Published date: 13 April 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 27 February 2023, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Administration, defence and social security services - 75000000

  • Business services: law, marketing, consulting, recruitment, printing and security - 79000000

Location of contract

East Midlands

Value of contract

£250,000

Procurement reference

TD1925

Published date

13 April 2023

Closing date

27 February 2023

Closing time

12pm

Contract start date

14 April 2023

Contract end date

13 April 2026

Contract type

Service contract

Procedure type

Open procedure (above threshold)

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

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

The requirement is to undertake Due Diligence, primarily for companies accessing Derby Enterprise Growth Fund and Ascend but also available to the Council more widely. Services will include the undertaking of Due Diligence exercises and provision of reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended. Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant Contract is due to commence on the 14th April 2023 and expire on 13th April 2026. There is an option to extend for a further 2 years in annual increments. The value of £250,000 is based on the full 5 years. Please note, suppliers wishing to express interest and obtain the documentation, must do so by 15:00 on 26th February 2023. It is recommended that you express interest and obtain the documentation well before this time to allow sufficient time to prepare and submit a comprehensive response. The deadline for returns is 12:00 on 27th February 2023 Please visit the Council's e-tendering system https://www.eastmidstenders.org where you can express interest and obtain the documents, (please note we will only accept expressions of interest through the e-tendering system. Please search for TD1925

More information

Previous notice about this procurement

TD1925 - Due Diligence Services

  • Opportunity
  • Published 23 January 2023, last edited 23 January 2023

Award information

Awarded date

11 April 2023

Contract start date

14 April 2023

Contract end date

13 April 2028

Total value of contract

£250,000

This contract was awarded to 1 supplier.

Inventya Ltd

Address

520 Birchwood Boulevard
Birchwood
Warrington
Cheshire
WA3 7QX

Reference

Companies House number: 07144394

Supplier is SME?

Yes

Supplier is VCSE?

No

Additional details

2 X 12 MONTH EXTENSIONS

About the buyer

Address

Corporation Street
Derby
DE12FS
England

Telephone

01332 640768

Email

Procurement@derby.gov.uk