Awarded contract

GB-Sheffield: Calculation Agent - Project Halloumi

Details

Supplier(s)
Citibank NA
Value
£51,000
Duration
5 years
Topic
Banking and investment services
Published
6 April 2023

Tender description

BEIS guarantee a portfolio of loans originated by Cynergy Bank, in return for a fee. A calculation agent, ensuring probity and confirming amounts due to either party. Additional information: The contract will run until the end of the Guarantee period expected to be five years

Timeline

  1. Completed: Award date15 March 2023
  2. Completed: Award published6 April 2023
    Current notice
  3. Next: Contract expiry date15 March 2028in 16 months

About the buyer

British Business Bank is a government-owned economic development bank and non-departmental public body, wholly owned by the Department for Business and Trade. A supplier management policy sets out how the Bank runs its contracts. Monthly spend above a set threshold is published for transparency. Suppliers can also read the Bank's guide to public sector tendering.

Public sector frameworks let suppliers win call-off contracts through mini-competitions.

Over the past 5 years, most of British Business Bank's contract awards have been in business services, financial and insurance services and software and information systems.

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Decision makers

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