Published date: 27 September 2021

Last edited date: 13 October 2021

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: 29 October 2021, 12pm

Contract summary

Industry

  • Auditing services - 79212000

Location of contract

England

Value of contract

£400,000

Procurement reference

GMPTE001-DN571223-46861880

Published date

27 September 2021

Closing date

29 October 2021

Closing time

12pm

Contract start date

13 December 2021

Contract end date

12 December 2023

Contract type

Service contract

Procedure type

Other: Contracts Finder and FTS

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Since 2010, the UK has been in breach of the legal limits of levels of Nitrogen Dioxide (NO2) in major urban areas. The 2008 Ambient Air Quality Directive (2008/50/EC) set legally binding limits for concentrations of major air pollutants that affect human health, including NO2 and particulates.

The Air Quality Standards Regulations 2010 transposed the 2008 Directive into English law and requires the Secretary of State to draw up and implement a national air quality plan to achieve the relevant limit within the 'shortest possible time'

One of the measures that has been put into place is the setting up of a Financial Support Scheme which has been created and will provide financial assistance for taxis and commercial vehicle's encompassing LGV's & HGV's which will be delivered through two
procured mechanisms:

• a Financial Support Scheme("FSS") providing a digital upfront platform for automated eligibility checking of both Applicants and vehicles and grant payments to Applicants who choose this funding option. This platform will also manage the network of dealerships who will be accredited to the Financial Support Scheme and the monitoring and draw down of
funds.

• a Vehicle Finance Framework of FCA accredited Financiers who will be able to offer preferential vehicle finance loans to Applicants due to the interest element being paid directly by TfGM to the Financier. These two services have been procured separately as integral elements delivering the overall customer journey requiring defined interfaces to
manage the customer experience.

TfGM is looking to establish a contract for the appointment of an organisation with experience in the asset finance industry to provide an Auditing and Monitoring service to support the Financial Support Scheme (FSS).

This service will be for the provision of auditing and monitoring services across the Financiers appointed to the Framework and also the Dealerships accredited to the Financial Support Scheme. It will support the operational management of the Financial Support Scheme through the provision of "second line" assurance over the distribution of funds through both grant monies and preferential finance.

The Authority may extend this agreement by a further period or periods of up to 1 year. TfGM also has the right to terminate the agreement by issuing written notice to the Supplier where the TfGM Scheme Funding ceases.

Additional information and visibility of Invitation to Tender documentation is via http://procontract.due-north.com/ register and the opportunity is entitled 'Finance Provider and Dealership Audit Service Tender'',

Additional information can be obtained from the above-mentioned address

Tenders or requests to participate must be submitted electronically via http://procontract.due-north.com/register

More information

Previous notice about this procurement

Finance Provider and Dealership Audit Service Tender

  • Opportunity
  • Published 27 September 2021

Additional text

Contract notice
FTS submission
Submission date: 27/09/2021
Document number: 2021-000039
Submission ID: 20210927-000006
Submission status: Published

Publication status: Published - 27/09/2021 10:38:38

Publication number: 2021/S 000-023908

About the buyer

Contact name

Peter O'Driscoll

Address

2 Piccadilly Place
Manchester
M1 3BG
United Kingdom

Email

peter.odriscoll@tfgm.com

Website

http://www.tfgm.com