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British Business Bank - Consultant for Expected Credit Loss & Claims Modelling 0003565

Places for People Group Ltd

This public procurement record has 1 release in its history.

Award

08 Apr 2024 at 14:05

Award Notice
Summary of the contracting process

The British Business Bank recently awarded a contract for consultancy services titled "Consultant for Expected Credit Loss & Claims Modelling 0003565" in the services category. The procurement was carried out using a selective procurement method with Restricted procedure. The contract value is £6,000,000 and was signed on 22nd March 2024. Places for People Group Ltd was the buying organisation, located in Preston, United Kingdom. The awarded supplier is 4most Europe Ltd.

This tender for consultancy services presents a lucrative opportunity for businesses involved in financial consultancy services. Companies well-versed in modelling expected losses and claims across various financial schemes, including Covid response schemes and guarantee schemes, would be suited to compete for this contract. The procurement process has reached the award stage, providing a chance for businesses to engage with the British Business Bank and enhance their service capabilities in the financial sector.

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Notice Information

Notice Title

British Business Bank - Consultant for Expected Credit Loss & Claims Modelling 0003565

Notice Description

All Suppliers invited to this opportunity have passed the minimum requirements of the Procurement hub's Consultants Dynamic Purchasing System (DPS) OJEU Reference Number 2019/S 130-319565. British Business Bank sought Consultants to provide services on on maintaining and operating a bespoke model solution to enable BBFSL to model and report expected losses and claims across the existing Covid response schemes (BBLS, CBILS, CLBILS), the RLS schemes, and to enable modelling and reporting of future DBT guarantee schemes.

Lot Information

Lot 1

All Suppliers invited to this opportunity have passed the minimum requirements of the Procurement hub's Consultants Dynamic Purchasing System (DPS) OJEU Reference Number 2019/S 130-319565. British Business Bank sought Consultants to provide services on on maintaining and operating a bespoke model solution to enable BBFSL to model and report expected losses and claims across the existing Covid response schemes (BBLS, CBILS, CLBILS), the RLS schemes, and to enable modelling and reporting of future DBT guarantee schemes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045057
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011270-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£6,000,000 £1M-£10M

Notice Dates

Publication Date
8 Apr 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 Mar 20242 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
Places for People Group Ltd
Additional Buyers

British Business Bank

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PRESTON
Postcode
PR2 2YB
Postcode Area
Preston
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
Not specified
Local Authority
Preston
Electoral Ward
Ashton
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

4most Europe Ltd

Further Information

Open Contracting Data Standard (OCDS)

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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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