Find a TenderAwarded
Published 23 Jan 2023, 13:53 GMT

Official UK procurement notice

TD1925 - Due Diligence · UK public procurement notice

Official notice

Authority: Derby City Council (Local council)

ServicesOpen procedureSME suitable
Published estimate£250,000exc. VAT
Submissions closed 26 Feb 2023awarded 11 Apr 2023
Awarded to Inventya Ltd

What is being bought

Published requirement description

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

  • Recurrence: At the end of the 5 year term

CPV: Financial and insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1AwardedRenewal
Delivery: East Midlands
Extensions: Option to extend for 2 annual increments · Option to extend for a further 2 years. Maximum contract period is 5 years.Variant bids: not allowed

What it takes to win
i

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 more
How bids were scored
Quality: 60%Price: 40%
Published award criteria (2)
  • Quality: 60
  • Price: 40
What this means for your bid
  • Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
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
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes · At the end of the 5 year term
First published
23 Jan 2023, 13:53 GMT
Last source update
13 Apr 2023, 11:46 BST
Award evaluation window
27 Feb 2023 – …
FTS notice number
2023/S 000-010618
Classification (CPV)
Financial and insurance services
Delivery area
East Midlands (UKF11)
Official registry OCID
ocds-h6vhtk-0399bd Find a Tender

How it was run

Official notice
Run through: East Midlands Tendering
Supplier login requiredLanguage: EN
Access & registration note: Free regional portal
Submission deadline
26 Feb 2023, 15:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
27 Feb 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

Timeline

26 Feb 2023 → 13 Apr 2023 · 3 dates
  1. Submission deadline
    26 Feb 2023, 15:00 GMT
  2. Bids opened
    27 Feb 2023, 12:00 GMT
  3. Notice published
    13 Apr 2023, 11:46 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    13 Apr 2023, 11:46 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £250,0001 contract exc. VAT
Bids received 33 from SMEs
Contracts signed 1latest 11 Apr 2023
Awarded toValueDateStatus
Inventya LtdSME£250,000 †—Awarded

Contracts

  • Contract 010618-2023-1 · Inventya LtdSME

    Signed
    11 Apr 2023
    Value
    £250,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
3bids · 3 electronic3——

Contracting authority & participating public bodies

Derby City Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Corporation Street, Derby, East Midlands, DE12FSContact email, phone Published organisation website ↗

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.