Tender

Revolving Credit Facility

LOUGHBOROUGH UNIVERSITY

This public procurement record has 1 release in its history.

Tender

24 Apr 2024 at 09:40

Tender Notice
Summary of the contracting process

The University is seeking a financing solution for a £50 million RCF that expires in January 2025, aiming to integrate sustainability practices. The procurement process, led by Loughborough University in Loughborough, UK, is currently in the tender stage. The industry category is credit granting services, with a total contract value of £1,050,000. The deadline for tender submission is 31st May 2024, and the contract period is scheduled from February 19, 2025, to January 31, 2030.

This tender provides opportunities for businesses, especially those in the services sector, that can offer financing solutions with a focus on sustainability. Small and medium-sized enterprises (SMEs) are encouraged to participate in this open procedure tender. Loughborough University is actively seeking solutions that align with its sustainability goals and values, creating a platform for businesses to contribute to the university's strategic objectives.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Revolving Credit Facility

Notice Description

The University currently has a PS50 million RCF that expires in January 2025. The RCF provides a source of short-term liquidity to manage the University's cash flow cycle. The University is committed to integrating sustainability practices into its operations and seeks a financing solution that incentivises further progress towards its sustainability goals.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8b8cdeba-58a8-488a-a81d-799fb3f63f7d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f33a5079-8340-4382-acb2-705a70882a7c
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
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66113000 - Credit granting services

Notice Value(s)

Tender Value
£1,050,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Apr 20241 years ago
Submission Deadline
31 May 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
19 Feb 2025 - 31 Jan 2030 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
LOUGHBOROUGH UNIVERSITY
Contact Name
Not specified
Contact Email
h.dakri@lboro.ac.uk
Contact Phone
+441509228186

Buyer Location

Locality
LOUGHBOROUGH
Postcode
LE11 3TU
Post Town
Leicester
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLF East Midlands (England)
Local Authority
Charnwood
Electoral Ward
Loughborough Ashby
Westminster Constituency
Loughborough

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-8b8cdeba-58a8-488a-a81d-799fb3f63f7d-2024-04-24T10:40:03+01:00",
    "date": "2024-04-24T10:40:03+01:00",
    "ocid": "ocds-b5fd17-8b8cdeba-58a8-488a-a81d-799fb3f63f7d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP857018596",
        "title": "Revolving Credit Facility",
        "description": "The University currently has a PS50 million RCF that expires in January 2025. The RCF provides a source of short-term liquidity to manage the University's cash flow cycle. The University is committed to integrating sustainability practices into its operations and seeks a financing solution that incentivises further progress towards its sustainability goals.",
        "datePublished": "2024-04-24T10:40:03+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66113000",
            "description": "Credit granting services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "East Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1050000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2024-05-31T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2025-02-19T00:00:00Z",
            "endDate": "2030-01-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/f33a5079-8340-4382-acb2-705a70882a7c",
                "datePublished": "2024-04-24T10:40:03+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/tenders/UK-UK-Loughborough:-Credit-granting-services./7376RDN4V8"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-82037",
            "name": "Loughborough University",
            "identifier": {
                "legalName": "Loughborough University"
            },
            "address": {
                "streetAddress": "Epinal Way",
                "locality": "Loughborough",
                "postalCode": "LE11 3TU",
                "countryName": "UK"
            },
            "contactPoint": {
                "email": "H.dakri@lboro.ac.uk",
                "telephone": "+441509228186"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-82037",
        "name": "Loughborough University"
    }
}