---
title: "British Business Bank - Operational Expenditure Rapid Review"
ocid: "ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BUSINESS ENERGY AND INDUSTRIAL STRATEGY"
published: "2021-03-22"
---

# British Business Bank - Operational Expenditure Rapid Review

Buyer: BUSINESS ENERGY AND INDUSTRIAL STRATEGY  
Current stage: Award  
OCID: ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d

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## Summary

The public procurement process involved the British Business Bank, which awarded a contract for "Operational Expenditure Rapid Review" to OLIVER WYMAN LIMITED. The procurement, classified under "Financial and insurance services," was executed through a selective method, specifically a call-off from the Management Consultancy Framework Two (MCF2) - RM6008 Lot 4. The contract was published on 22 March 2021, with the contract period running from 12 March 2021 to 31 March 2021. The tender process was completed prior to the end date of 10 March 2021. The purchasing location was in London, England, with a contract value of £135,000.

This contract represents an opportunity for consultancy firms, particularly those with expertise in operational analysis and strategic services within the financial sector. Businesses that focus on providing management consultancy and analysis services, especially small and medium-sized enterprises (SMEs), would find this tender particularly well-suited for growth. Companies capable of delivering in-depth reports and assessments on operating costs will be in a strong position to compete for similar future opportunities.

## Notice

Dept for Business Energy and Industrial Strategy awarded a contract following a competitive tender through a CCS framework - Management Consultancy Framework Two (MCF2), RM6008 Lot 4: Strategic Consultancy Services - for the following: 1. A report on the operating costs of the British Business Bank, with supporting analysis, covering the areas detailed in the section headed "Expected Outputs" of the invitation to tender 4910/03/2021; 2. An assessment of the further analysis or investigation work that, given more time, would provide more complete answers to the questions addressed in the report; and 3. A data pack of the evidence used and data gathered during the study.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/076da61c-7940-4612-ae4f-7533e55cb41a |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Mar 2021 |
| Submission deadline | 10 Mar 2021 |
| Future notice date | Not specified |
| Award date | 12 Mar 2021 |
| Contract period | 12 Mar 2021 - 31 Mar 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £135,000 |
| Lots value | Not specified |
| Awards value | £135,000 |
| 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 | BUSINESS ENERGY AND INDUSTRIAL STRATEGY |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 0ET |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | OLIVER WYMAN |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 22 Mar 2021 at 11:14 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/076da61c-7940-4612-ae4f-7533e55cb41a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/076da61c-7940-4612-ae4f-7533e55cb41a
  22nd March 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/5ca4b757-28a0-45c3-b9a9-b72d86aea1dd

## 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-cd4643c3-f810-4613-8308-08b7f9150d3d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-cd4643c3-f810-4613-8308-08b7f9150d3d.json.