Tender

GB-London: Operational Review Service Provider

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Tender

03 Oct 2019 at 15:00

Tender Notice
Summary of the contracting process

The British Business Bank is conducting a tender for the Operational Review Service Provider with a focus on evaluating delivery partners for its ENABLE Guarantee programme in London. This procurement falls under the category of business organisation services and is currently in the Tender stage. The deadline for submission is set for 4th October 2019, with a minimum contract value of £50,000 and a total value of £100,000. The contract is expected to commence on 1st November 2019 and run for three years, concluding on 31st October 2022. The procurement method employed is an open procedure, allowing any qualified party to submit bids.

This tender represents a significant opportunity for small and medium enterprises (SMEs) that can provide insights and expertise related to operational reviews in financial services. Firms with robust capabilities in business organisation, SME origination, underwriting processes, and governance controls will be particularly well-placed to compete. The successful delivery of operational review reports as outlined could enhance a business's standing within the industry, leading to further procurement opportunities with the British Business Bank and similar organisations.

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Notice Information

Notice Title

GB-London: Operational Review Service Provider

Notice Description

The British Business Bank is seeking a service provider to perform operational reviews (the "Operational Review Service Provider") of prospective delivery partners under the ENABLE Guarantee programme, the ENABLE Build and the ENABLE Funding programme. The review should ideally be in line with standard rating agency practices forming part of a rating process, and should cover at least the following: *business organisation; *SME origination and underwriting processes; *internal rating systems and measurement of defaults and recoveries; *portfolio management and servicing; *work-out processes; *governance and internal controls. Following each review the Operational Review Service Provider will produce an operational review report summarising its findings. 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.The access code for this tender on delta-esourcing.com is P66Z74TWTV

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a01902e5-039b-47de-a06a-430e5b4b5c5a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/621dde80-3a54-4aaf-81bf-f515da2abb6f
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

79996000 - Business organisation services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20196 years ago
Submission Deadline
4 Oct 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2019 - 31 Oct 2022 3-4 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
Jason Swann
Contact Email
jason.swann@british-business-bank.co.uk
Contact Phone
01142127944

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
TLI London
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

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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