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Contract Timeline
- Publication Date
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10th May 2024 09:05:06 AM
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Contract Summary
British Business Bank ("BBB") undertook an open procurement exercise by which to create a Framework Agreement (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions.
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Contract Details
- Open Contracting ID
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ocds-h6vhtk-03fb2d
- Publication Source
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Find a Tender Service
- Procurement Stage
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Award, Contract
- Procurement Method
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Open
- Procurement Method Details
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Open Procedure
- Procurement Category
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Services
- Tender Suitability
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- Framework / DPS
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Framework
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Contract Classification
- CPV Code(s)
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79100000
- CPV Division(s)
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79 - Business services: law, marketing, consulting, recruitment, printing and security
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Awarding Authority
- Buyer Name
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Procurement
- Buyer Email
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Procurement@british-business-bank.co.uk
- Buyer Phone
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+44 1142127877
- Buyer Address
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Steel City House, Steel City House, 2 West Street
Sheffield
S1 2GQ
United Kingdom
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Awarded Supplier(s)
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Contract Timeline
- Publication Date
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4th December 2023 12:05:47 PM
- Tender Deadline
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10th January 2024 12:00:00 PM Expired
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Contract Summary
In line with the Prior Information Notice ("PIN") as issued on 8th September 2023, British Business Bank ("BBB") are undertaking an open procurement exercise by which to create a framework (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions.
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Contract Details
- Open Contracting ID
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ocds-h6vhtk-03fb2d
- Publication Source
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Find a Tender Service
- Procurement Stage
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Tender
- Procurement Method
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Open
- Procurement Method Details
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Open Procedure
- Procurement Category
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Services
- Tender Suitability
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- Framework / DPS
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Framework
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Contract Classification
- CPV Code(s)
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79100000
- CPV Division(s)
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79 - Business services: law, marketing, consulting, recruitment, printing and security
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Awarding Authority
- Buyer Name
- Buyer Email
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procurement@british-business-bank.co.uk
- Buyer Phone
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+44 1142062134
- Buyer Address
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Steel City House, West Street
Sheffield
S1 2GQ
United Kingdom
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Contract Timeline
- Publication Date
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8th September 2023 11:06:37 AM
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Contract Summary
Overview Prior Information Notice to inform the market of the intention to undertake a procurement exercise by which to create a framework (the âFrameworkâ) for the appointment of a BBB Structured Finance Legal Services Panel. Introduction The British Business Bank plc (âBBBâ) is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBBâs mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UKâs business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd (âBBFSLâ) administers certain programmes on behalf of HM Government. British Business Investments Limited (âBBIâ) is part of the BBBâs commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this Prior Information Notice (âPINâ) to inform the market of their intention to undertake a procurement exercise for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. Pursuant to the Framework, the Panel will provide advice to the Buyers relating to the following programmes (the âProgrammesâ): (a)ENABLE Guarantees with bank counterparties; (b)ENABLE Guarantees with non-bank financial institution counterparties; (c)ENABLE Funding warehouse facilities; (d)ENABLE Funding securitisation transactions; (e)the Recovery Loan Scheme (and its predecessor direct guarantee schemes); (f)regulatory capital transactions with UK challenger banks; (g)amendment, restatement or termination of existing transactions; and (h)other financial transactions under programmes that may be introduced in the future. Further details about the BBB and the Programmes is available at https://www.british-business-bank.co.uk/. Framework Overview BBB will use the Framework for the majority of their external legal needs that specifically relate to the Programmes but will continue to use other procurement routes in parallel for other areas of business. Nature of Services (i)BBB welcome Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable, foreign law advice or âissue spottingâ (noting that any contracts to be entered into by the Buyers will be governed by English law); (vi)tax law advice; (vii)general transaction management; and (viii)advice relating to disputes, litigation, investigations and other contentious matters. Procurement Process The opportunity to participate in the Framework will be published on both Contracts Finder and the Find a Tender Service, with the procurement being conducted via the Delta e-tendering platform, for which registration is free â Enter Details | Delta (delta-esourcing.com). It is the intention of BBB to publish this opportunity in mid-October and this PIN will be utilised as a means to reduce the timescales associated when conducting the procurement. The Framework will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, the values outlined are anticipated only.
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Contract Details
- Open Contracting ID
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ocds-h6vhtk-03fb2d
- Publication Source
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Find a Tender Service
- Procurement Stage
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Planning
- Procurement Method
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N/A
- Procurement Method Details
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N/A
- Procurement Category
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Services
- Tender Suitability
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- Framework / DPS
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Framework
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Contract Classification
- CPV Code(s)
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79100000
- CPV Division(s)
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79 - Business services: law, marketing, consulting, recruitment, printing and security
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Awarding Authority
- Buyer Name
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Leila Hodson
- Buyer Email
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procurement@british-business-bank.co.uk
- Buyer Phone
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+44 1142062134
- Buyer Address
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Steel City House, West Street
Sheffield
S1 2GQ
United Kingdom