Award

GB-Sheffield: IFRS9 ECL & Claims Model - Call-off 2

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

01 Feb 2022 at 15:50

Summary of the contracting process

The procurement process pertains to the British Business Bank Plc based in Sheffield, UK, which has awarded a contract for financial consultancy services under the title "GB-Sheffield: IFRS9 ECL & Claims Model - Call-off 2." This tender, classified under CPV code 66171000, involves designing, building, and testing components to calculate expected credit losses for IFRS9 purposes, specifically focusing on Covid loan schemes. The contract was awarded on 31 December 2020, with an effective contract period from 4 January 2021 to 30 April 2021, and the total contract value is £325,360.

This contract represents a significant opportunity for businesses involved in financial consultancy, particularly those with expertise in IFRS compliance and credit risk management. Competitors may include consulting firms that specialise in financial regulatory frameworks, accounting services, and quantitative analysis. Given the nature of the services required, firms with robust capabilities in economic modelling and the assessment of financial instruments would be well-suited to pursue similar contracts in the future.

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Notice Title

GB-Sheffield: IFRS9 ECL & Claims Model - Call-off 2

Notice Description

Financial consultancy services - IFRS9 ECL & Claims Model - Call-off 2 (Design, build & test) Calculating Expected Credit Losses for IFRS9 purposes, fair values for IFRS9 and IFRS 13 purposes, & calculate expected future claim amounts over the remaining life of each Covid loan scheme.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f132db14-d27e-4109-827a-fd2a4ac4c592
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01c228ba-b56f-40d2-ba13-e2afd1162f4a
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
£325,360 £100K-£500K
Lots Value
Not specified
Awards Value
£325,360 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20224 years ago
Submission Deadline
31 Dec 2020Expired
Future Notice Date
Not specified
Award Date
31 Dec 20205 years ago
Contract Period
4 Jan 2021 - 30 Apr 2021 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 PLC
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

Supplier Information

Number of Suppliers
1
Supplier Name

4MOST (EUROPE

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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