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GB-Sheffield: Annual Remuneration/Compensation Benchmarking

British Business Bank

This public procurement record has 1 release in its history.

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10 Feb 2017 at 15:06

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Summary of the contracting process

The British Business Bank, located in Sheffield, recently completed a procurement process titled "Annual Remuneration/Compensation Benchmarking" in the business and management consultancy sector. The contract, valued at £100,000, was awarded to Maclagan partners after an open tender process that concluded on 5th July 2016. The contract period runs from 1st August 2016 to 31st July 2018, indicating a long-term engagement for benchmarking remuneration across various roles within the bank.

This tender presents significant growth opportunities for SMEs in the consultancy field, particularly those specialising in business analysis and related services. With a focus on remuneration benchmarking in the financial services sector, businesses that possess expertise in data analysis, market comparison, and compensation consultancy would be well-suited to compete for such contracts. The involvement of VCSEs (voluntary, community, and social enterprises) in this procurement illustrates a commitment to engaging smaller businesses in meaningful partnerships.

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Notice Information

Notice Title

GB-Sheffield: Annual Remuneration/Compensation Benchmarking

Notice Description

BBB requires a partner to provide remuneration benchmarking across a mixture of roles and levels in the bank and across two locations (Sheffield and London). The BBB Remuneration Committee have agreed that an annual compensation benchmarking exercise should be carried out to review the quartile position of British Business Bank compared to similar job roles in private sector financial services. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e1f7f3bb-9802-459b-9d82-30ce14e15563
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ef0b592-9d86-4f65-ab50-b412f9a8cd37
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
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

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

CPV Codes

72221000 - Business analysis consultancy services

79400000 - Business and management consultancy and related services

79990000 - Miscellaneous business-related services

Notice Value(s)

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

Notice Dates

Publication Date
10 Feb 20179 years ago
Submission Deadline
5 Jul 2016Expired
Future Notice Date
Not specified
Award Date
5 Jul 201610 years ago
Contract Period
1 Aug 2016 - 31 Jul 2018 1-2 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S3 8NH
Postcode Area
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

Maclagan partners

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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