Award

GB-Sheffield: Calculation Agent for Close Brothers

BRITISH BUSINESS FINANCIAL SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

01 Apr 2025 at 08:45

Summary of the contracting process

The procurement process involves British Business Financial Services Limited, located in Sheffield, UK, contracting Citibank N.A for financial management consultancy services. The procurement pertains to the role of a calculation agent for Close Brothers. The industry category for this contract is financial management, classified under CPV 79412000. The procurement stage is Award, with the contract period spanning from 1st March 2025 to 31st May 2028. Key dates include the end of the tender period on 3rd February 2025, and the award notice, which was published on 1st April 2025. The total contract value is £58,157 GBP, and the delivery region is Yorkshire and the Humber, United Kingdom.

This tender provides a lucrative opportunity for businesses experienced in financial management consultancy services, especially those capable of serving as a calculation agent. Given the involvement of Citibank N.A, large-scale enterprises with robust financial management capabilities are likely well-suited for such contracts. The direct award method used aligns with the Contracting Authority's Standing Financial Instructions, highlighting the necessity for businesses to adhere to stringent procedural standards and ensuring probity in financial dealings.

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Notice Title

GB-Sheffield: Calculation Agent for Close Brothers

Notice Description

This contract is for a calculation agent, ensuring probity and confirming amounts due to either party The contract was awarded through the utilisation of a Direct Award in line with the Contracting Authority's Standing Financial Instructions. There is no extension provision available

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8894846c-4ddd-476f-8ec2-e84003d23613
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/669607ef-2491-4c87-8356-6b95e3476d92
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

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£58,157 Under £100K
Lots Value
Not specified
Awards Value
£58,157 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 202510 months ago
Submission Deadline
3 Feb 2025Expired
Future Notice Date
Not specified
Award Date
3 Feb 20251 years ago
Contract Period
1 Mar 2025 - 31 May 2028 3-4 years
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 FINANCIAL SERVICES LIMITED
Contact Name
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
01142062134

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
TLE Yorkshire and The Humber

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

CITIBANK N.A

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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