Tender

GB-sheffield: Bank Accounts for Investment Funds

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Tender

04 Oct 2017 at 13:00

Summary of the contracting process

The British Business Bank is seeking a service provider for "Bank Accounts for Investment Funds," aimed at managing investment funds for the Cornwall and Isles of Scilly Investment Fund initiative. This open procurement process is currently at the tender stage, with submissions due by 25 October 2017. The contract is expected to start on 1 December 2017 and will last until 30 November 2027. The project falls within the banking and investment services industry, with a contract value ranging between £50,000 and £100,000, and various delivery addresses across the UK and additional territories.

This tender presents significant growth opportunities for small and medium enterprises (SMEs) with expertise in banking services. Providers with a solid track record in managing commercial bank accounts and investment services could leverage their capabilities to meet the requirements set by the British Business Bank. The structured procurement approach allows SMEs to engage competitively, benefiting from government contracts that can help enhance their market presence and operational capacity.

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.

Notice Title

GB-sheffield: Bank Accounts for Investment Funds

Notice Description

BBB is looking for a provider who can provide a number of Commercial Bank Accounts to manage investment funds for the Cornwall and Isles of Scilly Investment Fund initiative. BBB will manage the fund on behalf of the Department for Business Energy and Industrial Strategy. 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.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a53cf9ac-0dfa-47f7-ad9e-c895a2f3da59
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/133081c2-04c1-4690-b0aa-7554c47edcaa
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

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

66110000 - Banking 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
4 Oct 20178 years ago
Submission Deadline
25 Oct 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2017 - 30 Nov 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Amie Knight
Contact Email
amie.knight@british-business-bank.co.uk
Contact Phone
02039051462

Buyer Location

Locality
SHEFFIELD
Postcode
S3 8NH
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

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-a53cf9ac-0dfa-47f7-ad9e-c895a2f3da59-2017-10-04T14:00:42+01:00",
    "date": "2017-10-04T14:00:42+01:00",
    "ocid": "ocds-b5fd17-a53cf9ac-0dfa-47f7-ad9e-c895a2f3da59",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP281651679",
        "title": "GB-sheffield: Bank Accounts for Investment Funds",
        "description": "BBB is looking for a provider who can provide a number of Commercial Bank Accounts to manage investment funds for the Cornwall and Isles of Scilly Investment Fund initiative. BBB will manage the fund on behalf of the Department for Business Energy and Industrial Strategy. 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.",
        "datePublished": "2017-10-04T14:00:42+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66110000",
                "description": "Banking services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 50000,
            "currency": "GBP"
        },
        "value": {
            "amount": 100000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2017-10-25T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2017-12-01T00:00:00Z",
            "endDate": "2027-11-30T23:59:59Z"
        },
        "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/133081c2-04c1-4690-b0aa-7554c47edcaa",
                "datePublished": "2017-10-04T14:00:42+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/tenders/UK-GB-sheffield:-Bank-Accounts-for-Investment-Funds/R5V4PJPX2R"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-30225",
            "name": "British Business Bank",
            "identifier": {
                "legalName": "British Business Bank"
            },
            "address": {
                "streetAddress": "Foundry House, 3 Millsands",
                "locality": "Sheffield",
                "postalCode": "S3 8NH",
                "countryName": "UK"
            },
            "contactPoint": {
                "name": "Amie Knight",
                "email": "amie.knight@british-business-bank.co.uk",
                "telephone": "02039051462"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-30225",
        "name": "British Business Bank"
    }
}