AWARD OUTCOME
What happened
British Business Bank PLC awarded an Impact Model Review to the unverified source-named supplier Government Actuarys Dept. The notice records a £60,000 award for financial consultancy services, using a below-threshold single tender action.
Published outcomeOne active award is recorded, with a stated contract period from 20 April 2026 to 1 June 2026. The published record is an award notice; it does not explicitly confirm contract signature.
Market significanceThis is a small, short-duration direct award in financial consultancy services, with no competitive bidding or evaluation information published.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
Government Actuarys Dept
93% confidenceAward ocds-b5fd17-8625d57d-e768-4d55-bf51-4ee4dd5a5216-1 · 60000 GBP · active
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The sole award names 'Government Actuarys Dept' as supplier and states an award value of £60,000. Supplier identity status is checked_unmatched.
LIFECYCLE
Award or contract stage
Notice status
99% confidenceAwarded; source status complete
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Process display_status is 'awarded', source_status is 'complete', and the notice type is 'Awarded contract notice on Contracts Finder'.
Award status
99% confidenceActive
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Award ocds-b5fd17-8625d57d-e768-4d55-bf51-4ee4dd5a5216-1 has status 'active'.
Award decision date
98% confidence19 April 2026
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The award date is 2026-04-19T00:00:00+01:00.
Notice publication date
99% confidence19 October 2026
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The award notice document and process published_at are dated 2026-10-19T08:12:07+01:00.
Contract signature
97% confidenceNot explicitly stated
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The supplied award notice records an active award and contract period but provides no signature or conclusion field.
VALUES
Published values explained
Award value
99% confidence£60,000
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The sole award value is amount 60000, currency GBP.
Value allocation
95% confidenceAllocated to the sole published award
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Only one award is supplied, with one listed supplier and an award value of £60,000.
TIMELINE
Procurement timeline
Tender deadline
98% confidence19 April 2026
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Tender period endDate and submission_deadline are 2026-04-19T00:00:00+01:00.
Award date
98% confidence19 April 2026
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The award date is 2026-04-19T00:00:00+01:00.
Stated contract start
98% confidence20 April 2026
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The contractPeriod startDate is 2026-04-20T00:00:00+01:00.
Stated contract end
98% confidence1 June 2026
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The contractPeriod endDate is 2026-06-01T23:59:59+01:00.
Award notice published
99% confidence19 October 2026
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The award notice was published at 2026-10-19T08:12:07+01:00.
SCOPE
What was awarded
Requirement
99% confidenceImpact Model Review
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The process and tender title and description are 'Impact Model Review'.
Category
99% confidenceServices
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The main procurement category is services.
CPV classification
99% confidence66171000 — Financial consultancy services
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The primary classification is CPV 66171000, described as Financial consultancy services.
Delivery geography
98% confidenceUnited Kingdom
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The tender item delivery address names the United Kingdom.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceDirect
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The tender procurementMethod is 'direct'.
Procedure detail
99% confidenceSingle tender action (below threshold)
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The tender procurementMethodDetails states 'Single tender action (below threshold)'.
Competition information
98% confidenceNot published
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No bidder count, competing suppliers, evaluation scores or award rationale is supplied in the notice data.
CONTRACT TERMS
Published contract terms
Stated contract period
98% confidence20 April 2026 to 1 June 2026
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The award and tender contractPeriod give these start and end dates.
Stated duration
94% confidenceApproximately six weeks
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Calculated from the stated period of 20 April 2026 through 1 June 2026.
Extension or renewal terms
98% confidenceNot published
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No extension or renewal provisions are supplied in the notice data.
COMMERCIAL VIEW
Commercial observations
Commercial structure
96% confidenceA £60,000 direct, below-threshold single tender action for a defined impact-model review.
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The notice states a £60,000 award, direct procurement method, below-threshold single tender action, and the title 'Impact Model Review'.
Publication timing
99% confidenceThe award notice was published after the stated contract end date.
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The stated contract end is 1 June 2026, while notice publication is 19 October 2026.
DATA QUALITY
Gaps and source limitations
Supplier identity limitation
99% confidenceThe supplier name is unverified
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The supplier verification result is checked_unmatched; no verified company name or company number is supplied.
Notice timing inconsistency risk
99% confidenceThe notice publication date is later than the stated contract end date
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Publication is 19 October 2026; stated end is 1 June 2026. The source does not explain this sequence.
Unpublished award detail
98% confidenceInformation not supplied in the published notice: bid count, evaluation, award rationale, pricing breakdown, lot allocation and signature confirmation.
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These fields are absent from the supplied record.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The source-listed supplier, Government Actuarys Dept, is checked_unmatched in the completed Companies House matching workflow. No verified legal company identity or company number is supplied.
- The award notice was published on 19 October 2026, after the stated contract end date of 1 June 2026; the source provides no explanation.
- The notice does not explicitly state that a contract was signed or concluded.
- Information not supplied in the published notice includes bidder numbers, evaluation results, award rationale, pricing breakdown, detailed deliverables, lot allocation, and extension or renewal provisions.
MARKET THEMES
Relevant award themes
British Business Bank PLCImpact Model Reviewfinancial consultancy servicesGovernment Actuarys Deptdirect awardsingle tender action£60,000
COMMON QUESTIONS
About this award
Who was awarded the Impact Model Review contract?
The award notice lists Government Actuarys Dept. Its supplier identity is unverified because the completed Companies House matching workflow found no safe match.
What is the value of the award?
The published award value is £60,000.
What procurement procedure was used?
The notice states a direct, below-threshold single tender action.
What was the stated contract period?
The notice gives 20 April 2026 to 1 June 2026. It does not explicitly confirm contract signature.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.