Planning

London South East Collages (LSEC): PIN/Pre-Market Engagement for Debt recovery Services.

LONDON SOUTH EAST COLLEGES

This public procurement record has 1 release in its history.

Planning

25 Sep 2024 at 18:05

Planning Notice
Summary of the contracting process

London South East Colleges (LSEC) is currently in the planning stage for an upcoming procurement process titled "PIN/Pre-Market Engagement for Debt Recovery Services". This procurement falls under the Financial Consultancy Services category and will be carried out in the London region. The main objective is to engage with debt collection agencies (DCAs) authorised and regulated by the FCA for managed collection services, including desk-based operations to recover outstanding debts. Interested DCAs need to register for an engagement meeting, which is necessary to understand the tender's scope. This meeting is essential for eligibility in subsequent tender processes, with the official notice expected to be released on 21 October 2024.

This tender offers significant growth opportunities for businesses specialising in financial consultancy and debt recovery services. It is particularly well-suited for agencies with a robust strategy for managing diverse debtor circumstances and those committed to ethical treatment and sustainable debt collection practices. Firms that can continuously monitor and optimise collection strategies, and provide tailored solutions, will find this an ideal opportunity. Attending the pre-tender engagement meeting is crucial for those interested, as it provides insights into the requirements and the tendering process.

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Notice Information

Notice Title

London South East Collages (LSEC): PIN/Pre-Market Engagement for Debt recovery Services.

Notice Description

This PIN/ Pre-market agreement is to Invite the interested bidders for the provision of Managed Collection Services. The debt collection agencies (DCAs) who are FCA authorised and regulated. The DCA will offer desk-based collection services, contacting the debtors directly to arrange repayment of outstanding debts.

Lot Information

Lot 1

London South East Collages (LSEC): PIN/Pre-Market Engagement for Debt recovery Services. This PIN/ Pre-market agreement is to Invite the interested bidders for the provision of Managed Collection Services. The debt collection agencies (DCAs) who are FCA authorised and regulated. The DCA will offer desk-based collection services, contacting the debtors directly to arrange repayment of outstanding debts. Service specific requirements: A mix of buck standard debt recovery service and solicitor firms offering a debt recovery service. The provider of debt collection service will develop strategies tailored to the unique circumstances of each customer. Subsequently, The Debt Collection Agency (DCA) will continuously monitoring performance and adjusting placements as necessary to optimize recovery rates. The DCA will interact directly with customers, in line with the Contracting authority's instructions ensuring that debts are collected in a sustainable and equitable manner, with particular attention to the identification and ethical treatment of vulnerable consumers. The contracting authority will require the Debt Collection Agency (DCA) to submitting recommendations during the ongoing collection strategies". "The contracting authority would retain the ultimate decision during the collection process." A pre-tender bidders engagement meeting will be held via MS Teams to provide contractors with an overview of the requirements outlined by London South East Colleges (LSEC), as well as the necessary tendering process. The specific time for the engagement meeting will be determined upon confirmation of bidders' registrations of interest submitted to the dedicated inbox at lsectenders@lsec.ac.uk. Interested parties are encouraged to respond to this Prior Information Notice (PIN). Only those bidders who attend the engagement meeting will be eligible to submit a tender for this service, as the meeting is essential for understanding the scope of work involved. The Contracting Authority is issuing this Prior Information Notice (PIN) as a Request for Information (RFI) with the intent to engage with the market and to gather data that will enhance the understanding of the market's capacity and willingness to deliver the proposed services, as well as to inform the market of this opportunity. It is important to clarify that this PIN/RFI does not constitute a call for competition; therefore, interested parties must express their interest in any forthcoming tender opportunities once the contract notice is published on Find a Tender Services and Contracts Finder. Furthermore, this PIN/RFI invites individuals and organizations to express their interest solely in this RFI exercise. London South East Colleges (LSEC) also intends to reduce the time frame for the receipt of tenders in accordance with Regulation 27 of PCR15.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a2f5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030694-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

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
Not specified

Notice Dates

Publication Date
25 Sep 20241 years ago
Submission Deadline
Not specified
Future Notice Date
20 Oct 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON SOUTH EAST COLLEGES
Contact Name
Not specified
Contact Email
lsectenders@lsec.ac.uk
Contact Phone
+44 2039544113

Buyer Location

Locality
ORPINGTON
Postcode
BR6 0TE
Post Town
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLI London
Local Authority
Bromley
Electoral Ward
Orpington
Westminster Constituency
Orpington

Further Information

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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