---
title: "GB-Sheffield: Covid Scheme Lender Audit & Assurance"
ocid: "ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BRITISH BUSINESS BANK"
published: "2024-06-03"
---

# GB-Sheffield: Covid Scheme Lender Audit & Assurance

Buyer: BRITISH BUSINESS BANK  
Current stage: Award  
OCID: ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a

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## Summary

The British Business Bank has awarded a contract for auditing services titled "GB-Sheffield: Covid Scheme Lender Audit & Assurance" under the CPV classification code 79212000. The contract value is 4,438,800 GBP, with a tender period ending on December 15, 2023, and a contract period from April 1, 2024, to March 31, 2028. The contract was awarded to RSM UK Risk Assurance Services LLP, KPMG LLP, and Ernst & Young LLP. The procurement was carried out using the CCS RM6188 A&AS Framework, Lot 2. The audit will provide assurance on scheme administration and management.

This contract provides an opportunity for audit firms to engage in the delivery of audit and assurance services related to Covid scheme lender operations. Businesses specialising in auditing services, particularly those experienced in financial services and risk assurance, would be well-suited to compete for this contract. The audit will involve oversight of lender actions in line with guarantee agreements and lending limits, presenting an opportunity for firms with expertise in financial regulation and compliance to contribute to public-private partnership initiatives in the financial sector.

## Notice

British Business Financial Services Ltd (BBFS Ltd), an owned subsidiary of BBB, manage the debt schemes on behalf of the Secretary of State for DBT. BBB sets the policy for the schemes, manages performance, sets Annual Lending Limits for individual Lenders, manages day-to-day operations and monitors each Lender's use of the schemes. BBB works with accredited Lenders to manage scheme performance and to raise awareness of the schemes. Auditors are required, through the Delivery Partner (DP) Assurance Programme, to provide assurance to BBB that the participating Lender is correctly and effectively administering the scheme in line with the guarantee agreements and, where applicable, the side letters and Lending Limit Letters. In addition, the auditors oversee corrective action plans implemented (where required) by the Lender and provide BBB with Management Information to support BBB's supervision of the schemes. The Lender Assurance and Insights (LA&I) team, within the Small Business Lending function, administers the Assurance Programme. The Lender Audit and Assurance Forum (LAAF) oversees this activity, reporting to the Lender Performance Strategic Committee (LPSC) and Investment Committee (IC), as required. Additional information: This Procurement was done via competition using the CCS RM6188 A&AS Framework Lot 2 - External audit

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/81ddae55-9f8a-47f2-980b-0a7ea6c0ad49 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Jun 2024 |
| Submission deadline | 15 Dec 2023 |
| Future notice date | Not specified |
| Award date | 15 Dec 2023 |
| Contract period | 31 Mar 2024 - 31 Mar 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £4,438,800 |
| Lots value | Not specified |
| Awards value | £4,438,800 |
| 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 | 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 |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | ERNST & YOUNG; KPMG; RSM UK RISK ASSURANCE SERVICES |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79212000 - Auditing services

## Release History

- 3 Jun 2024 at 15:15 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/81ddae55-9f8a-47f2-980b-0a7ea6c0ad49

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/81ddae55-9f8a-47f2-980b-0a7ea6c0ad49
  3rd June 2024 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=850647567
  Please follow this link to view the notice.

## 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-dc3d230f-fa97-4a24-bc33-8f73f8d1257a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a.json.