Published date: 15 June 2023
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Financial consultancy, financial transaction processing and clearing-house services - 66170000
Market and economic research; polling and statistics - 79300000
Location of contract
Any region
Value of contract
£80,000 to £100,000
Procurement reference
tender_357239/1224952
Published date
15 June 2023
Closing date
17 April 2023
Closing time
11am
Contract start date
14 June 2023
Contract end date
31 March 2025
Contract type
Service contract
Procedure type
Competitive quotation (below threshold)
The buyer selects a group of potential suppliers to invite to tender.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION *****
This procurement is being concluded following a competitive procurement exercise.
Brief Description of Requirement
The Department uses credit bureau analysis to promote Government understanding of businesses' (and especially SMEs') ability to cope with the impact of the pandemic, post-EU exit adjustment, and inflationary and interest rate pressures, etc. to help shape the Department's priorities and inform current and future policies. As well as the Department for Business and Trade, other customers for the project include HMT, Cabinet Office (CO), DCMS, DEFRA and DfE.
The findings and analysis will be used in Cross-Whitehall monitoring work on preparedness and economic surveillance coordinated by the Cabinet Office, the SoS's Business Finance Council as well as the Department's/BBB's workstreams responding to the economic and financial situation of SMEs and promoting economic recovery. HMT and CO also use Experian data; the on-boarding of a leading UK expert in credit bureau data will make the Department's analysis more influential and impactful. Any reports produced by the successful bidder will be in the ownership of the Department.
The findings will also be used in internal policy discussions such as with the Business Finance Assurance Board.
Award information
Awarded date
2 June 2023
Contract start date
14 June 2023
Contract end date
31 March 2025
Total value of contract
£94,400
This contract was awarded to 1 supplier.
RH INITIATIVES LTD
Address
23 Princedale Rd, London, W11 4NW
Reference
No reference - other
Supplier is SME?
Yes
Supplier is VCSE?
No
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Closing: 17 April 2023, 11am
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