Development of Social Impact Bond Scheme – London

Development of Social Impact Bond Scheme – London

Developing a Social Impact Bond scheme to support adults with disabilities into employment.

Opportunity Id
DN121785
Title
AHS5032 Developing a Social Impact Bond scheme to support adults with disabilities into employment
Categories
85000000-9 – Health and social work services
Description
The London Borough of Tower Hamlets (LBTH) is seeking expressions of interest from interested organisations for the above services and / or goods. Description: The Council has been awarded funding by the Big Lottery Fund’s Commissioning for Better Outcomes scheme to develop a social impact bond scheme supporting adults with a disability into employment. Social impact bonds are a relatively new way of funding services. Finance from social investors is used to fund the setup of preventative early intervention services which are then commissioned on a ‘payment by outcomes’ basis. The nature of these schemes means that specialist support is needed in their development, including knowledge of the social investment market, specifying outcomes, and structuring social investment schemes. We are therefore intending to purchase specialist support for the development of the scheme. The anticipated contract start date is: Tuesday, 29 March 2016 The estimated value of the contract is: £75,000 Total Cost For a period of: 3 months Organisations wishing to express their interest are requested to register on the London Tenders Portal (www.londontenders.org) where the tender documentation will be available for download. You may be required to complete a Pre-Qualification Questionnaire (PQQ). Organisations must ensure that access to the system is available to their representatives dealing with the contract. The council will not be liable for the lack of delegated access within the organisation and will not send any documentation regarding the contract, which shall be exclusively available through the portal. Tenderers are responsible for allowing sufficient time to submit their ITT/PQQ. The Council accepts no liability whatsoever for ITT/PQQs that are not submitted due to internet connectivity issues, transmission delays or errors. Deadline for expression of interest and / or return of quotation is: Monday, 21 March 2016 12 noon LBTH is an Equal Opportunities Employer and a supporter of Ethical Governance, our protocol can be found here along with Guidance to Suppliers and Providers. Or via: http://www.towerhamlets.gov.uk/ LBTH does not undertake to invite all applicants or bind itself to accept the lowest or any Tender. LBTH will not be liable for any costs incurred in tendering for this contract. If you require any further information please contact: Procurement at: procurement@towerhamlets.gov.uk
Region(s) of supply
Inner London – East
Estimated value
£75,000.00
Keywords
social impact bond

Key dates

Estimated contract dates

Start date
04/06/2016
End date
04/09/2016

Expression of interest window

From 29/02/2016 15:19 to 21/03/2016 12:00

Express an interest online

Contact details

Buyer
Tower Hamlets
Contact
Jay Bains
Telephone
020 7364 4015
Address
Mulberry Place
London
Greater London
E14 2BG

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