Award

Debt Management & Business Intelligence Framework Agreement and Joint Venture

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

16 Jun 2017 at 13:39

Summary of the contracting process

The procurement process involves the establishment of a Debt Management & Business Intelligence Framework Agreement and Joint Venture by capitalEsourcing, a contracting authority based in London, United Kingdom. This framework is aimed at assisting various contracting bodies in managing and preventing debt across operational areas. The procurement method employed was a selective, restricted procedure, with the tender period concluding on 21 March 2017. The awarded contract, valued at £500 million, commenced on 5 June 2017 and is set to last until 4 July 2022.

This tender presents substantial opportunities for businesses specialising in financial and insurance services, particularly those capable of delivering effective debt management solutions. Companies, especially small and medium enterprises (SMEs), with expertise in developing innovative strategies to manage debts and enhance business intelligence will find this contract particularly suitable. Engaging in this procurement can foster growth by allowing local businesses to collaborate with larger suppliers like 1st Credit Limited while contributing to the overall efficiency and sustainability of debt management processes within the contracting authority and associated bodies.

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Notice Title

Debt Management & Business Intelligence Framework Agreement and Joint Venture

Notice Description

The Contracting Authority established a single supplier national Framework to enable it and other named Contracting Bodies to help them manage and prevent debt arising from all operational areas in order to minimise the value lost through bad debt. Secondly, the establishment of a Joint Venture with the Contracting Authority, with the Joint Venture providing services back to the successful Supplier.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9bd0c261-6222-4561-8462-fdba24646aab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1b41fd05-6d87-48f4-b5f2-cd5650cfc70c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£500,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jun 20178 years ago
Submission Deadline
21 Mar 2017Expired
Future Notice Date
Not specified
Award Date
4 Apr 20178 years ago
Contract Period
4 Jun 2017 - 4 Jul 2022 Over 5 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
CAPITALESOURCING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
W6 9JU
Post Town
West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London

Local Authority
Hammersmith and Fulham
Electoral Ward
Hammersmith Broadway
Westminster Constituency
Hammersmith and Chiswick

Supplier Information

Number of Suppliers
1
Supplier Name

1ST CREDIT

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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