Contract notice
Section I: Contracting
authority
I.1) Name and addresses
The Start-Up Loans Company Ltd
na
71-75 Shelton Street, Covent Garden
London
WC2H 9JQ
UK
Contact person: Pete Binkiewicz
Telephone: +44 2039051462
E-mail: Procurement@British-business-bank.co.uk
Fax: +44 0
NUTS: UK
Internet address(es)
Main address: www.British-business-bank.co.uk
Address of the buyer profile: www.British-business-bank.co.uk
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-services./7K48S4KDRM
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-services./7K48S4KDRM
Tenders or requests to participate must be sent to the abovementioned address
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
Agreements for the Start-Up Loans Company’s Finance Partner and Associated
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
The start-up loans company is conducting this procurement to establish agreements for finance partners for the start up loans scheme as follows:
Lot 1: Issuing of New Loans, Loan Administration of New Loans, Debt Collection of New Loans;
Lot 2: Assignment of pre-existing Loans; Loan Administration of pre-existing Loans, Debt Collection of pre-existing Loans.
II.1.5) Estimated total value
Value excluding VAT:
18 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
Yes
Tenders may be submitted for all lots
Maximum number of lots that may be awarded to one tenderer: 2
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
Lot 1 and Lot 2.
II.2) Description
Lot No: 1
II.2.1) Title
Issuing of New Loans, Loan Administration of New Loans, Debt Collection of New Loans
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66113000
66113100
66150000
66151000
66152000
66190000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Issuing of New Personal Loans, Loan Administration and Debt Collection of the New Personal Loans.
Eligibility for a start up loan:
1) 18 years of age or older;
2) Current UK resident;
3) New business or trading for up to 24 months;
4) Business is or will be based in the UK;
5) Business owners must have the right to live and work in the UK;
6) Loans are subject to personal credit checks.
Start up loans must satisfy the following conditions:
1) Be a personal Loan in a range size from 500 GBP up to 25 000 GBP;
2) Only one Loan per individual, who must be an owner or partner in the business;
3) A maximum of 100 000 GBP of personal Loans per business;
4) All conditions in the finance partner agreement.
General requirements are set-out in the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
10 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 150
This contract is subject to renewal: Yes
Description of renewals:
The duration of the contract services will be:
— up to 6-months for establishment and onboarding,
— up to 5 years for the funding period (to 31.3.2025 latest), subject to the authority having start up loans funding for this period; followed by 7 years following the end the funding period.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Back up service provider requirements are set-out in the procurement documents. The authority will assess any such proposals and determine whether, at its sole discretion, it will incorporate the proposals into the finance partner contracted services. Note the proposals will not form part of the tender evaluation.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 2
II.2.1) Title
Assignment of Personal Loan Back Book(s); Loan Administration and Debt Collection of Personal Loan Back Book(s)
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66113000
66113100
66150000
66151000
66152000
66190000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Assignment of personal loan back book(s); loan administration and debt collection of personal loan back book(s).
General requirements are set-out in the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
8 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 78
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
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 III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
Tenderers must be authorised by the financial conduct authority as follows:
(a) entering into regulated credit agreement as lender (Lot 1 only);
(b) exercising or having the right to exercise the lender's rights and duties under a regulated credit agreement (Lot 1 and Lot 2); and
(c) agreeing to carry on a regulated activity (Lot 1 and Lot 2).
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
Please see the procurement documents for more information.
III.2.3) Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
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 with several operators.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
11/10/2019
Local time: 16:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 6 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
11/10/2019
Local time: 16:01
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.2) Information about electronic workflows
Electronic payment will be used
VI.3) Additional information
The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
The British Business Bank (‘BBB’) is a government-owned economic development bank. Its mission is to help drive economic growth by making finance markets work better for small businesses — wherever they are in the UK and wherever they are on their business journey — enabling them to grow and prosper. BBB brings expertise and Government money to the smaller business finance markets. BBB does not lend or invest directly, but works with over 130 partners such as banks, leasing companies, venture capital funds and web-based platforms. Businesses apply for finance through the Bank’s delivery partners who, because they work with the Bank, can lend and invest more, especially to younger and faster growing companies.
The Start Up Loans Company (the Authority) is a wholly owned subsidiary of BBB and its purpose is to make business ownership a viable career for individuals who struggle to raise finance, by providing Loans and support to help these individuals with new or early stage businesses.
The Authority are purchasing the finance partner services on behalf of:
(a) itself;
(b) British Business Bank Plc and any members of its group (within the meaning of the Companies Act 2006);
(c) Department of Business, Energy and Industrial Strategy, and any entity owned or controlled by it.
The Authority will hold a Supplier ITT Launch Event (the ‘Event’) on 19.9.209 in London, for the purposes of presenting the opportunity to potential tenderers. Potential tenderers are permitted to send up to 3 representatives to attend the event. Please see the ITT for further information. The link to register for this event can be found here: https://www.eventbrite.co.uk/e/launch-event-the-start-up-loans-company-finance-partner-procurement-tickets-72062800777
The Authority may terminate or suspend the award process at any time without incurring any cost or liability. The Authority does not bind itself to enter into any contract arising out of the procedures envisaged by this notice. No contractual rights expressed or implied arise out of this notice or the procedures envisaged by it. The Authority will not be liable in any way to any candidate or tenderer for any costs incurred in connection with this procurement process. The Authority reserves the right to disqualify any candidate who provides information or confirmations which later prove to be untrue or incorrect; does not supply the information required by this notice or by the procurement documents or as otherwise directed by the Authority during the procurement process; or fulfils any 1 or more of the criteria stated procurement documents (including Regulation 57 of the Public Contracts Regulations 2015).
A tenderer will be required to agree to be audited by the UK audit bodies, the European Commission and the European Court of Auditors along with the funders and their auditors.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-services./7K48S4KDRM
To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/7K48S4KDRM
GO Reference: GO-201999-PRO-15346462
VI.4) Procedures for review
VI.4.1) Review body
British Business Bank
Steel City House, West Street
Sheffield
S1 2GQ
UK
Telephone: +44 2039051462
E-mail: Procurement@british-business-bank.co.uk
Fax: +44 0
Internet address(es)
URL: www.british-business-bank.co.uk
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
Any appeals should be promptly brought to the attention of the Head of Procurement at the address specified in Section I) above, and will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015. Any appeals must be brought within the time-scales specified by the applicable law, including, without limitation, the Public Contracts Regulations 2015. In accordance with such Regulations, the contracting authority will incorporate a minimum 10 calendar days standstill period from the date information on award of contract is communicated to tenderers.
VI.4.4) Service from which information about the review procedure may be obtained
British Business Bank
Steel City House, West Street
Sheffield
S1 2GQ
UK
Telephone: +44 1142062131
E-mail: Procurement@british-business-bank.co.uk
Fax: +44 0
Internet address(es)
URL: www.british-business-bank.co.uk
VI.5) Date of dispatch of this notice
09/09/2019