Tender

Own Art Scheme Credit Provider Contract

CREATIVE SECTOR SERVICES C.I.C.

This public procurement record has 1 release in its history.

Tender

08 Feb 2022 at 21:35

Summary of the contracting process

The Creative Sector Services C.I.C. is actively seeking bids for the "Own Art Scheme Credit Provider Contract," which focuses on providing consumer credit services in the financial and insurance sector. This tender will facilitate interest-free loans for purchasing contemporary art and crafts, targeting a contract value of £1,000,000. The contract is set to start on 1 July 2022 and will last for 24 months, with the possibility of extending for three additional 12-month periods based on performance reviews. Interested bidders must submit their proposals by 14 March 2022.

This opportunity is well-suited for financial service providers that specialise in consumer credit, particularly those with experience in managing loans for the arts sector. Businesses that can demonstrate a commitment to supporting first-time buyers and lower-income individuals will find this tender particularly relevant, as the Own Art Scheme aims to enhance accessibility to contemporary art. With the potential to extend services to a wider network of retailers across the UK, there are significant avenues for growth and collaboration within this contracting opportunity.

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Notice Title

Own Art Scheme Credit Provider Contract

Notice Description

Provision of consumer credit services for the purchase of contemporary fine art and craft.

Lot Information

Lot 1

A tender opportunity is offered by Creative Sector Services CIC (trading as Creative United) for the provision of consumer credit services for the Own Art Scheme commencing 1 July 2022 for a period of 24 months, with provision for Creative United to extend the contract for three further periods of 12 months (subject to performance review in accordance with the terms and conditions of contract). The Own Art Scheme is a publicly funded initiative designed to make buying contemporary art and craft more accessible by providing interest free loans for the purchase of works of art by living artists. The public funding invested by Creative United in the delivery of the Scheme primarily focuses on stimulating and diversifying market demand for contemporary art and craft, with a particular focus on supporting first time buyers and those on lower incomes. The Scheme is open to all qualifying UK residents over the age of 18 (subject to status) and made available via a network of approved galleries, museums and other organisations in England, Scotland and Northern Ireland. The awarded contract would cover the provision of the Scheme through the network of retailers in England, Scotland and Northern Ireland. The opportunity may also exist for the Scheme to be extended to include a network of retailers in Wales subject to the agreement and financial support of their respective Arts Councils or other funders.

Options: A maximum of three (3) 12 month extensions to the agreement are offered under this contract, at the discretion of the contracting authority and subject to performance review.

Renewal: It is anticipated (but not guaranteed) that a new service contract will be procured following the expiry of the contract commencing 1 July 2022.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0314cf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003636-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Feb 20224 years ago
Submission Deadline
14 Mar 2022Expired
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
CREATIVE SECTOR SERVICES C.I.C.
Contact Name
Mary-Alice Stack
Contact Email
mary-alice.stack@creativeunited.org.uk
Contact Phone
+44 2077591115

Buyer Location

Locality
LONDON
Postcode
WC2R 1LA
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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