Opening up the investment pipeline of the BBB
key details
| Value | £2,000,000 |
|---|---|
| Status | complete |
| Category (CPV) | 79410000 |
| Deadline | 18 Dec 2023 |
| Contract start | 26 Jan 2024 |
| Contract end | 30 Jun 2025 |
| Procedure | open |
| SME suitable | No |
| OCID | ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f |
Awards (2)
This procurement was awarded to 1 suppliers. Values shown are per-award; the notice total is £2,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Ernst & Young LLP | £2,000,000 | 18 Dec 2023 | active |
| Ernst & Young LLP | · | · | active |
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
notice history
2 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 26 Jan 2024 | Contract award notice (F03) | Earlier regulations | 002840-2024 |
| 26 Jan 2024 | Award (award) | · | 1b1cab9e-2c31-4e0d-a1d9-f23c7b3ffa7a-717804 |
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source
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