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Analysis and new structure for COO office

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

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01 Jul 2026 at 17:06

UK7 - Contract Details Notice
Summary of the contracting process

The British Business Bank initiated a procurement process titled "Analysis and new structure for COO office" to enhance its risk management systems and improve strategic reporting. This tender falls under the services category, specifically focusing on portfolio management services, and was completed via a direct procurement method without competition, as it was below the threshold. Located in Sheffield, United Kingdom, the process reached its contract stage with the award being activated on 1st July 2026. The project had key milestones, including the signing of the contract on 26th June 2026, and it is set to conclude on 21st October 2026. This initiative is in line with the strategic plan underpinning the bank's five-year vision.

This tender presents significant opportunities for large consultancy firms, particularly those skilled in providing services related to portfolio management and strategic business enhancements. Companies like Deloitte LLP, which was awarded the contract, are well-suited for projects that demand expertise in crafting comprehensive strategic frameworks and improving operational efficiencies. Businesses in the consultancy sector, offering risk management and strategic oversight solutions, could find similar tenders beneficial for expanding their clientele and increasing market presence within the public sector domain.

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Notice Information

Notice Title

Analysis and new structure for COO office

Notice Description

For the provision an engagement to deliver activities in enhancing risk management, improving reporting to drive better business outcomes and the forming of a central office to oversee the strategic initiatives underway that underpin the banks 5 year strategic plan.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06c1cb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/061975-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66140000 - Portfolio management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£165,000 £100K-£500K

Notice Dates

Publication Date
1 Jul 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Jun 20262 weeks ago
Contract Period
30 Jun 2026 - 21 Oct 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
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
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
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

DELOITTE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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