Official UK procurement notice
Opening up the investment pipeline of the BBB
Authority: British Business Bank (Central government)
What is being bought
Published requirement descriptionBritish Business Bank (BBB) undertook a mini competition exercise via Lot 2 (Stratgegy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3) for the provision of consultancy services to support the development, design and implementation of a new investment vehicle/fund that would enable the Bank to take on and manage third party capital. This will be for an initial term of 11 months until 31st December 2024, with the option to extend for a further 6 months until 30th June 2025. The total potential value for the full term of the contract, incorporating the extension period, shall be £2,000,000
CPV: Business and management consultancy services
How this framework works
From the published notice- Bids received
- 5 bids received · 1 suppliers appointed
The lotProcurement structure
single lot · no lot value publishedLot #1Business and management consultancy servicesAwarded
Business and management consultancy services. British Business Bank (BBB) undertook a mini competition exercise via Lot 2 (Stratgegy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3) for the provision of consultancy services to support the development, design and implementation of a new investment vehicle/fund that would enable the Bank to take on and manage third party capital.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (8)
- Experience: 20%
- Expertise: 15%
- Approach: 10%
- Methodology: 20%
- Stakeholder Engagement: 10%
- Price for Phase One: 10%
- Weighted Rate Card: 10%
- Value for Money: 5%
Published award criteria (8)
- Experience: 20
- Expertise: 15
- Approach: 10
- Methodology: 20
- Stakeholder Engagement: 10
- Price for Phase One: 10
- Weighted Rate Card: 10
- Value for Money: 5
- Price carries 25 of 100 points: a 10% discount moves about 2.5 points. The method statement decides this lot, not the discount.
- “Opening up the investment pipeline of the BBB” is a framework: the contest is a place on its panel, not a single contract.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Framework agreement
- Who may use this agreement
- Not stated in the notice; call-off rights may be limited to the establishing authority
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 26 Jan 2024, 19:05 GMT
- Last source update
- 26 Jan 2024, 19:05 GMT
- FTS notice number
2024/S 000-002840- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-043530Find a Tender
Publisher note: To view this notice, please click here: <a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=838590122" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=838590122</a> GO Reference: GO-2024126-PRO-25054915
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.
Contracts
Opening up the investment pipeline of the BBB
- Signed
- 18 Dec 2023
- Value
- £2,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 5bids · 5 electronic · 5 from abroad | 0 | — | — |
Contracting authority & participating public bodies
Framework contractors & participating bidders
1 commercial party on the notice- Ernst & Young LLPFramework contractor
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.