Notice Information
Notice Title
TD1925 - Due Diligence
Notice Description
The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant
Lot Information
Lot 1
The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant Contract is due to commence on the 14th April 2023 and expire on 13th April 2026. There is an option to extend for a further 2 years in annual increments. The value of PS250,000 is based on the full 5 years.
Options: Option to extend for 2 annual increments
Renewal: Option to extend for a further 2 years. Maximum contract period is 5 years.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0399bd
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/010618-2023
- Current Stage
- Award
- All Stages
- Tender, Award
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
- SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66000000 - Financial and insurance services
Notice Value(s)
- Tender Value
- £250,000 £100K-£500K
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £250,000 £100K-£500K
Notice Dates
- Publication Date
- 13 Apr 20232 years ago
- Submission Deadline
- 26 Feb 2023Expired
- Future Notice Date
- Not specified
- Award Date
- 10 Apr 20232 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- At the end of the 5 year term
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- DERBY CITY COUNCIL
- Contact Name
- Not specified
- Contact Email
- procurement@derby.gov.uk
- Contact Phone
- +44 1332640768
Buyer Location
- Locality
- DERBY
- Postcode
- DE1 2FS
- Post Town
- Derby
- Country
- England
-
- Major Region (ITL 1)
- TLF East Midlands (England)
- Basic Region (ITL 2)
- TLF1 Derbyshire and Nottinghamshire
- Small Region (ITL 3)
- TLF11 Derby
- Delivery Location
- TLF11 Derby
-
- Local Authority
- Derby
- Electoral Ward
- Darley
- Westminster Constituency
- Derby South
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-0399bd-2023-04-13T11:46:44+01:00",
"date": "2023-04-13T11:46:44+01:00",
"ocid": "ocds-h6vhtk-0399bd",
"initiationType": "tender",
"tender": {
"id": "ocds-h6vhtk-0399bd",
"legalBasis": {
"id": "32014L0024",
"scheme": "CELEX"
},
"title": "TD1925 - Due Diligence",
"status": "complete",
"classification": {
"scheme": "CPV",
"id": "66000000",
"description": "Financial and insurance services"
},
"mainProcurementCategory": "services",
"description": "The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant",
"value": {
"amount": 250000,
"currency": "GBP"
},
"lots": [
{
"id": "1",
"description": "The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant Contract is due to commence on the 14th April 2023 and expire on 13th April 2026. There is an option to extend for a further 2 years in annual increments. The value of PS250,000 is based on the full 5 years.",
"contractPeriod": {
"durationInDays": 1080
},
"hasRenewal": true,
"renewal": {
"description": "Option to extend for a further 2 years. Maximum contract period is 5 years."
},
"submissionTerms": {
"variantPolicy": "notAllowed"
},
"hasOptions": true,
"options": {
"description": "Option to extend for 2 annual increments"
},
"status": "cancelled",
"awardCriteria": {
"criteria": [
{
"name": "Quality",
"type": "quality",
"description": "60"
},
{
"type": "price",
"description": "40"
}
]
}
}
],
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"region": "UKF11"
},
{
"region": "UKF11"
}
],
"relatedLot": "1"
}
],
"submissionMethod": [
"electronicSubmission"
],
"submissionMethodDetails": "http://www.eastmidstenders.org",
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure",
"coveredBy": [
"GPA"
],
"tenderPeriod": {
"endDate": "2023-02-26T15:00:00Z"
},
"submissionTerms": {
"languages": [
"en"
],
"bidValidityPeriod": {
"durationInDays": 90
}
},
"awardPeriod": {
"startDate": "2023-02-27T12:00:00Z"
},
"bidOpening": {
"date": "2023-02-27T12:00:00Z"
},
"hasRecurrence": true,
"recurrence": {
"description": "At the end of the 5 year term"
}
},
"parties": [
{
"id": "GB-FTS-853",
"name": "Derby City Council",
"identifier": {
"legalName": "Derby City Council",
"noIdentifierRationale": "notOnAnyRegister"
},
"address": {
"streetAddress": "Corporation Street",
"locality": "Derby",
"region": "UKF11",
"postalCode": "DE12FS",
"countryName": "United Kingdom"
},
"contactPoint": {
"telephone": "+44 1332640768",
"email": "procurement@derby.gov.uk",
"url": "http://www.eastmidstenders.org"
},
"roles": [
"buyer"
],
"details": {
"url": "http://www.derby.gov.uk",
"classifications": [
{
"scheme": "TED_CA_TYPE",
"id": "REGIONAL_AUTHORITY",
"description": "Regional or local authority"
},
{
"scheme": "COFOG",
"id": "01",
"description": "General public services"
}
]
}
},
{
"id": "GB-FTS-5515",
"name": "Derby City Council",
"identifier": {
"legalName": "Derby City Council"
},
"address": {
"locality": "Derby",
"countryName": "United Kingdom"
},
"roles": [
"reviewBody"
]
},
{
"id": "GB-COH-07144394",
"name": "Inventya Ltd",
"identifier": {
"legalName": "Inventya Ltd",
"id": "07144394",
"scheme": "GB-COH"
},
"address": {
"locality": "Cheshire",
"region": "UK",
"countryName": "United Kingdom"
},
"roles": [
"supplier"
],
"details": {
"scale": "sme"
}
}
],
"buyer": {
"id": "GB-FTS-853",
"name": "Derby City Council"
},
"language": "en",
"awards": [
{
"id": "010618-2023-1",
"relatedLots": [
"1"
],
"status": "active",
"suppliers": [
{
"id": "GB-COH-07144394",
"name": "Inventya Ltd"
}
]
}
],
"contracts": [
{
"id": "010618-2023-1",
"awardID": "010618-2023-1",
"status": "active",
"value": {
"amount": 250000,
"currency": "GBP"
},
"dateSigned": "2023-04-11T00:00:00+01:00"
}
],
"bids": {
"statistics": [
{
"id": "1",
"measure": "bids",
"relatedLot": "1",
"value": 3
},
{
"id": "2",
"measure": "smeBids",
"relatedLot": "1",
"value": 3
},
{
"id": "3",
"measure": "electronicBids",
"relatedLot": "1",
"value": 3
}
]
}
}