--- title: "GB-Sheffield: BBB Structured Finance Legal Services Panel" ocid: "ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c.json" source: "Contracts Finder" current_stage: "Tender" buyer: "BRITISH BUSINESS BANK" published: "2023-12-01" --- # GB-Sheffield: BBB Structured Finance Legal Services Panel Buyer: BRITISH BUSINESS BANK Current stage: Tender OCID: ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9d991d07-d146-41be-983d-76f9eef6f29c.json) ## Summary The British Business Bank is procuring legal services for structured finance transactions through an open procurement exercise. This opportunity, titled "BBB Structured Finance Legal Services Panel," is aimed at creating a framework for legal advice services. The procuring entity, British Business Bank, aims to support sustainable growth and transition to a net-zero economy by facilitating access to finance for smaller businesses. The procurement process is being conducted via the Delta e-tendering platform. The deadline for submission of clarification questions is 11th December 2023, and bids are due by 10th January 2024. This tender provides opportunities for legal service providers with expertise in finance, corporate law, regulatory compliance, and dispute resolution. The framework will last for 4 years and is non-exclusive, offering potential for various legal service providers to engage. This contract may be particularly suitable for small or medium-sized enterprises (SMEs) looking to work with the British Business Bank, an economic development bank funded by the UK Government. The tender represents a chance for businesses specialised in structured finance and legal advisory services to establish long-term engagements. ## Notice 1.Overview In line with the Prior Information Notice ("PIN") as issued on 8th September 2023, British Business Bank ("BBB") are undertaking an open procurement exercise by which to create a framework (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions. 2.Introduction BBB is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBB's mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UK's business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd ("BBFSL") administers certain programmes on behalf of HM Government. British Business Investments Limited ("BBI") is part of the BBB's commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this framework procurement for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. 3.Nature of Services (a)The procurement exercise will welcome Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable, foreign law advice or 'issue spotting' (noting that any contracts to be entered into by the Buyers will be governed by English law); (vi)tax law advice; (vii)general transaction management; and (viii)advice relating to disputes, litigation, investigations and other contentious matters. 4.Procurement Process This procurement is being conducted via the Delta e-tendering platform, for which registration is free at the link contained - Enter Details | Delta (delta-esourcing.com), should it be required the access code is 34XH2S5K93. The Framework will be in place for a period of 4 years and will be non-exclusive and non-committal. As such, guaranteed volumes of work cannot be provided and the values outlined are anticipated only. The deadline for submission of clarification questions is 11th December 2023, with submission of bids to be received by 10th January 2024 at midday. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c81cfce7-122f-4d60-a8fa-cfe9f208e8d1 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 1 Dec 2023 | | Submission deadline | 10 Jan 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2024 - 31 Mar 2028 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £5,000,000 | | 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 | 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 | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79100000 - Legal services ## Release History - 1 Dec 2023 at 15:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c81cfce7-122f-4d60-a8fa-cfe9f208e8d1 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/c81cfce7-122f-4d60-a8fa-cfe9f208e8d1 1st December 2023 - Opportunity notice on Contracts Finder - https://www.delta-esourcing.com/tenders/UK-GB-Sheffield:-BBB-Structured-Finance-Legal-Services-Panel/34XH2S5K93 Please follow this link to view the notice. ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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