Published date: 4 October 2019

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: 4 November 2019

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Research and development consultancy services - 73200000

  • General management consultancy services - 79411000

    • Financial management consultancy services - 79412000

Location of contract

Any region

Value of contract

£1,000,000

Procurement reference

BRISTOLCC001-DN439059-65963435

Published date

4 October 2019

Closing date

4 November 2019

Contract start date

22 November 2019

Contract end date

21 November 2023

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Community Savings Banks Association (CSBA) is supporting the creation of a network of banks to serve the everyday financial needs of ordinary people, local community groups, and small and medium sized companies and that reflect the unique characteristic and priorities of the region. Bristol City Council (The Authority) and a number of local authorities ('participating authorities') have agreed, committed 'in principle' or are considering investment in the banks being developed for their respective regions. The banks are in various stages of development but predominantly in their infancy, following a bank in a box model and working towards the application for a banking license. The target operational date for the first of these banks is - financial year 2020/21, with a range of milestones to be achieved within that process. The Authority is looking to appoint, through a competitive process a competent provider/organization that will undertake a two phased due diligence exercise. The first phase is the initial due diligence on the regional model and will report to the Chief Finance Officer (or equivalent officer) of the lead (first participating) authority for the region. The second phase is the local diligence, call off arrangement which will report to the Chief Finance Officer (or equivalent officer) of the participating authority. Further details on the requirement, (Service Details for Due Diligence) and the procurement process can be found in the documents available to bidders participating in this tender exercise.

About the buyer

Contact name

Ade Bakare

Address

City Hall
College Green
Bristol
BS1 5TR
England

Email

ade.bakare@bristol.gov.uk

Website

https://www.bristol.gov.uk/