Award

Financial Wellbeing Loan Service

NORTH YORKSHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

09 Nov 2017 at 13:42

Award Notice
Tender

13 Mar 2017 at 16:52

Tender Notice
Summary of the contracting process

The North Yorkshire County Council is seeking bids for the "Financial Wellbeing Loan Service," aimed at providing a new employee benefit for financial wellbeing. This service, which falls under the banking and investment services industry category, will facilitate debt consolidation and vehicle purchase options. The procurement process is currently in the Award stage, with the contract expected to commence on 1st May 2017 and run for a total of five years, potentially extended from an initial three-year term. Interested parties had until 4th April 2017 to submit their tenders for a contract value estimated at £1,000,000, based in the region of Yorkshire and the Humber.

This tender presents substantial business growth opportunities, particularly for SMEs focusing on banking and financial consultancy services. Companies capable of delivering innovative financial solutions and consultancy aimed at enhancing employee financial wellbeing will find themselves well-suited for this contract. The successful delivery of these services aligns with the increasing demand for employee benefits centred around debt management and financial health, making this an appealing prospect for businesses in the financial services sector.

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Notice Information

Notice Title

Financial Wellbeing Loan Service

Notice Description

The introduction of a new employee benefit for financial wellbeing to provide employees with the ability to save significantly on interest costs and get out of debt quicker. The product will include not only debt consolidation but also include the ability to purchase a vehicle; these are the only two options for this loan facility. The Contract will be for a period of 3 years with an option to extend for up to a further period of 2 years, therefore the total possible Contract duration is 5 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-94e845ad-bccc-4b9a-b3ea-b0a8a156b363
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/18ec03fd-29c8-46a9-bfb1-208757a0c12c
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66100000 - Banking and investment services

66110000 - Banking services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

79410000 - Business and 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
9 Nov 20178 years ago
Submission Deadline
4 Apr 2017Expired
Future Notice Date
Not specified
Award Date
24 Apr 20178 years ago
Contract Period
30 Apr 2017 - 31 Mar 2022 4-5 years
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
NORTH YORKSHIRE COUNTY COUNCIL
Contact Name
Stacey Speakman
Contact Email
stacey.speakman@northyorks.gov.uk
Contact Phone
+44 1609533459

Buyer Location

Locality
NORTHALLERTON
Postcode
DL7 8AD
Post Town
Darlington
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE2 North Yorkshire
Small Region (ITL 3)
TLE22 North Yorkshire
Delivery Location
TLE Yorkshire and The Humber
Local Authority
North Yorkshire
Electoral Ward
Romanby
Westminster Constituency
Richmond and Northallerton

Supplier Information

Number of Suppliers
1
Supplier Name

NEYBER

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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