Award

IBCA Provision of Financial Support to Persons Claiming

CABINET OFFICE

This public procurement record has 2 releases in its history.

AwardUpdate

02 Jul 2025 at 09:06

Award Notice
Award

01 Jul 2025 at 17:44

Award Notice
Summary of the contracting process

The Cabinet Office has completed the procurement process for the IBCA Provision of Financial Support to Persons Claiming, which falls under the financial and insurance services category. The contract, awarded to Bloom Procurement Services Ltd, extends from 2nd June 2025 to 30th March 2026, with a value of £500,000. This procurement was conducted using a selective method as a call-off from a framework agreement, with the buyer based in London, England. The service aims to assist claimants in managing compensation money by providing financial guidance. The buying and supplying entities agreed on this contract, officially published on 1st July 2025.

This tender presents significant opportunities for businesses in the financial advisory sector, particularly small and medium enterprises (SMEs), as these were deemed suitable for the contract. Companies with expertise in offering tailored financial guidance would benefit from engaging in such tenders, expanding their client base, and building relationships with governmental organisations. As the contract requires delivering substantial advisory services, businesses experienced in handling and providing strategic financial solutions will find this aligned with their capabilities for sustainable growth.

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Notice Information

Notice Title

IBCA Provision of Financial Support to Persons Claiming

Notice Description

Lyncombe Consultants Limited have been appointed by Bloom Procurement Services Limited on behalf of Cabinet Office (CO) on behalf of Infected Blood Compensation Authority ('IBCA') to provide up to 1,000 people making claims for compensation ('Persons Claiming') with guidance on the safe management of their money through a tailored introductory session with a financial advisor. Notwithstanding this, Lyncombe acknowledges that it will only be required to provide its services to such number of persons actually allocated to it through the 'Process For Allocation of Work Pursuant to the Mini-Competition' described below, from time to time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a98561df-4ffa-4e36-9fce-353cf463543d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d1e9a5ca-634e-4881-93fa-5ee3137689b3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jul 20257 months ago
Submission Deadline
16 May 2025Expired
Future Notice Date
Not specified
Award Date
1 Jun 20258 months ago
Contract Period
1 Jun 2025 - 30 Mar 2026 6-12 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
CABINET OFFICE
Contact Name
Not specified
Contact Email
professionalservices@cabinetoffice.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AS
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOM PROCUREMENT SERVICES

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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