Award

Post Claims Assurance Services

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

23 Feb 2024 at 12:00

Award Notice
Summary of the contracting process

The British Business Bank has completed a procurement process for Post Claims Assurance Services. The procurement was conducted through the Crown Commercial Services RM6188 Audit & Assurance Services Framework. The service aims to provide assurance that lenders have claimed in line with the Guarantee Agreement. The contract value is £7,646,710 in GBP. The contract period is from November 30, 2023, to March 31, 2027. The buying organisation is located in Sheffield, UK.

This tender for Post Claims Assurance Services by the British Business Bank offers opportunities in the services sector for businesses specialising in auditing services. The procurement method used was an open procedure, and the contract was awarded to RSM UK Risk Assurance Services LLP and KPMG LLP. Businesses with expertise in providing assurance services and working with financial institutions may find this tender well-suited for business growth and collaboration.

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Notice Information

Notice Title

Post Claims Assurance Services

Notice Description

British Business Bank (BBB) undertook a mini competition utilising the Crown Commercial Services (CCS) RM6188 Audit & Assurance Services Framework - Lot 2 External Audit. This was for the delivery of Post Claims Assurance (PCA) Services. PCA will aim to provide assurance that Lenders have claimed in line with the Guarantee Agreement (GA), and/or add to the evidence base, to allow challenge and potential offset or reimbursement of incorrectly made claims. The PCA project will develop a systematic risk-based process to identify a population of claims settled by Department for Business and Trade (DBT) under the terms of the GA.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bc90d2c2-63ef-49bb-a129-8f1f39207e4b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f387b35c-f49b-4ae2-ba33-8448f332fbcf
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£7,646,710 £1M-£10M
Lots Value
Not specified
Awards Value
£7,646,710 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Feb 20242 years ago
Submission Deadline
24 Aug 2023Expired
Future Notice Date
Not specified
Award Date
24 Aug 20232 years ago
Contract Period
30 Nov 2023 - 31 Mar 2027 3-4 years
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
Not specified
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
+441142062131

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
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

Supplier Information

Number of Suppliers
2
Supplier Names

KPMG

RSM UK RISK ASSURANCE SERVICES

Further Information

Notice Documents

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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