Award

CA10568 - Revolving Credit Facility

NEW CITY COLLEGE

This public procurement record has 1 release in its history.

Award

25 Aug 2022 at 10:36

Award Notice
Summary of the contracting process

New City College has awarded a contract for the provision of Credit granting services to SANTANDER CORPORATE & INVESTMENT BANKING. The tender titled "CA10568 - Revolving Credit Facility" aimed to set up a short term lending facility in the value range of £5M to £10M. The procurement process was an Open procedure initiated on 2022-08-25, with tender closing on 2022-06-10. The contract period is set to start on 2022-11-01 and end on 2025-10-31. The location for this tender is in Tower Hamlets, E14 0AF, England.

This tender opportunity can be beneficial for businesses in the financial and insurance services sector, specifically those providing credit granting services. Small and medium-sized enterprises (SMEs) are well-suited to compete, given the suitability preference indicated in the tender documentation. New City College's requirement opens doors for businesses looking to engage in short term lending facilities, making it an opportunity for strategic growth and partnership with an educational institution.

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Notice Information

Notice Title

CA10568 - Revolving Credit Facility

Notice Description

NCC wishes to set up a short term lending facility in the form of a revolving credit facility In the range PS5M to PS10M, to provide cash cover to support NCC's working capital and Short term investment requirements. The facility is required for a period of up to five years. To access this competition: Registered: Login to https://suppliers.multiquote.com and view the opportunity CA10568. Not registered: Visit https://suppliers.multiquote.com then register and quote CA10568 as the reason for registration. Any queries please contact MultiQuote on 0151 482 9230.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9107832f-461c-4d57-bfa9-9b54f6c2c34e
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66113000 - Credit granting services

66113100 - Micro-credit granting services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Aug 20223 years ago
Submission Deadline
10 Jun 2022Expired
Future Notice Date
Not specified
Award Date
24 Aug 20223 years ago
Contract Period
1 Nov 2022 - 31 Oct 2025 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
NEW CITY COLLEGE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
TOWER HAMLETS
Postcode
E14 0AF
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Poplar
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

SANTANDER CORPORATE & INVESTMENT BANKING

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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