--- title: "TD1925 - Due Diligence Services" ocid: "ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e.json" source: "Contracts Finder" current_stage: "Award" buyer: "DERBY CITY COUNCIL" published: "2023-04-13" --- # TD1925 - Due Diligence Services Buyer: DERBY CITY COUNCIL Current stage: Award OCID: ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e.json) ## Summary The Derby City Council has awarded a contract for Due Diligence Services, valued at £250,000 over a 5-year period, to Inventya Ltd. The contract commenced on 14th April 2023 and will run until 13th April 2026, with an option to extend for 2 additional years. Suppliers were required to express interest by 26th February 2023 and submit bids by 27th February 2023. The procurement process was conducted through an open procedure, and the services fall under the Financial and Insurance Services category. This tender for Due Diligence Services by Derby City Council presents an opportunity for companies providing financial and insurance, administration, defense, social security, and business services to compete for the contract. Small and medium-sized enterprises (SMEs) are particularly suited to participate in this tender. The contract period offers a stable income stream for the winning supplier and the potential for extending their service provision beyond the initial 5 years. ## Notice The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant Contract is due to commence on the 14th April 2023 and expire on 13th April 2026. There is an option to extend for a further 2 years in annual increments. The value of PS250,000 is based on the full 5 years. Please note, suppliers wishing to express interest and obtain the documentation, must do so by 15:00 on 26th February 2023. It is recommended that you express interest and obtain the documentation well before this time to allow sufficient time to prepare and submit a comprehensive response. The deadline for returns is 12:00 on 27th February 2023 Please visit the Council's e-tendering system https://www.eastmidstenders.org where you can express interest and obtain the documents, (please note we will only accept expressions of interest through the e-tendering system. Please search for TD1925 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/df9bdef5-67f5-433d-b9e4-c9afe7f06bf7 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Apr 2023 | | Submission deadline | 27 Feb 2023 | | Future notice date | Not specified | | Award date | 10 Apr 2023 | | Contract period | 13 Apr 2023 - 13 Apr 2028 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £250,000 | | Lots value | Not specified | | Awards value | £250,000 | | 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 | DERBY CITY COUNCIL | | Locality | DERBY | | Post town | Derby | | Postcode | DE1 2FS | | Country | England | | ITL 1 | TLF East Midlands (England) | | ITL 2 | TLF1 Derbyshire and Nottinghamshire | | ITL 3 | TLF11 Derby | | Local authority | Derby | | Electoral ward | Darley | | Westminster constituency | Derby South | | Delivery location | TLF East Midlands (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | INVENTYA | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 75 - Administration, defence and social security services - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 66000000 - Financial and insurance services - 75000000 - Administration, defence and social security services - 79000000 - Business services: law, marketing, consulting, recruitment, printing and security ## Release History - 13 Apr 2023 at 10:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/df9bdef5-67f5-433d-b9e4-c9afe7f06bf7 - 23 Jan 2023 at 14:04 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/35d9958f-7bc1-4679-992d-9821a3aea714 - 23 Jan 2023 at 13:57 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/35d9958f-7bc1-4679-992d-9821a3aea714 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/df9bdef5-67f5-433d-b9e4-c9afe7f06bf7 13th April 2023 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/35d9958f-7bc1-4679-992d-9821a3aea714 23rd January 2023 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.eastmidstenders.org ## 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-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-249e9186-9b78-47c2-b63c-3e0a01f7737e.json.