Award

GB-Sheffield: CBILS Operational Audits

BRITISH BUSINESS BANK

This public procurement record has 2 releases in its history.

AwardUpdate

20 Jan 2022 at 12:05

Award Notice
Award

01 Feb 2021 at 10:20

Award Notice
Summary of the contracting process

The British Business Bank, located in Sheffield, has completed a procurement process for the project titled "GB-Sheffield: CBILS Operational Audits" in the financial auditing services sector. Initially initiated as a tender, the contract, which was valued at £10,125,000, aimed at ensuring independent oversight of lenders participating in the Coronavirus Business Interruption Scheme (CBILS) and the Recovery Loan Scheme. The procurement stage has culminated in the award of the contract to KPMG, with the contract period running from 1st September 2020 until 31st March 2023. Key dates pertain to the tender period ending on 12th June 2020 and contract award date on 12th June 2020.

This tender presents significant opportunities for businesses involved in financial auditing and consultancy, particularly those equipped to deliver independent oversight services. Given that the current supplier is KPMG, opportunities exist for smaller firms to introduce innovative solutions or specialised services that could enhance the oversight process. Companies that have experience in public sector audits or those familiar with the financial regulations relevant to recovery loan schemes will find themselves well-positioned to compete for similar future contracts in this sector.

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Notice Information

Notice Title

GB-Sheffield: CBILS Operational Audits

Notice Description

NOTE: This notice was updated on 20 January 2022 for the following reason: In December 2021, the contract was varied to include the Recovery Loan Scheme within the scope in addition to the Coronavirus Business Interruption Schemes and the contract value increased to PS10,125,000.00(BBB Customer requires a partner to provide consistent, confidential, reliable and independent oversight of the lenders participating in the BBL's, CBIL's and CLBIL's (Loans) Schemes) Additional information: This was a call-off from the CCS Management Consultancy Services Framework RM3745.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fe743502-a8b0-4676-8893-c5b27d69c07b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9bd31e56-fb06-47f4-9a10-78baa0ec3c1c
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

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

CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£10,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£10,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20224 years ago
Submission Deadline
11 Jun 2020Expired
Future Notice Date
Not specified
Award Date
11 Jun 20205 years ago
Contract Period
31 Aug 2020 - 31 Mar 2023 2-3 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
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
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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