Published date: 7 November 2023

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 August 2023, 12am

Contract summary

Industry

  • Business and management consultancy and related services - 79400000

Location of contract

Any region

Value of contract

£566,000

Procurement reference

BIP816339406

Published date

7 November 2023

Closing date

4 August 2023

Closing time

12am

Contract start date

7 August 2023

Contract end date

6 November 2023

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Modification Notice
Original description: British Business Bank (BBB) have awarded a Contract to Oliver Wyman Ltd for the provision of Transformational Support Services across a term of 3 months. The services will cover areas such as: •Defining and market assessment/testing key elements of an investment strategy •Defining any required changes and assessing the various options available to BBB •Providing project management support throughout the transformation
Description of the modifications
This 'Phase 1' work supported by Oliver Wyman (currently set to finish on 29th September) and leverage market momentum in order to further refine investors testing, further develop the BBB vision, and BBB proposals ahead of the Autumn Statement on 22nd November.
Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:
The Bank was given very little notice of the Chancellors intention to require the Bank to undertake this market engagement exercise with the private sector. The project needed to begin immediately after the Mansion House speech on the 10th of July, leaving us very little time to prepare to either up skill ourselves internally or complete a full procurement exercise. With less than a week until the work will need to begin, the only viable solution was for us to access external resource

More information

Links

About the buyer

Address

Steel City House
West Street
Sheffield
S1 2GQ
UK

Telephone

+441142062131

Email

procurement@british-business-bank.co.uk