Official UK procurement notice
Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham
Authority: London Borough of Barking and Dagenham (Local council)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionThis is an Award Notice for the following Contract Notice placed:
London Borough of Barking & Dagenham are seeking an innovative and forward-thinking Credit Union partner who is up for the challenge of developing a Community Banking offer with us. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and
Dagenham. We are looking for a Credit Union partnership to drive this forward and help us achieve our goals. The Credit Union does not have to be London based, we welcome applications from any Credit Union with excellent digital delivery.
Full details can be found in the tender documents.
What we are looking for in a partnership:
- Organisational strength and ability to grow: a credit union that can demonstrate its financial health and ability to grow an innovative offer with us in Barking and Dagenham to meet local needs.
- Products and Services: a credit union with a well-established comprehensive range of products and services that can meet different customer needs, including savings accounts, instant loans and transactional banking facilities at minimum.
- Partnership working: a credit union that can demonstrate propensity and willingness to work innovatively with the council and borough partners over the course of the contract.
- Service delivery: a credit union with a strong digital offer and can provide full, remote access to products and services via the web and/or mobile app. Other forms of engagement for those who are digitally excluded should also be available i.e. telephone
- Impact and performance: a credit union with ambitious but realistic expectations of joint performance targets and a vision for the change we aim to see in Barking and Dagenham, as well as the ability to evidence the wider social, wellbeing and local economic impact of provision
The contract is for 3 years with the option to extend for up to a further period of 1+1 years. London Borough of Barking and Dagenham will provide a number of investments to ensure the productivity of the partnership.
The contract is advertised at £500,000 however, £250,000 is the budget envelope for the duration of the contract. Additional funds over the budget envelope to grow the offer may become available during the contract, including potential capital investment. There is no commitment to additional funds at this stage.
We invite Credit Unions who meet the specification to submit a response to the Tender.
CPV: Banking services · Credit granting services · Micro-credit granting services
The lotProcurement structure
single lot · value publishedLot #1This is an Award Notice for the following Contract Noticed placed:AwardedPublished value£500,000
This is an Award Notice for the following Contract Noticed placed:
London Borough of Barking & Dagenham are seeking an innovative and forward-thinking Credit Union partner who is up for the challenge of developing a Community Banking offer with us. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and
Dagenham. We are looking for a Credit Union partnership to drive this forward and help us achieve our goals. The Credit Union does not have to be London based, we welcome applications from any Credit Union with excellent digital delivery.
Full details can be found in the tender documents.
What we are looking for in a partnership:
- Organisational strength and ability to grow: a credit union that can demonstrate its financial health and ability to grow an innovative offer with us in Barking and Dagenham to meet local needs.
- Products and Services: a credit union with a well-established comprehensive range of products and services that can meet different customer needs, including savings accounts, instant loans and transactional banking facilities at minimum.
- Partnership working: a credit union that can demonstrate propensity and willingness to work innovatively with the council and borough partners over the course of the contract.
- Service delivery: a credit union with a strong digital offer and can provide full, remote access to products and services via the web and/or mobile app. Other forms of engagement for those who are digitally excluded should also be available i.e. telephone
- Impact and performance: a credit union with ambitious but realistic expectations of joint performance targets and a vision for the change we aim to see in Barking and Dagenham, as well as the ability to evidence the wider social, wellbeing and local economic impact of provision
The contract is for 3 years with the option to extend for up to a further period of 1+1 years. London Borough of Barking and Dagenham will provide a number of investments to ensure the productivity of the partnership.
The contract is advertised at £500,000 however, £250,000 is the budget envelope for the duration of the contract. Additional funds over the budget envelope to grow the offer may become available during the contract, including potential capital investment. There is no commitment to additional funds at this stage.
We invite Credit Unions who meet the specification to submit a response to the Tender.
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 (4)
- Price: pass fail
- Social Value: 10
- Quality: 90
- Price: pass fail
- Suitability
as detailed in the tender documents
- Technical & professional ability
as stated in the tender documents
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
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 14 Dec 2021, 22:45 GMT
- Last source update
- 27 Jul 2022, 17:01 BST
- Award evaluation window
- 18 Jan 2022 – …
- FTS notice number
2022/S 000-020536- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03013dFind a Tender
- Performance terms
as stated in the tender documents
Publisher note: The contracting authority intends to use an eTendering system in this procurement exercise. Suppliers Instructions How to Express Interest in this Tender: 1) Register your company on the eSourcing portal (this is only required once) — browse to the eSourcing Portal: https://lbbd.bravosolution.co.uk and click the link to register; — accept the terms and conditions and click 'Continue'; — enter your correct business and user details; — note the username you chose and click 'Save' when complete; — you will shortly receive an email with your unique password (please keep this secure). 2) Express an Interest in the tender — login to the portal with the username/password; — click the 'PQQs/ITTs. Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier); — click on the relevant PQQ/ITT to access the content; — click the 'Express Interest' button at the top of the page; — this will move the PQQ /ITT into your 'My PQQs/My ITTs' page. (This is a secure area reserved for your projects only); — you can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3) Responding to the tender — click 'My Response' under 'PQQ/ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining); — you can now use the 'Messages' function to communicate with the buyer and seek any clarification; — note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ITT; — there may be a mixture of online and offline actions for you to perform (there is detailed online help available); — you must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance, please consult the online help or contact the eTendering help desk. Description1: Link to eTendering system is below Link1: (URL) https://lbbd.bravosolution.co.uk
How it was run
Official notice- Submission deadline
- 18 Jan 2022, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 18 Jan 2022, 12:00 GMT
Timeline
18 Jan 2022 → 27 Jul 2022 · 3 dates- Submission deadline18 Jan 2022, 12:00 GMT
- Bids opened18 Jan 2022, 12:00 GMT
- Notice published27 Jul 2022, 17:01 BST
Notice history
2 events · 2 releases on Find a Tender · since 27 Jul 2022- Status changed to complete27 Jul 2022, 17:01 BST
- Buyer details updated27 Jul 2022, 17:01 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Leeds City Credit UnionSMECommunity Banking service in Barking and Dagenham | £500,000 † | — | Awarded |
Contracts
Community Banking service in Barking and Dagenham · Leeds City Credit UnionSME
- Signed
- 4 Feb 2022
- Value
- £500,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic · 2 from abroad | 2 | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- The High CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- Leeds City Credit UnionAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria