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Model Input Validation

British Business Bank

This public procurement record has 1 release in its history.

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19 Oct 2026 at 08:04

Award Notice
Summary of the contracting process

British Business Bank PLC procured financial consultancy to validate inputs into its Model. The work is a focused model-validation assignment rather than a broader consultancy requirement. The buyer is based in Sheffield, and the stated delivery country is the United Kingdom.

The procurement is complete and SQW EBT Ltd was selected for the contract. The award was made on 30 March 2026, following a single-tender action below the threshold. The estimated and awarded value was £59,924. The contract period runs from 1 April to 30 June 2026. The tender deadline was 30 March 2026. The procurement was not divided into lots. Small and medium-sized enterprises were considered suitable. The requirement was assessed as financial consultancy, with model-input validation as its stated scope.

For future requirements of this kind, credible suppliers will need to demonstrate financial consultancy capability focused on checking inputs to a model. The selected supplier was an SME, and SMEs were considered suitable for this work, indicating that this scale of assignment did not require a large provider. A competitor would need a clear, relevant track record in model input validation and the capacity to deliver a focused assignment for British Business Bank PLC. The route used was a single-tender action, so suppliers should recognise that the awarded process itself was not an open competition.

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Notice Information

Notice Title

Model Input Validation

Notice Description

Validation of inputs into the Model

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a7bbd822-be12-4ee5-bbaa-463f66c42da8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/081f4013-23ec-4739-ab44-e863e18b4ff1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£59,924 Under £100K
Lots Value
Not specified
Awards Value
£59,924 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 20267 months ago
Contract Period
1 Apr 2026 - 30 Jun 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
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
S3 8NH
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

SQW EBT LTD

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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