Tender

Audit and Block Management Services

BRITISH BUSINESS BANK

This public procurement record has 2 releases in its history.

TenderAmendment

10 Nov 2023 at 10:05

Tender Notice
Tender

31 Oct 2023 at 14:45

Tender Notice
Summary of the contracting process

The British Business Bank is seeking a qualified organisation to provide Audit and Block Management Services. This procurement falls under the services category with a contract value of £963,600. The tender deadline is set for November 15, 2023, with a contract period starting on January 1, 2024, and ending on December 31, 2029.

This tender presents an opportunity for organisations specialising in financial auditing services to engage with the British Business Bank. Small and medium-sized enterprises (SMEs) that can conduct audits of investment counter parties are well-suited to bid for this contract. The procurement method is an open procedure, allowing businesses a fair chance to participate in this public procurement process.

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Notice Information

Notice Title

Audit and Block Management Services

Notice Description

Text to be corrected in the original notice: Place of text to be modified: I.3) Communication Instead of: I.3) Communication The procurement documents are available for unrestricted and full direct access, free of charge, at: https://www.delta-esourcing.com/delta/buyers/select/viewListStatus.html?id=819968614 Additional information can be obtained from: the abovementioned address Tenders or requests to participate must be sent electronically via https://www.delta-esourcing.com/delta/buyers/select/viewListStatus.html?id=819968614 to the abovementioned address Read: I.3) Communication The procurement documents are available for unrestricted and full direct access, free of charge, at: https://www.delta-esourcing.com/delta/buyers/select/viewListStatus.html?id=819968614 Access Code : 33HTCT34Z3 Additional information can be obtained from: the abovementioned address Tenders or requests to participate must be sent electronically via https://www.delta-esourcing.com/delta/buyers/select/viewListStatus.html?id=819968614 Access Code : 33HTCT34Z3 to the abovementioned address Other additional information: The notice has been updated to include an access code should suppliers have difficulty in accessing the opportunity; Access Code : 33HTCT34Z3 This on-lending activity is facilitated using Block Discounting Agreements, Revolving Credit Facilities (including "Back to Back agreements"), Direct Lending Agreements and other bespoke debt instruments. To administer these products, BBI requires a suitably qualified organisation to Conduct audits of prospective investment counter parties to assess their operational suitability for financing facilities (including block discounting or other forms of receivables financing) and submitting comprehensive reports to British Business Investments (BBI) to support BBI's normal internal due diligence and facility approval process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e938705f-c1b7-4015-99a3-365686fadc89
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0f02b4c3-157e-4015-94b0-3e86f38e63c8
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

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

CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£963,600 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Nov 20232 years ago
Submission Deadline
15 Nov 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2024 - 31 Dec 2029 Over 5 years
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
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

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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