Tender

PS22384 - FCA Registration - ITQ

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

TenderAmendment

27 Oct 2022 at 09:26

Tender Notice
Tender

26 Oct 2022 at 14:32

Tender Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has initiated a tender process for legal advisory and representation services under the title "PS22384 - FCA Registration - ITQ". The procurement stage is currently active, and the final submission deadline for bids is set for Friday, 4th November 2022 at 11:00 GMT. The contract period is scheduled to start on 14th November 2022 and end on 31st March 2023. This opportunity falls under the services category and has a value of £75,000 GBP.

This tender by the Department for Business, Energy & Industrial Strategy presents an opportunity for legal advisory and information service providers to bid for supplying advice and support related to the regulatory status and compliance functions of the Innovation Loans programme. Businesses in the legal advisory and representation services industry, particularly those with experience in providing financial regulatory advice, are well-suited to compete for this contract. Interested SMEs looking to expand their services in the public sector should consider participating in this tender process before the deadline on Friday, 4th November 2022.

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Notice Information

Notice Title

PS22384 - FCA Registration - ITQ

Notice Description

The final date and time for the submission of bids is Friday 4th November 2022 at 11:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement Innovate UK Loans Limited (IUKL) is a special purpose vehicle established in February 2018 to deliver the Innovation Loans programme, a subsidised finance product aimed at single SMEs undertaking later stage research and development activities with a clear route to commercial success. IUKL is a wholly owned subsidiary or UK Research and Innovation, a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). Functionally, IUKL sits within Innovate UK, a council of UKRI, making use of a mix of IUK's core systems and processes and its own bespoke solutions. From a regulatory perspective, IUKL has relied to date on a business lending exemption and the outsourcing of its lending administration (making and collecting payments, interest calculations, KYC and AML etc.) to a third party provider, regulated by the FCA. However, as Innovation Loans moves from pilot to BAU, it is exploring its evolving business model and seeking professional advice and support around its regulatory status and related compliance functions. This procurement seeks a provider to supply that advice and support. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal. This contract will be awarded based on the evaluation criteria as set out in the ITQ document. How to Apply UK Shared Business Services Ltd (UK SBS) will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS22311

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d3befd82-9b70-4618-86dc-a2b6e708612b
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 (below threshold)
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

79110000 - Legal advisory and representation services

79131000 - Documentation services

79132000 - Certification services

79140000 - Legal advisory and information services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Oct 20223 years ago
Submission Deadline
4 Nov 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Nov 2022 - 31 Mar 2023 1-6 months
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
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

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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