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Darlington College - Refinancing of Bank Borrowing

Banking services
North East (UKC13)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Darlington College: "Darlington College - Refinancing of Bank Borrowing". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityDarlington CollegeScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Darlington College
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Darlington College. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
1Bids / Report
100% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 1 active published awards; 1 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityDarlington College
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published20 Jul 2021, 02:33 BST
Last source update20 Jul 2021, 02:33 BST
Recurring procurementNot published
ClassificationBanking services
Delivery area
North East (UKC13)
OCIDocds-h6vhtk-02c9cf
What is being bought
Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing.
What changed
From the official release history
  1. Status changed to complete
    20 Jul 2021, 02:33 BST
  2. Official notice release published
    20 Jul 2021, 02:33 BST
  3. Buyer information updated
    20 Jul 2021, 02:33 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing. • An organisation with experience of lending to the UK education sectors • A organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector. • The ability to provide a fully credit and pricing backed proposal to this ITT • Able to complete the refinance/restructure of existing borrowing by 10 May 2021 • An online provision to meet the needs of the college The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each: Option 1, a £3m 5-year amortising loan with a 10-year repayment profile, option 2, a £3m Revolving Credit Facility over 5 years, option 3 a £3m Revolving Credit Facility over 3 years.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    20 Jul 2021, 02:33 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 20 Jul 2021, 00:00 BST · £90,000
Commercial outcome and competition
Awards
Barclays Bank PLC
Not published · Not published · active
Contracts
Darlington College - Refinancing of Bank Borrowing
£90,000 · signed 20 Jul 2021, 00:00 BST · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

Darlington College

Contracting authority GB-FTS-22867
View buyer profile

  • Darlington College
    buyer

    Central Park, Haughton Road, Darlington, UK, DL1 1DR
    mark.dodd@tenetservices.com
    +44 1376511411

  • Barclays Bank PLC
    supplier

    1 Churchill Place, , LONDON, UK, E14 5HP
    megan.leatherland@barclays.com
    +44 3301528811

  • Tenet
    reviewBody

    Procurement House, 23 Leslie Hough Way, Salford, M6 6AJ
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published