Award

Cryptoasset Investigation Services

H M REVENUE & CUSTOMS

This public procurement record has 6 releases in its history.

AwardUpdate

12 Mar 2025 at 13:43

AwardUpdate

17 Oct 2024 at 11:13

Award

19 Apr 2024 at 10:16

TenderAmendment

25 Oct 2023 at 14:16

TenderAmendment

25 Oct 2023 at 09:49

Tender

20 Oct 2023 at 15:33

Summary of the contracting process

HM Revenue & Customs (HMRC) is launching a procurement process titled "Cryptoasset Investigation Services" within the "Analytical or scientific software package" industry category. This tender aims to investigate the future of cryptoasset investigation services and invites suppliers to provide an overview of current cryptoasset tools, ancillary services, and strategic market insights. The procurement process is open and falls under an open procedure (above threshold). It is situated in the United Kingdom with key deadlines like the closure of tender submissions at 3pm on 17 November 2023. The process will culminate in contract awards beginning on 1 February 2024, ending on 1 April 2025. HMRC aims to award two contracts for a total of 75 licences, with initial contracts lasting one year and an option to extend for an additional year. The maximum contract value is GBP 2,029,500. More in-depth details are available in the Invitation to Tender.

This tender presents significant opportunities for businesses in the software supply services and investigation and security services sectors. SMEs are particularly encouraged to apply. The expected contracts are likely to enable companies to expand their reach in the fast-evolving cryptoasset market, enhancing their capabilities and portfolio of services. Companies providing analytical software packages and investigatory tools stand to benefit greatly from this procurement, potentially securing a long-term relationship with HMRC. Businesses capable of adapting to emerging technologies will find themselves well-suited to compete, offering innovative solutions that can propel market growth and establish a foothold in government contracting.

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Notice Title

Cryptoasset Investigation Services

Notice Description

HMRC are considering the future of cryptoasset investigation services and would like to invite suppliers to provide an in-depth overview of the types of crypoassets and cryptoasset investigation tools & and ancillary services in the markets, as well as some strategic insight as to what this fast-growing market may evolve into as it matures. The procurement event has now launched and will remain open until the closing date of 3pm 17/11/2023, Please note that it is the intention HMRC to award two contracts, although HMRC retains the right to either award only one contract or no contract. Accessing a HMRC eSourcing Event Prior to being given access to an eSourcing Event: A Candidate/Tenderer will have to obtain an Ariba Supplier Network registration number. This can be accomplished by accessing the relevant HMRC registration home page via the following link: http://hmrc.supplier-eu.ariba.com/ad/register/SSOActions?type=full It is the intention of HMRC to award a contract for 55 licences and a second contract for 20 licences. Please refer to the Invitation to Tender for further information. It is the intention of HMRC to award both contracts for an initial period of 1 year with an option, exercisable by HMRC, to extend for a further year. There will also be an option, exercisable by HMRC, to increase the number of licences by no more than 10%, if this is required. The contract value shown is the maximum value for both contracts.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-02a1bae1-6aef-4290-b637-c4de464f39de
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a802d658-f778-4b3d-8145-819f6b991325
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

48461000 - Analytical or scientific software package

72268000 - Software supply services

79700000 - Investigation and security services

Notice Value(s)

Tender Value
£620,640 £500K-£1M
Lots Value
Not specified
Awards Value
£576,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 202511 months ago
Submission Deadline
17 Nov 2023Expired
Future Notice Date
Not specified
Award Date
21 Mar 20241 years ago
Contract Period
25 Mar 2024 - 1 Apr 2025 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SS99 1AA
Post Town
Southend-on-Sea
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH31 Southend-on-Sea
Delivery Location
Not specified

Local Authority
Southend-on-Sea
Electoral Ward
Victoria
Westminster Constituency
Southend East and Rochford

Supplier Information

Number of Suppliers
1
Supplier Name

TRM LABS

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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