Tender

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.

TenderUpdate

17 Mar 2025 at 15:00

Summary of the contracting process

The procurement process is initiated by Places for People Group Ltd., seeking consultancy services under the title "British Business Bank - Consultant for Expected Credit Loss & Claims Modelling 0003565". Classified under Financial Consultancy Services (CPV code 66171000), the tender focuses on providing services to maintain and operate a bespoke model solution for the British Business Bank in Sheffield, UK. The procurement stage is currently at the tender update with an amended total procurement value of £6,800,000, excluding VAT. The procurement method used is a Dynamic Purchasing System (DPS) through the OJEU Reference Number 2019/S 130-319565, indicating the planning phase started previously.

This tender presents significant opportunities for businesses specialising in financial consultancy services, particularly those with expertise in credit loss and claims modelling. Companies with robust financial modelling capabilities for handling existing Covid response schemes, Business Bank Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Recovery Loan Scheme (RLS), and future DBT guarantee schemes are ideally positioned to compete. Such businesses can leverage their technical proficiency and industry experience to contribute to a prominent financial institution's efforts, enhancing their reputation and opening doors for future collaborations.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04edf7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009705-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Dynamic
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
17 Mar 202511 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
PLACES FOR PEOPLE GROUP LTD
Additional Buyers

BRITISH BUSINESS BANK

Contact Name
Not specified
Contact Email
jenny@procurementhub.co.uk, mediaenquiries@british-business-bank.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

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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