Section one: Contracting authority/entity
one.1) Name and addresses
British Business Bank
Steel City House, West Street
Sheffield
S1 2GQ
Contact
Leila Hodson
procurement@british-business-bank.co.uk
Telephone
+44 1142062131
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Transformational Support Services
two.1.2) Main CPV code
- 79400000 - Business and management consultancy and related services
two.1.3) Type of contract
Services
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
UNITED KINGDOM
two.2.4) Description of the procurement at the time of conclusion of the contract:
British Business Bank (BBB) have awarded a Contract to Oliver Wyman Ltd for the provision of Transformational Support Services across a term of 3 months. The services will cover areas such as: •Defining and market assessment/testing key elements of an investment strategy •Defining any required changes and assessing the various options available to BBB •Providing project management support throughout the transformation
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in days
45
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2023/S 000-026394
Section five. Award of contract/concession
Contract No
C2025
Title
Transformational Support Services
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
3 August 2023
five.2.2) Information about tenders
The contract/concession has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Oliver Wyman
1 Tower Place West, Tower Place
London
EC3R 5BU
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
02995605
The contractor/concessionaire is an SME
No
five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)
Total value of the procurement: £865,600
Section six. Complementary information
six.3) Additional information
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=816339406" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=816339406
GO Reference: GO-2023117-PRO-24358051
six.4) Procedures for review
six.4.1) Review body
British Business Bank
Steel City House, West Street
Sheffield
S1 2GQ
Country
United Kingdom
Section seven: Modifications to the contract/concession
seven.1) Description of the procurement after the modifications
seven.1.1) Main CPV code
- 79400000 - Business and management consultancy and related services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
Main site or place of performance
UNITED KINGDOM
seven.1.4) Description of the procurement:
British Business Bank (BBB) have awarded a Contract to Oliver Wyman Ltd for the provision of Transformational Support Services across a term of 3 months. This will incorporate areas such as: •Defining the strategy and assessing/testing the market •Defining the required changes and assessing the various options available •Providing project management support throughout any transformation period
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in days
45
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£865,600
seven.1.7) Name and address of the contractor/concessionaire
Oliver Wyman
1 Tower Place West,, Tower Place
London
EC3R 5BU
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
02995605
The contractor/concessionaire is an SME
No
seven.2) Information about modifications
seven.2.1) Description of the modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):
This ‘Phase 1’ work supported by Oliver Wyman (currently set to finish on 29th September) and leverage market momentum in order to further refine investors testing, further develop the BBB vision, and BBB proposals ahead of the Autumn Statement on 22nd November.
seven.2.2) Reasons for modification
Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee.
Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:
The Bank was given very little notice of the Chancellors intention to require the Bank to undertake this market engagement exercise with the private sector. The project needed to begin immediately after the Mansion House speech on the 10th of July, leaving us very little time to prepare to either up skill ourselves internally or complete a full procurement exercise. With less than a week until the work will need to begin, the only viable solution was for us to access external resource
seven.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)
Value excluding VAT: £299,600
Total contract value after the modifications
Value excluding VAT: £865,600