Tender

Community Bank Due Dilligence

BRISTOL CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

04 Oct 2019 at 10:28

Tender Notice
Summary of the contracting process

Bristol City Council is seeking a competent provider to conduct a two-phased due diligence exercise for the Community Bank initiative, targeting small and medium-sized enterprises as well as local community groups. The tender, titled "Community Bank Due Dilligence," is currently in the active stage of the procurement process, following the open procedure method. The deadline for submissions is 4 November 2019, with the contract expected to commence on 22 November 2019 and run until 21 November 2023. The procurement value is estimated at £1,000,000, and the geographical scope includes the United Kingdom and surrounding areas.

This tender presents significant opportunities for service providers in financial and management consultancy, particularly those who focus on due diligence and regional financial development. Suitable businesses include small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that possess the expertise to support the establishment of community banks aimed at enhancing local financial services. Engaging in this process could position these businesses to play a pivotal role in meeting the financial needs of diverse community stakeholders.

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Notice Information

Notice Title

Community Bank Due Dilligence

Notice Description

The Community Savings Banks Association (CSBA) is supporting the creation of a network of banks to serve the everyday financial needs of ordinary people, local community groups, and small and medium sized companies and that reflect the unique characteristic and priorities of the region. Bristol City Council (The Authority) and a number of local authorities ('participating authorities') have agreed, committed 'in principle' or are considering investment in the banks being developed for their respective regions. The banks are in various stages of development but predominantly in their infancy, following a bank in a box model and working towards the application for a banking license. The target operational date for the first of these banks is - financial year 2020/21, with a range of milestones to be achieved within that process. The Authority is looking to appoint, through a competitive process a competent provider/organization that will undertake a two phased due diligence exercise. The first phase is the initial due diligence on the regional model and will report to the Chief Finance Officer (or equivalent officer) of the lead (first participating) authority for the region. The second phase is the local diligence, call off arrangement which will report to the Chief Finance Officer (or equivalent officer) of the participating authority. Further details on the requirement, (Service Details for Due Diligence) and the procurement process can be found in the documents available to bidders participating in this tender exercise.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2d51da35-8de5-48e4-86c3-dbbf3404639b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66171000 - Financial consultancy services

73200000 - Research and development consultancy services

79411000 - General management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
4 Oct 20196 years ago
Submission Deadline
4 Nov 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
22 Nov 2019 - 21 Nov 2023 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRISTOL CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 5TR
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
Not specified
Local Authority
Bristol, City of
Electoral Ward
Hotwells and Harbourside
Westminster Constituency
Bristol Central

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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