Tender

Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham

LONDON BOROUGH OF BARKING AND DAGENHAM

This public procurement record has 1 release in its history.

Tender

15 Dec 2021 at 09:29

Tender Notice
Summary of the contracting process

The London Borough of Barking and Dagenham is seeking a Credit Union to support a Community Banking offer through an open tender process. The contract is titled "Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham" and is classified under Credit granting services within the services sector. This opportunity is located in Barking, England, and the tender period concludes on 18 January 2022. The contract spans three years, commencing 1 July 2022 and may be extended for up to two additional years. The total budget for this procurement is £500,000, with an initial budget envelope of £250,000.

This tender presents a significant opportunity for Credit Unions, especially those with strong digital capabilities and a comprehensive range of financial products and services. Businesses that can showcase their organizational strength, capacity for growth, and willingness to innovate in partnership with the council will be particularly well-suited to compete. Potential competitors are encouraged to demonstrate how they can meet local financial needs through effective service delivery and impactful outreach to the community of Barking and Dagenham.

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

Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham

Notice Description

London Borough of Barking & Dagenham are seeking an innovative and forward-thinking Credit Union partner who is up for the challenge of developing a Community Banking offer with us. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and Dagenham. We are looking for a Credit Union partnership to drive this forward and help us achieve our goals. The Credit Union does not have to be London based, we welcome applications from any Credit Union with excellent digital delivery. Full details can be found in the tender documents. What we are looking for in a partnership: - Organisational strength and ability to grow: a credit union that can demonstrate its financial health and ability to grow an innovative offer with us in Barking and Dagenham to meet local needs. - Products and Services: a credit union with a well-established comprehensive range of products and services that can meet different customer needs, including savings accounts, instant loans and transactional banking facilities at minimum. - Partnership working: a credit union that can demonstrate propensity and willingness to work innovatively with the council and borough partners over the course of the contract. - Service delivery: a credit union with a strong digital offer and can provide full, remote access to products and services via the web and/or mobile app. Other forms of engagement for those who are digitally excluded should also be available i.e. telephone - Impact and performance: a credit union with ambitious but realistic expectations of joint performance targets and a vision for the change we aim to see in Barking and Dagenham, as well as the ability to evidence the wider social, wellbeing and local economic impact of provision The contract is for 3 years with the option to extend for up to a further period of 1+1 years. London Borough of Barking and Dagenham will provide a number of investments to ensure the productivity of the partnership. The contract is advertised at PS500,000 however, PS250,000 is the budget envelope for the duration of the contract. Additional funds over the budget envelope to grow the offer may become available during the contract, including potential capital investment. There is no commitment to additional funds at this stage. We invite Credit Unions who meet the specification to submit a response to the Tender. Additional information: Tenders or requests to participate must be submitted electronically via: https://lbbdbravosolution.co.uk Tenders or requests to participate must be submitted to the above mentioned address The contracting authority intends to use an eTendering system in this procurement exercise. Suppliers Instructions How to Express Interest in this Tender: 1) Register your company on the eSourcing portal (this is only required once) - browse to the eSourcing Portal: https://lbbd.bravosolution.co.uk and click the link to register; - accept the terms and conditions and click 'Continue'; - enter your correct business and user details; - note the username you chose and click 'Save' when complete; - you will shortly receive an email with your unique password (please keep this secure). 2) Express an Interest in the tender - login to the portal with the username/password; - click the 'PQQs/ITTs. Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier); - click on the relevant PQQ/ITT to access the content; - click the 'Express Interest' button at the top of the page; - this will move the PQQ /ITT into your 'My PQQs/My ITTs' page. (This is a secure area reserved for your projects only); - you can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3) Responding to the tender - click 'My Response' under 'PQQ/ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining); - you can now use the 'Messages' function to communicate with the buyer and seek any clarification; - note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ITT; - there may be a mixture of online and offline actions for you to perform (there is detailed online help available); - you must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance, please consult the online help or contact the eTendering help desk. Description1: Link to eTendering system is below Link1: (URL) https://lbbd.bravosolution.co.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9e2da2f5-52f1-44d9-b919-68c8fdaf7706
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0475a21e-f9f5-45f0-8f14-a6b74a24d2a3
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 (above threshold)
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
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Dec 20214 years ago
Submission Deadline
18 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2022 - 30 Jun 2027 Over 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
LONDON BOROUGH OF BARKING AND DAGENHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BARKING
Postcode
IG11 7LU
Post Town
Ilford
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI London
Local Authority
Barking and Dagenham
Electoral Ward
Abbey
Westminster Constituency
Barking

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-b5fd17-9e2da2f5-52f1-44d9-b919-68c8fdaf7706-2021-12-15T09:29:28Z",
    "date": "2021-12-15T09:29:28Z",
    "ocid": "ocds-b5fd17-9e2da2f5-52f1-44d9-b919-68c8fdaf7706",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_293695/1021265",
        "title": "Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham",
        "description": "London Borough of Barking & Dagenham are seeking an innovative and forward-thinking Credit Union partner who is up for the challenge of developing a Community Banking offer with us. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and Dagenham. We are looking for a Credit Union partnership to drive this forward and help us achieve our goals. The Credit Union does not have to be London based, we welcome applications from any Credit Union with excellent digital delivery. Full details can be found in the tender documents. What we are looking for in a partnership: - Organisational strength and ability to grow: a credit union that can demonstrate its financial health and ability to grow an innovative offer with us in Barking and Dagenham to meet local needs. - Products and Services: a credit union with a well-established comprehensive range of products and services that can meet different customer needs, including savings accounts, instant loans and transactional banking facilities at minimum. - Partnership working: a credit union that can demonstrate propensity and willingness to work innovatively with the council and borough partners over the course of the contract. - Service delivery: a credit union with a strong digital offer and can provide full, remote access to products and services via the web and/or mobile app. Other forms of engagement for those who are digitally excluded should also be available i.e. telephone - Impact and performance: a credit union with ambitious but realistic expectations of joint performance targets and a vision for the change we aim to see in Barking and Dagenham, as well as the ability to evidence the wider social, wellbeing and local economic impact of provision The contract is for 3 years with the option to extend for up to a further period of 1+1 years. London Borough of Barking and Dagenham will provide a number of investments to ensure the productivity of the partnership. The contract is advertised at PS500,000 however, PS250,000 is the budget envelope for the duration of the contract. Additional funds over the budget envelope to grow the offer may become available during the contract, including potential capital investment. There is no commitment to additional funds at this stage. We invite Credit Unions who meet the specification to submit a response to the Tender. Additional information: Tenders or requests to participate must be submitted electronically via: https://lbbdbravosolution.co.uk Tenders or requests to participate must be submitted to the above mentioned address The contracting authority intends to use an eTendering system in this procurement exercise. Suppliers Instructions How to Express Interest in this Tender: 1) Register your company on the eSourcing portal (this is only required once) - browse to the eSourcing Portal: https://lbbd.bravosolution.co.uk and click the link to register; - accept the terms and conditions and click 'Continue'; - enter your correct business and user details; - note the username you chose and click 'Save' when complete; - you will shortly receive an email with your unique password (please keep this secure). 2) Express an Interest in the tender - login to the portal with the username/password; - click the 'PQQs/ITTs. Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier); - click on the relevant PQQ/ITT to access the content; - click the 'Express Interest' button at the top of the page; - this will move the PQQ /ITT into your 'My PQQs/My ITTs' page. (This is a secure area reserved for your projects only); - you can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3) Responding to the tender - click 'My Response' under 'PQQ/ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining); - you can now use the 'Messages' function to communicate with the buyer and seek any clarification; - note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ITT; - there may be a mixture of online and offline actions for you to perform (there is detailed online help available); - you must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance, please consult the online help or contact the eTendering help desk. Description1: Link to eTendering system is below Link1: (URL) https://lbbd.bravosolution.co.uk",
        "datePublished": "2021-12-15T09:29:28Z",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66113000",
            "description": "Credit granting services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 500000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2022-01-18T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-07-01T00:00:00+01:00",
            "endDate": "2027-06-30T23:59:59+01:00"
        },
        "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/0475a21e-f9f5-45f0-8f14-a6b74a24d2a3",
                "datePublished": "2021-12-15T09:29:28Z",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-48821",
            "name": "London Borough of Barking and Dagenham",
            "identifier": {
                "legalName": "London Borough of Barking and Dagenham"
            },
            "address": {
                "streetAddress": "Town Hall",
                "locality": "Barking",
                "postalCode": "IG11 7LU",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "swoolvett@lbbd.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-48821",
        "name": "London Borough of Barking and Dagenham"
    }
}