Planning

Investor/Company Background Check Service

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 5 releases in its history.

Planning

17 Sep 2019 at 12:58

Planning

16 Sep 2019 at 15:08

Planning

06 Sep 2019 at 16:09

Planning

06 Sep 2019 at 13:19

Planning

06 Sep 2019 at 13:17

Summary of the contracting process

The Department for International Trade is initiating the procurement process for an "Investor/Company Background Check Service" as part of their Growth Capital team's efforts to evaluate international investors seeking opportunities in the UK. This tender is currently in the planning stage, with the engagement end date set for 20th September 2019. The anticipated budget for this service ranges between £90,000 and £100,000, and potential suppliers are encouraged to review the Draft Specification available through the provided contacts.

This procurement presents an excellent opportunity for businesses involved in consulting, legal services, or risk assessment to expand their operations by providing essential background verification services. Suppliers, particularly small and medium enterprises (SMEs), which specialise in business services such as law and consulting, are well-positioned to respond to this tender. Engaging with this contract not only facilitates access to the UK market but also enhances credibility and builds long-term relationships with governmental entities.

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Notice Title

Investor/Company Background Check Service

Notice Description

The Growth Capital team requires a supplier to carry out background checks on international investors in order to introduce international investors to UK investment opportunities. These background checks will allow us to continue working with these investors whilst managing risk and upholding Civil Service standards. The objective of this procurement is to support the Growth Capital team in bringing investment into the UK whilst ensuring that this investment is from economically and politically reputable sources. The checks should provide an independent assessment of individual investors, ensuring that the programme's resources are focused on reputable investors who will add value to the UK economy. This not only protects HMG's reputation by significantly reducing the risk of working with questionable investors, but also supports the economic transparency of the UK, ensuring money subject to scrutiny is not brought into the UK by accident through Government-led investment deals. Our current estimations are that the budget for this requirement will be between PS90,000 and PS100,000. Please review the attached Draft Specification of Requirements and express your interest by email to Alistair.Goldspink@trade.gov.uk by 12pm on Friday 20th September. In particular, we would like to know whether suppliers view the estimated budget as sufficient for the suggested deliverables. Please limit any attached written responses to 1 side of A4 in 11pt text. We look forward to hearing from you. Additional information: Please review the attached Draft Specification of Requirements and express your interest by email to Alistair.Goldspink@trade.gov.uk by 12pm on Friday 20th September. In particular, we would like to know whether suppliers view the estimated budget as sufficient for the suggested deliverables. Please limit any attached written responses to 1 side of A4 in 11pt text.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ad3e9bf5-e04f-40a8-a0e5-a0cae69faf33
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0e7168eb-45ac-4303-8f75-c94be6475fa7
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
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

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20196 years ago
Submission Deadline
Not specified
Future Notice Date
20 Sep 2019Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Alistair Goldspink
Contact Email
alistair.goldspink@trade.gov.uk
Contact Phone
+447919698313

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
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

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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