--- title: "Framework for Community Bank Due Diligence" ocid: "ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b.json" source: "Contracts Finder" current_stage: "Tender" buyer: "BRISTOL CITY COUNCIL" published: "2019-11-28" --- # Framework for Community Bank Due Diligence Buyer: BRISTOL CITY COUNCIL Current stage: Tender OCID: ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b.json) ## Summary Bristol City Council is currently seeking tenders for a project titled "Framework for Community Bank Due Diligence," aimed at supporting the establishment of a network of community banks tailored to meet the financial needs of local residents, groups, and small to medium enterprises in the South West of the United Kingdom. This opportunity falls under the services category and is classified under banking and investment services. The tender process is open, with applications closing on 13 January 2020. The successful contractor will be engaged in a two-phased due diligence exercise, with the contract period running from 4 February 2020 until 2 February 2024, with an estimated total value of £1,000,000. This tender presents significant opportunities for businesses, particularly those specialising in financial consultancy, financial transaction processing, and research services. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as the procurement is structured into 19 lots, allowing for maximum flexibility and tailored bids across various regional boundaries. Participating in this tender could enable businesses to contribute to an impactful initiative that enhances local banking services and supports community economic development. ## 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. This procurement is split into 19 Lots so as to provide maximum flexibility to both the Authority and potential bidders. These 19 lots are in line with regional boundaries. A full list of authorities that may participate can be found here: https://www.local.gov.uk/our-support/guidance-and-resources/communications-support/digital-councils/social-media/go-further/a-z-councils-online. And; https://www.local.gov.uk/topics/devolution/combined-authorities ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/906e98ba-156a-441c-89d4-d215cdc61cc8 | | 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 | 28 Nov 2019 | | Submission deadline | 13 Jan 2020 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 4 Feb 2020 - 2 Feb 2024 | | 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 | TLK South West (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 73 - Research and development services and related consultancy services ### Codes - 66100000 - Banking and investment services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services - 73210000 - Research consultancy services ## Release History - 28 Nov 2019 at 20:40 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/906e98ba-156a-441c-89d4-d215cdc61cc8 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/906e98ba-156a-441c-89d4-d215cdc61cc8 28th November 2019 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.bristol.gov.uk/ - https://www.local.gov.uk/our-support/guidance-and-resources/communications-support/digital-councils/social-media/go-further/a-z-councils-online - https://www.local.gov.uk/topics/devolution/combined-authorities ## 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-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ca1f92f8-b5e0-425d-ad37-8b3b1aa36f1b.json.