 2026 1-6 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

Government Actuary's Dept

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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