Tender

Finance Provider and Dealership Audit Service Tender

TRANSPORT FOR GREATER MANCHESTER

This public procurement record has 1 release in its history.

Tender

27 Sep 2021 at 09:38

Summary of the contracting process

The Finance Provider and Dealership Audit Service Tender is currently being procured by Transport for Greater Manchester (TfGM), located in Manchester, UK. This procurement, classified under auditing services (CPV Code: 79212000), is in the active tender stage. The deadline for submitting tenders is set for 29th October 2021 at 13:00 (BST). Interested parties must utilise the ProContract e-tendering portal for submissions, as any submissions made outside of this platform will be disqualified. The total duration of the contract is expected to be 720 days, with the possibility of extensions.

This tender presents a significant opportunity for businesses with expertise in the asset finance industry, particularly those offering auditing and monitoring services. Companies that focus on providing second-line assurance for financial support schemes will be well-suited to compete in this process. As TfGM seeks to establish robust oversight for their Financial Support Scheme, organisations capable of managing the distribution of funds through grants and preferential finance will find this contract advantageous for expanding their portfolio and enhancing operational capabilities.

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Notice Title

Finance Provider and Dealership Audit Service Tender

Notice Description

TfGM is looking to establish a contract for the appointment of an organisation with experience in the asset finance industry to provide an Auditing and Monitoring service to support the Financial Support Scheme (FSS). This service will be for the provision of auditing and monitoring services across the Financiers appointed to the Framework and also the Dealerships accredited to the Financial Support Scheme. It will support the operational management of the Financial Support Scheme through the provision of "second line" assurance over the distribution of funds through both grant monies and preferential finance.

Lot Information

Lot 1

Since 2010, the UK has been in breach of the legal limits of levels of Nitrogen Dioxide (NO2) in major urban areas. The 2008 Ambient Air Quality Directive (2008/50/EC) set legally binding limits for concentrations of major air pollutants that affect human health, including NO2 and particulates. The Air Quality Standards Regulations 2010 transposed the 2008 Directive into English law and requires the Secretary of State to draw up and implement a national air quality plan to achieve the relevant limit within the 'shortest possible time' One of the measures that has been put into place is the setting up of a Financial Support Scheme which has been created and will provide financial assistance for taxis and commercial vehicle's encompassing LGV's & HGV's which will be delivered through two procured mechanisms: * a Financial Support Scheme("FSS") providing a digital upfront platform for automated eligibility checking of both Applicants and vehicles and grant payments to Applicants who choose this funding option. This platform will also manage the network of dealerships who will be accredited to the Financial Support Scheme and the monitoring and draw down of funds. * a Vehicle Finance Framework of FCA accredited Financiers who will be able to offer preferential vehicle finance loans to Applicants due to the interest element being paid directly by TfGM to the Financier. These two services have been procured separately as integral elements delivering the overall customer journey requiring defined interfaces to manage the customer experience. TfGM is looking to establish a contract for the appointment of an organisation with experience in the asset finance industry to provide an Auditing and Monitoring service to support the Financial Support Scheme (FSS). This service will be for the provision of auditing and monitoring services across the Financiers appointed to the Framework and also the Dealerships accredited to the Financial Support Scheme. It will support the operational management of the Financial Support Scheme through the provision of "second line" assurance over the distribution of funds through both grant monies and preferential finance. The establishment of the service is required during early 2022 to enable a full mobilisation prior to the commencement of an agreed quarterly auditing cycle and the first auditing cycle will be undertaken 3 months post Go-Live of the Financial Support Scheme.

Renewal: The Authority may extend this agreement beyond the Initial 24 month Term by a further period or periods of up to 1 year (each such extension together with any such extensions, being the "Extension Period"). If the Authority wishes to extend this agreement, it shall give the Supplier at least 3 months' written notice of such intention before the expiry of the Initial Term or Extension Period. TfGM also has the right to terminate the agreement by issuing written notice to the Supplier where the TfGM Scheme Funding ceases.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e4d4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/023908-2021
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Sep 20214 years ago
Submission Deadline
29 Oct 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR GREATER MANCHESTER
Contact Name
Mr Peter O'Driscoll
Contact Email
peter.o'driscoll@tfgm.com
Contact Phone
+44 1612441153

Buyer Location

Locality
MANCHESTER
Postcode
M1 3BG
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified

Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

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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