---
title: "TD1925 - Due Diligence"
ocid: "ocds-h6vhtk-0399bd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0399bd"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0399bd.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0399bd.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DERBY CITY COUNCIL"
published: "2023-04-13"
---

# TD1925 - Due Diligence

Buyer: DERBY CITY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-0399bd

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0399bd)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0399bd.json)

## Summary

The Derby City Council has completed a tender process for the provision of Due Diligence services related to financial and insurance services. The contract is valued at £250,000 and involves external independent assessments on companies seeking grant or loan funding. The contract started on 14th April 2023 and is set to expire on 13th April 2026, with a possible extension option. The procurement method used was an open procedure.

This tender by the Derby City Council offers opportunities for businesses in the financial and insurance services sector to provide Due Diligence services. Small and medium enterprises (SMEs) specialised in financial analysis and risk assessment are well-suited to compete. Interested businesses should note the key dates: the deadline for expressing interest and obtaining documentation was 26th February 2023, and the submission deadline was 27th February 2023.

## Notice

The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant

### Lot Information

Lot 1

The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant Contract is due to commence on the 14th April 2023 and expire on 13th April 2026. There is an option to extend for a further 2 years in annual increments. The value of PS250,000 is based on the full 5 years.

Options: Option to extend for 2 annual increments

Renewal: Option to extend for a further 2 years. Maximum contract period is 5 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/010618-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Apr 2023 |
| Submission deadline | 26 Feb 2023 |
| Future notice date | Not specified |
| Award date | 10 Apr 2023 |
| Contract period | Not specified |
| Recurrence | At the end of the 5 year term |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £250,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DERBY CITY COUNCIL |
| Locality | DERBY |
| Post town | Derby |
| Postcode | DE1 2FS |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF1 Derbyshire and Nottinghamshire |
| ITL 3 | TLF11 Derby |
| Local authority | Derby |
| Electoral ward | Darley |
| Westminster constituency | Derby South |
| Delivery location | TLF11 Derby |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | INVENTYA |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 13 Apr 2023 at 10:46 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/010618-2023
- 23 Jan 2023 at 13:53 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/002011-2023

## Notice URLs

- http://www.derby.gov.uk
- http://www.eastmidstenders.org

## 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-h6vhtk-0399bd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0399bd.json.