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Darlington College - Refinancing of Bank Borrowing

Darlington College

This public procurement record has 1 release in its history.

Award

20 Jul 2021 at 02:33

Award Notice
Summary of the contracting process

The procurement process involves Darlington College, which is seeking an organisation regulated by the PRA and FCA to refinance its bank borrowing. The title of the contract is "Darlington College - Refinancing of Bank Borrowing," falling under the banking services industry category. This process is currently at the Award stage, having been initiated as a tender. The contract was awarded on 20 July 2021, with a value of £90,000, and the location specified for delivery is Darlington, in the UK.

This tender presents significant opportunities for organisations experienced in providing financial services, particularly those with a background in lending to the UK education sector. Businesses that can demonstrate strong criteria in financial covenants, meeting the college's specifications, and environmental impact considerations would be well-suited to compete. The requirement for a dedicated relationship manager and service team indicates a preference for tailored support, creating an opportunity for smaller, specialised firms to engage effectively with this procurement process.

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Notice Information

Notice Title

Darlington College - Refinancing of Bank Borrowing

Notice Description

Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing.

Lot Information

Lot 1

Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing. * An organisation with experience of lending to the UK education sectors * A organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector. * The ability to provide a fully credit and pricing backed proposal to this ITT * Able to complete the refinance/restructure of existing borrowing by 10 May 2021 * An online provision to meet the needs of the college The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each: Option 1, a PS3m 5-year amortising loan with a 10-year repayment profile, option 2, a PS3m Revolving Credit Facility over 5 years, option 3 a PS3m Revolving Credit Facility over 3 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02c9cf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016994-2021
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£90,000 Under £100K

Notice Dates

Publication Date
20 Jul 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Jul 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Darlington College
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DARLINGTON
Postcode
DL1 1DR
Postcode Area
Darlington
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC33 Darlington
Delivery Location
TLC13 Darlington
Local Authority
Darlington
Electoral Ward
Stephenson
Westminster Constituency
Darlington

Supplier Information

Number of Suppliers
1
Supplier Name

Barclays Bank PLC

Further Information

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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