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
Telephone
+44 7940519544
Country
United Kingdom
NUTS code
UKI42 - Tower Hamlets
Internet address(es)
Main address
Buyer's address
https://fair4allfinance.org.uk/invitations-to-tender/
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://fair4allfinance.org.uk/invitations-to-tender/
Additional information can be obtained from the above-mentioned address
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
Lender Process Optimisation and Anti-fraud Support
two.1.2) Main CPV code
- 79212400 - Fraud audit services
two.1.3) Type of contract
Services
two.1.4) Short description
Fair4All Finance is seeking a provider to deliver anti-fraud product design and delivery support and lender process optimisation support.
Fair4All Finance is procuring anti-fraud and lender optimisation support services to enable us to appoint a partner(s) who can work with the personal lenders we invest in or appoint to deliver products or services on our behalf on an ad hoc basis and with an initial requirement focussed on a specific product pilot.
We welcome tenders covering both aspects of this work, but responses for a single element (anti-fraud or optimisation) will also be accepted.
Our requirement for this work arises out of our remit to improve the access to appropriate and affordable credit and related financial resilience products for people in vulnerable circumstances in England, and where we are working with the Devolved Administrations, across the UK.
Typically we work with lenders by making an investment (debt, equity or grant) into their operation to help them to grow and to serve more borrowers. We also develop and pilot new products and services. In both contexts we sometimes see the need to support lenders improve their operations or to enhance their approach to anti-fraud measures in their business.
Our immediate requirement for support relates to the pilot of a No Interest Loan Scheme (NILS) which we commenced a market engagement on targeting feedback from potential lenders, co-funders and referral partners in September 2021, ahead of formally procuring this scheme from 1 December 2021 with lending commencing in approximately September 2022 across six locations in England (three); Wales, Northern Ireland and Scotland.
NILS product development is already underway and we have a small scale proof of concept (PoC) also commencing delivery in December 2021 / January 2022.
two.1.5) Estimated total value
Value excluding VAT: £181,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
See tender 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
36
This contract is subject to renewal
Yes
Description of renewals
Annually dependent on requirements, detailed in the procurement documents.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
Any extension(s) will depend on the success of the NILS project. See the tender documents for further information.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement 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
21 January 2022
Local time
5:00pm
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
24 January 2022
Local time
9:00am
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
Fair4All Finance Limited
London
Country
United Kingdom