---
title: "GB-Sheffield: ECL Loss Modelling"
ocid: "ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BRITISH BUSINESS BANK"
published: "2020-12-08"
---

# GB-Sheffield: ECL Loss Modelling

Buyer: BRITISH BUSINESS BANK  
Current stage: Award  
OCID: ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62.json)

## Summary

The procurement process for the "ECL Loss Modelling" project, initiated by the British Business Bank, focuses on financial consultancy services linked to the COVID-19 crisis. The contract, valued at £1,157,469, covers the calculation of Expected Credit Losses for IFRS9 and related purposes. The tender period concluded on 25th September 2020, with the contract commencing on 26th September 2020 and running until 24th March 2021. The procurement took place in Sheffield, Yorkshire and the Humber.

This tender presents significant opportunities for companies with expertise in financial consultancy, particularly those skilled in analysing credit losses and IFRS compliance. Businesses that specialise in financial services, particularly those with capabilities in quantitative modelling and risk assessment, would be well-suited to compete in similar future tenders. The ongoing aftermath of the COVID-19 pandemic may lead to additional consultancy needs, enhancing business growth potential in this sector.

## Notice

BBB COVID ECL & Loss Claims project - Calculating Expected Credit Losses for IFRS9 purposes, fair values for IFRS9 and IFRS 13 purposes, & calculate expected future claim amounts over the remaining life of each scheme (BBLS, CBILS & CLBLS) Additional information: This award has relied upon the guidance issued in PPN 01/20 as the Buyer has had to respond to the requirement to deliver specific additional schemes as a result of the Covid-19 crisis.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fc2bd0b7-5dad-43da-abc2-21607d1aae13 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Dec 2020 |
| Submission deadline | 24 Sep 2020 |
| Future notice date | Not specified |
| Award date | 24 Sep 2020 |
| Contract period | 25 Sep 2020 - 24 Mar 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,157,469 |
| Lots value | Not specified |
| Awards value | £1,157,469 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BRITISH BUSINESS BANK |
| Locality | SHEFFIELD |
| Post town | Sheffield |
| Postcode | S1 2GQ |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE32 Sheffield |
| Local authority | Sheffield |
| Electoral ward | City |
| Westminster constituency | Sheffield Central |
| Delivery location | TLE Yorkshire and The Humber |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | 4MOST EUROPE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 8 Dec 2020 at 10:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fc2bd0b7-5dad-43da-abc2-21607d1aae13

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fc2bd0b7-5dad-43da-abc2-21607d1aae13
  8th December 2020 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=551528800
  Please follow this link to view the notice.

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0ca2d2e1-aa7a-43ac-b542-3e4bd4131e62.json.