Transformational Support Services · UK public procurement notice

Official notice

Authority: British Business Bank (Central government)

ServicesAward procedure without prior publication of a call for competition

Sectors: Business Services & Consultancy (79) Delivery: UK

Awarded value£865,600published contract · exc. VAT

Awarded 3 Aug 2023no call for competition

Awarded to Oliver Wyman2 awards

What is being bought

Published requirement description

British Business Bank (BBB) have awarded a Contract to Oliver Wyman Ltd for the provision of Transformational Support Services across a term of 3 months.

This will incorporate areas such as:

•Defining the strategy and assessing/testing the market

•Defining the required changes and assessing the various options available

•Providing project management support throughout any transformation period

CPV: Business and management consultancy and related services

The lotProcurement structure

single lot · no lot value published

Lot #1British Business Bank (BBB) have awarded a Contract to Oliver Wyman Ltd for the…Awarded

British Business Bank (BBB) have awarded a Contract to Oliver Wyman Ltd for the provision of Transformational Support Services across a term of 3 months. This will incorporate areas such as:

Defining the strategy and assessing/testing the market
Defining the required changes and assessing the various options available
Providing project management support throughout any transformation period

Delivery: UK · UNITED KINGDOM

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 6 Sept 2023, 19:06 BST
Last source update: 7 Nov 2023, 16:05 GMT
FTS notice number: 2023/S 000-032957
Classification (CPV): Business and management consultancy and related services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-03fa9b Find a Tender

Why no open competition: Extreme urgency brought about by events unforeseeable for the contracting authority/entity and in accordance with the strict conditions stated in the directive
Published justification: This award was made without prior publication, due to the need to engage a supplier and to deliver the services at pace in connection with a confidential HM Government mandate and associated timescales. Thus, the British Business Bank did not have sufficient time to comply with the standard open procedure timescales for this procurement.

Publisher note: To view this notice, please click here: <a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=816339406" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=816339406</a> GO Reference: GO-2023117-PRO-24358051

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 2

Awarded value £865,6001 contract exc. VAT · 1 repeated publication of the same award counted once

Bids received 1

Contracts signed 2latest 3 Aug 2023

Awarded to	Value	Date	Status
Oliver Wyman	£566,000 †same award published again · counted once	—	Awarded
Oliver Wyman	£865,600 †	—	Awarded

Contracts

Transformational Support Services · Oliver Wyman
Signed
3 Aug 2023
Value
£566,000
Status
active
Transformational Support Services · Oliver Wyman
Signed
3 Aug 2023
Value
£865,600
Status
active
- Change This ‘Phase 1’ work supported by Oliver Wyman (currently set to finish on 29th September) and leverage market momentum in order to further refine investors testing, further develop the BBB vision, and BBB proposals ahead of the Autumn Statement on 22nd November., Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: The Bank was given very little notice of the Chancellors intention to require the Bank to undertake this market engagement exercise with the private sector. The project needed to begin immediately after the Mansion House speech on the 10th of July, leaving us very little time to prepare to either up skill ourselves internally or complete a full procurement exercise. With less than a week until the work will need to begin, the only viable solution was for us to access external resource

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

British Business Bank

Contracting authorityCentral GovernmentBody governed by public lawEconomic affairs Steel City House, West Street, Sheffield, UK, S1 2GQContact name, email, phone

Bidders & participating suppliers

2 commercial parties on the notice

Oliver WymanAwarded supplier02995605 1 Tower Place West, Tower Place, London, UK, EC3R 5BU
Oliver WymanAwarded supplier02995605 1 Tower Place West,, Tower Place, London, UK, EC3R 5BU

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.