--- title: "Community Bank Due Dilligence" ocid: "ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82.json" source: "Contracts Finder" current_stage: "Tender" buyer: "BRISTOL CITY COUNCIL" published: "2019-10-04" --- # Community Bank Due Dilligence Buyer: BRISTOL CITY COUNCIL Current stage: Tender OCID: ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82.json) ## Summary Bristol City Council is seeking a competent provider to conduct a two-phased due diligence exercise for the Community Bank initiative, targeting small and medium-sized enterprises as well as local community groups. The tender, titled "Community Bank Due Dilligence," is currently in the active stage of the procurement process, following the open procedure method. The deadline for submissions is 4 November 2019, with the contract expected to commence on 22 November 2019 and run until 21 November 2023. The procurement value is estimated at £1,000,000, and the geographical scope includes the United Kingdom and surrounding areas. This tender presents significant opportunities for service providers in financial and management consultancy, particularly those who focus on due diligence and regional financial development. Suitable businesses include small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that possess the expertise to support the establishment of community banks aimed at enhancing local financial services. Engaging in this process could position these businesses to play a pivotal role in meeting the financial needs of diverse community stakeholders. ## Notice The Community Savings Banks Association (CSBA) is supporting the creation of a network of banks to serve the everyday financial needs of ordinary people, local community groups, and small and medium sized companies and that reflect the unique characteristic and priorities of the region. Bristol City Council (The Authority) and a number of local authorities ('participating authorities') have agreed, committed 'in principle' or are considering investment in the banks being developed for their respective regions. The banks are in various stages of development but predominantly in their infancy, following a bank in a box model and working towards the application for a banking license. The target operational date for the first of these banks is - financial year 2020/21, with a range of milestones to be achieved within that process. The Authority is looking to appoint, through a competitive process a competent provider/organization that will undertake a two phased due diligence exercise. The first phase is the initial due diligence on the regional model and will report to the Chief Finance Officer (or equivalent officer) of the lead (first participating) authority for the region. The second phase is the local diligence, call off arrangement which will report to the Chief Finance Officer (or equivalent officer) of the participating authority. Further details on the requirement, (Service Details for Due Diligence) and the procurement process can be found in the documents available to bidders participating in this tender exercise. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2d51da35-8de5-48e4-86c3-dbbf3404639b | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 4 Oct 2019 | | Submission deadline | 4 Nov 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 22 Nov 2019 - 21 Nov 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | BRISTOL CITY COUNCIL | | Locality | BRISTOL | | Post town | Bristol | | Postcode | BS1 5TR | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK5 West of England | | ITL 3 | TLK51 Bristol, City of | | Local authority | Bristol, City of | | Electoral ward | Hotwells and Harbourside | | Westminster constituency | Bristol Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 73 - Research and development services and related consultancy services - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 66171000 - Financial consultancy services - 73200000 - Research and development consultancy services - 79411000 - General management consultancy services - 79412000 - Financial management consultancy services ## Release History - 4 Oct 2019 at 10:28 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2d51da35-8de5-48e4-86c3-dbbf3404639b ## Documents - https://www.contractsfinder.service.gov.uk/Notice/2d51da35-8de5-48e4-86c3-dbbf3404639b 4th October 2019 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.bristol.gov.uk/ ## 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-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-89b6e703-f4bd-4b92-b83d-2dee14ad4f82.json.