British Business Bank Plc has published this notice through Delta eSourcing
| Notice Summary |
|---|
| Title: | GB-Sheffield: Covid Scheme Lender Audit & Assurance |
| Notice type: | Competitive Contract Award Notice |
| Authority: | British Business Bank Plc |
| Nature of contract: | Not applicable |
| Procedure: | Not applicable |
| Short Description: | |
| Published: | 03/06/2024 16:11 |
View Full Notice
1. Title: GB-Sheffield: Covid Scheme Lender Audit & Assurance
2. Awarding Authority:
British Business Bank
Steel City House, West Street, Sheffield, S1 2GQ, United Kingdom
Tel. +44114 2127877, Email: procurement@british-business-bank.co.uk, URL: www.british-business-bank.co.uk
Contact: Procurement, Attn: Procurement
3. Contract Type: Services
Sub Type: Accounting,auditing and book-keeping services.
4. Description: Auditing services. British Business Financial Services Ltd (BBFS Ltd), an owned subsidiary of BBB, manage the debt schemes on behalf of the Secretary of State for DBT. BBB sets the policy for the schemes, manages performance, sets Annual Lending Limits for individual Lenders, manages day-to-day operations and monitors each Lender’s use of the schemes. BBB works with accredited Lenders to manage scheme performance and to raise awareness of the schemes.
Auditors are required, through the Delivery Partner (DP) Assurance Programme, to provide assurance to BBB that the participating Lender is correctly and effectively administering the scheme in line with the guarantee agreements and, where applicable, the side letters and Lending Limit Letters. In addition, the auditors oversee corrective action plans implemented (where required) by the Lender and provide BBB with Management Information to support BBB’s supervision of the schemes.
The Lender Assurance and Insights (LA&I) team, within the Small Business Lending function, administers the Assurance Programme. The Lender Audit and Assurance Forum (LAAF) oversees this activity, reporting to the Lender Performance Strategic Committee (LPSC) and Investment Committee (IC), as required.
5. CPV Codes:
79212000 - Auditing services.
6. NUTS Codes :
UK - UNITED KINGDOM
7. Main Site or Location of Works, Main Place of Delivery or Main Place of Performance: UNITED KINGDOM,
8. Reference Attributed by the Awarding Authority: SUL - P-1949
9. Awarded to:
KPMG LLP
National ID: OC301540, 15 Canada Square, , London , E14 5GL , United Kingdom
Tel. 02073111000
Attn: Director
Value Cost: 6,932,400
Is Awardee likely to subcontract?: No Awarded to SME?: No
Ernst & Young LLP
National ID: OC300001, 1 More London Place, London, SE1 2AF, United Kingdom
Tel. 02079512000
Attn: Senior Manager
Value Cost: 4,438,800
Is Awardee likely to subcontract?: No Awarded to SME?: No
RSM UK Risk Assurance Services LLP
National ID: OC389499, 6th Floor, , 25 Farringdon Street, , London , EC4A 4AB, United Kingdom
Tel. 02032018000
Attn: Engagement Director and Contract Manager
Value Cost: 4,438,800
Is Awardee likely to subcontract?: No Awarded to SME?: No
10. Date of Contract Award: 15/12/2023
11. Number of Tenders Received: 6
12. Other Information:
Other Information: This Procurement was done via competition using the CCS RM6188 A&AS Framework Lot 2 – External audit
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=850647567
TKR-202463-PRO-26411354
Suitable for VCO: No
Period of Work Start date: 01/04/2024
Period of Work End date: 31/03/2028