Tender

Framework for Community Bank Due Diligence

BRISTOL CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

28 Nov 2019 at 20:40

Tender Notice
Summary of the contracting process

Bristol City Council is currently seeking tenders for a project titled "Framework for Community Bank Due Diligence," aimed at supporting the establishment of a network of community banks tailored to meet the financial needs of local residents, groups, and small to medium enterprises in the South West of the United Kingdom. This opportunity falls under the services category and is classified under banking and investment services. The tender process is open, with applications closing on 13 January 2020. The successful contractor will be engaged in a two-phased due diligence exercise, with the contract period running from 4 February 2020 until 2 February 2024, with an estimated total value of £1,000,000.

This tender presents significant opportunities for businesses, particularly those specialising in financial consultancy, financial transaction processing, and research services. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as the procurement is structured into 19 lots, allowing for maximum flexibility and tailored bids across various regional boundaries. Participating in this tender could enable businesses to contribute to an impactful initiative that enhances local banking services and supports community economic development.

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Notice Information

Notice Title

Framework for Community Bank Due Diligence

Notice Description

The Community Savings Banks Association (CSBA) is supporting the creation of a network of banks to serve the everyday financial needs of ordinary people, local community groups, and small and medium sized companies and that reflect the unique characteristic and priorities of the region. Bristol City Council (The Authority) and a number of local authorities ('participating authorities') have agreed, committed 'in principle' or are considering investment in the banks being developed for their respective regions. The banks are in various stages of development but predominantly in their infancy, following a bank in a box model and working towards the application for a banking license. The target operational date for the first of these banks is - financial year 2020/21, with a range of milestones to be achieved within that process. The Authority is looking to appoint, through a competitive process a competent provider/organization that will undertake a two phased due diligence exercise. The first phase is the initial due diligence on the regional model and will report to the Chief Finance Officer (or equivalent officer) of the lead (first participating) authority for the region. The second phase is the local diligence, call off arrangement which will report to the Chief Finance Officer (or equivalent officer) of the participating authority. Further details on the requirement, (Service Details for Due Diligence) and the procurement process can be found in the documents available to bidders participating in this tender exercise. This procurement is split into 19 Lots so as to provide maximum flexibility to both the Authority and potential bidders. These 19 lots are in line with regional boundaries. A full list of authorities that may participate can be found here: https://www.local.gov.uk/our-support/guidance-and-resources/communications-support/digital-councils/social-media/go-further/a-z-councils-online. And; https://www.local.gov.uk/topics/devolution/combined-authorities

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/906e98ba-156a-441c-89d4-d215cdc61cc8
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, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

CPV Codes

66100000 - Banking and investment services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

73210000 - Research consultancy services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Nov 20196 years ago
Submission Deadline
13 Jan 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Feb 2020 - 2 Feb 2024 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRISTOL CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 5TR
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Hotwells and Harbourside
Westminster Constituency
Bristol Central

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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