Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
British Business Bank
08616013
53 Detroit Avenue, West Street
LEEDS
LS15 8NU
UK
Contact person: Leila Hodson
Telephone: +44 1142062131
E-mail: procurement@british-business-bank.co.uk
NUTS: UK
Internet address(es)
Main address: https://www.british-business-bank.co.uk/
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Opening up the investment pipeline of the BBB
II.1.2) Main CPV code
79410000
II.1.3) Type of contract
Services
II.1.4) Short 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
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
2 000 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM
II.2.4) Description of the procurement
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.
II.2.5) Award criteria
Quality criterion: Experience
/ Weighting: 20
Quality criterion: Expertise
/ Weighting: 15
Quality criterion: Approach
/ Weighting: 10
Quality criterion: Methodology
/ Weighting: 20
Quality criterion: Stakeholder Engagement
/ Weighting: 10
Cost criterion: Price for Phase One
/ Weighting: 10
Cost criterion: Weighted Rate Card
/ Weighting: 10
Cost criterion: Value for Money
/ Weighting: 5
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2020/S 207-506346
Section V: Award of contract
Contract No: C2117
Title: Opening up the investment pipeline of the BBB
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
18/12/2023
V.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 5
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Ernst & Young LLP
OC300001
1 More
London
SE1 2AF
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 2 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
To view this notice, please click here:
<a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=838590122" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=838590122</a>
GO Reference: GO-2024126-PRO-25054915
VI.4) Procedures for review
VI.4.1) Review body
British Business Bank
Sheffi
S1 2GQ
UK
VI.5) Date of dispatch of this notice
26/01/2024