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Awarded United Kingdom Services

GB-Sheffield: Covid Scheme Lender Audit & Assurance

Reference ocds-b5fd17-dc3d230f-fa97-4a24-bc33-8f73f8d1257a · British Business Bank

Awarded to RSM UK Risk Assurance Services LLP and 2 others. Estimated value: £4,438,800.

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Amounts and figures

£4,438,800
Estimated value

Description

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) an…

Awards

Awarded toAmountDate
RSM UK Risk Assurance Services LLP £4,438,800 15 December 2023
KPMG LLP — 15 December 2023
Ernst & Young LLP — 15 December 2023

Official publications

MediumReferenceDate
FTS 81ddae55-9f8a-47f2-980b-0a7ea6c0ad49-756178 3 June 2024
Contracts Finder 81ddae55-9f8a-47f2-980b-0a7ea6c0ad49-756178 3 June 2024

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Frequently asked questions

What is the deadline to bid for this tender?
The submission deadline is 15 December 2023. Check the official source, as dates can be modified.
What is the estimated value of this tender?
The estimated value published by the buyer is £4,438,800.
Who is the buyer of this tender?
The contracting authority is British Business Bank (United Kingdom).
How can I bid for public tenders in the United Kingdom?
Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.

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Data collected from official public procurement sources. Amounts as published by the buyer.