AWARD OUTCOME
What happened
British Business Bank awarded a direct, below-threshold project-management services contract for its Sheffield office relocation to SAVILLS (UK) LIMITED. The contract record states it was signed on 6 October 2026 and runs from 12 October 2026 to 15 November 2027.
Published outcomeOne active award and one active contract are recorded for SAVILLS (UK) LIMITED.
Market significanceThe published gross contract value is £155,520 (£129,600 excluding VAT). The procurement was undertaken without competition under the Bank's stated Standing Financial Instructions.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
SAVILLS (UK) LIMITED
100% confidenceAward 1 · Lots 1 · £155,520 gross; £129,600 excluding VAT GBP · Active award; active contract
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Award 1 names Savills (UK) Limited as sole supplier. Verified supplier identity is SAVILLS (UK) LIMITED (company number 02605138). The single contract linked to Award 1 has gross value 155520 and net value 129600 GBP.
LIFECYCLE
Award or contract stage
Notice type
100% confidenceContract details notice on Find a Tender
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Document 098219-2026 is described as a Contract details notice on Find a Tender.
Procurement status
100% confidenceComplete
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Tender status is recorded as complete.
Award status
100% confidenceActive
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Award 1 status is active.
Contract status
100% confidenceActive
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Contract 1 status is active.
Contract signature
100% confidenceSigned on 6 October 2026
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Contract 1 records dateSigned as 2026-10-06.
Contract period
100% confidence12 October 2026 to 15 November 2027
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Contract 1 period records startDate 2026-10-12 and endDate 2027-11-15.
VALUES
Published values explained
Contract value excluding VAT
100% confidence£129,600
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Contract 1 value.amount is 129600 GBP.
Contract value including VAT
100% confidence£155,520
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Contract 1 value.amountGross is 155520 GBP.
Value allocation
98% confidenceSingle contract linked to Award 1
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Contract 1 is linked to awardID 1, which names one supplier and relates to Lot 1.
TIMELINE
Procurement timeline
Contract signed
100% confidence6 October 2026
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Contract 1 dateSigned is 2026-10-06.
Contract start
100% confidence12 October 2026
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Contract 1 period.startDate is 2026-10-12.
Notice published
100% confidence16 October 2026
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Document 098219-2026 datePublished is 2026-10-16.
Contract end
100% confidence15 November 2027
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Contract 1 period.endDate is 2027-11-15.
SCOPE
What was awarded
Requirement
100% confidenceProject management services supporting the Sheffield office relocation
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The notice description states that project management services are required to support the Bank's Sheffield Office relocation.
Main procurement category
100% confidenceServices
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Award 1 mainProcurementCategory is services.
Classification
100% confidenceCPV 98392000 — Relocation services
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Award item 1 includes CPV 98392000, described as Relocation services.
Lot structure
100% confidenceOne lot (Lot 1)
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Tender data contains Lot 1 only; Award 1 relates to Lot 1.
Delivery geography
90% confidenceUnited Kingdom
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Award item delivery address is recorded at UK level.
PROCEDURE
Procedure and competition
Procurement method
100% confidenceDirect
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Tender procurementMethod is direct.
Procedure detail
100% confidenceBelow threshold - without competition
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Tender procurementMethodDetails states Below threshold - without competition.
Legal basis
100% confidenceProcurement Act 2023
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Tender legalBasis is UKPGA 2023/54.
Competition information
100% confidenceNo competition was conducted
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The published procedure detail explicitly states without competition.
Bid and evaluation information
100% confidenceInformation not supplied in the published notice
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No bidder count, tender prices, evaluation scores or award rationale is provided.
CONTRACT TERMS
Published contract terms
Contract term
98% confidenceApproximately 13 months and 4 days
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The stated period runs from 12 October 2026 to 15 November 2027.
VAT treatment
100% confidenceBoth net and gross values published
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Contract value provides amount of £129,600 and amountGross of £155,520.
Above-threshold status
100% confidenceNo
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Contract 1 aboveThreshold is false.
Extension or option terms
100% confidenceInformation not supplied in the published notice
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No extension, option or renewal provisions are recorded.
COMMERCIAL VIEW
Commercial observations
Route to market
100% confidenceDirect below-threshold engagement without competition
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The procurement is recorded as direct and below threshold - without competition.
Requirement profile
98% confidenceSpecialist project-management support connected with an office relocation
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The description specifies project management services for the Sheffield office relocation.
Published commercial scale
100% confidence£129,600 excluding VAT over the stated term
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Contract 1 amount is £129,600 GBP and its period runs from 12 October 2026 to 15 November 2027.
DATA QUALITY
Gaps and source limitations
Supplier identity quality
100% confidenceVerified
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The supplier verification workflow reports an exact-name match to SAVILLS (UK) LIMITED, company number 02605138.
Contract evidence quality
98% confidenceHigh
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The published contract record provides an active status, signature date, start and end dates, and net and gross values.
Lot detail limitation
100% confidenceLot 1 has no published title, description or separate lot value
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Lot 1 is present but its title, description and value fields are null.
Competition detail limitation
100% confidenceInformation not supplied in the published notice
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No bid count, supplier selection rationale, evaluation methodology or scoring is included.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Information not supplied in the published notice: award decision date, bid count, competing suppliers, evaluation criteria, scores, selection rationale and pricing breakdown.
- Lot 1 has no published title, description or individual value.
- No extension, option or renewal terms are published; future procurement timing is unknown.
- Delivery is published only at United Kingdom level, rather than a specific service location.
MARKET THEMES
Relevant award themes
British Business BankSAVILLS (UK) LIMITEDSheffield office relocationproject management servicesrelocation servicesdirect procurementFind a Tender
COMMON QUESTIONS
About this award
Who received the British Business Bank Sheffield office relocation project management contract?
SAVILLS (UK) LIMITED received the active award and contract. The source notice names Savills (UK) Limited; supplier verification identifies the legal company as SAVILLS (UK) LIMITED.
What is the value of the contract?
The published contract value is £129,600 excluding VAT and £155,520 including VAT.
When does the contract run?
The published contract period is 12 October 2026 to 15 November 2027. It was signed on 6 October 2026.
Was the procurement competed?
No. The notice records a direct, below-threshold procurement without competition.
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.