Award

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 13:05

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 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.

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 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 Mar 20241 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

Contracting Authority (Buyer)

Main Buyer
PLACES FOR PEOPLE GROUP LTD
Additional Buyers

BRITISH BUSINESS BANK

Contact Name
Not specified
Contact Email
mediaenquiries@british-business-bank.co.uk, suppliers@procurementhub.co.uk
Contact Phone
+44 8452667629

Buyer Location

Locality
PRESTON
Postcode
PR2 2YB
Post Town
Preston
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

4MOST EUROPE

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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