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Official procurement procedure

Opening up the investment pipeline of the BBB

Business and management consultancy services
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: British Business Bank: "Opening up the investment pipeline of the BBB". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityBritish Business BankScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: British Business Bank
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for British Business Bank. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
5Bids / Report
0% 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. Published-to-award variance 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 Unpublished data stays unknown.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 AuthorityBritish Business Bank
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSFramework
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published26 Jan 2024, 19:05 GMT
Last source update26 Jan 2024, 19:05 GMT
Recurring procurementNot published
ClassificationBusiness and management consultancy services
Delivery area
UK
OCIDocds-h6vhtk-043530
What is being bought
British Business Bank (BBB) undertook a mini competition exercise via Lot 2 (Stratgegy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3) for the provision of consultancy services to support the development, design and implementation of a new investment vehicle/fund that would enable the Bank to take on and manage third party capital. This will be for an initial term of 11 months until 31st December 2024, with the option to extend for a further 6 months until 30th June 2025. The total potential value for the full term of the contract, incorporating the extension period, shall be £2,000,000
What changed
From the official release history
  1. Status changed to complete
    26 Jan 2024, 19:05 GMT
  2. Official notice release published
    26 Jan 2024, 19:05 GMT
  3. Buyer information updated
    26 Jan 2024, 19:05 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Business and management consultancy services. British Business Bank (BBB) undertook a mini competition exercise via Lot 2 (Stratgegy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3) for the provision of consultancy services to support the development, design and implementation of a new investment vehicle/fund that would enable the Bank to take on and manage third party capital.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    26 Jan 2024, 19:05 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 18 Dec 2023, 00:00 GMT · £2,000,000
Commercial outcome and competition
Awards
Ernst & Young LLP
Not published · Not published · active
Contracts
Opening up the investment pipeline of the BBB
£2,000,000 · signed 18 Dec 2023, 00:00 GMT · active
Bid statistics
bids: 5 (lot 1)
electronicBids: 5 (lot 1)
foreignBidsFromEU: 5 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

British Business Bank

Contracting authority GB-FTS-103587
View buyer profile

  • British Business Bank
    buyer

    08616013
    53 Detroit Avenue, West Street, LEEDS, UK, LS15 8NU
    procurement@british-business-bank.co.uk
    +44 1142062131

  • British Business Bank
    reviewBody

    Sheffi, S1 2GQ

  • Ernst & Young LLP
    supplier

    OC300001
    1 More, London, UK, SE1 2AF
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published