Tender Details

Country: United Kingdom
Summary: Vtn - Direct Award - not Open - Contract for Potentially Fraudulent Covid Loan Application Investigation (Open Cases)
GBT Ref No: 111556315
Deadline: 07 Jan 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: GBP 45000000
Notice Type: Tender
Document Ref. No.: PR_4588
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Description:
Following a Request for Proposal, Submission, Review and Negotiation DBT intends to direct award a contract to NATIS (The National Investigation Service) to continue to deliver an enforcement function for DBT in relation to Bounce Back Loans. During the Covid-19 pandemic, DBT (formerly BEIS) guaranteed ~£46bn through the Bounce Back Loan Scheme (BBLS) via the British Business Bank. Ministers are keen to see action taken to recover the fraudulently taken loans.

Natis currently provide the service and DBT is looking to award a new contract from expiry of the current one 31st March 2025 to NATIS to ensure continuation of the services in respect of cases which are already open. This contract will not include submitting new cases to NATIS. Options in respect of new cases or cases where investigations have not yet begun are being considered by DBT. The requirement covered by the new contract will be for 3 further years activity (plus 3 options of 6 month consecutive extensions).

There are 169 open cases, some of which include Serious Organised Crime (SOC). DBT requires NATIS to continue with the existing caseload and recover funds that have been fraudulently obtained in the BBLS.

This procurement is for a contract to cover a three-year service provision (plus 3 options of 6 month consecutive extensions) for continuation of investigations into cases already opened (169) of potentially fraudulent COVID loan applications.

The service provided by NATIS...
Documents:

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Vtn - Direct Award - not Open - Contract for Potentially Fraudulent Covid Loan Application Investigation (Open Cases) - Greatbritain Tender

The DEPARTMENT FOR BUSINESS AND TRADE, a Government sector organization in United Kingdom, has announced a new tender for Vtn - Direct Award - not Open - Contract for Potentially Fraudulent Covid Loan Application Investigation (Open Cases). This tender is published on GreatbritainTenders under GBT Ref No: 111556315 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-01-07.

The estimated tender value is GBP 45000000, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.