Finance Provider and Dealership Audit Service Tender

Concepts

• auditing services
• manchester
• financial support scheme
• monitoring service
• finance provider
• vehicle finance framework of fca
• provision of auditing
• asset finance industry
• dealership audit service
• establishment of the service

Location

United Kingdom:

Description

TfGM is looking to establish a contract for the appointment of an organisation with experience in the asset finance industry to provide an Auditing and Monitoring service to support the Financial Support Scheme (FSS). This service will be for the provision of auditing and monitoring services across the Financiers appointed to the Framework and also the Dealerships accredited to the Financial Support Scheme. It will support the operational management of the Financial Support Scheme through the provision of “second line” assurance over the distribution of funds through both grant monies and preferential finance.

Total Quantity or Scope

Since 2010, the UK has been in breach of the legal limits of levels of Nitrogen Dioxide (NO2) in major urban areas. The 2008 Ambient Air Quality Directive (2008/50/EC) set legally binding limits for concentrations of major air pollutants that affect human health, including NO2 and particulates. The Air Quality Standards Regulations 2010 transposed the 2008 Directive into English law and requires the Secretary of State to draw up and implement a national air quality plan to achieve the relevant limit within the ‘shortest possible time’ One of the measures that has been put into place is the setting up of a Financial Support Scheme which has been created and will provide financial assistance for taxis and commercial vehicle’s encompassing LGV’s & HGV’s which will be delivered through two procured mechanisms: • a Financial Support Scheme(“FSS”) providing a digital upfront platform for automated eligibility checking of both Applicants and vehicles and grant payments to Applicants who choose this funding option. This platform will also manage the network of dealerships who will be accredited to the Financial Support Scheme and the monitoring and draw down of funds. • a Vehicle Finance Framework of FCA accredited Financiers who will be able to offer preferential vehicle finance loans to Applicants due to the interest element being paid directly by TfGM to the Financier. These two services have been procured separately as integral elements delivering the overall customer journey requiring defined interfaces to manage the customer experience. … The establishment of the service is required during early 2022 to enable a full mobilisation prior to the commencement of an agreed quarterly auditing cycle and the first auditing cycle will be undertaken 3 months post Go-Live of the Financial Support Scheme.

Renewal Options

The Authority may extend this agreement beyond the Initial 24 month Term by a further period or periods of up to 1 year (each such extension together with any such extensions, being the "Extension Period"). If the Authority wishes to extend this agreement, it shall give the Supplier at least 3 months' written notice of such intention before the expiry of the Initial Term or Extension Period. TfGM also has the right to terminate the agreement by issuing written notice to the Supplier where the TfGM Scheme Funding ceases.

CPV Codes

• 79212000 - Auditing services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Additional information and visibility of Invitation to Tender documentation is via http://procontract.due-north.com/ register and the opportunity is entitled ‘Finance Provider and Dealership Audit Service Tender'’, • Please note the return date and time in IV2.2 is the final date for submission of the completed Invitation to Tender, • This Procurement process will be conducted through the ProContract e-tendering portal and any submission made outside of this portal will be disqualified, • All communications, including tender submission must be written in English and priced in pounds sterling, • Nothing in this procurement process is intended to form any express or implied contractual relationship between parties unless and until the award of a contract is concluded, • Any contract entered into as a result of this procurement will be considered to be a contract governed by English Law and subject to the exclusive jurisdiction of the Courts of England and Wales, • TfGM is not liable for any costs, fees or expenses (including third party costs, fees or expenses) incurred by those expressing an interest in, negotiating or tendering for this contract opportunity, • TfGM reserves the right to terminate this procurement process or to amend or vary the process at any time prior to the conclusion of the award of contract without liability to any party, • Applicants are advised that the most economically advantageous tender or any tender will not automatically be