Finance and Leasing DPS
Introduction
The Finance and Leasing Dynamic Purchasing System (DPS), managed by the North East Procurement Organisation (NEPO) through a special partnership with The Procurement Partnership Limited (TPPL), provides a flexible procurement route for acquiring financial services. This DPS is operational until 18 August 2026 and is designed to streamline the process of sourcing top-tier suppliers for various financial requirements, specifically tailored for the needs of public sector organisations. As a DPS, it offers an open and adaptable approach, allowing for applications throughout its duration, thus ensuring that buyers have access to a continually refreshed pool of suppliers.
Context & Use Case
The Finance and Leasing DPS caters to the diverse financial service needs of public sector bodies, including local authorities and other government agencies. Contracting authorities employ this system to efficiently procure financial services such as operating leases, finance leases, and loans for an array of assets. The DPS is particularly beneficial in scenarios where organisations need to secure fleet and accident management services, offering a structured yet flexible procurement route. The system's dynamic nature ensures that it remains responsive to the evolving demands of public sector finance and leasing requirements, promoting competitive pricing and enhanced service delivery.
Scope of Services
1. Operating Leases: Allowing organisations to use assets without owning them, typically for vehicles and equipment. 2. Finance Leases: Providing long-term financing options for purchasing assets, where the lessee has the option to acquire the asset at the end of the term. 3. Loans: Offering financial products to support various asset acquisitions, tailored to the specific needs of public sector entities. 4. Fleet Management: Comprehensive management services for vehicle fleets, ensuring operational efficiency and cost-effectiveness. 5. Accident Management: Services designed to handle and mitigate the impact of accidents on public sector fleets, including claims handling and repair management.
Who Can Apply
The DPS is open to a wide array of financial service providers who can deliver the services outlined in its scope. This includes traditional financial institutions, leasing companies, and specialist fleet management firms. The system's flexibility allows new suppliers to apply and join at any time during its operational period, ensuring that the pool of suppliers remains competitive and diverse. Suppliers seeking to join should demonstrate their capability to meet the specific needs of public sector clients in the financial services arena.
Buyer Benefits
Public sector buyers leverage the Finance and Leasing DPS for several strategic advantages. It affords compliance with procurement regulations, ensuring that all services procured are within the legal framework set forth by public procurement laws. The DPS also facilitates a quicker route to market, enabling authorities to access necessary services without the delay often associated with traditional tendering processes. Furthermore, the competitive nature of the DPS encourages suppliers to offer their most advantageous terms, ultimately benefiting the public sector through cost savings and improved service quality.
Lots
Not applicable
Next Steps
Suppliers interested in participating should thoroughly review the detailed requirements and criteria outlined by NEPO and TPPL. Engaging directly with the contracting authority will provide further clarity on specific compliance and qualification standards necessary for successful application. As the DPS remains open, suppliers have ongoing opportunities to refine their service offerings and align them with the evolving needs of public sector organisations.
How Biddable Can Help
Biddable assists suppliers by offering insights and guidance throughout the discovery and preparation stages of engaging with public sector frameworks like the Finance and Leasing DPS. By maintaining visibility into procurement pipelines and requirements, Biddable ensures that suppliers are well-positioned to respond effectively to opportunities as they arise, supporting strategic decision-making and enhancing success in public sector procurement.