Financial and insurance services

Tender description

The Contracting Authority established a single supplier national Framework to enable it and other named Contracting Bodies to help them manage and prevent debt arising from all operational areas in order to minimise the value lost through bad debt. Secondly, the establishment of a Joint Venture with the Contracting Authority, with the Joint Venture providing services back to the successful Supplier. The successful supplier can demonstrate not only effective debt management and strategies, operations and techniques but that they can achieve whilst deploying the highest ethical standards. Also a requirement to create a Joint Venture (‘JV’) with the Contracting Authority (‘CA’) to which all work won under this framework shall be sub-contracted. The JV will take the form of a corporate vehicle (company, limited partnership or limited liability partnership the form and nature to be agreed post-award). Through the JV the successful bidder is required to work with the CA's Business Intelligence team exploiting existing analytical models and techniques to reduce the probability of debt arising in the first place and to fulfil any other financial, commercial, and social objectives that may be determined.