Tender

GB-Sheffield: longer term bonus scheme

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Tender

24 Jul 2017 at 07:45

Tender Notice
Summary of the contracting process

The British Business Bank is seeking a business partner for a longer-term bonus scheme, with a contract valued at approximately £50,000. The procurement falls under the financial consultancy services industry category and is currently at the Tender stage, with the tender period ending on 7th August 2017. The contract is set to commence on 1st September 2017 and continue until 30th November 2017, with applications suitable for small and medium enterprises. The procurement method employed is an open procedure and the contract may involve delivery locations spanning the UK and overseas territories.

This tender presents a valuable opportunity for businesses specialising in financial consultancy, particularly those proficient in remuneration and incentive schemes. Candidates with expertise in business analysis, economic research, financial management, or human resources consultancy would be particularly well-suited to compete. By engaging in this project, successful bidders can contribute to a significant initiative aligned with a government-backed entity, potentially fostering long-term partnerships within the public sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

GB-Sheffield: longer term bonus scheme

Notice Description

BBB requires a business partner to provide remuneration advice, options, recommendations and share external insights to review the BBB incentive scheme. This scheme is referred to as an LTIP although as BBB's shareholder is the Government there are no shares attached to the scheme and therefore the scheme is more of a deferred, longer term bonus scheme aligned to the 3-year business plan rather than a typical LTIP. 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-e2195519-f530-4716-a1ec-bc13ef3fc232
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e69e7da3-472e-4c0c-9ce7-6f7039b70f0f
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
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

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

CPV Codes

66171000 - Financial consultancy services

66523000 - Pension fund consultancy services

72221000 - Business analysis consultancy services

79311400 - Economic research services

79412000 - Financial management consultancy services

79414000 - Human resources management consultancy services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jul 20178 years ago
Submission Deadline
7 Aug 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2017 - 30 Nov 2017 1-6 months
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
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
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

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-e2195519-f530-4716-a1ec-bc13ef3fc232-2017-07-24T08:45:04+01:00",
    "date": "2017-07-24T08:45:04+01:00",
    "ocid": "ocds-b5fd17-e2195519-f530-4716-a1ec-bc13ef3fc232",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP269484479",
        "title": "GB-Sheffield: longer term bonus scheme",
        "description": "BBB requires a business partner to provide remuneration advice, options, recommendations and share external insights to review the BBB incentive scheme. This scheme is referred to as an LTIP although as BBB's shareholder is the Government there are no shares attached to the scheme and therefore the scheme is more of a deferred, longer term bonus scheme aligned to the 3-year business plan rather than a typical LTIP. 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.",
        "datePublished": "2017-07-24T08:45:04+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "72221000",
                "description": "Business analysis consultancy services"
            },
            {
                "scheme": "CPV",
                "id": "79311400",
                "description": "Economic research services"
            },
            {
                "scheme": "CPV",
                "id": "79412000",
                "description": "Financial management consultancy services"
            },
            {
                "scheme": "CPV",
                "id": "79414000",
                "description": "Human resources management consultancy services"
            },
            {
                "scheme": "CPV",
                "id": "66523000",
                "description": "Pension fund consultancy services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 25000,
            "currency": "GBP"
        },
        "value": {
            "amount": 50000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2017-08-07T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2017-09-01T00:00:00+01:00",
            "endDate": "2017-11-30T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/e69e7da3-472e-4c0c-9ce7-6f7039b70f0f",
                "datePublished": "2017-07-24T08:45:04+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/tenders/UK-GB-Sheffield:-longer-term-bonus-scheme/9BBEX62N42"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-30225",
            "name": "British Business Bank",
            "identifier": {
                "legalName": "British Business Bank"
            },
            "address": {
                "streetAddress": "Foundry House, 3 Millsands",
                "locality": "Sheffield",
                "postalCode": "S3 8NH",
                "countryName": "UK"
            },
            "contactPoint": {
                "name": "amie knight",
                "email": "amie.knight@british-business-bank.co.uk",
                "telephone": "02039051462"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-30225",
        "name": "British Business Bank"
    }
}