Award

Social Impact Bond - Turning the Tide 2016

NORTH SOMERSET COUNCIL

This public procurement record has 1 release in its history.

Award

31 Jan 2017 at 11:27

Award Notice
Summary of the contracting process

The procurement process involves North Somerset Council, which is seeking to address social care needs through the "Social Impact Bond - Turning the Tide 2016" initiative. This tender falls under the financial and insurance services industry, with a focus on health and social work. The contract, valued at £3,325,000, commenced on 4th January 2017 and will last until 3rd January 2024. The procurement method used is selective, specifically through a competitive dialogue, with the tender period having ended on 28th October 2016.

This tender presents significant opportunities for businesses that specialise in social care services, particularly those that can demonstrate innovative approaches to family preservation and support. Companies offering solutions aimed at improving family functioning and child well-being, particularly those experienced in payment by results models, will find this contract appealing. Small and medium-sized enterprises (SMEs) may particularly benefit from this opportunity, alongside larger organisations with the capability to engage in complex social services initiatives.

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

Social Impact Bond - Turning the Tide 2016

Notice Description

North Somerset Council's Turning the Tide Social Impact Bond (SIB) aims to reduce the need for children to be looked after by commissioning a service that works with families to help children safely stay at home and by keeping placements in care short through reuniting children with their families as soon as possible The service will focus on improving family functioning and resilience to improve outcomes for an estimated 240 children over an initial five year period with an opportunity to extend the contract to seven years. We have explored family preservation models but would be interested in any approaches that would deliver the outcomes. Families to be worked with will fall into two specific cohorts as follows: Cohort 1 - Families with a child aged 10 - 17 currently looked after under s.20 of the Children's Act (1989) and with a plan to return home. Cohort 2 - Families with a child aged 10 - 17 on the edge of care and at imminent risk of becoming looked after on a voluntary basis. Using a payment by results model, service provider/s will receive payments linked to key primary outcomes such as: - the child being reunited with the family and returning to the family home (cohort 1) - Improved measured family functioning and child well-being - the child remains home with their family (cohort 2) - Improved measured family functioning and children well-being

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-95074320-9657-40a0-84e9-351b8547e693
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cc27ee32-cbce-439f-b096-486f59f3cca4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialog
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

85 - Health and social work services

CPV Codes

66000000 - Financial and insurance services

85000000 - Health and social work services

Notice Value(s)

Tender Value
£3,325,000 £1M-£10M
Lots Value
Not specified
Awards Value
£33,250,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20179 years ago
Submission Deadline
28 Oct 2016Expired
Future Notice Date
Not specified
Award Date
19 Dec 20169 years ago
Contract Period
4 Jan 2017 - 3 Jan 2024 Over 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 SOMERSET 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
WESTON-SUPER-MARE
Postcode
BS23 1UJ
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK61 North Somerset
Delivery Location
TLK South West (England)
Local Authority
North Somerset
Electoral Ward
Weston-super-Mare Central
Westminster Constituency
Weston-super-Mare

Supplier Information

Number of Suppliers
1
Supplier Name

CORE ASSETS GROUP

Further Information

Notice Documents

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-b5fd17-95074320-9657-40a0-84e9-351b8547e693-2017-01-31T11:27:25Z",
    "date": "2017-01-31T11:27:25Z",
    "ocid": "ocds-b5fd17-95074320-9657-40a0-84e9-351b8547e693",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "DN122923",
        "title": "Social Impact Bond - Turning the Tide 2016",
        "description": "North Somerset Council's Turning the Tide Social Impact Bond (SIB) aims to reduce the need for children to be looked after by commissioning a service that works with families to help children safely stay at home and by keeping placements in care short through reuniting children with their families as soon as possible The service will focus on improving family functioning and resilience to improve outcomes for an estimated 240 children over an initial five year period with an opportunity to extend the contract to seven years. We have explored family preservation models but would be interested in any approaches that would deliver the outcomes. Families to be worked with will fall into two specific cohorts as follows: Cohort 1 - Families with a child aged 10 - 17 currently looked after under s.20 of the Children's Act (1989) and with a plan to return home. Cohort 2 - Families with a child aged 10 - 17 on the edge of care and at imminent risk of becoming looked after on a voluntary basis. Using a payment by results model, service provider/s will receive payments linked to key primary outcomes such as: - the child being reunited with the family and returning to the family home (cohort 1) - Improved measured family functioning and child well-being - the child remains home with their family (cohort 2) - Improved measured family functioning and children well-being",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "85000000",
                "description": "Health and social work services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "South West",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 3325000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Competitive dialog",
        "tenderPeriod": {
            "endDate": "2016-10-28T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2017-01-04T00:00:00Z",
            "endDate": "2024-01-03T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/wMwH648A",
            "name": "North Somerset Council",
            "identifier": {
                "legalName": "North Somerset Council",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/wMwH648A"
            },
            "address": {
                "streetAddress": "Town Hall, Walliscote Grove Road",
                "locality": "Weston-super-Mare",
                "postalCode": "BS23 1UJ",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "nicola.scribens@n-somerset.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-46043",
            "name": "Core Assets Group",
            "identifier": {
                "legalName": "Core Assets Group"
            },
            "address": {
                "streetAddress": "Malvern View, Saxon Business Park, Hanbury Road, Stoke Prior, Bromsgrove, B60 4AD"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/wMwH648A",
        "name": "North Somerset Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-95074320-9657-40a0-84e9-351b8547e693-1",
            "status": "active",
            "date": "2016-12-19T00:00:00Z",
            "datePublished": "2017-01-31T11:27:25Z",
            "value": {
                "amount": 33250000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-46043",
                    "name": "Core Assets Group"
                }
            ],
            "contractPeriod": {
                "startDate": "2017-01-04T00:00:00Z",
                "endDate": "2024-01-03T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/cc27ee32-cbce-439f-b096-486f59f3cca4",
                    "datePublished": "2017-01-31T11:27:25Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}