- Scope of the procurement
- Lot 1. Wales
- Lot 2 - Scotland
- Lot 3 - Northern Ireland
- Lot 4 - England - London (A)
- Lot 5 - England (Any location) (B)
- Lot 6 - England (Any location) (C)
- Lot 7 - All three English Locations (A-C) (should include London)
- Lot 8 - All geographic lots 1-6 covering all four locations and smaller loans delivered nationally
- Lot 9 - Future innovative affordable finance solutions
Section one: Contracting authority
one.1) Name and addresses
FAIR4ALL FINANCE LIMITED
2nd Floor 28 Commercial Street
London
E16LS
Contact
Gary Stephens
procurement@fair4allfinance.org.uk
Country
United Kingdom
NUTS code
UKI42 - Tower Hamlets
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://fair4allfinance.marketdojo.com/users/current_opportunities
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://fair4allfinance.marketdojo.com/users/current_opportunities
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Affordable financial services products: No Interest Loan Scheme (NILS) and innovative affordable finance solutions
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
We are seeking partners to co-design, pilot and then scale up innovative affordable finance products targeted at people in vulnerable circumstances.
The first pilot is a no interest loans scheme to be delivered in six locations across England, NI, Scotland and Wales.
The Treasury backed NILS pilot is an opportunity to improve credit provision for customers who don't currently have access to a fair credit option who are excluded from credit because of they cannot afford the interest and the principal, but could afford principal repayments; or who do not meet lending criteria for other reasons but where there is a societal benefit to lending to them responsibly.
Equivalent services have been in place internationally for a long time but no scaled provision exists in the UK.
We hope that the pilot results in a positive set of outcomes for customers, and also for the partners who help to deliver the programme. One of our objectives for the pilot is that it strengthens overall affordable credit provision in the UK. Bid opportunities are divided into geographic lots with options to bid for more than one lot or all lots.
We are also seeking partners to work with us on wider innovative product development initiatives leading to pilot implementation and scaled up delivery. This is covered in a separate lot, initially focussed on England, but with the option to be extended beyond. This may encompass the development, piloting and scaling of:
Solutions tackling problem debt
Solutions tackling appliance poverty
Insurance products specifically designed for low income households
Savings products and credit builder products
Alternative and fair versions of buy now, pay later (BNPL) lending
Revolving credit products or ethical overdraft products
Car financing and other products to enable economic livelihood to improve
Hire purchase or conditional sale products
Fair and accessible credit cards
Other lending products which may also be coupled with complementary products eg savings, credit builder products, insurance offerings and more.
Therefore, we are seeking partner organisations who share the vision of a credit market which can provide a fair and affordable option for all customers. Stringent tests are included in our procurement about bidders track record with the customers we are targeting and their commitment to delivering these contracts within the interests of the customer coming first.
The contracts are set up to be capable of being extended for a further 5 years after the initial development and piloting period and these extensions are dependent on our funding partners contributing beyond the initial term and would be entered into by mutual consent.
two.1.5) Estimated total value
Value excluding VAT: £90,000,000
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 1. Wales
Lot No
1
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKL - Wales
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2) Description
two.2.1) Title
Lot 2 - Scotland
Lot No
2
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKM - Scotland
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2) Description
two.2.1) Title
Lot 3 - Northern Ireland
Lot No
3
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKN - Northern Ireland
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 4 - England - London (A)
Lot No
4
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKI - London
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 5 - England (Any location) (B)
Lot No
5
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKJ - South East (England)
- UKK - South West (England)
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 6 - England (Any location) (C)
Lot No
6
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKJ - South East (England)
- UKK - South West (England)
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 7 - All three English Locations (A-C) (should include London)
Lot No
7
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 8 - All geographic lots 1-6 covering all four locations and smaller loans delivered nationally
Lot No
8
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
two.2) Description
two.2.1) Title
Lot 9 - Future innovative affordable finance solutions
Lot No
9
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
Please see details contained within the procurement documents.
two.2.4) Description of the procurement
Please see details contained within the procurement documents.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
108
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: Yes
Description of options
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
two.2.14) Additional information
Please see details contained within the procurement documents.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
Full information is contained within the tender documentation.
three.1.2) Economic and financial standing
List and brief description of selection criteria
See tender documents
Minimum level(s) of standards possibly required
See tender documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
three.2) Conditions related to the contract
three.2.1) Information about a particular profession
Execution of the service is reserved to a particular profession
three.2.2) Contract performance conditions
See tender documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
14 February 2022
Local time
1:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
15 February 2022
Local time
12:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
six.4) Procedures for review
six.4.1) Review body
Fair4All Finance Limited
London
Country
United Kingdom