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Published 14 Dec 2021, 22:45 GMT

Official UK procurement notice

Contract for a Credit Union to Underpin A Community Banking Offer in Barking and Dagenham

Official notice

Authority: London Borough of Barking and Dagenham (Local council)·Consortium: 2 public authorities

ServicesOpen procedureSME suitable
Sectors: Financial and insurance services (66) Delivery: London (UKI52)
Published estimate£500,000exc. VAT
Submissions closed 18 Jan 2022awarded 4 Feb 2022
Awarded to Leeds City Credit Union

What is being bought

Published requirement description

This 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 published
Lot #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.

Delivery: London
Variant bids: not allowed
66110000 Banking services66113100 Micro-credit granting services

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: 90%Social value: 10%
Published award criteria (4)
  • Price: pass fail
  • Social Value: 10
  • Quality: 90
  • Price: pass fail
Conditions of participation2
  • 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)
Banking servicesCredit granting servicesMicro-credit granting services
Delivery area
London (UKI52)
Official registry OCID
ocds-h6vhtk-03013d Find a Tender
Contract terms
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
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
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
Detailed submission instructions & authority contactsFrom official release

www.lbbd.bravosolution.co.uk ↗

Timeline

18 Jan 2022 → 27 Jul 2022 · 3 dates
  1. Submission deadline
    18 Jan 2022, 12:00 GMT
  2. Bids opened
    18 Jan 2022, 12:00 GMT
  3. Notice published
    27 Jul 2022, 17:01 BST

Notice history

2 events · 2 releases on Find a Tender · since 27 Jul 2022
  1. Status changed to complete
    27 Jul 2022, 17:01 BST
  2. Buyer details updated
    27 Jul 2022, 17:01 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £500,0001 contract exc. VAT
Bids received 22 from SMEs
Contracts signed 1latest 4 Feb 2022
Awarded toValueDateStatus
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

BidsSMEVCSEValid bid range
2bids · 2 electronic · 2 from abroad2——

Contracting authority & participating public bodies

2 public bodies on the notice

London Borough of Barking and Dagenham

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Town Hall Square, 1 Clockhouse Avenue, Barking, London, IG11 7LUContact email

Dispute resolution & review bodies

  • The High CourtReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Leeds City Credit UnionAwarded supplier 31 Westminster Buildings, New York Street, Leeds, Leeds, Yorkshire & Humber, LS2 7DT

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria