Published date: 5 November 2018

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 10 December 2018

Contract summary

Industry

  • Software package and information systems - 48000000

  • Project management consultancy services - 72224000

  • Data management services - 72322000

    • Business and management consultancy and related services - 79400000

    • Business organisation services - 79996000

Location of contract

Any region

Value of contract

£16,500,000

Procurement reference

RM6139

Published date

5 November 2018

Closing date

10 December 2018

Contract start date

30 August 2019

Contract end date

29 August 2030

Contract type

Service contract

Procedure type

Competitive dialogue (above threshold)

Tenders are invited from pre-qualified suppliers after discussion of requirements and potential solutions.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

UK Asset Resolution Limited (UKAR) is nearing completion of its objective of returning the UK taxpayers' investment in NRAM Ltd (NRAM) and Bradford & Bingley plc (B&B) to the private sector. One option is to sell the NRAM and B&B legal entities, leaving UKAR in public ownership.
UKAR is therefore seeking to establish a single supplier contract to outsource all aspects of the running of its remaining business, with the exception of Board and company secretarial functions.
UKAR will be responsible for meeting contractual obligations to the buyer of B&B and NRAM, a range of liabilities relating to previous asset sales, sponsoring the legacy defined benefit pension schemes and administering other non-loan assets and liabilities.
The scope of the contract requires the provision of claims management services and the outsourcing of business administration activities required to run the business, such as management reporting, stakeholder management and other miscellaneous activities (such as, potentially, residual pension management responsibilities). It also involves the planning and management of the transition to the new arrangements.

More information

Attachments

About the buyer

Contact name

UK Asset Resolution (UKAR)

Address

Croft Road, Crossflatts
Bingley
BD16 2UA
England

Email

resico@ukar.co.uk