Award

GB-Sheffield: UK Public Market Intervention Options

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

28 Jul 2025 at 15:00

Summary of the contracting process

The British Business Bank has completed a procurement process titled "GB-Sheffield: UK Public Market Intervention Options" for financial consultancy services, with a contract valued at £170,000. This process pertains to the industry category of financial consultancy and covers multiple locations, including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the Rest of the World. The procurement stage is currently at the award phase, with the award being issued on 8th July 2025. The contract is scheduled to commence on 24th July 2025 and conclude on 23rd September 2025. The procurement method details were not specified, and the process followed the Bank's Standing Financial instructions (SFIs).

This tender presents substantial opportunities for large-scale businesses specialising in financial consultancy to provide assessment and advice on public market intervention options. Companies similar to Oliver Wyman Limited, the supplier awarded the contract, could find this tender particularly relevant. Although the procurement does not emphasise suitability for SMEs or voluntary, community, and social enterprises, the comprehensive scope covering diverse geographical regions suggests potential for international business growth within this sector. The expertise required to fulfil this contract aligns well with businesses that possess robust financial analysis and strategic advisory capabilities.

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Notice Title

GB-Sheffield: UK Public Market Intervention Options

Notice Description

For the provision of assessment and advice on the UK public market intervention options. This was procured in line with the Banks Standing Financial instructions (SFIs)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e04ea42b-4683-49e4-802e-936a01f00d02
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6954e5bd-3fd1-4ac2-9dcc-32df46521b44
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£170,000 £100K-£500K
Lots Value
Not specified
Awards Value
£170,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20256 months ago
Submission Deadline
7 Jul 2025Expired
Future Notice Date
Not specified
Award Date
7 Jul 20257 months ago
Contract Period
23 Jul 2025 - 23 Sep 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
+441142127877

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
1
Supplier Name

OLIVER WYMAN

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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