Award

British Business Bank - Operational Expenditure Rapid Review

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

22 Mar 2021 at 11:14

Award Notice
Summary of the contracting process

The public procurement process involved the British Business Bank, which awarded a contract for "Operational Expenditure Rapid Review" to OLIVER WYMAN LIMITED. The procurement, classified under "Financial and insurance services," was executed through a selective method, specifically a call-off from the Management Consultancy Framework Two (MCF2) - RM6008 Lot 4. The contract was published on 22 March 2021, with the contract period running from 12 March 2021 to 31 March 2021. The tender process was completed prior to the end date of 10 March 2021. The purchasing location was in London, England, with a contract value of £135,000.

This contract represents an opportunity for consultancy firms, particularly those with expertise in operational analysis and strategic services within the financial sector. Businesses that focus on providing management consultancy and analysis services, especially small and medium-sized enterprises (SMEs), would find this tender particularly well-suited for growth. Companies capable of delivering in-depth reports and assessments on operating costs will be in a strong position to compete for similar future opportunities.

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Notice Information

Notice Title

British Business Bank - Operational Expenditure Rapid Review

Notice Description

Dept for Business Energy and Industrial Strategy awarded a contract following a competitive tender through a CCS framework - Management Consultancy Framework Two (MCF2), RM6008 Lot 4: Strategic Consultancy Services - for the following: 1. A report on the operating costs of the British Business Bank, with supporting analysis, covering the areas detailed in the section headed "Expected Outputs" of the invitation to tender 4910/03/2021; 2. An assessment of the further analysis or investigation work that, given more time, would provide more complete answers to the questions addressed in the report; and 3. A data pack of the evidence used and data gathered during the study.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/076da61c-7940-4612-ae4f-7533e55cb41a
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£135,000 £100K-£500K
Lots Value
Not specified
Awards Value
£135,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Mar 20214 years ago
Submission Deadline
10 Mar 2021Expired
Future Notice Date
Not specified
Award Date
12 Mar 20214 years ago
Contract Period
12 Mar 2021 - 31 Mar 2021 30 days
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
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 0ET
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
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

OLIVER WYMAN

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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