Expired contract

Opening up the investment pipeline of the BBB

Details

Value
£2,000,000
Duration
1 year
Topic
Business and management consultancy services
Published
26 January 2024

Tender description

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

Timeline

  1. Completed: Award published26 January 2024
    Current notice
  2. Completed: Award date26 January 2024
  3. Completed: Contract expiry date30 June 2025

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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Procurement Manager+44 •••• ••••••
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