Official UK procurement notice
UKRI Loan Administration Services
Authority: UK Research and Innovation (Central government)
What is being bought
Published requirement descriptionUK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation (UKRI), wish to appoint a provider who can provide Loan Administration Services
UK SBS is managing this procurement in accordance with the Public Contracts Regulations 2015 (as amended from time to time) (the "Regulations").
This is a Services Contract being procured under Open Procedure Regulations.
See section I.3) for access to procurement documentation.
UK SBS will be using the Delta eSourcing Portal for this procurement. The access code is AACKPR744U.
CPV: Financial consultancy, financial transaction processing and clearing-house services · Financial markets administration services · Loan brokerage services
The lotProcurement structure
single lot · value publishedLot #1UK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation…RenewalPublished value£940,000
UK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation (UKRI), wish to appoint a provider who can provide Loan Administration Services.
Brief Description of Requirement
In 2018 Innovate UK launched Innovation Loans to fund later stage R&D projects with a clear route to commercial success. To date, Innovate UK Loans have committed £156m (total committed facility) to 183 businesses, supporting 200 new innovation projects.
UKRI - Innovate UK Loans Limited is seeking to procure a loan administrator to provide white label services to support the backend delivery of its Innovation Loans programme. The programme is expected to deliver up to 500 new loans/per year, supporting up to 500 new Innovative UK businesses.
The aim of procurement is to:
- Procure the delivery of reliable and responsive loan administration;
- Ensure sufficient resource is dedicated to the administration of Innovation Loans;
- The capacity to correctly process up to 500 loans a year
A brief summary of the requirement has been provided above, please ensure you review the specification for full details of this requirement. All documents relating to this procurement can be found within the Stage One: Overview Section on the Delta eSourcing Portal.
UK SBS is managing this procurement in accordance with the Public Contracts Regulations 2015 (as amended from time to time) (the "Regulations").
This is a Services Contract being procured under Open Procedure Regulations.
See section I.3) for access to procurement documentation.
UK SBS will be using the Delta eSourcing Portal for this procurement. The access code is AACKPR744U.
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 award criteria (2)
- Quality: 85%
- Price: 15%
- Price carries 15 of 100 points: a 10% discount moves about 1.5 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 · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 10 Dec 2021, 14:06 GMT
- Last source update
- 10 Dec 2021, 14:06 GMT
- Award evaluation window
- 18 Jan 2022 – …
- Authority reference
CS20397- FTS notice number
2021/S 000-030826- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02ffe1Find a Tender
Publisher note: All submissions will be assessed in accordance with the Public Contracts Regulations 2015, for procurement values that exceed Regulation 5 (Threshold amounts). Responses must be received by the date in the tender documentation; responses received outside of the deadline or not sent via the Delta eSourcing portal will not be accepted or considered further for this opportunity. As a user of the Delta eSourcing Portal you will have access to the Delta messaging service which facilitates all messages sent to you and from you in relation to any specific tender event. Please note it is your responsibility to access these messages on a regular basis to ensure you have sight of all relevant information applicable to this opportunity. The contracting authority expressly reserves the right: (i) not to award any contract as a result of the procurement process commenced by publication of this notice; and (ii) to make whatever changes it may see fit to the content and structure of the procurement and in no circumstances will the contracting authority be liable for any costs incurred by any supplier. If the contracting authority decides to enter into a contract with the successful supplier, this does not mean that there is any guarantee of subsequent contracts being awarded. Any expenditure, work or effort undertaken prior to contract award is accordingly a matter solely for the commercial judgement of bidders. How to apply UK Shared Business Services Ltd (UK SBS) will be using the Delta eSourcing Portal for this procurement. To register on the Delta eSourcing portal please use the link https://uksbs.deltaesourcing.com and follow the instructions to register. If you are already registered on the Delta eSourcing Portal and wish to participate in this procurement, please use the link: https://uksbs.delta-esourcing.com and the follow the instructions to 'Login' Once you are logged into the system you will be able to link yourself into this procurement using the access code: AACKPR744U.
How it was run
Official notice- Submission deadline
- 18 Jan 2022, 11:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 18 Jan 2022, 11:01 GMT
Timeline
10 Dec 2021 → 18 Jan 2022 · 3 dates- Notice published10 Dec 2021, 14:06 GMT
- Submission deadline18 Jan 2022, 11:00 GMT
- Bids opened18 Jan 2022, 11:01 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- UK Shared Business Services LimitedReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria