Tender

GB-Sheffield: BBB Structured Finance Legal Services Panel

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Tender

01 Dec 2023 at 15:45

Tender Notice
Summary of the contracting process

The British Business Bank is procuring legal services for structured finance transactions through an open procurement exercise. This opportunity, titled "BBB Structured Finance Legal Services Panel," is aimed at creating a framework for legal advice services. The procuring entity, British Business Bank, aims to support sustainable growth and transition to a net-zero economy by facilitating access to finance for smaller businesses. The procurement process is being conducted via the Delta e-tendering platform. The deadline for submission of clarification questions is 11th December 2023, and bids are due by 10th January 2024.

This tender provides opportunities for legal service providers with expertise in finance, corporate law, regulatory compliance, and dispute resolution. The framework will last for 4 years and is non-exclusive, offering potential for various legal service providers to engage. This contract may be particularly suitable for small or medium-sized enterprises (SMEs) looking to work with the British Business Bank, an economic development bank funded by the UK Government. The tender represents a chance for businesses specialised in structured finance and legal advisory services to establish long-term engagements.

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Notice Information

Notice Title

GB-Sheffield: BBB Structured Finance Legal Services Panel

Notice Description

1.Overview In line with the Prior Information Notice ("PIN") as issued on 8th September 2023, British Business Bank ("BBB") are undertaking an open procurement exercise by which to create a framework (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions. 2.Introduction BBB is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBB's mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UK's business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd ("BBFSL") administers certain programmes on behalf of HM Government. British Business Investments Limited ("BBI") is part of the BBB's commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this framework procurement for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. 3.Nature of Services (a)The procurement exercise will welcome Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable, foreign law advice or 'issue spotting' (noting that any contracts to be entered into by the Buyers will be governed by English law); (vi)tax law advice; (vii)general transaction management; and (viii)advice relating to disputes, litigation, investigations and other contentious matters. 4.Procurement Process This procurement is being conducted via the Delta e-tendering platform, for which registration is free at the link contained - Enter Details | Delta (delta-esourcing.com), should it be required the access code is 34XH2S5K93. The Framework will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, guaranteed volumes of work cannot be provided and the values outlined are anticipated only. The deadline for submission of clarification questions is 11th December 2023, with submission of bids to be received by 10th January 2024 at midday. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c81cfce7-122f-4d60-a8fa-cfe9f208e8d1
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

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Dec 20232 years ago
Submission Deadline
10 Jan 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2024 - 31 Mar 2028 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
BRITISH BUSINESS BANK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Further Information

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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